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Stocks Extend Losses; S&P Closes Below 700 for the First Time Since 1996
Yahoo finance ^
| March 3, 2009
Posted on 03/03/2009 1:57:48 PM PST by Red Steel
Trading was choppy and ended on the down side Tuesday after the previous day's big sell-off. The Standard & Poor's 500 index declined 5 points to 696.33. It last closed below 700 on Oct. 28, 1996, when it finished at 697.26.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; Extended News
KEYWORDS: bho2009; bho44; bhoeconomy; economy; obama
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1
posted on
03/03/2009 1:57:48 PM PST
by
Red Steel
To: Red Steel
Hey Obama: Keep the Change.
2
posted on
03/03/2009 1:58:23 PM PST
by
SlowBoat407
(Obama had to destroy the economy in order to save it.)
To: Red Steel
3
posted on
03/03/2009 2:00:26 PM PST
by
OB1kNOb
(Economists predicting a quick recovery are like the band that continued playing on the Titanic.)
To: SlowBoat407
To: Red Steel
It’s my understanding that 700 was the tipping point. I guess we can expect all hell to break loose now, compared to only half of it.
At what point will even the Dems in Congress take this crap seriously?
5
posted on
03/03/2009 2:02:27 PM PST
by
papasmurf
(Impeach the illegal bastard!)
To: Red Steel
6
posted on
03/03/2009 2:06:06 PM PST
by
Leisler
To: Red Steel
Today's close of the S&P under 700 is quite bearish. Even more amazing, Obama today recommended buying stocks at this level.
Man, talk about a sell signal...
To: Red Steel
Worst Economy Since Obama.
8
posted on
03/03/2009 2:06:58 PM PST
by
Deo volente
(Freedom went out not with a bang, but with a "stimulus".)
To: Anti-Bubba182
9
posted on
03/03/2009 2:10:01 PM PST
by
xcamel
(The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
To: papasmurf
Anyone know what they’re saying at DU?
10
posted on
03/03/2009 2:11:08 PM PST
by
unkus
To: snarks_when_bored
Isn’t that insider trading or some sort of SEC violation?
To: papasmurf; NVDave
"It’s my understanding that 700 was the tipping point. I guess we can expect all hell to break loose now, compared to only half of it."Apparently the S&P 500 is some kind of 'monitor' that I've never followed or paid attention to and know nothing about.
I read where one analyst stated that he would 'head for the hills' if it fell below 740 for two consecutive days...this is the third day below 740 with a close below 700. So...the implication is that things will (ahem) get really bad now.(?)
12
posted on
03/03/2009 2:13:54 PM PST
by
blam
To: WheresMyBailout
Nah, Obama doesn’t own any stocks, nor does he believe in stock markets. Obama believes in government, end of story.
To: unkus
“Anyone know what they’re saying at DU?”
No. My wife used up all of the eye bleach last weekend, so I can’t go and look, either.
14
posted on
03/03/2009 2:16:25 PM PST
by
papasmurf
(Impeach the illegal bastard!)
To: blam
I guess we’ll know when our Dummie friends and neighbors come over to borrow our guns and Bibles.
15
posted on
03/03/2009 2:17:40 PM PST
by
papasmurf
(Impeach the illegal bastard!)
To: papasmurf
16
posted on
03/03/2009 2:21:01 PM PST
by
blam
To: papasmurf
What makes you think that they know how to use either of those items?
17
posted on
03/03/2009 2:22:28 PM PST
by
datura
("Against all enemies, both foreign and domestic")
To: blam
So, if I immediately go to a pr0n site and view hot girls, it’ll be ok?
18
posted on
03/03/2009 2:22:57 PM PST
by
papasmurf
(Impeach the illegal bastard!)
To: papasmurf
LOL
I hate to even look at DU.
19
posted on
03/03/2009 2:23:38 PM PST
by
unkus
To: datura
Oh, they think just having them is all that is necessary.
20
posted on
03/03/2009 2:23:52 PM PST
by
papasmurf
(Impeach the illegal bastard!)
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