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Breaking: Dow Tumbles 75 Points as Obama Speaks
Pundit Press ^ | 8/8/11 | Thomas Ferdousi

Posted on 08/08/2011 11:28:07 AM PDT by therightliveswithus

UPDATE: Dow down 460 at 2:00 est.

The Dow Jones Industrial Average is taking a beating as President Obama continues to speak. Towards the beginning of his speech, the index was down 375 points. As I write now it is down 450. Obama's blaming of everyone else and trotting out the same old "solutions" are not helping.

The S&P average is down a total of 5% on the day. The NASDAQ is also down 5% on the day. This is becoming a run. We need leadership now.

In addition, between the time he announced the speech and gave it, the Dow fell another 100 points.


TOPICS: Government; Politics
KEYWORDS: 88211; au82011; august82011; barackalypse; barackalypsenow; deerintheheadlights; deerleader; economy; incompetence; lendmeyourears; manchild; obama; obamanomics; obambi

1 posted on 08/08/2011 11:28:10 AM PDT by therightliveswithus
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To: therightliveswithus

He has that effect on people and things.


2 posted on 08/08/2011 11:29:51 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: therightliveswithus

I find nothing wrong with referring to the down grade as the “Tea Party Down Grade” because it is exactly what the Tea Party predicted if debt and spending weren’t drastically cut.


3 posted on 08/08/2011 11:31:29 AM PDT by Natural Law (For God so loved the world He did not send a book.)
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To: therightliveswithus

The Dow Jones it racist.


4 posted on 08/08/2011 11:31:53 AM PDT by PA-RIVER
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To: therightliveswithus

Is anyone framilar with the story of King Ludwig (Mad Ludwig) of Bavaria in the 1800s.


5 posted on 08/08/2011 11:34:54 AM PDT by fightin kentuckian
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To: therightliveswithus

6 posted on 08/08/2011 11:35:02 AM PDT by AngelesCrestHighway
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To: therightliveswithus

Is anyone framilar with the story of King Ludwig (Mad Ludwig) of Bavaria in the 1800s.


7 posted on 08/08/2011 11:35:10 AM PDT by fightin kentuckian
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To: PA-RIVER

Becoming a run? On the 21st of July the stock market was at 12700.

It’s now dropped 1.6k in 3 weeks. Averaging losses of 100 points/day.


8 posted on 08/08/2011 11:35:37 AM PDT by BenKenobi (Honkeys for Herman!)
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To: therightliveswithus

Reported too early. Wait until the full impact of the blather is digested. And, REALLY just wait until Wednesday. This a dress rehearsal for the Wednesday markets.


9 posted on 08/08/2011 11:38:00 AM PDT by NamVet71MP
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To: therightliveswithus

My stomach drops every time FUBO speaks. My blood pressure goes up and I start swearing. Is this a normal reaction?


10 posted on 08/08/2011 11:38:22 AM PDT by BarbM (Portuguese Dog--Kenyan president)
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To: therightliveswithus

The nearly 70 dollar jump in gold.
Dow down nearly 500.

ObamaGeddon

THANKS LIBTARDS!!!

You voted for someone whose father was not American.

He cannot even legally hold office!

A natural born American is the child of 2 Americans and is also born on US soil.

OBAMA THE USURPER

Dems too stupid to vote.


11 posted on 08/08/2011 11:38:36 AM PDT by TheConservativeParty (PALIN 45 -The cure for "meet the new boss, same as the old boss." Resisting Tyranny Since 1-20-2009)
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To: therightliveswithus

12 posted on 08/08/2011 11:39:43 AM PDT by Snickering Hound
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To: fightin kentuckian

I vistited his castles in 2008.
Nice digs!


13 posted on 08/08/2011 11:39:51 AM PDT by TheConservativeParty (PALIN 45 -The cure for "meet the new boss, same as the old boss." Resisting Tyranny Since 1-20-2009)
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To: BenKenobi
August 2006 ~ about the same on the DOW.

That's not out of line with everything else.

Home prices fell back to 2003 and 2004 prices at the beginning of the earlier part of the Great Obama Recession and they're now up to 2006 in most of the more stable areas (not CA, FL, NV, AZ).

Looks more like a correction than anything else ~ but I really would like to see 2011 PULL OUT AHEAD of 2005 (if you get my drift).

14 posted on 08/08/2011 11:40:38 AM PDT by muawiyah
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To: fightin kentuckian

Is anyone framilar with the story of King Ludwig (Mad Ludwig) of Bavaria in the 1800s.

Why? Does Someone need to go for a midnight boat ride?


15 posted on 08/08/2011 11:41:12 AM PDT by WestwardHo
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To: therightliveswithus

Soros the short seller invested wisely in the DNC and Obama.

Both drive the value of things down.


16 posted on 08/08/2011 11:41:54 AM PDT by NoLibZone (Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
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To: therightliveswithus

Well they must have read the speech now, it’s down just short of 500, now.

Oops 530, now

535

540

548


17 posted on 08/08/2011 11:42:03 AM PDT by Freddd (NoPA ngineers.)
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To: Freddd

584


18 posted on 08/08/2011 11:42:50 AM PDT by Freddd (NoPA ngineers.)
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To: Freddd

600


19 posted on 08/08/2011 11:43:29 AM PDT by Freddd (NoPA ngineers.)
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To: therightliveswithus

DOW down 560 now...


20 posted on 08/08/2011 11:44:16 AM PDT by JDoutrider
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To: therightliveswithus

Last week the news used the term “correction”. Today’s reaction is pure FEAR at the downgrade and of obama and his policies.


21 posted on 08/08/2011 11:45:15 AM PDT by fightin kentuckian
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To: therightliveswithus

Everytime you refresh the page it goes down....amazing...


22 posted on 08/08/2011 11:47:01 AM PDT by nikos1121 (Stand up is hard if you're not funny.)
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To: muawiyah

Had they passed real cuts this year, yes, yes it would.

Instead, we’ll have to wait until 2012. Everyone I know is taking out their money and just sitting on it until then.


23 posted on 08/08/2011 11:47:13 AM PDT by BenKenobi (Honkeys for Herman!)
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To: therightliveswithus

Bump


24 posted on 08/08/2011 11:47:29 AM PDT by Jet Jaguar
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To: therightliveswithus

dOW -506


25 posted on 08/08/2011 11:50:27 AM PDT by right way right (Whats it gonna take?)
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To: BenKenobi

10849 looks like the new bottom. He’s wound back to Oct. 4th of last year.

Still up 2.7 percent from the low on the year.


26 posted on 08/08/2011 11:54:45 AM PDT by BenKenobi (Honkeys for Herman!)
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To: right way right

The Treasury is buying futures like there is no tomorrow...


27 posted on 08/08/2011 11:55:23 AM PDT by null and void (Day 928. When your only tools are a Hammer & Sickle, everything looks like a Capitalist...)
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To: therightliveswithus

Now the rich people aren’t so rich
Just another way of making things “fair”
Another good day for obama, changing America

obama and geithner,growing the middle class.... one former millionaire at a time


28 posted on 08/08/2011 11:56:10 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: null and void

Yeah, I’m listening to Rush too.


29 posted on 08/08/2011 11:57:05 AM PDT by right way right (Whats it gonna take?)
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To: therightliveswithus

Worst President in the history of America.


30 posted on 08/08/2011 11:59:21 AM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: Lazamataz

Ya know? Jimmah Carter is still eligible to run...


31 posted on 08/08/2011 12:03:20 PM PDT by null and void (Day 928. When your only tools are a Hammer & Sickle, everything looks like a Capitalist...)
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To: silverleaf
Now the rich people aren’t so rich
Just another way of making things “fair”
Another good day for obama, changing America

obama and geithner,growing the middle class.... one former millionaire at a time


Looks like we are headed for Winston Churchill’s end point of socialism - equality in misery.

32 posted on 08/08/2011 12:09:55 PM PDT by rdcbn
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


33 posted on 08/08/2011 12:11:37 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: right way right

crap!!! I just clicked it 10 times in as many seconds and it went from 503 to 525

http://www.google.com/finance?client=ob&q=INDEXDJX:DJI


34 posted on 08/08/2011 12:14:14 PM PDT by ezoeni
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To: ezoeni

It is being reported that people are jumping out of their building windows on the news, thankfully, it’s mostly at retirement homes and there only jumping about 4ft. However, those who survived stated that although they had lost their retirement savings they were going to relect Obama in 2012 because the GOP want to kill them and cut thier mostly un-earned entitlements ...


35 posted on 08/08/2011 12:16:54 PM PDT by Scythian
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To: therightliveswithus

Only 75 points? Would have expected more.


36 posted on 08/08/2011 12:20:01 PM PDT by rbg81
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To: Natural Law

The downgrade is EXACTLY what Obama and Crew said would NOT happen if only Boehner and the boys would go along with raising the “debt ceiling”. Boehner and the boys were scared. OF WHAT?! The election in November was about stopping Obama’s antics and reckless spending of money WE DO NOT HAVE. The Tea Party members of Congress (for the most part) knew this. Obama said, “Don’t call my bluff!” - He acknowledged that he was BLUFFING!! - S&P said it, CUT, CAP & BALANCE! The House passed CUT, CAP & BALANCE; but it was not even discussed by the vaunted Senate.

Grow up, Boehner! Quit blubbering about how successful YOU’VE BEEN, golfing with the traitor-in-chief, and selling us out!!


37 posted on 08/08/2011 12:28:50 PM PDT by Twinkie (Is Obama using the Cloward-Piven Strategy?!?)
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To: Scythian

Shut up!

Damn reality hurts.


38 posted on 08/08/2011 12:35:14 PM PDT by right way right (Whats it gonna take?)
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To: AngelesCrestHighway

39 posted on 08/08/2011 12:36:39 PM PDT by traumer
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To: therightliveswithus
This is what happens when you give a really really important job to an affirmative action hire.
40 posted on 08/08/2011 12:38:30 PM PDT by Tupelo ( 2012 TEA PARTYER but no longer a Republican)
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To: ezoeni

Stop Clicking!


41 posted on 08/08/2011 12:41:28 PM PDT by right way right (Whats it gonna take?)
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To: null and void

George McGovern is still alive at 89—we can speculate that he would have made a terrible President but he never had a chance to demonstrate it, unlike Carter. Apart from his signature issue (Vietnam) he is probably not nearly as far to the left as Obama. Maybe he could be persuaded to make another try.


42 posted on 08/08/2011 1:02:39 PM PDT by Verginius Rufus
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To: Verginius Rufus

Looks like the PPT ran outta steam! -600!


43 posted on 08/08/2011 1:05:03 PM PDT by BenKenobi (Honkeys for Herman!)
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To: potlatch

It was weird watching CBS during 0bama’s hour-late speech.
They had the DJIA box onscreen showing the drop in the stock market as 0 continued to speak. CBS! Could they have mis-assumed that the market would go UP as he spoke? Man, what a bloodletting. Time for him to announce he won’t seek or accept or steal re-election.


44 posted on 08/08/2011 10:19:42 PM PDT by ntnychik
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To: ntnychik

I didn’t watch it, it’s been a very bad day for me.
Thanks for your Happy Birthday Letter, I’ll write you tomorrow. I know some of my kids are losing a lot of money.


45 posted on 08/08/2011 10:52:44 PM PDT by potlatch (They that sow the wind shall reap the whirlwind......)
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To: fightin kentuckian

I had to look that up, interesting: http://en.wikipedia.org/wiki/Ludwig_II_of_Bavaria


46 posted on 08/09/2011 5:12:27 AM PDT by ViLaLuz (2 Chronicles 7:14)
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