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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
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.)
To: Red Steel
And the Zero Rally™ continues.
3
posted on
03/06/2009 12:20:27 PM PST
by
Yo-Yo
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?)
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.")
To: Diana in Wisconsin
6
posted on
03/06/2009 12:25:56 PM PST
by
wordsofearnest
(Job 19:25 As for me, I know my Redeemer lives.)
To: Red Steel
7
posted on
03/06/2009 12:27:33 PM PST
by
vets son
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)
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.)
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!)
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.)
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
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.)
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?.
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)
To: ex 98C MI Dude
NASDAQ looks like a loss though...
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.)
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!!!)
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
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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