Posted on 02/27/2009 1:20:57 PM PST by fightin bronco
As stocks on Friday meandered to another month of losses, investors were especially focused on the S&P 500 Index and whether the broad market gauge would close above or below its November lows, with a finish above 740 to 750 seen as a victory of sorts
After the worst January performance in its 113-year history, the Dow industrials were on track for a February decline of more than 900 points or 11.3%. As things stood with 30 minutes to go before the closing bell, the Dow was on track for its worst February point drop ever, and its second-worst percentage drop since 1933, when it lost 15.6%.
(Excerpt) Read more at marketwatch.com ...
Ten seconds.
Hehehehehehehe.
The market has been reacting to Obama's "victory" since before the election in Nov 2008. The polls were enough to start the downward trend. The reality of his election and the foul attack he has conducted since inauguration lay this economic disaster squarely upon him. Even the mortgage meltdown is traceable to his work with ACORN to force banks to loan to unqualified buyers.
LOL!
OK, you caught me.
Elected in 1932 to take office in 1933.
Obama calls those banks forced to give loans to unqualified buyers “predatory lenders.” How convenient.
Great minds don’t necessarily type at the same speed... ;~)
I pulled out of the market before the collapse. The writing was clearly on the wall.
I don’t believe the stock market has anywhere reached its low or bottom. I think we have a long way to go yet and its not gonna be pretty. The stock market is going to continue to crash. Consumer spending is way down and won’t recover any time soon. Investor confidence is non existent. The government has brought this scenario on itself. And with every passing day, the government just makes it worse. No end in sight.
I’ve run afoul of that myself.
Or maybe you proofread yours. :-P
If we get attacked again, the stock market is toast. Obama is making sure that will happen.
Yup. You can't remake the world (his words not mine) until you destroy the old one.
S&P closed at 735.09 today. (I think it closed at 753 yesterday)
Pol Pot was "differently moral" too. Typical of a Marxist to redefine terms.
Feb 27 4:51pm ET
Dow -119.15 -1.66% 7,062.93
NASDAQ -13.63 -0.98% 1,377.84
S&P -17.74 -2.36% 735.09
Ev,
Did you here Zimmerman on Glen's Radio show on Wends?
In a nutshell:
Up to 25% unemployment, it will last until 2012, and we may see a Dow/S & P of 300/ 3000-3500....
Here is a video of Glenn with Zimm...
The DOW is down nearly 40% since he was nominated. You have to calculate this yourself, the MSM is not reporting on it.
Can you imagine the reports of His greatness if the DOW was up 40% right now?
Obambi is telling the stock market and all its investors: “screw you. I’m going ahead with my far left agenda and you aint gonna stop me!”
The stock market is saying back to Obambi: “Screw you too, you MF.”
Thanks for update. I appreciate the info. That said, I do not consider Dick Morris to be “someone of large prestige.”
George Will, Newt Gingrich, Ben Bernanke, Martin Feldstein, Arthur Laffer, Mitch McConnell, Bobby Jindal — these are serious thinkers whom I consider to be persons of large prestige.
Yes but when we say it we take our money off the table. We will not deal with an arrogant Blackjack dealer at the table. At some point the house is gonna loose when no one is playing and they all metaphorically walk out of the casinos.
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