The reaction from Wall St wasn't hard to predict and I already...

The reaction from Wall St wasn't hard to predict and I already said what Wall St's reaction would be a few posts back. I expected after an initial bounce they will view the package as not being enough.
But I thought the bounce would last a day or two at least, not merely hours!

A couple of excerpts from Bloomberg this morning.

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Financial-Rescue Plan Wins House Approval 263 to 171; Bush Signs Into Law Congress passed and President George W. Bush signed a $700 billion financial-market rescue plan designed to unlock credit markets and restore confidence in the nation's banking system.

U.S. Stocks Slide in Worst Week for S&P 500 Since 2001 Terrorist Attacks U.S. stocks slid, capping the worst week for the Standard & Poor's 500 Index since the 2001 terrorist attacks, on concern the $700 billion bank bailout isn't enough to unlock credit markets and prevent a recession.