S&P closes down 8.7% – A 106 point drop – the biggest one day drop since Black Monday 1987

NASDAQ closes down 9.1%-  biggest drop since the tech bubble burst in April of 2000

DOW drops 7%, largest % drop since 9/11LARGEST PERCENTAGE DROP SINCE 9/11. Biggest point drop ever of 778 points.

Crude oil drops 10%

All as a result of a shocker of a nay vote winning the day, missing the 270 aye vote needed to pass the bailout bill by a mile….

Guess whose fault this was. The republicans blame the democrats, in particular Nancy Pelosi’s remarks earlier on in the day.

The democrats blame the republicans without singling anyone out in particular…..

George Bush is being updated by his advisers that Houston has a problem.

Has the bloodletting finally led to market capitulation. Is this a buying opportunity?? Normally I would say yes, but with the highly political nature of the current crisis, all bets are off……