Bailout fails! Dow plummets!

Congress has finally done something right!

Dow closes down 777 points, or 7%. Biggest point drop in history.
Nasdaq closes down 199 points, or 9%
S&P 500 closes down 106 points at almost 9%, and fell as much as 15% in after hours trading.

Things look really ugly right now, but this is the medicine that the economy needs. The process of de-leveraging always hurts, but it is necessary to bring the economy back to a point where people do not have to struggle to get by. Banks are leveraged as high as 40:1, basically meaning they owe 40 times more money than they have assets. This has allowed the price of assets to far exceed their real values, and is long overdue for a correction.

http://www.stormfront.org/forum/showthread.php/bailout-fails-dow-plummets-527201.html

>>2
It is though.  The best time to buy the stock of companies that are healthy is when they are devalued.

I just put another 4k in a couple companies because they are not connected to in any way to the credit crisis, but their stock price still slipped 4%.

In a month or two, they will have recovered, and I will have made like 14x the interest I would've had I kept that money in my savings.