U.S. stocks slammed again as retail sales drop

Market Watch.com ^ | Nov. 14, 2008 | Kate Gibson, MarketWatch

[Grampa Dave]

Major indexes down for second straight week; Nasdaq Composite hardest hit

U.S. stocks on Friday fell sharply to tally a second consecutive week of losses as a record decline in retail sales and a warning of falling mobile-phone sales hammered home the ongoing fallout of the ailing economy. The market again showed its erratic side in the final hour of trade, briefly turning higher as utilities and consumer staples gained, but ultimately being weighed down by technology. Finishing near session lows, the Dow Jones Industrial Average ($INDU:Dow Jones Industrial Average: 8,497.31-337.94-3.82%

$INDU 8,497.31, -337.94, -3.8%) declined 337.94 points, or 3.8%, to end at 8,497.31, leaving the blue-chip index down 5% for the week.

[Grampa Dave]

The market seems to be responding to ZeiO's election as FDRII and more power in the hands of Pelosi, Reid, Dodd, Frank and other tax and spend rat criminals in control of congress.

[Grampa Dave]

Obama’s election as FDRII continues to tank the markets.

[BenLurkin]

“The Obama ‘Rally’ Continues on Wall Street”

http://www.freerepublic.com/focus/f-chat/2129478/posts

[bray]

The markets aren’t impressed with Change and Hate.

Pray for W, Palin and Our Troops

[hinckley buzzard]

The coventional wisdom for several years has been that consumer spending is the driver of this economy. Now the data shows the biggest drop in consumer spending since records have been kept. Even the transportation stocks are tanking. This is a perfect storm already and obamanomics will only make it worse.

[Old Retired Army Guy]

They better just go ahead and factor in the fact that this holiday season may be the weakest in 50 years with perhaps the exception of Wal Mart and maybe a few more discount stores. Not going to be a lot of packages under the trees.

[ETL]

Here's a link to a nice stock market chart. It updates as the trading day moves along (when you refresh the page). You can also view 5 day, 1 month, 3 months, 6 months, year to date, 1 year, 2 years, and "Max" (from Oct 1, 1928 to the present)

http://finance.yahoo.com/echarts?s=^DJI#chart5:symbol=^dji;range=1d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

[hiredhand]

Grampa,

Have a look at these predictions by Gerald Celente.

*WARNING* - Not for the faint of heart!

[Grampa Dave]

Thanks.

Yahoo has a lot of good charts. Unfortunately, I don’t have the skills to post this one.

[scooby321]

Wall Street will be a minor player in the World Market.

London will retake the Financial Capital of the world during the Obama fiasco.

[Grampa Dave]

If this continues, Zer0 will not have much to tax or to give away.

[avacado]

"The market seems to be responding to ZeiO's election as FDRII and more power in the hands of Pelosi, Reid, Dodd, Frank and other tax and spend rat criminals in control of congress."

I was going to spend about $4K on home repairs and that is now on hold due the uncertainty over Obama. I was going to buy a new-used car/truck, and that is now on hold due the uncertainty over Obama. That's about $25K that I will not be putting into the economy anytime soon.

[1rudeboy]

London will retake the Financial Capital of the world during the Obama fiasco.

If by "Financial Capital," you mean "the city with the most financial deal-making," then London overtook New York since shortly after Sarbanes-Oxley passed.

[Grampa Dave]

“The markets aren’t impressed with Change and Hate.”

So far there is no change re the faces with Zer0 with old Clintoon retreads.

The hate is there full force. Hatred of successful corporations and medium/small businesses is a communicable disease injected by the rats into their worthless and braindead voters.

[hiredhand]

Here's something else that's gotten ZERO notice...

The strange case of falling international reserves

Do the trends on the graph at the above URL simply coincide with the subprime collapse here in the U.S? If so, then subprime was "plugged" into global financial systems much deeper than anybody thought...and if not, then something else is happening that we aren't aware of.

I'm NOT a financial expert, so don't think that I understand everything contained in the above URL.

[bray]

If GM/Ford go under will the new companies be able to break the unions?? Right now I don’t want to buy American and support the UAW.

Pray for W, Palin and Our Troops

[hiredhand]

I personally think that this is the part where the U.S. reduces itself down into a number of smaller and weaker nations. It’s been coming a long time now and might even happen in our lifetimes. Either way, we’re not #1 anymore...in many areas.

[bray]

Support America, Buy Non-union!

Pray for W, Palin and Our Troops

[Grampa Dave]

See Old Retired Army Guy’s comments re this holiday.

http://www.freerepublic.com/focus/news/2132635/posts?page=6#6

[Forward the Light Brigade]

Its going to be a grim Christmas Season. No potlatch of gift giving, no extra money for teens to buy all the high priced gizmos they are told they must have. Time to bake cookies, make things to give and cut back. Think Waltons not Walmart. Lots of people will just get Cards this years from me.