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Nightmare on Wall Street: Dow Plunges 513
Fox Business ^
| 8/4/11
| Adam Samson
Posted on 08/04/2011 1:38:29 PM PDT by Nachum
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Today's drop of 513 points would rank it as the 9th worst day in 20 years.
1
posted on
08/04/2011 1:38:37 PM PDT
by
Nachum
To: Nachum
Turns out, the markets weren’t worried about the end of borrowing. They were worried about the endless borrowing.
2
posted on
08/04/2011 1:40:02 PM PDT
by
ziravan
(Are you better off now than you were 9.4 Trillion Dollars ago?)
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
3
posted on
08/04/2011 1:40:07 PM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: Nachum
Happy Birthday, Obama.
Thanks for this gift you have given America.
4
posted on
08/04/2011 1:41:45 PM PDT
by
Palladin
(Sarah Palin in 2012!)
To: Nachum
The numbers being reported are all over the board.
I don’t trust a single one of them sunnsabitches.
5
posted on
08/04/2011 1:43:18 PM PDT
by
djf
(One of the few FReepers who NEVER clicked the "dead weasel" thread!! But may not last much longer...)
To: Nachum
In the last 3 trading days almost 50% of the stock gains of the past year were erased.
It’s going to be REALLY interesting what happens, tomorrow.
6
posted on
08/04/2011 1:43:18 PM PDT
by
gaijin
To: Nachum
A lot of fortunes wiped out today. Happy Birthday Obama.
7
posted on
08/04/2011 1:44:14 PM PDT
by
NavyCanDo
To: Nachum
Note to self:
Don’t own stocks when President is a communist.
To: ziravan
Are you sure they aren’t just depressed that Obama turned fifty?
9
posted on
08/04/2011 1:45:22 PM PDT
by
brytlea
(Someone the other day said I'm not a nice person. How did they know?)
To: Nachum
10
posted on
08/04/2011 1:45:36 PM PDT
by
DeoVindiceSicSemperTyrannis
(Want to make $$$? It's easy! Use FR as a platform to pimp your blog for hits!!!)
To: Nachum
There goes the old 401(k). Looks like I’m going to have to work until I keel over at my desk.
11
posted on
08/04/2011 1:46:07 PM PDT
by
pgkdan
(Time for a Cain Mutiny!)
To: Nachum
12
posted on
08/04/2011 1:47:16 PM PDT
by
DeoVindiceSicSemperTyrannis
(Want to make $$$? It's easy! Use FR as a platform to pimp your blog for hits!!!)
To: pgkdan
Looks like Im going to have to work until I keel over at my desk. I would be happy to have that kind of job security.
:-)
13
posted on
08/04/2011 1:48:03 PM PDT
by
SIDENET
("If that's your best, your best won't do." -Dee Snider)
To: Mr. Peabody
14
posted on
08/04/2011 1:50:18 PM PDT
by
kinsman redeemer
(The real enemy seeks to devour what is good.)
To: Nachum
First of all, that is only the DOW 30 Industrials for the 513 point drop. Second, what matters is the percentage drop, not the point drop.
All of this is political maneuvering for power grabs and is designed to scare the "little people" into panicking and demanding dramatic, often unwise action. It will probably succeed.
This market is NOT being moved by small investors AT ALL. Almost all of them are on the sidelines. The market now ONLY moves through trades by VERY large players who have an agenda. They are not afraid of what government or anyone else is doing. They merely move the market to get someone's attention (i.e. Either do as we say or we'll create riots for you to deal with). It's really pretty simple.
15
posted on
08/04/2011 1:51:34 PM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: Nachum
16
posted on
08/04/2011 1:51:52 PM PDT
by
South40
(Liberalism is a disease)
To: gaijin
Its going to be REALLY interesting what happens, tomorrow.It's pretty obvious the markets don't like the debt-ceiling result. I think Geithner indicating he's staying is another negative. Perhaps the rumor that Obama and Bernanke think they're "out of bullets" is also a bit disconcerting.
I'm not betting the farm, but I'm a buyer right now, I think the market will rise in the near term.
The private sector is very, very resilient, and though this guy has pummelled us at every turn, we've hitched up our belts and gone to work for the most part. Corporate profits are up, and some will wake up tomorrow and realize that crude just went down five percent today too.
To: Nachum
“Light, sweet crude plunged $5.30, or 5.8%, to $86.63 a barrel. Wholesale RBOB gasoline slumped 19 cents, or 6.6%, to $2.74 a gallon. “
Every cloud has a silver lining, I suppose.
Obama - the Economy Killer.
Those figures are no pomegranates, right Harry Reid?????
18
posted on
08/04/2011 1:53:06 PM PDT
by
ZULU
(McConnell and Boehner are the Judas and Ephialtes of the 21st Century)
To: Nachum
They will start whispering about another Fed bailout-that will spark the market up.
This market was way overvalued and this correction had to come.
Do people think the market is only suppose to go up?
19
posted on
08/04/2011 1:53:49 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: MeneMeneTekelUpharsin
20
posted on
08/04/2011 1:55:07 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
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