Bailout Bill Fails, stock market plummets.

Today the DOW fell 777 points. Worse pointswise then after 9/11, or any other time in history. 40% of Democrats voted against it as well as 2/3rds of Republicans. This was after approval by leaders of both parties as well as President Bush, however Congress would have nothing of it. Nancy Pelosi gave a speech before voting which, according to many, was laced with partisan rhetoric. Some blamed that as why the bill failed. Also, many members are in an election season, and while they may want the bill to pass, they don't want to be accused of redistributing 10k per family to large corporations and joined in on voting no.

Rosh Hashanah begins at sunset and continues until sunset Wednesday. Until then, 30 House members will not be in session and so nothing until then can be voted on. Until then, it may not be very pretty. Japan's Nikkei index will be closely monitored tonight to see what's going on tomorrow.

There is one bright spot. Oil fell $10, and as predicted by Donald Trump and others, will continue to fall for quite some time no matter what OPEC tries to do as it goes back down to a more realistic price.