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October Tumble!
Drudgereport ^ | 10/1/09 | Drudge

Posted on 10/01/2009 1:22:59 PM PDT by pissant

October tumble


(Excerpt) Read more at drudgereport.com ...


TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: larrysinclairslover; lorifodder; obama; obamanomics; thecomingdepression; wearesodoomed
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Dow Drops Over 200; GE, Comcast Slide

Stocks tumbled Thursday after a disappointing ISM report on manufacturing piled on to worries about the economic recovery.

The Dow Jones Industrial Average lost more than 200 points, or 2.1 percent — it's worst decline since July 2, which was before the summer rally began. The S&P 500 fell 2.4 percent and the Nasdaq dropped 3.1 percent.

1 posted on 10/01/2009 1:23:00 PM PDT by pissant
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To: pissant

October and Obama both start with “O”. Coincidence?


2 posted on 10/01/2009 1:25:48 PM PDT by UnbelievingScumOnTheOtherSide (Give Them Liberty Or Give Them Death! - IT'S ISLAM, STUPID! - Islam Delenda Est! - Rumble thee forth)
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To: pissant
piled on to worries about the economic recovery

But, Joe Biden said that "never in my wildest dreams did I think the stimulus would work so well"

This story must be false.

3 posted on 10/01/2009 1:26:13 PM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: pissant

I don’t know why, but it often seems like October is one of the worst months for the market.


4 posted on 10/01/2009 1:26:33 PM PDT by jpl
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To: UnbelievingScumOnTheOtherSide

Barack and Bolshevik start with B as well.


5 posted on 10/01/2009 1:26:45 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: pissant
You ain't seen nothing yet.
6 posted on 10/01/2009 1:26:57 PM PDT by E. Pluribus Unum (Ask not what the Kennedys can do for you, but what you can do for the Kennedys.)
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To: pissant

Black October


7 posted on 10/01/2009 1:26:59 PM PDT by kabar
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To: pissant
Enzio von Pfeil, CEO of EconomicClock.com told CNBC the Global stock markets could crash in October as the much hoped-for economic recovery fails to materialize he explains in the video below... That was from August here comes the October crash!
8 posted on 10/01/2009 1:27:18 PM PDT by FromLori (FromLori)
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To: E. Pluribus Unum
"You ain't seen nothing yet. "

Yup.

Wait till 'Joe Average' recognizes that he's been had again...

9 posted on 10/01/2009 1:29:02 PM PDT by blam
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To: pissant

You forgot to mention ‘UNEXPECTED’!


10 posted on 10/01/2009 1:29:38 PM PDT by traumer
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To: pissant

According to the MSM the good news is it’s above the 8,000 mark of a few months ago ....meaning, sure it’s down but it’s up ...


11 posted on 10/01/2009 1:29:49 PM PDT by SkyDancer ('Those who hammer their guns into plows will plow for those who do not..' ~ Thomas Jefferson)
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To: pissant
It's barely even started.

The US dollar world, along with everything it created and sustained, goes bye byes starting this month.

Goodbye Debtworld, hello Calorie Kingdom.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

12 posted on 10/01/2009 1:30:05 PM PDT by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: pissant
"DOW JONES A RACIST!"

13 posted on 10/01/2009 1:31:29 PM PDT by evets (beer)
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To: blam

Joe Average may not EVER recognize reality as long as he continues to watch and listen to the ABCDEFG networks, who continue to disguise the truth and mislead the masses of “average Joes”.


14 posted on 10/01/2009 1:31:45 PM PDT by Canedawg (FUBO)
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To: The Comedian

Making all that more imperative that the crypto-muzzie communist pretending to be POTUS is removed from office.


15 posted on 10/01/2009 1:31:56 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: jpl
Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time.

The Stock Market Crash of 1929, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and duration of its fallout.

Four phrases—Black Thursday, Black Friday, then Black Monday, and Black Tuesday—are commonly used to describe this collapse of stock values. All four are appropriate, for the crash was not a one-day affair. The initial crash occurred on Thursday, October 24, 1929, but the catastrophic downturn of Monday, October 28 and Tuesday, October 29 precipitated widespread alarm and the onset of an unprecedented and long-lasting economic depression for the United States and the world. This stock market collapse continued for a month.

“ Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even."

16 posted on 10/01/2009 1:33:43 PM PDT by kabar
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To: kabar
Black October

You know, of course, that you'll be accused of being racist.

17 posted on 10/01/2009 1:34:17 PM PDT by The Sons of Liberty (FUBO - When 0bama Fails, Freedom Prevails!)
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To: blam
Wait till 'Joe Average' recognizes that he's been had again...

If "average joe" was bone stupid to actually believe "green shoots" Obama, then he deserves to be had!

18 posted on 10/01/2009 1:34:28 PM PDT by Obadiah (Obama: Chains you can believe in!)
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To: The Sons of Liberty

LOL. I didn’t think of that. Good catch.


19 posted on 10/01/2009 1:35:36 PM PDT by kabar
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To: pissant
Don't worry, tomorrow will show unemployment levels at 9.9% when they expected it to be 10.0% and that will be hailed as great news, and how the Obamamessiah saved us and the stock market will jump 200 points

Sad part is, it's hard to tell if this is sarcasm or not

20 posted on 10/01/2009 1:36:08 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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