Stock markets have terrible day; Dow drops 500 points (I'm sure it's still "Bush's Fault")

msnbc ^ | 8/4/2011 | msnbc

[tobyhill]

Any way you cut it, it was a terrible day for the stock markets.

Worries about the state of the economy in the U.S. and around the world slammed stocks on Thursday, driving the Dow to close down more than 500 points and sending the broader S&P 500 index well into correction territory.

The Dow Jones industrials average ended down more than 4 percent. The broader S&P 500 index was down around 10 percent from its May high. The market's so-called "fear index," the CBOE Volatility Index (VIX), rose above 30 in its biggest daily percentage move since May 2010.

[BipolarBob]

I got my azz handed to me today.

[CORedneck]

A feather in Zero’s cap, his 50th b-day and the market taking a major dump ! Obama owns this one !

[Thane_Banquo]

The Euro experiment is coming to an end.

[TexasFreeper2009]

hope and change baby!!!

you mean socialism doesn’t work? SHOCKING! /s

[TexasFreeper2009]

More like the socialism experiment is coming to an end. The socialist have finally run out of other peoples money worldwide.

[tobyhill]

I hope it's coming to an end but as long as the Freeloaders still believe Obama can deliver freebies then I'm afraid we're still in for a long ride.

[newheart]

Yesirree. Me and TOTUS really stuck it to those Wall Street fat cat corporate jet owners today. I couldn't be happier.

[Cygnus Rising]

Well, there go my 401K earnings for the year...sigh.

[tobyhill]

Oh yea, them “fat cats” got theirs today. Now they have to explain to their real investors why their 401k just got wiped clean.

[brownsfan]

I read the comments at the commie site. Turns out the commies think the problem is the tea party removed the government’s ability to expand the economy, (overspend), so the market is reacting.

They really are clueless.

[gov_bean_ counter]

Bet you Soros made money today...

[tobyhill]

Keep plugging and eventually you may see enough to buy a loaf of bread and some peanut butter. I can’t guarantee the jelly.

[tobyhill]

LOL. Typical blind Libs.

[Gaffer]

Stocks.....the only ‘stocks’ I have now are attached to multiple 2A implements. Right before November 2008, I concluded the cOmmunist would be elected and moved everything I had away from ‘stocks’

[Presbyterian Reporter]

Just think about all of the usual August vacations that are being ruined. Hot shot Wall Street Broker was relaxing along the coast of Maine until she has to return to stop the bleeding.

[Absolutely Nobama]

I’m afraid to look.

[DeoVindiceSicSemperTyrannis]

[GreatMan]

After you buy it you better have some “precious metal” to protect it from the looters.

[The KG9 Kid]

Every Tea Party congressman who has to face a liberal challenger for re-election better remember to say "And the day after the Debt Limit bill I refused to vote for was signed by the President, the market dropped 500 points and wiped out any gains your 401k made last year" every time this comes up.

I just hope they don't have to say "[...] the market dropped 8000 points over the next few weeks, which is why you now have to forage for jackrabbits out in the country with a home-made crossbow."