Friday, October 03, 2008

Bailout Friday

  • I guess the market doesn't like the bailout package. The Senate passed it Monday, the House passed the package today, and then President Bush signed it.  Whoosh down goes the market.
  • For those looking for a confirmation day after Monday's rally, yesterday the Nasdaq and NDX made new lows.  Today, the DOW and SP500.  I guess the only confirmation day we'll be seeing now is from the Catholics.
  • And now, California's Governor Arnold Schwarzenegger is looking for a $7B Treasury bailout for the cash-strapped state.  "Nancy and Harry, can you make that a $707 billion bailout package?"
  • I know a lot of folks don't like the partisan political stuff, but Michelle Malkin has had some good stuff up on the bailout bill.  After the vote, she has up "Now they'll tell us it's not enough."  Yeah, with links.
  • Steve Jobs being okay after the nasty rumor of heart attack.  AAPL is under $100 now anyways.  And it's not that there aren't 3-hr. lines to buy iPhones.  It's just PE multiples being compressed.
  • Me? I'd rather get the Sony Xperia X1.  Or the HTC Touch HD.