Posted on 08/02/2011 2:35:56 PM PDT by John W
NEW YORK (CNNMoney) -- U.S. stocks plunged on Tuesday as fears about a weak U.S. economy were enflamed after investors got another disappointing economic report - this time on consumer spending.
The selloff was so broad and so deep it pushed the S&P 500 into negative territory for the year and bond yields to their lowest levels in nine months.
(Excerpt) Read more at money.cnn.com ...
Are the Washington twits still worried about Asian stock markets?
Now it is at 11,866.62
And that something is Sarah Palin! When (not if) she sweeps into the presidency, it will be a fresh start for a new "Morning in America".
In a Palin administration, the socialists and their RINO enablers will be a thing of the past. I'm counting the days until January 2013 when American Exceptionalism is again restored.
Brass and lead in easy to store form is the most valuable precious metal in today’s world.
LLS
And they aren’t even very good conductors... ; )
And we all know it’s....Bush’s fault.
I wish it was Obama's attempt to qualify the deal, but I suspect it is guidance to the super committee. Agree to tax increases or face the consequences of crippling defense cuts and social program cuts that will be blamed on the GOP and the Democrat shock troops will assure will erupt into violence.
Not much silver & gold, but I've got a pretty good sized collection of bar coasters.
I work with jewelry sales and I can say there’s been a drop for the average consumer. When they see the price for a gold anything they cringe. When we have good sales, especially when clearance is discounted further for a few days...we get several “buyers” who re-sell it.
I’ve also noted the gold pieces we get are much lighter in weight...and so has the customers. Gold chains are much thinner in order to keep the price down.
Nothing to do with the debt scam, of course. The markets don’t care one iota that Congress voted to continue massive deficit spending with no real cuts of any kind and the prospect of tax increases later this fall. Move along, nothing to see here. :p
Oh my gosh...I just had a tango with an Obamonite this afternoon...the first thing out of his mouth was it's Bush's fault...I couldn't believe there are still people pushing that. He got really irritated as I presented the "numbers"....of course he couldn't give any...except to say.. "I know about these things". hahahaha So if he does know why is he defending Obama? Cause they are all so completely Obamanized...that's why. You simply cannot reason with a progressive, liberal, spread the wealth around Obamanite!
I suggest we go the whole hog and confiscate all the earnings from everyone who works. Then we redistribute all the monies to everyone, equally (after the leadership takes their lion's share.) Since nobody would want to work, we make it illegal to not work.
I just hope USSR won't go after us with copyright claims - that's exactly how they operated from 1917 to 1990. Worked wonders for them, isn't that right?
Oh, no no no, 5% keep most of it and THEN distribute the crumb's of what is left equally to all others.
Yeah really. It's a good thing Boner and McConnell started caving before the Asian markets opened on Monday.
Of course OUR markets took a dive on Tuesday, but they must have taking that into account - being market experts and all.
My tax-free municipal bonds have been going up.
LLS
The insulated keep smiling, yet there is not going to be adequate private support this time, for market invested give-away government retirements, and govt. dependent contractors. The market is diluted due to govt. give-away market retirements.
Hence, the theft deal.
World markets opening all down - some down 1-2% right off the bat.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.