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S&P 500's close eyed as index near November lows
Marketwatch.com ^ | 2/27/09 | Kate Gibson

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 ...


TOPICS: Business/Economy
KEYWORDS: bearmarket; bho44; bhobudget; bhoeconomy; investing; obama; stocks
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It's Bush's fault
1 posted on 02/27/2009 1:20:58 PM PST by fightin bronco
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To: fightin bronco
It's Bush's Obama's Fault!

Hail to KING Hussein:-()


2 posted on 02/27/2009 1:22:36 PM PST by geo40xyz (BE PREPARED: Geo The Engineer says its HUSSEIN & the MSM fault for next 4 years:-))
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To: fightin bronco

As long as every day has a new $250 billion or $700 billion program, or a new tax, the market will continue to tank.


3 posted on 02/27/2009 1:23:03 PM PST by Defiant (If they put Bush in prison, it will let us know which one to storm.)
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To: Defiant

Obama will cost us about 10 trillion when all is said and done.


4 posted on 02/27/2009 1:24:54 PM PST by Boardwalk
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To: fightin bronco
And for today's Obama's market watch:

 Dow Down 1.66% Nasdaq Down 0.98%

5 posted on 02/27/2009 1:26:03 PM PST by Red Steel
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To: fightin bronco

Now that is change we all can believe in.


6 posted on 02/27/2009 1:26:19 PM PST by comebacknewt
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To: Boardwalk

The man is an economic illiterate. I am waiting for someone of prestige to clearly and unequivocally share this truth with the American people.


7 posted on 02/27/2009 1:26:22 PM PST by mwl8787
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To: Defiant
Photobucket
8 posted on 02/27/2009 1:26:45 PM PST by TomGuy
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To: fightin bronco

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.


9 posted on 02/27/2009 1:27:16 PM PST by pieceofthepuzzle
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To: fightin bronco

He is shutting down America as we have known it!


10 posted on 02/27/2009 1:27:58 PM PST by AngelesCrestHighway
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To: fightin bronco

You ain’t seen nothing yet.


11 posted on 02/27/2009 1:29:35 PM PST by TASMANIANRED (TAZ:Untamed, Unpredictable, Uninhibited.)
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To: fightin bronco
Well...actually, the Dow is irrelevant! The microscope was on the S&P500, which closed at 735. Read a Dow Jones piece for details. Looks like 740 may now be a ceiling for awhile...That's gonna kill a lot of trees this weekend!
12 posted on 02/27/2009 1:30:22 PM PST by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: Defiant

Down to a new 12 year low and going lower.


13 posted on 02/27/2009 1:30:43 PM PST by Blood of Tyrants (The problem with socialism is that you eventually run out of other people's money. Margret Thatcher)
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To: fightin bronco

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!


14 posted on 02/27/2009 1:30:47 PM PST by Deo volente (Freedom went out not with a bang, but with a "stimulus".)
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To: fightin bronco
...and its second-worst percentage drop since 1933, when it lost 15.6%.

And who was elected President in 1933?

15 posted on 02/27/2009 1:32:00 PM PST by <1/1,000,000th%
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To: <1/1,000,000th%

Nobody.

But a Democrat was elected in 1932.


16 posted on 02/27/2009 1:34:13 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: <1/1,000,000th%

” And who was elected President in 1933? “

Ummmmm...

“Nobody” was *elected* President in 1933 ?

That was a trick question, right??


17 posted on 02/27/2009 1:34:23 PM PST by Uncle Ike (At some point, government has to be the next bubble to burst. (H/T Freeper This_far))
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To: mwl8787
The man is an economic illiterate.

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.

18 posted on 02/27/2009 1:34:34 PM PST by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: Defiant

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.


19 posted on 02/27/2009 1:34:59 PM PST by Boiling Pots (The Gov't trying to fix the economy is like the Three Stooges trying to fix your plumbing)
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To: geo40xyz

DJIA-2076 pts lost since Nov. 5. Nearly 23%!

Oh, yeah, he’s the ONE!

Clueless and classless.


20 posted on 02/27/2009 1:35:20 PM PST by papasmurf (Impeach the illegal bastard!)
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