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Dow falls more than 300 points, slips below 13,000
LA Times ^

Posted on 11/07/2012 1:24:07 PM PST by RC one

Stocks plunged nearly 2.7% following President Obama's reelection, as the so-called fiscal cliff took center stage as a threat to the U.S. economy.

The Dow Jones industrial average fell a 354 points, or 2.67%, about two hours after the opening bell on Wall Street. The Dow slid below 13,000 for the first since early August.

The broader Standard & Poor's 500 index fell 34 points, to 2.4%, to 1,395. The Nasdaq was down 70 points, or 2.3%, to 2,942.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy
KEYWORDS:
yet gold is still up. Very Interesting.
1 posted on 11/07/2012 1:24:10 PM PST by RC one
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To: RC one

2 posted on 11/07/2012 1:29:16 PM PST by AngelesCrestHighway
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To: RC one

Markets have spoken.


3 posted on 11/07/2012 1:29:43 PM PST by Olog-hai
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To: RC one

Shaudenfraude

or

Shoddy-Fraud-e


4 posted on 11/07/2012 1:30:52 PM PST by GraceG
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To: Olog-hai

It isn’t over, they still have a lot to say.


5 posted on 11/07/2012 1:31:07 PM PST by newnhdad (USA, it was fun while it lasted.)
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To: Olog-hai

The media is blaming it on problems in Europe.


6 posted on 11/07/2012 1:32:09 PM PST by MNDude
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To: MNDude

The old shift-the-blame trick.


7 posted on 11/07/2012 1:33:08 PM PST by Olog-hai
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To: RC one

It will bounce up and down... always ending lower... in a death spiral... bank on it.

LLS


8 posted on 11/07/2012 1:33:56 PM PST by LibLieSlayer (OUR GOVERNMENT AND PRESS ARE NO LONGER TRUSTWORTHY OR DESERVING OF RESPECT!)
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To: RC one

G. Bush must be at the bottom of this.


9 posted on 11/07/2012 1:34:39 PM PST by Michigander222
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To: RC one

G. Bush must be at the bottom of this.


10 posted on 11/07/2012 1:34:46 PM PST by Michigander222
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To: RC one

It takes all that red to pay for the blue!

11 posted on 11/07/2012 1:43:42 PM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: RC one

Just wait til after New Year’s to see what the markets will do.


12 posted on 11/07/2012 1:43:51 PM PST by Catmom
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To: Mad Dawgg

Obama and his progressive cabal treat the red areas of the states as colonies, to exploit and control. Obama has criticized colonialism abroad, but he is in fact an imperialist at home.


13 posted on 11/07/2012 1:48:05 PM PST by Eva
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To: RC one

Karl Denninger says “watch for market dislocations.”
http://www.youtube.com/watch?v=vyUSvy4LUZk


14 posted on 11/07/2012 1:51:06 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: RC one
QE3,4,5,6,7,8,9...


15 posted on 11/07/2012 1:53:00 PM PST by Bon mots (Abu Ghraib: 47 Times on the front page of the NY Times | Benghazi: 2 Times)
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To: Mad Dawgg

Thank you posting this Map. I will avoid all BLUE Counties as I travel. Go GALT!


16 posted on 11/07/2012 1:55:12 PM PST by TNoldman (AN AMERICAN FOR A MUSLIM/BHO FREE AMERICA.)
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To: Mad Dawgg

You need a new map.


17 posted on 11/07/2012 1:56:21 PM PST by Roccus
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To: Roccus

Yeah but they haven’t posted it yet.


18 posted on 11/07/2012 2:00:23 PM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: RC one

Same as it ever was.

Funny... Other than praying more and keeping to myself more, I think the line I wrote above is going to be my motto.

Time to change tag line...


19 posted on 11/07/2012 2:02:42 PM PST by Aurorales (Same as it ever was)
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To: Catmom
Just wait til after New Year’s to see what the markets will do.

On New Year's day and after, we all need to wear our protective headgear to avoid being injured by the falling stock market.

20 posted on 11/07/2012 2:05:40 PM PST by DustyMoment (Congress - another name for white collar criminals!!)
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To: RC one; All
Spoke to a sales rep friend today, multi-line stuff business needs to make things and I will leave it at that...

He made the rounds today.

Customers were stunned, they noted they are sitting on Cash and will do so for another 4 years because they do not know what else is coming down the pike.. WE ARE FUBAR'D.....

Tangent to this I spent sometime w/ a Jewish Female friend who pulled the lever for Romney and could not stop asking please me to please explain what happened I don't understand...

People are dazed and confused...

21 posted on 11/07/2012 2:08:36 PM PST by taildragger (( Fubarward Obama 2012, think about it :-) ))
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To: taildragger

WHAT a sad day in this nation’s history.


22 posted on 11/07/2012 2:13:19 PM PST by WaterWeWaitinFor (This great nation has chosen socialism over freedom and our constitution. How sad.)
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To: taildragger

People are dazed and confused because evidence outside of vote counting was that we didn’t lose the election. Something is afoot.


23 posted on 11/08/2012 3:56:01 AM PST by ican'tbelieveit (School is prison for children who have commited the crime of being born. (attr: St_Thomas_Aquinas))
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