Here is an interesting phenomenon: When the announcement is made that the bailout will probably succeed, oil prices skyrocket. When the news came it that the deal tanked, oil prices dropped $10 a barrel. Prediction: oil will drop below $50 if the deal totally tanks.

I have three retirement accounts- one is with the University of Oregon and has a guarantee of 8% per year. One here in Texas is limited to a 6% cap but cannot drop below 3%. The last one is CIAA CREF which is a very well run fund but I do have stock so I probably took a hit today. Still, to put it into perspective, the drop in October 1987 was 25% of the market. The stock market lost 400 points in 10 minutes after the announcement of no deal today but hardly the worst. I love to watch the piggys squeel- they are so cute when they panic!

"Imagination is more important than knowledge." - Albert Einstein