Market shows contempt for Congressional action. We show Contempt of Congress.

Posted on Oct 03, 2008 by in Letters

Today, Friday October 3 2008 the House of Representatives finally passed the (take your pick) Wall Street Bailout bill, Pig with Lipstick bill, Pig in a Poke bill, Bank Rescue bill, Pork and tax cat bill, Secretary of the Treasure permission to steal and mess around bill, Bush Administration Swan Song bill, the Reverse Robin Hood bill (rob from taxpayer, give to bank)....  You get the idea.  So did the market which basically urinated on Congress and did what we recently said it would do -- tested the recent panic low:

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