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Steep Sell-Off Continues; Dow Below 6500; S&P, Nasdaq Down 2%
Yahoo finance ^ | March 6, 2009

Posted on 03/06/2009 12:18:43 PM PST by Red Steel

Stocks fell to further 12-year lows on Friday as a bearish brokerage view on Apple Inc prompted a sell-off in technology shares and overhanging fears about the banking system's future weighed. A 6 percent slide in Apple shares helped drag the Nasdaq to a 6-year intraday low, while the broad S&P 500 was on track for its worst week since October.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Extended News
KEYWORDS: bho44; bhodjia; obama; obamarally; ppt; pptinaction; zeronomics
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1 posted on 03/06/2009 12:18:43 PM PST by Red Steel
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To: Red Steel
Just another day at the blood bath!
2 posted on 03/06/2009 12:20:22 PM PST by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Red Steel
And the Zero Rally™ continues.
3 posted on 03/06/2009 12:20:27 PM PST by Yo-Yo
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To: Red Steel

Where are we going and what’s with the handbasket?


4 posted on 03/06/2009 12:23:33 PM PST by BipolarBob (When do we call Obama "Dear Leader" and learn the new salute?)
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To: Red Steel

What does Brad Pitt have to say about this?


5 posted on 03/06/2009 12:25:17 PM PST by Dallas59 ("You know the one with the big ears? He might be yours, but he ain't my president.")
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To: Diana in Wisconsin

Who is buying?


6 posted on 03/06/2009 12:25:56 PM PST by wordsofearnest (Job 19:25 As for me, I know my Redeemer lives.)
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To: Red Steel

4500 - here we come.


7 posted on 03/06/2009 12:27:33 PM PST by vets son
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To: Red Steel

Ummm...did you know Rush Limbaugh is the head of the GOP? </BHO>


8 posted on 03/06/2009 12:27:49 PM PST by PogySailor (We're so screwed.....welcome to the American Oligarchy)
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To: Red Steel

We are nearing the end of the day’s trading and the market keeps setting new low, this is Friday. I am no technician but if the market closes at or near the new low today I think that is VERY BAD juju for Monday’s opening.


9 posted on 03/06/2009 12:30:27 PM PST by RipSawyer (Change has come to America and all hope is gone.)
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To: Red Steel

"The dreadful policy proposals will continue until the market rallies."

10 posted on 03/06/2009 12:31:17 PM PST by sourcery (Obama Lied. The Economy Died!)
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To: wordsofearnest

I’m buying.

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ammo, that is.


11 posted on 03/06/2009 12:31:22 PM PST by Red in Blue PA (If guns cause crime, then all of mine are defective.)
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To: Red Steel

this is more of a nightmare than I had imagined, and I was scared ___less about this President.

The idiot announced massive new taxes in the middle of a severe downturn. The ONLY conclusion is that he is tanking it on purpose to build a massive socialist utopia. There is not other conclusion. I can’t believe I am longing for the days of Bill Clinton right now.


12 posted on 03/06/2009 12:32:03 PM PST by ilgipper
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To: ilgipper

People will do strange things when they or their family is hungry. I don’t think O’s and Nancy’s “marxist” government will survive more than 30 days.


13 posted on 03/06/2009 12:39:29 PM PST by Terry Mross (I Hate All Politicians, Republicans Included.)
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To: Red Steel
Of course these aren't inflation adjusted figures so we're comparing 19xx dollars to 2009.

Actual drop is much steeper but then the sheep aren't supposed to notice the erosion of paper money's value are we?.

14 posted on 03/06/2009 12:46:54 PM PST by ninonitti
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To: Red Steel

Its FDIC Friday. Massive stock losses vanish in minutes at the end of such a day. And voila! DOW is green.


15 posted on 03/06/2009 12:57:55 PM PST by ex 98C MI Dude (All of my hate cannot be found, I will not be drowned by your constant scheming)
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To: ex 98C MI Dude

NASDAQ looks like a loss though...


16 posted on 03/06/2009 1:00:07 PM PST by Red Steel
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To: ex 98C MI Dude

DOW gains 150 points on 30 minutes? He types with one eyebrow raised .......PPT?


17 posted on 03/06/2009 1:02:14 PM PST by central_va (Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
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To: Terry Mross

Hmmm time to start digging the back yard and planting a veggie garden, like they did those Victory Gardens during WW2.


18 posted on 03/06/2009 1:13:12 PM PST by GailA ( Valor Quilts for our wounded Troops....I'm a quilt-aholic!!!)
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To: central_va

LOL! I think the PPT took their money and ran months ago. Do you really believe there is a plunge protection team after what we have witnessed in the market?


19 posted on 03/06/2009 1:13:44 PM PST by GnL
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To: GnL
LOL! I think the PPT took their money and ran months ago. Do you really believe there is a plunge protection team after what we have witnessed in the market?

I just don't know. The downs look "normal" but the upswings look real "funny"......

Of course the MSM would never look into that...

20 posted on 03/06/2009 1:17:38 PM PST by central_va (Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
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