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 ...
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As long as every day has a new $250 billion or $700 billion program, or a new tax, the market will continue to tank.
Obama will cost us about 10 trillion when all is said and done.
Now that is change we all can believe in.
The man is an economic illiterate. I am waiting for someone of prestige to clearly and unequivocally share this truth with the American people.
I have little doubt that if McCain had become President this would not have happened. Not because he is a genius, but because he believes in free markets. The markets are afraid of Obama’s spending and what appears to be a move towards socialism. If he said, and meant, that he was an advocate of a market driven economy, and disavowed socialism, the markets would soar. I really believe that. It won’t happen, because it appears that he is in actuality a naive socialist. Socialism is the religion of the envious.
He is shutting down America as we have known it!
You ain’t seen nothing yet.
Down to a new 12 year low and going lower.
S&P 500 index is down 19% since January 1st.
DJIA (Dow Jones Industrial Average) is down 2500 points since Election Day. That’s a drop of 26% in less than four months.
That’s CHANGE, alright!
And who was elected President in 1933?
Nobody.
But a Democrat was elected in 1932.
” And who was elected President in 1933? “
Ummmmm...
“Nobody” was *elected* President in 1933 ?
That was a trick question, right??
Dick Morris (interview w/ the other BO) did a good job of outing the economic illiterate-in-chief last nite when he pointed out that the actual tax increase on the top 5% of taxpayers is gonna be more like 20% than 2%...look for his words of wisdom this weekend (for a change) and you may even find the word illiterate! Prolly had a lot to do w/ today's selloff.
Wrong. The General Consensus is that the stimulus was not big enough, and if only Obama had of gotten his entire $900 billion, we wouldn’t be in this mess.
DJIA-2076 pts lost since Nov. 5. Nearly 23%!
Oh, yeah, he’s the ONE!
Clueless and classless.
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