Monday, September 29, 2008

Egads

Man, I really hope Casey Mulligan is right that this is all going to be contained to the financial sector.

I do know that I kept getting emails this morning from colleagues saying that our local congressman had gotten 5 to 1 calls on the phone saying to reject the bill. Which of course SUCKS, but it suggests our elected officials are simply doing the idiotic things their idiotic constituents tell them to do.

Of course, maybe Casey Mulligan is right!

Markets are down 7-10% since opening. Dow is down 7%, while the S&P500 is down 8.73%.

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