Skip to comments.Dow Now Off Over 200
Posted on 01/21/2010 9:08:08 AM PST by blam
Dow Now Off Over 200
Jan. 21, 2010, 11:48 AM
It gets worse. The Dow is now off over 200 points.
Financials are bombing.
(Excerpt) Read more at businessinsider.com ...
GW/CC fanatics must be selling big time.
This administration will just blame it all on Scott Brown.
I don’t know what to think now. 0bama says he’s gonna outlaw proprietary trading, which is where the big banks have made most of their money for 2-3 quarters. Except every single word out of this guy’s mouth is a lie. So suddenly, am I supposed to believe he is gonna start telling the truth...?
New unemployment claims were up last week also. I think this is the double dip of the recession.
Everyone I know is spending absolutely nothing beyond what is necessary.
I knew that when winter hit fully, the reality of no progress in any economic sector would become evident.
The good cheer of the holiday season has expired.
Obama declared war on Wall Street today.
The moral of this story: Be careful what you ask for...
So where’s the Scott shott in the arm? I thought business liked gridlock. Is anyone getting lemonade from this lemon?
A liberal friend of mine predicted it last week and moved her monies to bonds.
JPMorganChase and Bank of America at big DOW components that are leading the percentage off statistics on the day that Obama has announced his plan to kill the finacial giants and regulate the finacial industry with a whole new layer of leftist control.
The fundamentals don’t support current equity valuations. It was only a matter of time.
(And, truth be told, this “correction” may or may not be The Big One.)
Dollar’s up though... lucky you, blam, it’s not too late to get in! :-)
Cramer predicted this.
I predicted this a couple of months ago and moved to cash in late nov.
The rally that started about 6-8 months ago was a suckers rally, now it’s time to take the suckers money.
Bingo. Couple that with the jobs report and housing report yesterday. The economy is still very, very weak. While the recession is "technically" over (thanks to massive government spending), we still have a long way to go to get to any semblance of a meaningful recovery.
Can you predict how long it will last this time?
Congratulations, Mr. President.
Oh, say, until about June or July of 2013.
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