From: Judd Pickell <pickell@gmail.com>
Subject: Re: ****Re: OT: Emergency Buy Out
To: "Main PLUG discussion list" <plug-discuss@lists.plug.phoenix.az.us>
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 <craigwhite@azapple.com> 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

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