Dow plunges 700 after failure to pass House bailout plan

This was to be a close vote, but it was supposed to pass in a nail biter. NOT SO!!! The House plan was shot down, Dow is down over 700 as decliners are ahead of advancers 20-1. NAZ is down 180 & S&P 500 slumped 100 in what is clearly a FINANCIAL CRISIS:

•S&P 500 Falls Most Since 1987, Commodities Plunge After Defeat of Bailout
•Financial Rescue Plan Backed by Bush, Democrats Collapses in 228-205 Vote
•Paulson Vows to Use `All Tools' to Protect Markets After Bailout Rejected
•Fed Injects Additional $630 Billion Into Financial System to Stoke Lending

Meanwhile oil is having one of its worst days ever while gold rallies on the flight to safety:

CLX08.NYM

Crude Oil ...Nov 08

... 96.42...

10.47 (9.8%)

GCV08.CMX

Gold ... Oct 08...

905.00...

22.10 (2.5%)

The flight to safely means money from stock sales is going into Treasury bills where the ANNUAL yield tumbled from 0.87% to 0.32%. Keep in mind, these are ANNUAL rates for T-bills:

Investors Swarm T-bills as House Rejects Bailout- AP

Let's see how markets close, I'll return.