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Dow Dives 500 Amid Recession Concerns
CNBC ^
| September 22, 2011
| JeeYeon Park
Posted on 09/22/2011 11:27:07 AM PDT by AAABEST
Stocks added to their sharp losses Thursday, with the S&P 500 piercing through a key technical support level, as ongoing economic jitters in addition to a gloomy outlook from the Federal Reserve fueled fears of a global recession.
The Dow bobbed in and out of its August closing low of 10,719.94 and is on track for its worst week in almost 2-1/2 years.
(Excerpt) Read more at cnbc.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: 0bipartisan; 0politicians; 0propaganda; bhoeconomy; democrats; nobama2012; obama; obamadepression; recession; stocks; zteachers
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1
posted on
09/22/2011 11:27:14 AM PDT
by
AAABEST
You mean the recession we never came out of?
2
posted on
09/22/2011 11:28:51 AM PDT
by
USCG SimTech
(Honored to serve since '71)
To: AAABEST
3
posted on
09/22/2011 11:29:50 AM PDT
by
Perdogg
(0bama got 0sama?? Really, was 0sama on the golf course?)
To: Perdogg
Absolutely nothing is Jenna Lees fault. Ever.
4
posted on
09/22/2011 11:32:13 AM PDT
by
Lazlo in PA
(Now living in a newly minted Red State.)
To: AAABEST
Idiots talk and Idiots listen
5
posted on
09/22/2011 11:32:33 AM PDT
by
evad
(Obama needs to show us his green card)
To: AAABEST
The last ten minutes the dow has been making wild swings in both directions like a dang sine wave.
6
posted on
09/22/2011 11:34:01 AM PDT
by
cuban leaf
(Were doomed! Details at eleven.)
To: AAABEST
Pass the Bill! Pass the Bill!
7
posted on
09/22/2011 11:34:17 AM PDT
by
Dr. Ursus
To: Dr. Ursus
8
posted on
09/22/2011 11:35:47 AM PDT
by
advertising guy
(the U.S.A. is # 1 in the world in collective son of a bitches)
To: AAABEST
9
posted on
09/22/2011 11:36:39 AM PDT
by
fhayek
To: AAABEST
10
posted on
09/22/2011 11:38:09 AM PDT
by
kidd
(S&P gives Obama an 'AA+'...Obama's only published grade)
To: Lazlo in PA; All
BREAKING NEWS: Obama to ask TV networks for 15 minutes tonite at 9PM to speak to nation about stock market volatility..
11
posted on
09/22/2011 11:38:30 AM PDT
by
ken5050
(Save the EARTH...it's the ONLY planet with CHOCOLATE!!!)
To: cuban leaf
The last ten minutes the dow has been making wild swings in both directions like a dang sine wave.
Move was on much larger volume than what was normal for today. A lot of money that had been sitting on the sidelines jumped into the market all at once. Don't know if it was PPT or just some news I haven't seen yet. At least nothing on the wires at the moment looks to me to be the cause of a big positive move.
12
posted on
09/22/2011 11:39:21 AM PDT
by
GonzoGOP
(There are millions of paranoid people in the world and they are all out to get me.)
To: AAABEST
No doubt "Unexpected"...
No worries though...Obama is holding an online Q&A on LinkedIn about jobs Sept. 26. I'm sure that will calm the markets...
To: ken5050
Oh No, expect a big drop tomorrow.
14
posted on
09/22/2011 11:39:37 AM PDT
by
jpsb
To: Perdogg
Rule #1-————> Jenna Lee is NEVER at fault!
15
posted on
09/22/2011 11:40:50 AM PDT
by
JPG
(Palin '12)
To: AAABEST
But why is silver in freefall, I thought PMs usually go opposite the stock market in economic uncertainty. Of coarse with Obama, we are certain what it means to the economy.
16
posted on
09/22/2011 11:40:58 AM PDT
by
Boiling point
(Cain / Palin 2012)
To: ken5050
It’s the tsunami’s fault!
17
posted on
09/22/2011 11:42:47 AM PDT
by
Argus
To: JPG
Rule #1-————> Jenna Lee is NEVER at fault!
Oh come on with wink and a smile she could cause out a earthquake.
18
posted on
09/22/2011 11:42:50 AM PDT
by
GonzoGOP
(There are millions of paranoid people in the world and they are all out to get me.)
To: GonzoGOP
And it’s dropping again. I was noticing the volume as well. It is as if the PPT or someone bought a lot to either do what the PPT is there for, or legitimately snapping up bargains, but the market disagreed, and down it fell again.
19
posted on
09/22/2011 11:45:26 AM PDT
by
cuban leaf
(Were doomed! Details at eleven.)
To: GonzoGOP
The down moves are on high volume liquidation sales.
The up moves are on very low volume transactions planned to move the stock price back up.
Remember, there is no weighted average. All of a stock is valued at the last share price no matter the volume. It’s called, screw the people that don’t know how it is manipulated.
Question: What stocks are the Fed buying and when???
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