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Stocks Skid 2%; Dow Dives 300, S&P Below 1400
CNBC ^ | 11/7/12 | JeeYeon Park

Posted on 11/07/2012 8:37:31 AM PST by madison10

Stocks took a sharp nosedive across the board Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe's economy reemerged.

The Dow fell below 13,000, while the S&P 500 traded under 1,400 for the first time since early September...

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: finance; freefall; stocks
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1 posted on 11/07/2012 8:37:36 AM PST by madison10
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To: madison10

Not to be nasty...well, yes, to be nasty. Zero2Neros:See what happens when you vote for a guy who doesn’t have a clue?


2 posted on 11/07/2012 8:39:16 AM PST by madison10
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To: madison10

James River Coal down 24%

Hope you coal people in Ohio and PA are happy...those of you who stayed home or voted for zero.


3 posted on 11/07/2012 8:40:00 AM PST by AdamBomb
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To: madison10

-355 atm


4 posted on 11/07/2012 8:40:30 AM PST by ZX12R (FUBO GTFO 2012 !)
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To: madison10

Remember the infamous phrase.... “do not let a crises go to waste.”


5 posted on 11/07/2012 8:40:35 AM PST by oiler (Reagan Republicans unite. Hobbits in 2012. FlatTax is a fair tax.)
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To: madison10

Obama built this


6 posted on 11/07/2012 8:42:00 AM PST by bigbob
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To: madison10

Good. Let it crash.


7 posted on 11/07/2012 8:42:05 AM PST by GnL
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To: madison10

“ After We Win This Election, It’s Our Turn. Payback Time. Everyone not with us is against us and they better be ready because we don’t forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay. Congress won’t be a problem for us this time.”


8 posted on 11/07/2012 8:44:04 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: madison10

Yeah, the market reacts for a day. Tomorrow it’s back up.

Obviously I don’t understand the market, but it seldom seems to react as it “should”.


9 posted on 11/07/2012 8:44:32 AM PST by brownsfan (It's over.)
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To: madison10

I’m sure obamas on it. If I didn’t have money in it I would say let it crash.


10 posted on 11/07/2012 8:44:38 AM PST by linn37 (Newt supporter here.)
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To: madison10

"Fasten Your Seatbelts, We're Going to Have a Bumpy Ride"


11 posted on 11/07/2012 8:45:11 AM PST by COBOL2Java (The GOP-e said "Beat a Marxist with a Liberal!" What a colossal blunder.)
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Obamacare stocks rally
http://buzz.money.cnn.com/2012/11/07/obamacare-stocks-hospitals/?iid=HP_LN


12 posted on 11/07/2012 8:45:37 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: madison10

Wait till the Obozo voters see their 401Ks today. Pardon me while I engage in some schadenfreude.


13 posted on 11/07/2012 8:46:10 AM PST by Schatze (It's better to keep your mouth shut and appear stupid than to open it and remove all doubt.)
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Comment #14 Removed by Moderator

To: madison10

The quotes below were @ 8:41 PST:

Dow -2.53%

Nasdaq -2.56%


15 posted on 11/07/2012 8:47:54 AM PST by Grampa Dave (We are the 53%, who pay taxes and keep this country going inspite of the 47% rat moochers!)
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To: Grampa Dave

And Treasury yields dropped giving the gov’t reason to borrow MORE.

http://confoundedinterest.wordpress.com/2012/11/07/autumn-leaves-mortgage-applications-drop-5-dow-drops-340-points-10-year-treasury-yields-up-11-bps/


16 posted on 11/07/2012 8:49:56 AM PST by whitedog57
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To: madison10

Oh well


17 posted on 11/07/2012 8:50:22 AM PST by snarkytart
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To: whitedog57

Down we go. Glad I sold at the start of October.


18 posted on 11/07/2012 8:51:35 AM PST by JCBreckenridge (Texas, Texas, Whisky)
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To: listenhillary
Forgot about that quote. Probably explains Boehner's reaction today: Boehner offers congratulations to Obama.
19 posted on 11/07/2012 8:52:23 AM PST by COBOL2Java (The GOP-e said "Beat a Marxist with a Liberal!" What a colossal blunder.)
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To: Schatze

More voters in the swing states of Florida, New Hampshire, Ohio and Virginia blame George W. Bush than Barack Obama for the state of the U.S. economy.

According to early exit polls in Florida, 53% of today’s voters say Bush is more to blame for the country’s current economic problems while 41% say Obama.

In New Hampshire, exit polls show 54% blame Bush while 41% blame Obama.

There’s less of a gap in Ohio and Virginia. In both states, 50% of today’s voters say Bush is more to blame for the country’s current economic problems. In Ohio, 41% say Obama is more to blame and in Virginia 45% say Obama.

http://politicalticker.blogs.cnn.com/2012/11/06/exit-polls-top-issues-for-voters/

Drudge Headline right now - OWN IT


20 posted on 11/07/2012 8:53:39 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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