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Dow drops another 200 on worries over banks, GM (The Obama Rally)
Yahoo ^
| 3/5/2009
| Yahoo
Posted on 03/05/2009 9:19:19 AM PST by Red in Blue PA
NEW YORK (AP) -- The Dow Jones industrial average dropped another 200 points today on fresh concerns about banks and about General Motors. In midday trading, the Dow is down 219.11, or 3.19 percent, to 6,656.73, a low not seen since April 1997.
he Standard & Poor's 500 index dropped 26.09, or 3.66 percent, to 686.78. The S&P has not traded below this level since October 1996. The Nasdaq composite index fell 42.29, or 3.12 percent, to 1,311.45.
Investors are having another change of heart and are selling stocks once again after a one-day burst of optimism fizzled.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: automakers; bho2009; bhobudget; bhodjia; bhoeconomy; democrats; fail; first100days; generalmotors; gm; gmwelfaremoney; itsdeadjim; liberalsrunamuck; obama; obamaeconomy; obamanomics; obamasdepression; ostrichbrigade; welfareforgm
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Dow now down about 53% from its high!
To: Red in Blue PA
2
posted on
03/05/2009 9:20:20 AM PST
by
Bobalu
(McCain has been proven to be the rino flop I always thought he was.)
To: Red in Blue PA
Attention all investors! Fasten your seat belts and get ready for free fall.
3
posted on
03/05/2009 9:21:08 AM PST
by
txnativegop
(God Bless America! (NRA-Endowment))
To: Red in Blue PA
Heading toward zero- How appropriate!
4
posted on
03/05/2009 9:21:10 AM PST
by
Rockitz
(This isn't rocket science- follow the money and you'll find truth.)
To: Bobalu
Don’t worry, the $100 /pound beef he ate last night made him feel much better about us losing our retirement money.
5
posted on
03/05/2009 9:21:19 AM PST
by
CincyRichieRich
(Keep your head up and keep moving forward!)
To: Bobalu
Nobody dares mention the elephant in the room! (Obama!)
6
posted on
03/05/2009 9:21:23 AM PST
by
Red in Blue PA
(If guns cause crime, then all of mine are defective.)
To: Red in Blue PA
"Freedom's just another word for nothing left to loose Nothing, and that's all that Obama left me, yeah But feeling good was easy Lord when he sang the blues Hey feeling good was good enough for me, hmm-mm Good enough for me and my Obama."
7
posted on
03/05/2009 9:21:50 AM PST
by
Dallas59
("You know the one with the big ears? He might be yours, but he ain't my president.")
To: Red in Blue PA
Only 36% more to go to equal the Great Depression.
I think he’s making a record breaking attempt...
8
posted on
03/05/2009 9:22:10 AM PST
by
null and void
(We are now in day 43 of our national holiday from reality.)
To: Red in Blue PA
Just a gyration. Pay No attention.
9
posted on
03/05/2009 9:22:39 AM PST
by
NavyCanDo
To: null and void
A few more speeches on cap and trade ought to do it.
10
posted on
03/05/2009 9:22:58 AM PST
by
Red in Blue PA
(If guns cause crime, then all of mine are defective.)
To: CincyRichieRich
But Michelle the people are starving!
"Let them eat Cobe"....
BTW that would make a great poster or shirt...
Any photoshoppers out their ?
11
posted on
03/05/2009 9:23:22 AM PST
by
taildragger
(Palin / Mulally 2012)
To: Red in Blue PA
ALREADY started to put money under the matress, 2 months of canned food, batteries, portable radio and my bible ready! Looks like times will get hard, and Obama will finally get what he wants..payback. Not to worry...help is on the way..2012 Calvary Republicans!!! 100% conservative.
12
posted on
03/05/2009 9:23:28 AM PST
by
Texas4ever
(God is Good!)
To: Bobalu
All according to plan. The bigger the crisis these National Socialists can create, the more power over the lives of Americans they can take. Right Rahm?
To: Red in Blue PA
Maybe the DOW should quite worrying about the daily gyrations of Pres. Obama.
14
posted on
03/05/2009 9:24:37 AM PST
by
Sopater
(I'm so sick of atheists shoving their religion in my face.)
To: txnativegop
10-4 captain! Seatbelts fastened and dinky little bag of peanuts secured!
15
posted on
03/05/2009 9:24:53 AM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: LeonardFMason
They do not even appear to be at all concerned about this drop. People will only watch their savings evaporate for so long.....or so I thought.
16
posted on
03/05/2009 9:25:27 AM PST
by
Red in Blue PA
(If guns cause crime, then all of mine are defective.)
To: CincyRichieRich
Everyone please reread Orwell’s Animal Farm this weekend.
17
posted on
03/05/2009 9:25:47 AM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: CincyRichieRich
Don’t worry, the $100 /pound beef he ate last night made him feel much better about us losing our retirement money. Not all is lost, the government will be redistributing your retirement money for the millions of illegals aliens millions of others that have made of living out of collecting government benefits.
They need it more than you.
18
posted on
03/05/2009 9:25:48 AM PST
by
dragnet2
To: CincyRichieRich
19
posted on
03/05/2009 9:26:23 AM PST
by
Bobalu
(McCain has been proven to be the rino flop I always thought he was.)
To: Sopater
The market isn’t “worrying”; rather, it is looking out and discounting the future. (ie. Higher taxes, higher interest rates bc of debt, carbon offsets etc)
20
posted on
03/05/2009 9:26:28 AM PST
by
Red in Blue PA
(If guns cause crime, then all of mine are defective.)
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