Posted on 10/09/2014 1:25:44 PM PDT by blam
Myles Udland
October 9, 2014
Markets had a rough day on Thursday, with the Dow falling more than 300 points and each of major stock indexes giving up all of their gains from yesterday's huge rally while bond yields fell around the world as the US 10-year Treasury bond fell to its lowest level in 15-months.
First, the scoreboard:
•Dow: 16,659.3, -335, (-2%)
•S&P 500: 1,928.2, -40.7, (-2%)
•Nasdaq: 4,378.3, -90.2, (-2%)
And now, the top stories on Thursday:
(snip)
(Excerpt) Read more at businessinsider.com ...
"Among the big losers were Walter Energy, down 8%, Arch Coal, down 8%, Cliffs Natural Resources, down 10%, Peabody Energy, down 6.5%, and Alpha Natural Resources down 7.4%.
FYI: Coal miners that smoked cigarettes did not get Black Lung Disease.
Yet gasoline prices continue to soar. And profits are being sliced at ExxonMobil, all due to hussein's manipulations of the markets. When Sarah Palin (or maybe Ted Cruz) starts running things, hopefully well before 2017, it will be...
“Continue to soar”? The cheapest gas in San Jose has dropped from about four bucks to $3.25 over the past six months, that’s the same 20% drop quoted for oil.
The way these tools tax and regulate, no wonder why business is skiddish. Joe 6 pack only has enough $ to get by and can’t buy anything extra. Consumer spending is hurting cause the government is taking a bigger chunk with no increase in incomes. Businesses take their infrastructure out of the country due to the tax burden and regulatory burden. They won’t come back till something in Washington changes drastically.
Yeah, the Fed has been essentially spinning plates, or juggling balls in the air, as you said.
The Congress has been holding up a house of cards via deficit spending. All “growth” has been an illusion, because we produce NOTHING, compared to what we used to. It has all been DEBT!
Both parties basically outsourced much of our economy via NAFTA and other notFREE Trade agreements during the early 90s. Unfortunately, a good part of our tax base was sent offshore with those jobs, because instead of paying taxes, or breaking even - all of those otherwise working people are now using EBT cards, and or the various other forms of .gov assistance.
I reckon all we can do now is keep printing money. Maybe the Federal reserve can just send every household a $10,000 check every month to spend on stuff from China, the car payment, mortgage, gasoline, groceries, and healthcare....
The whole mess is just disgusting.
Hinky, you can say that again.
Crude is slowly dropping daily.
Stocks soared yesterday and Gold was also up. Stocks fell today, and gold dropped on the day. Everything seems backward these days.
Stock market bailout by the election.
Hey, it worked before on banks.
I predict.
All I need to know is that I wasn't suffering at gas pump when Bush was in office. And before that, I was playing just 78 cents when Newt Gingrich wrested control of the economy away from KKKlintoon. Of course, when President Ronald Reagan was in charge, I didn't even need to bother to glance at the prices on the pumps. The Reagan Economy was that robust.
The good thing about going broke is I no longer have a portfolio
The stock market has been doing yo yo tricks since the 2007 housing market crash. Pretty soon the string is going to wear out and things will go flying.
Said the spider to the fly...
Only a fool would believe in this house of cards, run by professional corrupt.
The NWO will let the balls fall when the Republicans take control of the Senate. This way, Eboma has an ‘out’ and can blame Bush before Hillary takes the Reins. Hillary will run on a failed economy caused by the Senate becoming Republican. Any agenda will work for her since the she OWNS the media anyway and the female voter is easily CONNED.
The incompetence of ObOzO trumps the free money of Yellin.
How many crashes in October?
How much risen since 2008? 1998?
I was just reading the newspaper and it was touting yesterday as the biggest gain of the year or decade or something....then I listened to t he real news on the radio.....
A “black swan” event from the dark continent is starting to affect things?
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