Dow plunges nearly 430 to fall below 8,000 mark

http://www.breitbart.com/article.php?id=D94I822O0&show_article=1 ^

[screaminsunshine]

Make that the Obama Depression. Deflation is the result of Obamanomics.

[ladyjane]

the recovery may take place during his administration,

I think we will be very lucky if the recovery takes place during his administration. I'm not that optimistic.

[Boiling Pots]

The more I think about it, the more I believe Bush was out to sabotage McCain.

Paulson himself talked the markets down with his public panic attack.

McCain could never shake the market meltdown. He was up in the polls prior.

[Syncro]

On the last day of the Clinton administration, the economy was touted as doing fine although his 8 years took the booming Reagan economy from very good to terrible.

On Jan 21, 2001 the economy was all of a sudden terrible, and it was Bush's fault.

Applying the liberal principle, the economy is now Obama's fault. Period.

[mc5cents]

I got the feeling we will wish we had that old incompetent peanut farmer back before this is over. Oh,lord, we are in deep doo-doo.

Why it happened

[RoseofTexas]

Honestly folks, it would have been better if the DROP OFF would have come right after OsAMA took the oath of office! Either way you see it, it is NOT good for the USSA! Not good at all.

[OB1kNOb]

OBUMMER's FAULT !!

[Bon mots]

The left-wing media will pin the crash on Bush.

Bush destroyed the economy.
Obama is going to be sworn in - if he can prove he was in fact actually born in Hawaii and not Kenya - on January 20th.

By then, most of the damage will be done.

[Ole Okie]

So, if he raises taxes like he promised, it will take much longer to recover.

But but but but 95% of the Amurican peeps are to get a tax cut.

What is this tax increase stuff?

Does this mean the Obamanation's word can't be depended on?

[CottonBall]

Can Fed rates go negative? What will they do when it’s at zero?

[sarasota]

Believe it corresponds to folks having to cash out their retirement earnings as well as companies abandoning 401k’s altogether.

[headstamp 2]

“After considering it for several weeks, I got out of the market today. Moving my whole nest egg (what’s left of it) to money market funds.”

Phased out myself starting in about April ‘08, completely out by August.

[CottonBall]

I cashed out when he got in. I am 25% in old silver melt coin and 75% in mattress savings and loan. I am shopping at Goodwill and stocking up on Captain Morgan.

Ditto here, although I still trust the FDIC insurance. For some reason. We're thinking we should move somewhere where we can raise crops...

[Boiling Pots]

Since 95% of the people do not pay income taxes, it would be impossible to give them an income tax cut.

But, he repeated his lying “promise” over and over, and the media repeated it over and over, and people believed it.

[Carley]

They told us the market was dropping because the price of oil was rising.

Now the oil prices are dropping and they have a new excuse.

These wild swings in the market are the result of rampant short selling and speculation by the hedge fund managers and certain billionaires.

[longtermmemmory]

The problem is the “I got mine” class who supported Obama WANT high taxes.

Buffet who sells death tax insurance, WANTS the death tax.

Some of the other billionares were on CNBC saying tax increases on the rich were GOOD!

idiots.

[CottonBall]

After considering it for several weeks, I got out of the market today. Moving my whole nest egg (what’s left of it) to money market funds.

I'm all out as well. I would've likely gotten back in slowly if McCain was elected, but now...no way!

[word_warrior_bob]

The Hitler uni-testicle story had impact no doubt, but the faked moon landing revelation caused a dip in technology stocks as well.

[Emmett McCarthy]

I’m a hedge fund manager. See, me and the other guys who live out behind the hedges are going to “go long” on Gallo Vin Rose or MD 20/20. Our sales pitch is based on hope and change - “We hope you’ll give us some change”. I’ll let you know how it works out in case you want to get in on the action, OK?