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 ...
My bank’s stock has dropped by 30% in the last week. Nice work Obama. /s
I haven’t had the nerve to check on mine.......
Only because his administration has been so effective in a very negative sense.
Uhhhh, fiur??
Actually, I am! :-)
Why?
The horrendous events that have happened under Obama's watch guarantee a return to sanity in the 2012 elections. I have no doubt that there will be a clean sweep by Tea Party-endorsed candidates in November 2012. The primaries will be wrapping in less than a year and the disastrous "Recovery Summer 2011" will still be vivid in the electorate's mind. Obama and his like will be turned out of office. I can't wait for the return of Real America!
Well, good luck...
When whatever GOP candidate WINS the marker will go NUTS!!!!!
Got that right. Most of these companies are reporting healthy (if not record) profits. The thing that is driving them down is Obama.
suddenly I have the craving for some ice cream
A colorful photographic album highlighting a taxpayer paid four-year adventure into Never Never Land with Peter Pan who said, “If growing up means it would be beneath my dignity to climb a tree, I’ll never grow up, never grow up, never grow up! Not me!”
Your post is quite frightening because it is absolutely true.
You know what else is being passed off as nothing new is the riots all over the world including Philly and Milwaukee!!!
The world is going to hell and I'm suppose to watch Glee and Lady Gaga...
That montage would make a great television ad. Intersperse between each “partyin’ man” photo a shot of the -634 dow close, a foreclosed home, a manufacturing plant with a closed sign, a chart reading 9% unemployment, a headline about Iran boasting about nukes, a flash mob looting a store...
...then close with something like “are things in America better than they were in 2008?”
Hello Doughty....I just read that the Banks in France own 350 Billion of Italy’s debt...another fear is a run on the banks....which would have an affect on the US.
This whole market is more than wobbling....S.Korean also jumped to his death after loosing much for his clients. This is getting really nasty now....how long do you think this will keep shaking?
As I said long ago, wait for blood in the street (literally)
I’m betting on next Summer.
We're all in a big fat socialist mess right now, aren't we?
First of all, I am not an expert.
My gut tells me this will continue until we get a president and congress that are willing to implement reasoned free market principles, and even then until the mortgage screw-ups by the Left have been fully eradicated.
This is going to take a while.
We have slowed down the process by interrupting the free market. We have slowed it further by moving jobs overseas. We slowed it even further by giving jobs to foreign nationals.
So far, we have done about everything possible to create, complicate, and extend the mess we are in.
Both parties contributed. Both parties are complicit in the failure to address it head on.
I am not convinced this is going to get better by November 2012, and I am not convinced we’re ready to replace Obama with someone who understands what needs to be done, well enough to effectively counter what has taken place.
Well meaning people, are fully capable of making this situation worse, and I have grave concerns regarding some of the people who are being idolized right now.
Listening to Gaga right now....and enjoying the $6 gain on the GLD etf today. I know its not REAL gold, but the money I just moved into my checking account is real money.
Even when Rome was burning, Nero could get you hot chicks.
My stocks have lost 25% of their value in the past couple of weeks. I’m just glad I didn’t put more in the market. I expect things to get better when it gets closer to Palin’s 1st term in office. (thank goodness markets are forward looking!)
Yes we are. Thanks.
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