Wall Street slumps; Dow slides below 11,000

AP via MSNBC ^ | September 9, 2011 | AP

[John W]

NEW YORK — The problems that weighed down stocks all summer show no sign of letting up.

U.S. stocks plunged Friday, erasing the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed President Barack Obama's plan to revive the U.S. job market.

[KansasGirl]

[overshadowed President Barack Obama’s plan to revive the U.S. job market.]

Or perhaps, now brace for this bit of logic MSM so it doesn’t go over your head, it is because investors know Obama’s “jobs plan” is just more of the same FAILED policies.

[the invisib1e hand]

‘ll be a busy weekend in the whorehouses of Brussels.

[lbryce]

We’re headlong into the abyss, merely only gaining speed, going faster and faster into the unknown, the bottom of which as yet to be perceived.

[fantom]

That's right. Every time this blowhard reads on TV the market takes a hit. Good thing these stock pimps and portfolio hustlers have something new to blame it on.

[Lazlo in PA]

I am sure the Regime will be blanketing the Sunday shows telling everyone that everything is great thanks to them.

[fhayek]

U.S. stocks plunged Friday, erasing the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed President Barack Obama's plan to revive the U.S. job market.

What an odd first sentence. Its as though they want to hit you over with a sledgehammer before you associate the stock drop with Obama's speech. I have always had a problem with the press giving us the 'reasons' for a given day's stock move. How do they know why the market dropped? A market, by its very definition, is made up of diverse individuals who may a thousand different reasons why they decided to buy or sell a given stock on a given day. I suspect that most of the time, the press has "projected" motivation onto the market. All I know is that "Europe" has been getting a lot of blame in the press since January 21, 2009.

[B.O. Plenty]

Zer0 and the Bernank needs to keep their mouths shut.

The market has problems of its own....these two guys don't need to add to the problems by giving a speech....anywhere.

...only a few words in public from these lunatics are worth at least a hundred point market decline....

[forgotten man]

“Obama presented the nation with a $447 billion jobs program on Thursday night, but it’s not clear to traders that the proposal can pass through a divided Congress.”

Look at the bias in this PMSNBC story. According to them the stock market tanked because 0bama cannot command and control the Congress. If the Congress were not “divided”, i.e. under complete Democrat controll with Nancy Pelosi in charge of the House, all would be well. Blame the Republicans.

[Road Warrior ‘04]

Thanks for the speech Bowbama! Stocks tanked 300+...again after one of your speeches! Please, please, please! Stay away from the TOTUS and microphones!

[Constitutionalist Conservative]

I have always had a problem with the press giving us the 'reasons' for a given day's stock move. How do they know why the market dropped? A market, by its very definition, is made up of diverse individuals who may a thousand different reasons why they decided to buy or sell a given stock on a given day. I suspect that most of the time, the press has "projected" motivation onto the market.

Agree totally.

[Mr. Jeeves]

I‘ll be a busy weekend in the whorehouses of Brussels.

And I imagine prices will be way up, since Europe (outside of Germany) doesn't have many equally profitable industries. :)

[jerseyrocks]

Real cause for bad job market: Obama’s mouth.

[Recovering_Democrat]

U.S. stocks plunged Friday, erasing the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed exacerbated by President Barack Obama's Hussein's plan to revive destroy the U.S. job market.

Fixed.

[P-Marlowe]

Obama speaks.

The Stock Market Crashes.

Happens every time.

[Jack Hydrazine]

Is anyone keeping track of how often Obummer and Lil’ Timmy Geithner make the markets drop whenever they speak?

[Diana in Wisconsin]

[Windflier]

Looks like Obama got a dump instead of a bump from his “Pass This Jobs Bill NOW!!!” speech.

[proxy_user]

Take a lesson from CNBC:

Market goes up: “Bargain hunting”

Market goes down: “Profit taking”

[Diana in Wisconsin]

And if they pass this UNWRITTEN BILL, it’ll really tank. Yeesh! How CLUELESS can our Congress be? Plenty-o-blame to go around. Weenies.