The market opened strong this morning (it's been open 25 minutes as I write). This isn't surprising, but one suspects that over the next few days various details of the credit crunch will appear and people will get jittery again.
So what is Congress' next move? Today is Rosh Hashannah, so nothing will happen today. Some argue that the Democrats ought to come back Wednesday with their own proposal -- add sweeteners so a handful of the 95 Dems who voted against will switch and just pass a Democratic bill. There's something to that but I think legislative leaders will reject it as too risky. They want both parties buying in, so they'll probably just add a few wrinkles and twist a few arms and re-vote on essentially the same bill on Wednesday or Thursday and pass it narrowly.
In the meantime, John McCain is taking loads of hits today. He's not usually this roundly rebuked by the conventional wisdom, so he must be hurting, poor fellow. Change-the-subject-stunt watch; it's only a matter of time.
