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Stocks plunge on economic fears [Vacation Time!]
CNN Money ^ | August 18, 2011 | By CNNMoney staff

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 ...


TOPICS: Breaking News; Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: barackalypsenow; bhoeconomy; bhofascism; bhovacation; gold; market; nobama2012; obama; obamageddon; stockmarket; stocks
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To: RadiationRomeo

He gave speeches. An Obama speech = -300 on the Dow. If he would just stay in MV until the election, the economy might recover.


41 posted on 08/18/2011 7:49:44 AM PDT by stop_fascism (Compared to Moctezuma II, Obama isn't that bad.)
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To: stop_fascism
He gave speeches. An Obama speech = -300 on the Dow. If he would just stay in MV until the election, the economy might recover.

I'd wish he'd buy the $50,000 a week house for good and stayed there permanently. I'm sure they have good golf courses. Plenty of ice cream shops for him and Michelle. Maybe they have a good BBQ rib place if not send one of Michelle's slaves to Texas every day for carry out.

42 posted on 08/18/2011 7:53:51 AM PDT by Dengar01 ("Liberalism is a Mental Disorder" - Dr. Michael Savage)
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To: waus

Good thing I’m up to date.... blocked a trojan virus from your link.


43 posted on 08/18/2011 7:54:51 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: Oldeconomybuyer

Hmmm. I don’t see him rushing in front of the cameras this morning. Guess he’s slithering off to the Vineyard.


44 posted on 08/18/2011 7:55:40 AM PDT by jersey117
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To: Oldeconomybuyer

I’d love to be a fly on the wall of Democrat National Headquarters right about now.

“So how do we kick this clown to the curb before he takes us ALL over the edge and into the abyss?”


45 posted on 08/18/2011 7:57:53 AM PDT by Buckeye McFrog
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To: April Lexington

“If the Dems don’t find a new candidate for 2012, they will be out of power for a decade or more.”

No, not so much. The GOP may sweep into power in 2012, only to be massively turned out in 2014 and 2016, repeat cycle until the Revolution.

America needs to be fundamentally transformed, but exactly the opposite the way 0bama wants to transform it. We need to:

1. END welfare (don’t reform it, END it).
2. Abolish the minimum wage.
3. Gut the EPA. Deny “standing” to environmental groups on their endless litigation that stops economic activity.
4. Gut the NLRB and enact universal “right to work” legislation in all 50 states.
5. Abolish contingent fees for plaintiff trial lawyers; force the losing attorney (not party) in a product liability lawsuit to bear the winner’s legal costs.
6. Abolish the Department of Energy and get government out of the way of energy production, stop subsidizing inefficient energy sources.

ALL of these things need to be done to turn this country back around. They are fundamental changes to what America has become. The problem is that the American people and the national leaders of both parties lack the political will implement even ONE of these changes. So while we head for 3rd world status, the political pendulum will continue to swing wildly back and forth because people want “something” done but they don’t want to do what NEEDS to be done.


46 posted on 08/18/2011 8:03:39 AM PDT by henkster (The Federal Reserve is the enabling housewife to an alcoholic husband.)
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To: Oldeconomybuyer; KeyLargo; Oldpuppymax; Quix; blueyon; stephenjohnbanker; dep; Pelham; ...
SEC Whistleblower: Feds Destroyed Evidence Of Thousands Of Wall Streets’ Worst Crimes !

So much for our corrupt federal government investigating any Wall Street Crimes. We are being attacked by financial terrorists -- High level criminals own our whole freaking government

47 posted on 08/18/2011 8:09:14 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: Buckeye McFrog

I’d love to see Boehner grow a pair and call congress back and beat Obama to a jobs and growth plan. Let him vacation. The longer he’s gone the better.


48 posted on 08/18/2011 8:12:55 AM PDT by No Socialist
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To: kristinn
Soros shorts euro, long on dollars, compared to other fiat currencies our dollar has the most thin air propping it up. Jack Maybolt
49 posted on 08/18/2011 8:14:18 AM PDT by urbanpovertylawcenter (where the law and poverty collide in an urban setting and sparks fly)
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To: knarf

“A couple o’mill for two busses for 3 days ?”

That’s one pricey prostitute!


50 posted on 08/18/2011 8:14:31 AM PDT by Serf Zupp
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To: henkster
ALL of these things need to be done to turn this country back around.

Even more so, the FedGov needs to be restructured via significant amendments to our constitution so that it loses power permanently. if this is not done, it will grow right back. Human nature pushes government to stop protecting individuals and become a vehicle to take from some and give to others. If we don;t limit its power, states will begin to flee the union as the citizen tax payers are not going to stand by and let the beast bankrupt us all. Fit it or leave. Just live Czechoslovakia, Yugoslavia, the Soviet Empire, the Prussian Empire, the Russian Empire, the Ottoman Empire, the Austrian Empire, the Roman Empire and countless Chinese empires. All gone because the people finally told them to go to hell...

51 posted on 08/18/2011 8:17:49 AM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: Serf Zupp
"“A couple o’mill for two busses for 3 days ?”
That’s one pricey prostitute!"

Well, doesn't kissing always count extra?

.....

.....

..... (or so I've always heard, having no real experience with ... well ... uh ... you know ....

52 posted on 08/18/2011 8:18:54 AM PDT by BlueLancer (Secede? Y'all should hope that we don't invade!)
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To: Darteaus94025
Obama’s bus tour was a traveling flash mob.

That's a good one.

53 posted on 08/18/2011 8:26:28 AM PDT by triumphant values
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To: silverleaf
can barter with it faster than paper money, if we ever need or want to liquidate

If thats the case, stock up on booze and cigarettes.
54 posted on 08/18/2011 9:20:38 AM PDT by crosshairs (If Sharia Law becomes the law of the land, heads are gonna roll.)
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To: henkster

1. END welfare (don’t reform it, END it).
2. Abolish the minimum wage.
3. Gut the EPA. Deny “standing” to environmental groups on their endless litigation that stops economic activity.
4. Gut the NLRB and enact universal “right to work” legislation in all 50 states.
5. Abolish contingent fees for plaintiff trial lawyers; force the losing attorney (not party) in a product liability lawsuit to bear the winner’s legal costs.
6. Abolish the Department of Energy and get government out of the way of energy production, stop subsidizing inefficient energy sources.

I might add a # 7 to your list....Give the schools back to the states


55 posted on 08/18/2011 9:28:47 AM PDT by paul revere is riding (I'm really a Paula.....Go Cain)
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To: All
Dow was down 500 but now it is only down 400.

OBAMA: "That's 100 points saved or created!"

56 posted on 08/18/2011 9:52:56 AM PDT by frogjerk (Today is already the tomorrow which the bad economist yesterday urged us to ignore. - HAZLITT)
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To: henkster

1. END welfare (don’t reform it, END it).
2. Abolish the minimum wage.
3. Gut the EPA. Deny “standing” to environmental groups on their endless litigation that stops economic activity.
4. Gut the NLRB and enact universal “right to work” legislation in all 50 states.
5. Abolish contingent fees for plaintiff trial lawyers; force the losing attorney (not party) in a product liability lawsuit to bear the winner’s legal costs.
6. Abolish the Department of Energy and get government out of the way of energy production, stop subsidizing inefficient energy sources.


Nice plan! Sounds like a darn good start.


57 posted on 08/18/2011 9:53:15 AM PDT by KingOfVagabonds
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To: ex-Texan; All

” So much for our corrupt federal government investigating any Wall Street Crimes. We are being attacked by financial terrorists — High level criminals own our whole freaking government “

Why Goldman Sahs calls the White House “ our D.C. office “


58 posted on 08/18/2011 10:01:54 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: treetopsandroofs

Yep, mine too.


59 posted on 08/18/2011 10:22:20 AM PDT by SelmaLee
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To: blam

Ugly..


60 posted on 08/18/2011 11:07:06 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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