Posted on 01/22/2010 1:26:32 PM PST by Sub-Driver
Dow in 5.2% Three-Day Slide
By PETER A. MCKAY And DONNA KARDOS YESALAVICH
Stocks suffered a third straight day of steep losses Friday, led by technology shares, which suffered from analyst downgrades and sky-high earnings expectations.
The selling picked up in the afternoon as fears swirled regarding the possibility that Ben Bernanke might not get confirmed to a second term as Fed chairman.
The Dow Jones Industrial Average slid 216.90, or 2.1%, to 10172.98, off 5.2% over its three-day slide. For the week, the Dow was off 4.1%.
(Excerpt) Read more at online.wsj.com ...
Monday Monday.......
Double Dip?
A crash is supposed to be headed our way. Maybe this is the beginning.
Spam, sardines and rice.
We’ve had Black Mondays and a black every other day of week, except Wednesday, We never had a Black Wednesday, so we are due.
1/27 could be it, and boy would a crash put a real damper on Obama’s State of the Union speech that night.
Scott Brown upsets his agenda, so he comes out the next morning and threatens the banks with burdensome oversite and taxes.
So who was it that threw the temper tantrum?
"Banking establishments are more dangerous than standing armies."
- Thomas Jefferson
He’s pissed at the average American after they elected Brown. Now he says: “I’ll show them!” as he destroys what’s left of everyones pension and retirement accounts....
While I can’t claim to know the minds of Wall Streeters, were I in their shoes, I’d look at how Obama has just proposed to do banking regulation and crap my drawers.
Towit, Obama is going to announce a new policy priority, not submit a legislative framework or blueprint and he’s going to leave it up to Congress to fill in the blanks.
That’s exactly what happened with “healthcare.” And look at what we got: a plan that no one likes.
Obama doesn’t know how to make legislative policy. He leaves far too much important detail up to Congress, while giving soaring speeches about stuff that isn’t reflected in the legislation.
Yep. That’s my take on it as well. Intentional and purposeful.
I can see the MSM spin on this... “Since Brown was elected, Americans fear the future of this country and are pulling money out of the market...”
Hussein says “Profits to earning ratios are bad... get out..”
No he's not. He's not angry with us, he just hates us as he always has.
What you wrote makes sense, I would add the uncertainty with the increasing new unemployment claims and Bernanke’s appointment also contributed to this decline. Let’s see what happens next week. I think we are a bit early for the “big crash” many are expecting...but who knows.
Double Dip, shaped like a Giant “W”
He made fun of Scott Brown’s “old” truck. Our cars are all a lot older than that truck! It is a 2005. My Caddy is a 1996.
He is still blaming Bush. I wonder if he will still be doing that fifty years from now, in the nursing home, blaming Bush....
The problem for the country is that Obama is, in effect, preventing my kind from hiring anyone else for a few years, and that means that for the next couple years there'll be a lot of good people who won't be fine.
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