Thanks to all your calls, faxes, and pressure on House Republicans, the Great Train Robbery of 2008 has been voted down! Markets are reacting immediately to reward you for your hard work.
As of right now, NYMEX crude is down $10, equities are more affordable, and Bill Gross is positively apoplectic. The articulating craniums on CNBC are wringing their hands, unable to comprehend that this immediate injection of value into your wallet is not just a good thing, it's a great thing! NYSE floor traders are working hard to inject even greater value into your cash.
Rep. Barney Frank released a statement saying Democrats in congress will “gauge the economic reaction” before they attempt another attack on taxpayers. According to CNBC, the 70-80% of floor traders who wanted to fleece America are taking that to mean the market has to close down 500-600, not just 200-300. That is just awesome news for your cash accounts!
And, to top it off, gold is up $22 while Goldman is down $16, even while Goldman's DC flunkies are agitating for more uncertainty. As short-lived as I'm sure it will be, for a brief moment today the productive class wins a battle and the looters can do no more than stare ashen-faced at the camera.