Posted on 06/15/2009 4:36:18 PM PDT by FromLori
What? No Goldman Sachs "buy programs" to save the rally? Read »
After getting hammered early on, stocks stayed low today and couldn't mount any meaningful recovery. The lack of a late-day rally was particularly remarkable, seeing as that kind of action has characterized the market for the past several weekends. No Goldman Sachs "buy programs" could save the bull today.
All of the major indices were off about 2.2%, with the Dow down 187.
Among the losers today: Financials, which were down across the board, commodities (down on dollar strength and recession concerns) and healthcare companies, as investors freak out about Obama's new scheme to reform the industry.
(Excerpt) Read more at businessinsider.com ...
Credit Card bubble looms..........
No recovery possible with Cap and Trade, Obamacare and full on Obamunism on the horizon.
Electing this clown, at this point in history, was worse than Carter and Clinton combined.
Have to agree. IMHO Carter was an idiot and Clinton a crook. Obama is a FASCIST.
Nothing remains but the fallout.
Cheers!
Or the phrase “things are going to get worse before they get worse.”
It would be nice to have a president that is bullish on America, maybe refer to it as the shining city on a hill (like Ronaldus Magnus). But no, we have an apologist in chief who seems to want to change the name of the National Museum of American History to the American Hall of Shame. To quote Hillary Clinton, “Shame on you Barrack Obama!”.
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