Skip to comments.Post-Election Retreat: Dow Plummets Below 13K for First Time in 2 Months
Posted on 11/07/2012 8:59:07 AM PST by Sopater
Equities, commodities and other risky assets tumbled on Wednesday after U.S. elections left Washington, D.C. as sharply divided as before as the fiscal cliff looms large.
As of 11:10 a.m. ET, the Dow Jones Industrial Average slumped 291 points, or 2.2%, to 12955, the S&P 500 slid 31.3 points, or 2.2%, to 1397 and the Nasdaq Composite fell 66.9 points, or 2.2%, to 2945.
(Excerpt) Read more at foxbusiness.com ...
Which will be the basis of repealing the term limit for President. Mark my words.
You can't fix stupid.
I am really hoping that this whole thing does come crumbling down. The 'poor' in this country don't know the meaning of the word. I spent almost a year in a real third world country, and poor means sleeping on the ground, and barely scraping by.
In this country, 'poor' is being able to only buy 1 TV.
I hope that the day comes..
I hope to God the economy burns now. It will serve America right for re-electing this fraud.
The courage for that is gone as well I am afraid. I think Texans will huncker down, go Galt or Galt-lite, and wait the collapse out. Most of us are still able to be self sufficient.
The numbers are BAD today.
Right on cue, the EU releases a report predicting “sluggish growth for the foreseeable future”. Hence Obama is off the hook. No post-election slump to see here, move along.
Time to “Go Galt”.
And so it begins.
Yes, the House will go Democrat in 2014 because it is not doing enough to help Obama.
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