So Paulson's and Bush's $250 billion equity position in the nine banks

...seems to have not had much impact on the markets. They are ALL down as of noon today:

Dow Jones Industrial Average
8,998.13 -312.86 / -3.36%

Oct 15 12:00pm ET †
Open: 9,301.91
High (day): 9,308.76
Low (day): 8,919.60
YTD%Change: -32.17%
Volume: 124,861,479.00
Prev. Close: 9,310.99



http://money.cnn.com/data/markets/dow/

I don't think they are going to move until after the election. I may be wrong, but we are in uncharted territory and a bird in the hand....at least until they know who the two in the bush are.

I heard of one elderly woman who buried a strip of PVC in her backyard to use as a vault. Maybe we should buy stock in PVC companies?

This may not break until after the inauguration.

by Friday afternoon.

I had a strong feeling that Monday was a dead cat bounce - too many short positions that had to be made good after the free-fall of last week.

The stock market's a side show. It'll be volatile as hell so long as the credit markets are frozen.

...and meltdown. Just look at how the stock market views this bailout:

Dow Jones Industrial Average
8,908.77 -402.22 / -4.32%

Oct 15 1:21pm ET †
Open: 9,301.91
High (day): 9,308.76
Low (day): 8,885.19
YTD%Change: -32.84%
Volume: 158,331,832.00
Prev. Close: 9,310.99



Dipshit Economic Policy 101:

<snip>
Bernanke: No quick recovery
Fed chairman says policymakers now have 'tools' to fix financial crisis but that economy will take time to rebound.

By Chris Isidore, CNNMoney.com senior writer
Last Updated: October 15, 2008: 12:52 PM ET

NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke warned in a speech Wednesday that the U.S. economy will take some time to recover - even if the credit markets return to normal soon.

Bernanke, speaking before the Economic Club of New York, said he believes the steps taken by the Treasury Department, the Fed and Congress in recent weeks provide policymakers with the "tools" they need to fix the recent crisis in financial and credit markets.

Among the steps he cited were the Treasury Department's planned investment of $250 billion in the nation's banks in return for equity stakes, the Fed's decision to lend to major businesses through the purchase of commercial paper and broader guarantees on bank deposits by the Federal Deposit Insurance Corp.

But those moves will not solve all the problems facing the economy immediately, he cautioned.

<MORE>

http://money.cnn.com/2008/10/15/news/economy/bernanke_speech/index.htm?postversion=2008101512

Dow Jones Industrial Average
8,865.04 -445.95 / -4.79%

Oct 15 1:27pm ET †
Open: 9,301.91
High (day): 9,308.76
Low (day): 8,856.28
YTD%Change: -33.17%
Volume: 162,276,169.00
Prev. Close: 9,310.99