STAY CALM!!! ALL IS WELL!!!!

Experts agree: everything's fine!!

Paulson says US bail-out working
- BBC News, 12/11/08

"The $700bn (£494bn) US bail-out package has already 'clearly helped stabilise' the financial system, US Treasury Secretary Henry Paulson has said.

But he added that there were still many challenges ahead and market turbulence was likely to continue for some time."

Challenges and market turbulence, like:

US stocks close nearly 5pc lower
- News.com.au, 13/11/08

"US stocks plunged overnight as global markets were rattled by further signs of recession in Europe and a shift in the US financial bailout strategy.

The Dow Jones Industrial Average plummeted 411.30 points (4.73 per cent) to finish at 8282.66 and the Nasdaq dropped 81.69 points (5.17 per cent) to 1499.21.

The broad Standard & Poor's 500 index slid 46.65 points (5.19 per cent) to 852.30.

Since Monday, the Dow has lost 7.4 per cent."

I'm just gonna go out on a limb here and say that maybe this bailout isn't helping. And maybe it'll make things worse. Consider it a prediction.


And an Australian addendum:

Australian market plunges to 4-year low
- ABC News, 13/11/2008

In a volatile day for Australian stocks, the local market has finished at a four-year low after it was unable to recover from a plunge of almost 5 per cent in the first hour of trade.

The All Ordinaries Index has finished the day 5.5 per cent lower at 3,672 points, and the ASX200 dropped 230 points, to 3,697.

The steep falls followed a 5 per cent dip on Wall Street overnight, after US Treasury secretary Henry Paulson decided to use the rest of the Government's bailout package on shoring up banks, rather than bad mortgages.

The last line is odd: it's like the old media thinks the bailout will work if only they could do the right thing with the money they printed. Halfway there, Old Media. Halfway to realising that the best thing Mr. Paulson could do with that money is burn it.