I lived through he 1987 adjustment.  Interestingly I'm still alive.  Humm?  Maybe the sky is not falling!! And I survived the dip during the dot com bust.  I'm thinking this might cause people to rethink their ways.  We have become a welfare state and this is more welfare. ------------------------ Keith Smith --- On Mon, 9/29/08, Judd Pickell wrote: From: Judd Pickell Subject: Re: ****Re: OT: Emergency Buy Out To: "Main PLUG discussion list" Date: Monday, September 29, 2008, 2:29 PM To be fair, it would take a couple thousand points of dropping before it reached the panic that happened in 87 when it dropped 22%. Now that was a crisis. Apparently the 700+ point drop that happened still only constituted a 7% drop. Definitely a very easy point to recover from if allowed to. http://en.wikipedia.org/wiki/New_York_Stock_Exchange#Events Sincerely, Judd Pickell On Mon, Sep 29, 2008 at 2:21 PM, Craig White wrote: On Mon, 2008-09-29 at 14:09 -0700, Robert Holtzman wrote: > On Mon, 29 Sep 2008, Craig White wrote: > > > On Mon, 2008-09-29 at 12:02 -0700, Josh Coffman wrote: > >> ..waiting for another bail out later today (probably) to see what > >> changes are made for the second attempt. > > ---- > > I wouldn't be surprised to see Congress punt at this point until after > > the election because the election and politics is harming the process. > > And give the market time to drop a couple of thousand more points? ---- apparently you aren't one of those willing to sustain the losses from no bailout plan. Currently, the House is in recess until Thursday. I think the market response tomorrow and Wednesday may have some influence upon whether anything happens on Thursday. Craig --------------------------------------------------- PLUG-discuss mailing list - PLUG-discuss@lists.plug.phoenix.az.us To subscribe, unsubscribe, or to change your mail settings: http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss --------------------------------------------------- PLUG-discuss mailing list - PLUG-discuss@lists.plug.phoenix.az.us To subscribe, unsubscribe, or to change your mail settings: http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss