Think $700 Billion is a lot? How about $800 Billion in 90 minutes...

Heading into the 1pm Bailout vote, US equities were off roughly 2 -3% and trading flat...


In just 90 minutes following the 228-205 "NO" vote on the $700 Billion plan, US equities dropped by a further 5%, representing a decline in market capitalization of more than $800 Billion...



Investors looking for reassurance will need to look other than to Treasury Secretary Hank Paulson, who came out for a brief Press Conference at 4:30pm, appearing as one who is certain that the sky is about to fall in...



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Eyes now turn to the overseas equity, and especially, credit markets...