Posted on 08/18/2011 6:55:22 AM PDT by Oldeconomybuyer
NEW YORK -- Turmoil returned to U.S. stock markets at Thursday's open as renewed concerns about the global economy sent major indexes plunging and pushed gold to a new record high.
Investors were working through bad news on various fronts, including a dismal forecast from Morgan Stanley for global economic growth, and two U.S. government-issued reports on inflation and the job market.
(Excerpt) Read more at money.cnn.com ...
Michelle would batter-dip and deep fry hers, cover it in butter and sprinkles then have it as a snack before giving a talk on nutrition.
NEW YORK, June 30, 2011 — The New York Stock Exchange will implement new circuit-breaker collar trigger levels for third-quarter 2011 effective Friday, July 1, 2011. Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). Circuit-breaker levels are set quarterly as 10, 20 and 30 percent of the DJIA average closing values of the previous month, rounded to the nearest 50 points.
In third-quarter 2011, the 10-, 20- and 30-percent decline levels, respectively, in the DJIA will be as follows:
Level 1 Halt
A 1,200-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt.
Level 2 Halt
A 2,400-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later.
Level 3 Halt
A 3,650-point drop will halt trading for the remainder of the day regardless of when the decline occurs.
Background: Circuit-breakers are calculated quarterly. The percentage levels were first implemented in April 1998 and the point levels are adjusted on the first trading day of each quarter. In 2011, those dates are Jan. 3, April 1, July 1 and Oct. 3.
That’s useful info these days.
Can’t eat gold.
Can’t eat Dow.
Can’t eat cash.
Can’t eat real estate...
“And covered in bullsh!t.”
Ya could use those brown, chocolate sprinkles. Would make a great cone!
lol.
It's the busses that did it, I'm pretty sure.
The market is unbelievably forgiving, but once bs has been called, get out of the way.
When the president campaigns on taxpayer money and calls a "jobs tour," Miss Market squints her eyes and raises her fists.
can barter with it faster than paper money, if we ever need or want to liquidate
If I’d bought gold over the past 20 years (or even the past year), we’d be feeling good enough to be eating steak tonight instead of leftover pizza!
Go eat your peas, you peasants.
You know what this calls for? A $50k per week vacation to Martha’s Vineyard! Woo-Hoo
Maybe his little dinghy will sink the same way he is sinking the country.
Looks like a good buy. The Dow has settled in around a loss of 430-440 for now. Gold up $30ish.
So what, Obama’s relaxing in Martha’s Vineyard.
If I can get some more coins today for the same price I paid yesterday, may do it
Don’t know why but it feels good to have it! The Midas syndrome? LOL!
I agree. At some point the dems will realize they have to cut their losses and will find someone to run against him. Even Maxine Waters has turned on him. And Maureen Dowd. Who actually is still supporting him???
Yes, but we can eat Federal Reserve notes with salad dressing! Soon we won't be able to buy food with them either!
Rumor has it that a Gulfstream G650 is in route to Los Angeles.
Mooochelle demanded that barry get her a plate from Roscoe’s House of Chicken’ N Waffles.
http://www.roscoeschickenandwaffles.com/
In fact, the girl in the video on the homepage might even be related to Mooochelle.
if there is any justice, he’s gonna be tormented on this vacation.
I agree.
They're just gearing up for the "Major" speech Idi Obama is going to deliver next month on his "plan" to create jobs.
Meanwhile as Obama relaxes on Martha's Vineyard, a crack team of investigators is once again charged with finding the "Job Switch" in the White House basement.
"It's got to be in here somewhere boys. Reagan found it, Bush found it, keep looking!"
"Sir! Do you think it might also be next to the "Economy Switch?"
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