"This Sucker Could Go Down" Update: Optimism On The Hill

There really is... optimism on Capitol Hill.

Negotiators get the sense that a substantial number of House Democrats and House Republicans are satisfied that they're on the record as having opposed the bailout.

Now that they've expressed themselves, gotten their joints cracked, they seem to be open to voting in favor of a tweaked package.

The economic-minded folks who've e-mailed and called today caution not to be too excited by the Dow's 485 point rise. A dead cat bounce.

Apparently, utility companies had a tough go.... the credit markets are still essentially locked... too much is happening overseas to even begin to contemplate...and more bank failings are right around the corner.