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Dow Industrials Fall to 7-Week Low
Wall Street Journal ^ | 8/24/10 | Jonathan Cheing

Posted on 08/24/2010 5:29:37 PM PDT by Nachum

Global economic woes gripped investors on Tuesday, roiling financial markets from Tokyo to Dublin to New York. Worries that started in Asia continued in the U.S. after housing numbers painted a grim picture of the economy. In the U.S., the Dow Jones Industrial Average dropped to its lowest close in seven weeks. The Dow finished down 133.96 points, or 1.3%, at 10040.45, its fourth consecutive decline and its ninth losing session in the past 11. The measure fell below 10000 during the day. Day after day, investors have been hit with more evidence that the economy is stalling.

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


TOPICS: News/Current Events
KEYWORDS: dow; fall; industrials; low

1 posted on 08/24/2010 5:29:42 PM PDT by Nachum
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To: Nachum

One word: Hindenburg!


2 posted on 08/24/2010 5:30:54 PM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Nachum

3 posted on 08/24/2010 5:31:47 PM PDT by Signalman
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To: Bushbacker1
What about Heisenberg? We have no idea what is going to happen next.

Things are going up, down, and strange, and the one with all the charm is doing his best to keep things unobservable.

4 posted on 08/24/2010 5:32:57 PM PDT by who_would_fardels_bear (These fragments I have shored against my ruins)
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To: Signalman

5 posted on 08/24/2010 5:33:23 PM PDT by Red in Blue PA (Anti-Gunners suffer from Factose Intolerance)
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To: Nachum

Thank you, you commie muslim country destroyer in chief. You, sir, you SOB, you are totally responsible for the economy going in the tank with your socialist agenda.


6 posted on 08/24/2010 5:35:22 PM PDT by taillightchaser
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To: Nachum

” Day after day, investors have been hit with more evidence that the economy is stalling “

Day after day, investors have been hit with more evidence that we’ve been consistently and systematically lied to about the state of the economy....


7 posted on 08/24/2010 5:36:16 PM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Uncle Ike

As Bernake keeps on enabeling Obama and Co.


8 posted on 08/24/2010 5:37:27 PM PDT by screaminsunshine (m)
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To: Nachum
Dow Industrials Fall to 7-Week Low

On the plus side,ice cream shoppes are doing great on the Vineyard this week...


9 posted on 08/24/2010 5:41:25 PM PDT by massmike (...So this is what happens when OJ's jury elects the president....)
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To: Nachum
I was watching the stock market this morning and I was wondering who or what was propping the Dow up to keep it above 10,000.
10 posted on 08/24/2010 5:42:43 PM PDT by 1776 Reborn
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To: Nachum

Not cheap enough yet.

Watching, have cash.

Not yet.


11 posted on 08/24/2010 5:46:57 PM PDT by proxy_user
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To: 1776 Reborn

That would be buyers coming in at dow 10,000- ...


12 posted on 08/24/2010 5:54:25 PM PDT by dartuser ("Palin 2012 ... nothing else will do.")
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To: dartuser

But who and why?


13 posted on 08/24/2010 5:55:37 PM PDT by 1776 Reborn
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To: Red in Blue PA

The Imam’s Hindenberg needs a muslim crescent and a hammer & sickle.


14 posted on 08/24/2010 6:01:42 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: massmike

My goodness that man likes ice cream! See, he’s got that skinny metabolism, he can eat ice cream all the time and not get fat! (Was that racist?)


15 posted on 08/24/2010 6:03:05 PM PDT by jocon307
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To: 1776 Reborn

Treasury is probably trying to hold 10,000.

Most small investors no longer trust the market but these same idiots drool over TV where every channel supports The Imam. 24x7x365 of total propaganda on every tv channel.


16 posted on 08/24/2010 6:04:16 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: Frantzie

The sickle already has the crescent in it, Frantzie. ;>


17 posted on 08/24/2010 6:04:51 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: dartuser

I think it was just psychological support at 10k ... institutional buying at that support level. If the dow breaks below 10k decisively, those same institutions will sell their positions in a heartbeat.


18 posted on 08/24/2010 6:07:53 PM PDT by dartuser ("Palin 2012 ... nothing else will do.")
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To: 1776 Reborn

Skynet has control of this market......period. It is nothing but machines trading back and forth lately. The joke is it hits a level and they flip the Skynet switch.


19 posted on 08/24/2010 6:10:07 PM PDT by sheana
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To: proxy_user

I haven’t changed a thing. It is unsettling but I do hope the increase in share buys pays off well in the long run.


20 posted on 08/24/2010 6:15:13 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: 1776 Reborn

who or what was propping the Dow up to keep it above 10,000. <<

The PPT.......They been doing it for ages
It’s a national security issue
Read their mandate...


21 posted on 08/24/2010 6:49:37 PM PDT by M-cubed
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