Buckle up, boys, it's gonna be a bumpy ride:
Stocks on Wall Street took a blood bath Monday afternoon after the Treasury Department's proposed aid package for the financial sector failed to pass the House of Representatives.
The Dow Jones Industrial Average, which sank as much as 705 points, was down 612 points to 10,530, and the S&P 500 lost 79 points to 1134. The Nasdaq plummeted 140 points to 2044.
See, the original reasons for the bailout don't matter anymore. Now, he have to have the bailout because we said there would be a bailout, and Wall Street is counting on it. The bailout is now self-justified. Brilliant!
