Dow Ends Down 220, Largest Three Day Drop Since March '09

The Business Insider ^ | 1-22-2010 | Vince Veneziani

[blam]

Dow Ends Down 220, Largest Three Day Drop Since March '09

Vince Veneziani
Jan. 22, 2010, 4:01 PM

Thank God the market was open for only four days this week.

The Dow took an extreme beating, ending the week down over 4% at 10155 points.

NASDAQ: Not much better. Down 3.6% for the week with the S&P down 3.75%.

Commodities suffered the same fate as equities. Down, down, and down.

Oil: Down 2.4% to $74.27 a barrel.

Gold: Down 1% to $1092/ounce.

Silver: Down 3% to $17/ounce.

It's tough to be a bull today.

[Da Coyote]

Think of the Kenyan Klod at the controls of an F-22.

Now, think of him at the controls of the economy.

El spazmo at both tasks!!

[taillightchaser]

Thank you O glorious leader for your assault on our banks.

[Gaffer]

Your mistake is in believing that he actually gives a shit about the economy. He does not....except only to the extent that its malaise and the effect is has on potential voters for him.

When surrounded? Obama's answer is ATTACK....attack the banks - give the sheeps something to hate....they (the ones that vote for him really don't have any concept of the market and what affects it).

If his numbers goes up, he could give a shit what happens to the market, period.

[Dubya-M-Dees]

See my tagline..

[The Comedian]

It's almost as if these capitalists respond negatively to negative reinforcement. Amazing.

We must study this phenomena in more depth.

Begin raising taxes on entrepreneurs, and see if they irrationally start avoiding more work.

I'll be in the Obamalab vivisecting infants.

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

[broken_arrow1]

When Obama speaks, people listen...

[blam]

Economic Crash And Crumble 2010

[Christian4Bush]

Talk show host Monica Crowley had the best line about this, around January of last year:

“When the ‘Bama speaks...the market tanks.”