US House Rejects Bailout Package - Market would plunge - Stay Away

The vote against the measure was 228 to 205, with 133 Republicans turning against President Bush to join 95 Democrats in opposition. The bill was backed by 140 Democrats and 65 Republicans.
Supporters vowed to try to bring the rescue package up again as soon as possible, perhaps late Wednesday or Thursday, but there were no definite plans to do so. A former Treasury Department official predicted that the administration would try to get another House vote before the end of the week, and with only “tiny tweaks” to the package, given the relative closeness of the vote. Thanks to NY Times
Today market would open with some 150 points downside gap . My only advice is stay away from the market today. But my gut feeling is that the Nifty would soon recover and move past 4000 soon.

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