What happens now?

JDV, you’re mistaken, the market cap is closer to like $11 trillion. Willy

Ok. I agree Black Swan - wasn’t trying to solely point a finger at Congress . . . but do not think their moves were in the best interest of the long term success of the economy.

I get $10,281,585,022,509 today $11,532,759,570,363 7/23

Now, I’m wondering about the meaningfulness and worthfulness to rack our brains to study default credit swap & derivatives which seem wrecked the whole system. How innovative these financial instruments are !!! - only to find they are the potential bombs.

WillyR Wrote: ------------------------------------------------------- > JDV, you’re mistaken, the market cap is closer to > like $11 trillion. > > Willy OK - I guess $25T is NYSE?

WillyR Wrote: ------------------------------------------------------- > JDV, you’re mistaken, the market cap is closer to > like $11 trillion. That’s the S&P market cap as of Friday’s close, or thereabouts? If so, S&P now down 8.3%, so that’s a market cap loss of $910 billion or so.

S&P 9/29/2008 3:21:56 PM $10,281,585,022,509 9/29/2008 3:29:39 PM $10,242,170,915,723 that’s $39,414,106,786 of market capitalization lost in 8 minutes.

VIX at 47 in the past has signalled an excellent buying opportunity. i’ll take the other side. i think the VIX stays in a range above 35 and hits 55 or 60 i think congress will stay their a@@@ in Washington until they hammer something out. they better or else risk going down in the history books.

My company’s stock took the biggest dive in its history today. Sweet.