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 ...
One word: Hindenburg!
Things are going up, down, and strange, and the one with all the charm is doing his best to keep things unobservable.
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.
” 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....
As Bernake keeps on enabeling Obama and Co.
On the plus side,ice cream shoppes are doing great on the Vineyard this week...
Not cheap enough yet.
Watching, have cash.
Not yet.
That would be buyers coming in at dow 10,000- ...
But who and why?
The Imam’s Hindenberg needs a muslim crescent and a hammer & sickle.
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?)
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.
The sickle already has the crescent in it, Frantzie. ;>
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.
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.
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.
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