Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dow Continues Historic Slide (down moving below 8,000 close, welcome to Obama's America!)
wsj ^

Posted on 10/10/2008 11:03:05 AM PDT by maccaca

Stocks' relentless slide continued Friday, leaving the Dow Jones Industrial Average poised to register the bloodiest weekly drop in its 112-year history. The Dow Jones Industrial Average fell more than 600 points shortly after the opening bell, sliding below the 8000 mark intraday for the first time since April 1, 2003. Blue chips quickly moved off those levels, and at one point managed to climb into positive territory. But in recent trade, the Dow was off about 550 points at around 8010, moving back near its lows for the day. The S&P 500 Index was down about 48 points at around 861, with energy and consumer-discretionary stocks seeing sharp losses. Industrials stocks were also hammered. The Nasdaq Composite Index lost about 73 points to trade around 1571. The Chicago Board Options Exchange Volatility Index surged 15%, climbing above 73 for the first time.

(Excerpt) Read more at online.wsj.com ...


TOPICS: News/Current Events
KEYWORDS: financialmarkets

1 posted on 10/10/2008 11:03:06 AM PDT by maccaca
[ Post Reply | Private Reply | View Replies]

To: maccaca

We ain’t see nothing yet, wait till he’s elected, this’ll be the “good ole days” we’ll tell our grandkids about.


2 posted on 10/10/2008 11:04:43 AM PDT by softwarecreator
[ Post Reply | Private Reply | To 1 | View Replies]

To: maccaca

NO MORE ACORNS FOR OBAMA!

we can’t afford it...


3 posted on 10/10/2008 11:05:02 AM PDT by Republicus2001
[ Post Reply | Private Reply | To 1 | View Replies]

To: maccaca

This is W’s America. Like a lot of conservatives he never has liked the stock market, the financial or technology sectors. Now we are seeing the results.


4 posted on 10/10/2008 11:05:33 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: maccaca

Obama’s socialism doesn’t need a stock exchange.


5 posted on 10/10/2008 11:05:55 AM PDT by Melinda
[ Post Reply | Private Reply | To 1 | View Replies]

To: maccaca
And as long as people think Obama’s going to win it's gonna stay down.
6 posted on 10/10/2008 11:07:08 AM PDT by ryan71 (My hockey mom bitch-slapped your soccer mom)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62

he was a conservative?


7 posted on 10/10/2008 11:07:53 AM PDT by ari-freedom ("He (Obama) cannot win, Bill. He cannot win" -Hillary)
[ Post Reply | Private Reply | To 4 | View Replies]

To: All
Lehman Brother's CDS contracts are being sold at auction today and you all think that this mess is because Obama might get elected?

Sigh.....

8 posted on 10/10/2008 11:09:13 AM PDT by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: maccaca

Apple is UP $3.00 a share.


9 posted on 10/10/2008 11:09:55 AM PDT by edcoil
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62
This is W’s America. Like a lot of conservatives he never has liked the stock market, the financial or technology sectors. Now we are seeing the results.

You can have your steaming pile of horse manure back now.

10 posted on 10/10/2008 11:13:55 AM PDT by r9etb
[ Post Reply | Private Reply | To 4 | View Replies]

To: maccaca

Can’t pin this turd soley on Obama. The limp wristed republicans decided socializing the financial sector was wise. It is pure toxic poison to capitalism.


11 posted on 10/10/2008 11:15:08 AM PDT by pissant (THE Conservative party: www.falconparty.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ari-freedom

He’s had a couple of excellent Supreme Court picks, in spite of the Harriet Miers fiasco. Other than that, he and his dad seem to come from the Nixon wing of the GOP.


12 posted on 10/10/2008 11:17:05 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: r9etb
Looks like a picture of W's legacy to me.


13 posted on 10/10/2008 11:20:42 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: ryan71

Agree! If McCain moved towards parity in the polls, the stock market would follow.


14 posted on 10/10/2008 11:23:53 AM PDT by downtownconservative (Intelligence sans reason is vainglorious pulp)
[ Post Reply | Private Reply | To 6 | View Replies]

To: pissant

If our Republicans hadn’t decided that acting and spending like Democrats for the past 12 years was a winning formula, the may have the support of the people and might still have a majority.

The could have simply said no

No illegal immigration
No earmarks
No pork
No baseline budgeting
No deficit spending
No community reinvestment programs
No Fanny/Freddy drunken party


15 posted on 10/10/2008 11:24:09 AM PDT by listenhillary (Should we turn Alaska or Texas into our Galt's Gulch?)
[ Post Reply | Private Reply | To 11 | View Replies]

To: listenhillary

Well, instead they acted like socialists. Boehner, Cantor, and Shadegg all singing from the socialist hymnal and getting a large enough swath of republicans to give the dems cover to pass the bill. SCREW THEM


16 posted on 10/10/2008 11:26:23 AM PDT by pissant (THE Conservative party: www.falconparty.com)
[ Post Reply | Private Reply | To 15 | View Replies]

To: maccaca

Can’t hang this one on Obama, although the timing of it will no doubt ensure his election.


17 posted on 10/10/2008 11:28:08 AM PDT by microgood
[ Post Reply | Private Reply | To 1 | View Replies]

To: maccaca

Guess we moved straight from Clinton Holdovers to Obama’s America.

Who’s that dude in there now?

Oh, yeah, the guy who promised us Osama.

Instead we get Obama.


18 posted on 10/10/2008 11:31:06 AM PDT by swarthyguy
[ Post Reply | Private Reply | To 1 | View Replies]

To: maccaca

Thanks Barry, Nancy, Harry, Chris and Barney....The American economy couldn’t have gone into the ground without you. The world markets want to thank you as well.


19 posted on 10/10/2008 11:34:59 AM PDT by LottieDah (If only those who speak so eloquently on the rights of animals would do so on behalf of the unborn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: microgood
The stock market is a leading indicator, a forecast of what is to come. I think this market reflects a lack of confidence in the present leadership to deal effectively with the crisis and a belief an Obama administration would just make it worse by raising taxes and tariffs.
20 posted on 10/10/2008 12:27:05 PM PDT by colorado tanker ("I just LOVE clinging to my guns and my religion!!!!" - Sarah Palin)
[ Post Reply | Private Reply | To 17 | View Replies]

To: colorado tanker
The stock market is a leading indicator, a forecast of what is to come. I think this market reflects a lack of confidence in the present leadership to deal effectively with the crisis and a belief an Obama administration would just make it worse by raising taxes and tariffs.

It could, but the race is so close I cannot imagine they think Obama is a shoe-in yet. This week I think this week is mainly panic selling anyway, buying high and selling low.
21 posted on 10/10/2008 1:07:19 PM PDT by microgood
[ Post Reply | Private Reply | To 20 | View Replies]

To: microgood
What's interesting is that McCain is sailing against some very heavy headwinds and Obama shows a small lead in the polls, but The Chosen One clearly hasn't closed the sale. There are a lot of undecideds and a lot of uncertainty about the polls this cycle.
22 posted on 10/10/2008 2:48:04 PM PDT by colorado tanker ("I just LOVE clinging to my guns and my religion!!!!" - Sarah Palin)
[ Post Reply | Private Reply | To 21 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson