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Stocks Drop 4%, Dow Skids 500, Led by Banks
CNBC ^
| 8-10-11
| Jeeyoen Park
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 ...
TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: 0officers; 0planners; 0socialists; 0teachers; barackalypsenow; bhoeconomy; bhofascism; democrats; markets; nobama2012; obama; obamadepression; obamageddon; obamanomics; stock; stockmarket; stocks
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To: US Navy Vet
The runup will start long before then. As soon as the majority of the reliable polls indicate a GOP win, the smart money will already be in. It will not be too late for you, but you will miss largest portion of the runup
61
posted on
08/10/2011 3:12:27 PM PDT
by
Buffalo Head
(Illigitimi non carborundum)
To: pgkdan
That was last summer fool. We are in rerecovery summer now.
I bet you never thought it could get better than this.
To: tcrlaf
63
posted on
08/10/2011 3:17:42 PM PDT
by
Tzimisce
(Never forget that the American Revolution began when the British tried to disarm the colonists.)
To: DoughtyOne
64
posted on
08/10/2011 3:20:36 PM PDT
by
caww
To: caww
Was it stocks related? Sorry to hear about it at any rate.
65
posted on
08/10/2011 3:40:53 PM PDT
by
DoughtyOne
(The Destroyer is anti-US, the West, Christian, Israel, banks, W.S., Corps, & the free enterpr systm.)
To: Vermont Lt
Even when Rome was burning, Nero could get you hot chicks. Well America is burning and our Nero is MIA, probably for the best.
66
posted on
08/10/2011 3:46:40 PM PDT
by
Dengar01
("Liberalism is a Mental Disorder" - Dr. Michael Savage)
To: Vermont Lt
Even when Rome was burning, Nero could get you hot chicks.I think our 'Nero' is into guys....
67
posted on
08/10/2011 3:49:08 PM PDT
by
airborne
(Paratroopers! Good to the last drop!)
To: tcrlaf
I stopped in the coin shop and bought more silver coins today, maybe I should have doubled my order.
68
posted on
08/10/2011 3:50:24 PM PDT
by
razorback-bert
(Some days it's not worth chewing through the straps.)
To: crosshairs
Hopefully soon, shackles, That would be nice...
69
posted on
08/10/2011 3:52:13 PM PDT
by
livius
To: Tzimisce
70
posted on
08/10/2011 3:59:19 PM PDT
by
Chode
(American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
To: airborne
More chicks for usvthen.
Obviously I am trying to put a good spin on it. But my point is that a blind man could have seen this coming.
71
posted on
08/10/2011 4:01:35 PM PDT
by
Vermont Lt
(George Lopez is the black hole of funny. Nothing funny can escape his suck.)
To: Vermont Lt
More chicks for us thenTake yer pick!
72
posted on
08/10/2011 4:07:47 PM PDT
by
airborne
(Paratroopers! Good to the last drop!)
To: tcrlaf
The Market will be right back tomorrow, drawing in more suckers.
73
posted on
08/10/2011 5:23:09 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: US Navy Vet
You mean the sixth of November 2012. I don’t want you to show up at the polls or buy stock three days late.
74
posted on
08/10/2011 6:13:57 PM PDT
by
dmartin
(Not the 'Change' you were 'Hoping' for?)
To: GonzoGOP
The market is in full capitulation mode. I don't know about that. The dippers are eager and ready. DJIA futures up 84 as I write. As someone else said, draw in more suckers.
75
posted on
08/10/2011 6:22:05 PM PDT
by
steve86
(Acerbic by nature, not nurture (Could be worst in 40 years))
To: ConservativeDude
Obviously if the Tea Party had let taxes go up, none of this would be happening. Those durn Tea Party terrorist hobbits. If only we could have doubled the taxes on everyone making $75,000 or more the markets would have gone up 1,000 points.
The sad thing is, CD, in the bizarro world of the intellectually challenged liberal many of them actually believe that is the case.
To: tcrlaf
Gold flirts with $1,800.00/oz today. Mama like! :)
Keep it up, 0bama! I’ll be wealthier then YOU when you’re done f*cking us over. Fool. :)
77
posted on
08/10/2011 9:23:09 PM PDT
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: airborne
That does it! I want my 17 year old body back! I didn’t make NEARLY as much cash off of it as I could have way back when, LOL!
78
posted on
08/10/2011 9:28:04 PM PDT
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: Artemis Webb
How very wrong I was.You are not wrong. Well, maybe your reason was wrong. 0bama will be tough to beat considering all of the dirty things the Dems can and will do to steal the election. They'll not go down easily.
79
posted on
08/10/2011 11:17:50 PM PDT
by
foxfield
(Sarah Palin, America's "girl next door".)
To: LostInBayport
Man, he sure looks rugged, don’t he? That wrist and hand look to be the equal of almost any eight year old girl. I can’t believe some female reporter put out an absurd column about seeing him in the gym slowly curling seventy pound dumbbells, from the looks of him he probably couldn’t slowly curl SEVEN pound dumbbells. By the way the “first black president” looks like a relatively light skinned and sickly Arab in that picture.
80
posted on
08/11/2011 4:28:29 AM PDT
by
RipSawyer
(Trying to reason with a liberal is like teaching algebra to a tomcat.)
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