WHAT YOU REALLY LOST TODAY
by Joe Shea
BRADENTON, Fla., Oct. 3, 2008 (3:55PM EDT) -- Like a bad joke, the Dow swung up close to 300 points today as lawmakers voted at 1 PM on the bill to bail out Wall Street banks and brokers, and then fell 450 from that point as traders began the clamor for more at the close.
It's like I told you on Sept. 25: "I hate to tell you this, but as soon as the bailout bill is passed, after a day or perhaps two of market euphoria and 500-point gains, the market will start to fall again and market leaders will resume their chant, "More! More! We need more!"
I thought they would wait a day or two; so sue me.
Read More