So, according to CNN the Dow Jones has plummeted 7%, it is about time to do some bargain hunting.
Obama and McCain don't know what to do. Obama is trying to make hay from it, McCain is trying to say Obama would spend even more taxpayers' money on new programmes.
The truth is both look like less than Presidential material at the moment - neither give the public confidence in the economic future. Gerald Warner in the Daily Telegraph says that as McCain and Obama both supported the package, US voters chose "none of the above" in putting huge pressure on Congress to say no.
For now the taxpayers have won the battle - the question is what the cost of that will be in the short to medium term.