However, Neil Cavuto is not, and he is where I heard the stuff about the capital gains tax and the “wait and see” investors.

I’m not saying that is why we are seeing the massive selloff. The economists I hear say that’s just panic. But that is why we aren’t seeing people with money starting to buy the now cheap stocks like we normally would with this level of decline.

And to be fair, he didn’t only attribute that to the capital gains tax. People are also waiting to see what checks Paulson starts writing.

lol

What really concerns me are Obambi’s associations with slum lords, domestic terrorists (probably a few foreign ones too), racist preachers, black panthers, George Soros and money changers, Fannie Mae and Freddie Mac kickbacks from his financial advisors, subprime sellouts giving profusely to the Dimocratic party, European bungholes wishing America to fall and the military to fail being Obambi the quickest way there, ACORN attempting to steal elections in 50 states, and about 60MM other potential Oprah rube votes.

I think old Wall Street is counting on an Obama win and has answered the bell. Unfortunately, Dims come in two groups: (1) the few thousand haves who are busy stealing the money; (2) zillions of have nots who have nothing to lose…

WHOOPEE!

If you think the market is in a position to gage bets on anything outside of 24 hours right now, your naive. While Obama’s idiotic capital gains tax will eventually cripple a bruised market, a drowning, thrashing swimmer doesn’t give a damn about what’s for lunch tomorrow.

Yeah mofos. More folksy metaphors fo yo asses.

What is scaring some investors is Obama’s capital gains tax. They are playing “wait and see” instead of being bullish.

Chen, I will read that article and respond later on tonight.

Reality:

No money from the bail out has gone anywhere. While the market is crashing, business is still alive. The layoffs will be coming, no doubt about it. But not tomorrow like they said.

The pork ridden bail out is impossible to implement. Isn’t it funny, comrades, that the original plan was to buy risky mortgage backed securities? Well, what do you know? They don’t have a clue how to do this. The market is hanging on the abyss of government action.

Of course McCain, in a fit of populist desperation, is rattling off about saving Dead Rabbit’s house. Mr. McCain, Rabbit lives in Wayne County, the epicenter of the mortgage melt down. Rabbit’s house has loss more then 50% of its value. Mr. McCain, I do not want you’re bail out.

Socialization is scaring people away!

Dow futures is down another 600 last I checked. (That’s tonight, not today’s loss) However, look for a rebound tomorrow. Socialization of banks, the new plan being discussed, will be a two day hit of cocaine with a price to pay Monday morning.

I don’t know that he presented it as “some new brainstorm.” It’s just that people hadn’t heard of its inclusion into the bill.

That’s one of the benefits of being there when things are being negotiated and written. Which is probably why it was news to Barack Obama, as well as the rest of us.

You sure about that? I dunno. This looks like something that McCain is independently proposing; how he’s use the funds in the bailout bill, not something in the bill itself.