Auto Bailout Fails 12/12/08 - Dow Futures

The Auto Bailout talks have failed in the Senate tonight and Stock Market Futures are pointing significantly lower, something that I feared would happen. The White House will now review this and decide if they will use TARP money I assume.

Harry Reid called the bill's collapse "a loss for the country," adding "I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight."

Stock Market Futures for December 12, 2008

Dow Jones Futures - Down 320
Nadsaq Futures - Down 45
S&P 500 Futures -Down 39

It looks like we will test 8150 on the Dow Jones tomorrow.

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