Looks like another rough day on Wall Street...

[regnaD kciN]

...the Nikkei closed down over 100 points, the German and British markets, now open, seem to be heading in that direction, and Wall Street futures are down 202 points right now, more than erasing Friday's bounce.

I doubt that this would be due to panic over the bailout not being done by today, since I suspect the market could wait for a couple more days. Might it be fear that the bailout won't be successful?

[Marsala]

1. The market doesn't always move in response to outside events

Sometimes it just fluctuates up and down for no obvious reason. Concern over the bailout and recent bank failures could certainly be a factor.

[FrenchieCat]

2. Yep....1/2 of the whole thing is about confidence.....

and the natives/voters are getting restless.

Perhaps the economy should fail, and then everyone will want to take action.
Maybe that's the only thing we will understand.

[eshfemme]

4. Sigh... the only problem is that when it gets to the point that the economy fails

we might not have an opportunity for the action to make much of anything... I don't get people who relish the destruction of something to build something up again. Sometimes, a simple modification is better than complete abandonment or ruin.

I don't know... it just bothers me that it'll take a financial apocalypse before people will snap out of that way of thinking. It's ironic that the reason I choose to be optimistic is that I have a great ability to be pessimistic and imagine dire consequences so I'd much rather be proactive about something rather than let it all fall to ruin. (EDIT: Does that make sense?)

[Mojorabbit]

3. I read that Britian

had to pump a lot of money overnight into their banks via loans as they still are not loaning to eachother. So it looks like the credit freeze is still a big problem.