Since its nomination: The DOW has actually lost 7,000 points.
Why only the “2000 point loss” that NBC claims?
Sir Engineer, I believer your tagline answers your question.
My guess is that they are accounting for the Subprime unwinding and other factors that were already in play. I don’t think there was ever a question that the market was due for some rough weather. These guys are just saying that the 0 is making things worse, to the tune of 2000 points.
Nonsense. How could the Dow drop 7000 points, It is at 6,625 now. When was it 13,625?
I think he means that the market would be 2000 higher than it is today without Obama being a moron.
The gap between 9000 and 14000 is cheap credit funny money that was destined to die no matter how conservative the new president.
The drop below 8000 can be attributed to Obama.
There will be no recovery until Obozo is out of office.
NO RECOVERY, NONE until he is out of office.
What nonsense.
Obama is not doing anything positive for the markets, but the last time the Dow was at 14,000 was in the fall of 2007.
Since the just before Obama took office.
In the time that Obama has been in office, the market is off from 7949 (closing DJIA on 1/20) to what looks like it will be a close in the 6600+ area today.
The loss since last summer into November - that’s the banking system collapse. Much of that selling was huge short positions being laid on and huge fear being generated.
ABB?