Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $20,510
25%  
Woo hoo!! And now only $550 to reach 26%!! Thank you all very much!! God bless.

Keyword: debt882011

Brevity: Headers | « Text »
  • Stocks plunge following S&P downgrade [ Obama's- Its other people fault rejected by markets ]

    08/08/2011 1:11:00 PM PDT · by NoLibZone · 16 replies
    cnn.com ^ | Aug 8 2011 | Sweet
    U.S. stocks plunged deep into the red on Monday as fearful investors faced the news that the United States had lost its coveted "AAA" credit rating. All three major U.S. stock indexes were down between 4% and 5%, pushing the Dow below 11,000 for the first time since November. The stock market has now lost 14% during the past two weeks. Market observers tried to say the downgrade by itself shouldn't matter -- that it was expected and that the United States still has a strong credit rating. But the market wasn't buying it. "Investors are having one reaction to...