****Re: OT: Emergency Buy Out

[Judd Pickell]

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 at 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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