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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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To: madison10
There was no reason for it to be this high anyway. Zero’s Wall Street cronies kept it up going into the election to preserve his victory.
41
posted on
11/07/2012 9:17:35 AM PST
by
Rockitz
(This is NOT rocket science - Follow the money and you'll find the truth.)
To: Grampa Dave
” Dow -2.53%
Nasdaq -2.56%”
Just the very beginning.
Time to “short” coal mining jobs....
42
posted on
11/07/2012 9:17:51 AM PST
by
stephenjohnbanker
((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
To: GnL
43
posted on
11/07/2012 9:18:07 AM PST
by
Gator113
(I would have voted for NEWT, now it's Romney & Ryan.~Just livin' life, my way~)
To: madison10
.... Looks a lot more like a combination of a couple things ... Reaction to the European financial flare up and also investors moving their money around to safer investments as a result of the election. Probably recover some before the day is finished as the money being moved around finds it mark.
44
posted on
11/07/2012 9:18:32 AM PST
by
R_Kangel
( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
To: madison10
Next stop......Depression.
45
posted on
11/07/2012 9:18:32 AM PST
by
Rockitz
(This is NOT rocket science - Follow the money and you'll find the truth.)
To: madison10
Well, NO F***ING KIDDING!!! Boy, I sure didn’t see THAT coming!!/sarcasm
To: Windcatcher
Christmas shopping? Nope. Let the DimRat seasonal retail workers starve.Yep. I'm baking goodies (food is not taxed) for adults, and giving cash to my kids with the warning to stash it, because they're going to need it later. They're pretty good at taking our advice.
We're no help to the SEIU members (on purpose). They can have the trash can leftovers for Thanksgiving dinner. They're jobs are not my problem.
To: madison10
BHO: “the best is yet to come....”
48
posted on
11/07/2012 9:22:18 AM PST
by
oiler
(Reagan Republicans unite. Hobbits in 2012. FlatTax is a fair tax.)
To: brownsfan
Yeah, the market reacts for a day. Tomorrow its back up.
Obviously I dont understand the market, but it seldom seems to react as it should.
In banana republics, numbers do not mean what you think they mean.
To: madison10
Excellent! The greedy rich and the evil corporations are experiencing the "best revenge" of our vote! Happy days are here again!
/sarc
50
posted on
11/07/2012 9:22:33 AM PST
by
newgeezer
("... no authority except from God, and the authorities that exist are appointed by God." --Rom. 13:1)
To: oiler
From another site. With sarcasm assumed.
“It’s almost like the market was being propped up for the election.”
51
posted on
11/07/2012 9:25:30 AM PST
by
listenhillary
(Courts, law enforcement, roads and national defense should be the extent of government)
To: Obama_Is_Sabotaging_America
“Especially 0bamas union thugs who destroyed or didnt count Romney ballots last night. Lower turnout than for McCain in 2008?? Seriously? Do I believe that? HELL NO, Not for ONE second.”
You’d better believe it because it’s true. Romney was a terrible candidate. Denial ain’t a river in Egypt.
To: madison10
The Soros crowd that wants to see America destroyed has moved the stock market up over the last three years in hopes that The Destroyer would get reelected.
Now they can make a fortune from the destruction of the country and the collapse of the stock market.
The only good thing is that since it’s going to happen no matter what, trade put options and make a fortune right along with them.
53
posted on
11/07/2012 9:27:27 AM PST
by
waus
(FUBO UFCMF, Just in case I stuttered, FUBO)
To: bigbob
“Obama built this” and “good let it crash”
Amen.
54
posted on
11/07/2012 9:27:41 AM PST
by
DCMaggie
To: madison10
55
posted on
11/07/2012 9:33:25 AM PST
by
oiler
(Reagan Republicans unite. Bob McDonnell in 2016. FlatTax is a fair tax.)
To: Gator113
Good. Let it crash.
Screw you.
No, he is right. This is going to crash, regardless. The worst case scenario is that they successfully kick the can, and allow that crash to occur over a period of years. We need this to occur soon, and quickly. We need a watershed moment when people are suddenly frightened about America's future. If it occurs over a period of years, it will be like warming the water the frog is in. People will adjust, embrace the new normal, and will never have that spark that causes them to jump out of the water or, in this case, become frightened enough about what Leftists are doing to this country to reject them. It has to be terrifying enough, and sudden enough, that things like impeachment are on the table.
At this point, a sudden economic collapse is the only thing that can save what we think of as America.
To: listenhillary
That is the Valerie Jarrett quote isn’t it? Do you have a source for it? It would make a nice thought for the day tomorrow on my FB profile. My lib Friends are turning hand stands today.
57
posted on
11/07/2012 9:40:32 AM PST
by
Homer_J_Simpson
("Every nation has the government that it deserves." - Joseph de Maistre (1753-1821))
To: madison10
58
posted on
11/07/2012 9:42:30 AM PST
by
Blogatron
(www.niggermania.com)
To: Homer_J_Simpson
Quote was originally posted at the Ullsterman (sp?)report and he did not provide a definitive source. The person he quoted did not want their name shared.
Share at your own risk.
59
posted on
11/07/2012 9:43:54 AM PST
by
listenhillary
(Courts, law enforcement, roads and national defense should be the extent of government)
To: stephenjohnbanker
Time to short the idiot states Ohio/Pa which went for Obozo and of course my stupid state, Californicator land.
60
posted on
11/07/2012 9:45:14 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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