Posted on 08/10/2011 1:29:28 PM PDT by tcrlaf
Stocks finished near session lows in choppy trading Wednesday, with the Dow and S&P wiping out all of the previous session's gains led by financials, as investors continued to cautiously monitor developments in the European banks.
The Dow Jones Industrial Average finished down over 500 points, wiping out the previous session's 429-point rally. The blue-chip index has had triple-digit moves in four of the last five trading days.
The S&P 500 and Nasdaq also finished sharply lower. The CBOE Volatility Index, widely considered the best gauge of fear in the market, soared more than 25 percent.
(Excerpt) Read more at cnbc.com ...
The PPT did a bump at the close yesterday, but they couldn’t hold it. <<
My thoughts as well....Ive been watching the quick spikes up when they step in for more then a year now....I need to learn more about “exactly” how they do it..I know futures are involved and there are huge spikes that happen out of the blue..
Obama: OK now, lets. say, ah, the economy is like a snowball, see and uh it’s green like money, and the Republicans are like hoarding it in some richman’s deep freeze, maybe in his uh corporate jet so to get it back in the economy where single moms and autoworkers can get a lick at I gotta find that snowball and uh, lick it. Right?
Ugh. He must have learned his table manners in Kenya.
Note to self: Pick up some Wells Fargo stock in the morning. It’s heavily undervalues on the Graham scale.
What’s he wearing around his right wrist, btw?
[ Meanwhile, Hussein is FOCUSED LIKE A LASER BEAM on his Iftar Ramadan Dinner tonite.... ]
And he is probably going to be very hungry after not having any food for like 12 hours or so.....
Is everybody enjoying their Recovery Summer?
I made a “green shoot” salad in honor of the event!!!
Good tip.
I had the same feeling you did.
Figured the “normal” cycle of economic activity would bail him out.
But their policies were SO BAD that they have overcome the “normal” cycle.
At this point we have none. We have a bunch of politicians interested in their own personal perks, power and priveleges but no real leaders. we need to change that soon!
TEA partiers dood it with their divisive, partisan rhetoric.
Thinking anything is possible is not necessarily a good thing. The problem is that Obama thinks socialism is possible.
Still going on vacation...
Carney Defends Obama Vacay To Martha’s Vineyard; “No Such Thing As A Presidential Vacation”
White House press secretary Jay Carney defends President Obama’s upcoming 10 day trip to Martha’s Vineyard. Carney is asked why the President is taking such a vacation when he constantly says he “will not rest” until the jobs issue is resolved. Here is the exchange:
Jake Tapper, ABC News: “You said the President will not rest until the joblessness and the economy are worked out, but the President is obviously going on vacation. But I was wondering, Is there any concern — I understand that it takes two to tango in Washington. We went over that the other day. You need the Congress to be in Washington. We went over that the other day about whether or not you guys should call Congress to come back. Is there any concern about the impression that the President going to Martha’s Vineyard for 9 or 10 days might leave on the American people? And also, if this is such an important issue for Speaker Boehner, for Harry Reid, for President Obama, why the R&R?”
It's the new wearable teleprompter.
When Baraq can't use the big one, he goes miniature.
Excellent point.
And to that Paul Krugman, Diane Sawyer, Chrissy Matthews and the like will say “Isn’t that the most brilliant analogy? He’s going to fix everything!” Then they would have breaking news to announce that Michelle Bachmann placed a stamp kind of crooked on a letter she mailed.
Already the left is spinning this as a sinister Republican plot. The line is that S&P is owned by McGraw Hill, and one of the executives of McGraw Hill was a major GWB donor (Stephanie Miller Show, 09AUG2011).
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