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Stock market tanking after Republicans block financial reform

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NewJeffCT Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 12:47 PM
Original message
Stock market tanking after Republicans block financial reform
Just looked and it was down 109 for the day at 1:47PM EST. If it was Democrats blocking financial reform and the market tanked the next day, you can be sure that Fox News, Limbaugh, Savage and the other RWers would be touting that news.

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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 12:49 PM
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1. Stupid Fucking RATpubliCONs - still destroying the economy
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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 12:50 PM
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2. Holding steady above 11000
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 12:51 PM
Response to Reply #2
4. PPT has jumped into action! Ta-da! n/t
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 12:50 PM
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3. It's actually gained 60 points in the past hour. I'm assuming (for now) the
gain was on the back of today's 2-year bond sale. I'm also assuming that successful sale of those notes was made to the Fed, though I hvae admittedly not dug into yet as I'm watching the Goldman Sachs hearing.
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NewJeffCT Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 12:55 PM
Response to Reply #3
5. I know it's not because financial reform was blocked
there are a lot of factors in the market going up or down... I was just using a Fox News-like oversimplification.
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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 01:17 PM
Response to Original message
6. GS switched its frontrunning program to "sell mode", is all.
It's their "mess with us and we'll bring you all down with us" MAD market manipulators defense.
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