December Despair: Dow Drops 680

Fox Business ^ | December 01, 2008 | Matt Egan

[AngieGal]

A wave of daunting economic headlines took control of the markets on Monday as the Dow suffered its fourth worst one-day point decline on record.

The latest bleeding came as the markets received confirmation the U.S. has been in a recession for a year, a fact backed up by gloomy speeches from regulators and a new report showing manufacturing activity stands at 26-year lows.

The Dow Jones Industrial Average lost 679.95 points, or 7.70%, to 8149.09, the S&P 500 slumped 80.03 points, or 8.93%, to 816.21 and the Nasdaq Composite fell 137.50 points, or 8.95%, to 1398.07. The consumer-friendly FOX 50 slid 56.42 points, or 8.09%, to 640.96.

Monday's plunge erased more than half of a five-day winning streak that saw the Dow climb nearly 1,300 points.

[Kimmers]

The “O’s” fault

[Carl LaFong]

I thought everything was rosy again cuz’ Urkel named his fab economix team.

[Frantzie]

No one has any confidence in this clown. He and his fellow travellers caused this financial disaster with CRA, Fannie & Freddie and their hedge funds 100 to 1 leverage pals.

[weegee]

The dead cat keeps bouncing. Obama is bad news for the economy and the MSM is still blowing up his balloon.

[KoRn]

Barack’s Fault!

[pabianice]

Another nail in the coffin of the Failed Obama Administration...

[ABQHispConservative]

I take the market was unimpressed by 0’s national security cabinet.

[agooga]

When are guys gonna start jumping out of windows?

[mrsmith]

” the U.S. has been in a recession for a year”

A recession is two quarters of falling GDP- we haven’t had that.

Instead of redefining a good word like recession, they should call whatever this has been a ‘maccaca’!
]
That’s a word that everyone knows means whatever the media want.

[murron]

Hey, George Stephanopoulis! Do you still want to give 0 the credit for what happens in the stock market?

[NonValueAdded]

Several days of gains led USA Today to give credit to Obama: USA Today: 'Obama's Actions Perk Up Stock Market'. Today must be Bush's Fault^™.

[dancusa]

jesus christ jr. and his disciples (Pelosi and Reid) will cause 20 million to lose their jobs in the next 2 years. Mark my words.

[John W]

Not today.

[RightWhale]

No one? Somebody must. Somebody somewhere.

[chessplayer]

“A recession is two quarters of falling GDP- we haven’t had that.”

Libtards will define it any which way they please.

[microgood]

More fear and panic selling. Hopefully the Wall Street window jumpers will eventually emerge from their psychotic episodes and start acting rationally. Americans are taking the turndown much better than the Wall Street weenies and are showing much more maturity and rationality.

[upchuck]

It's not nice to screw with Mr. Market.

He always wins.

[StAnDeliver]

"Jesus Xhrist Jr. and his disciples (Pelosi and Reid) will cause 20 million to lose their jobs in the next 2 years. Mark my words."

Minimum 80% in blue states; (single, unmarried) women and minorities hit hardest.

[VOA]

When are guys gonna start jumping out of windows?

A couple of years.
Only it will just be taxpayers taking the leap.
When they realize their dollars have been incredibly devalued
with those money presses running 24/7/365.

As for the corporate/Wall Street types...no time to leap from their
corporate towers.
They'll be too busy carting away "other people's money" from the
federal bail-out trough.
As Bernanke said today: this is nothing like The Great Depression.
This time we're going to save all the millionaires/billionaires
and trillionaires.
And taxpayers will help them so much it REALLY hurts.

Well, except for the UAW members that will probably have their
gold-plated retirements preserved as part of the Detroit Three
(not, NOT "The Big Three") bailout plan.