No kidding! Wonder if it had anything to do with the Presidents attempt to qualify the debt deal - ie. more taxes (balances approach)... Hmmm, seems like whenever he opens his mouth, stocks fall...
My guess is that it did.
It had not been good all day, but shortly after that jerk opened his mouth it dropped over 100 more points.
I hate Obama and wish him the very worst.
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.
In part, the budget deal is to blame... however, here is worse. China and Russia KNOW that this thing is designed to tank us. So, now they are pulling the carpet rug from under us, and that is the more salient point.
Companies invested over there under the support of RINOs and Democrates are getting the shaft now that China is starting lock up the companies and divest.
Huge losses ahead. Watch the election fuss go on and something foreign, enemy, along with betrayers here, go kaboom at the same time.