Stocks Skid 2%; Dow Dives 300, S&P Below 1400

CNBC ^ | 11/7/12 | JeeYeon Park

[madison10]

Stocks took a sharp nosedive across the board Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe's economy reemerged.

The Dow fell below 13,000, while the S&P 500 traded under 1,400 for the first time since early September...

[Rockitz]

There was no reason for it to be this high anyway. Zero’s Wall Street cronies kept it up going into the election to preserve his victory.

[stephenjohnbanker]

” Dow -2.53%

Nasdaq -2.56%”

Just the very beginning.

Time to “short” coal mining jobs....

[Gator113]

Screw you.

[R_Kangel]

.... Looks a lot more like a combination of a couple things ... Reaction to the European financial flare up and also investors moving their money around to safer investments as a result of the election. Probably recover some before the day is finished as the money being moved around finds it mark.

[Rockitz]

Next stop......Depression.

[Frank_2001]

Well, NO F***ING KIDDING!!! Boy, I sure didn’t see THAT coming!!/sarcasm

[concerned about politics]

Christmas shopping? Nope. Let the DimRat seasonal retail workers starve.

Yep. I'm baking goodies (food is not taxed) for adults, and giving cash to my kids with the warning to stash it, because they're going to need it later. They're pretty good at taking our advice.
We're no help to the SEIU members (on purpose). They can have the trash can leftovers for Thanksgiving dinner. They're jobs are not my problem.

[oiler]

BHO: “the best is yet to come....”

[jjsheridan5]

Yeah, the market reacts for a day. Tomorrow it’s back up.

Obviously I don’t understand the market, but it seldom seems to react as it “should”.

In banana republics, numbers do not mean what you think they mean.

[newgeezer]

Excellent! The greedy rich and the evil corporations are experiencing the "best revenge" of our vote! Happy days are here again!

/sarc

[listenhillary]

From another site. With sarcasm assumed.

“It’s almost like the market was being propped up for the election.”

[JCBreckenridge]

“Especially 0bama’s union thugs who destroyed or didn’t count Romney ballots last night. Lower turnout than for McCain in 2008?? Seriously? Do I believe that? HELL NO, Not for ONE second.”

You’d better believe it because it’s true. Romney was a terrible candidate. Denial ain’t a river in Egypt.

[waus]

The Soros crowd that wants to see America destroyed has moved the stock market up over the last three years in hopes that The Destroyer would get reelected.

Now they can make a fortune from the destruction of the country and the collapse of the stock market.

The only good thing is that since it’s going to happen no matter what, trade put options and make a fortune right along with them.

[DCMaggie]

“Obama built this” and “good let it crash”
Amen.

[oiler]

Bob McDonnell in 2016

[jjsheridan5]

Good. Let it crash.

Screw you.

No, he is right. This is going to crash, regardless. The worst case scenario is that they successfully kick the can, and allow that crash to occur over a period of years. We need this to occur soon, and quickly. We need a watershed moment when people are suddenly frightened about America's future. If it occurs over a period of years, it will be like warming the water the frog is in. People will adjust, embrace the new normal, and will never have that spark that causes them to jump out of the water or, in this case, become frightened enough about what Leftists are doing to this country to reject them. It has to be terrifying enough, and sudden enough, that things like impeachment are on the table.

At this point, a sudden economic collapse is the only thing that can save what we think of as America.

[Homer_J_Simpson]

That is the Valerie Jarrett quote isn’t it? Do you have a source for it? It would make a nice thought for the day tomorrow on my FB profile. My lib Friends are turning hand stands today.

[Blogatron]

Burn, baby! Burn

[listenhillary]

Quote was originally posted at the Ullsterman (sp?)report and he did not provide a definitive source. The person he quoted did not want their name shared.

Share at your own risk.

[Grampa Dave]

Time to short the idiot states Ohio/Pa which went for Obozo and of course my stupid state, Californicator land.