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Dow Now Off Over 200
The Business Insider ^ | 1-21-2010 | Joe Weisenthal

Posted on 01/21/2010 9:08:08 AM PST by blam

Dow Now Off Over 200

Joe Weisenthal
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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: djia; investing; markets; stocks
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1 posted on 01/21/2010 9:08:09 AM PST by blam
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To: blam

GW/CC fanatics must be selling big time.


2 posted on 01/21/2010 9:09:26 AM PST by Marty62 (former Marty60)
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To: blam

This administration will just blame it all on Scott Brown.


3 posted on 01/21/2010 9:09:49 AM PST by al_c (http://www.blowoutcongress.com)
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To: blam

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...?


4 posted on 01/21/2010 9:12:06 AM PST by Attention Surplus Disorder (Voters who thought their ship came in with 0bama are on their own Titanic.)
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To: blam

5 posted on 01/21/2010 9:12:39 AM PST by NMEwithin
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To: blam

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.


6 posted on 01/21/2010 9:13:55 AM PST by o_zarkman44 (Obama is the ultimate LIE!)
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To: blam
Photobucket

A very anemic attempt at a recovery at the moment, but I think it drops further. Or is it farther?
7 posted on 01/21/2010 9:16:24 AM PST by ZX12R
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To: blam

Obama declared war on Wall Street today.

The moral of this story: Be careful what you ask for...


8 posted on 01/21/2010 9:17:44 AM PST by Rutles4Ever (Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
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To: blam

So where’s the Scott shott in the arm? I thought business liked gridlock. Is anyone getting lemonade from this lemon?


9 posted on 01/21/2010 9:18:31 AM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: al_c

A liberal friend of mine predicted it last week and moved her monies to bonds.


10 posted on 01/21/2010 9:19:46 AM PST by sarasota
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To: blam

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.


11 posted on 01/21/2010 9:22:03 AM PST by KC Burke (...but He has made the trains run on time.)
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To: blam

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! :-)


12 posted on 01/21/2010 9:22:45 AM PST by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: blam

Cramer predicted this.

/s


13 posted on 01/21/2010 9:22:50 AM PST by ButThreeLeftsDo (I Upped My Monthly Donation To FR....Now, Up Yours.....)
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To: blam

14 posted on 01/21/2010 9:22:52 AM PST by Diogenesis ("Those who go below the surface do so at their peril" - Oscar Wilde)
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To: sarasota

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.


15 posted on 01/21/2010 9:25:02 AM PST by jpsb
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To: Rutles4Ever
Obama declared war on Wall Street today.

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.

16 posted on 01/21/2010 9:26:41 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: blam
In that pic, the furthest guy on the left, Is that George Bush?
17 posted on 01/21/2010 9:26:48 AM PST 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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To: jpsb

Can you predict how long it will last this time?


18 posted on 01/21/2010 9:27:02 AM PST by sarasota
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To: blam

Congratulations, Mr. President.


19 posted on 01/21/2010 9:30:49 AM PST by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: sarasota

Oh, say, until about June or July of 2013.


20 posted on 01/21/2010 9:31:43 AM PST by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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