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Dow ends below 10,000 on economic worries
Reuters/YahooNews ^ | 8/26/10

Posted on 08/26/2010 1:46:40 PM PDT by Kartographer

The Dow closed below 10,000 on Thursday for the first time since early July a day ahead of an expected downward revision in U.S. second-quarter economic growth and a major speech by the Federal Reserve chairman.

According to the latest available figures, the Dow Jones industrial average (DJI:^DJI - News) dropped 74.25 points, or 0.74 percent, to 9,985.81. The Standard & Poor's 500 Index (^SPX - News) lost 8.09 points, or 0.77 percent, to 1,047.24. The Nasdaq Composite Index (Nasdaq:^IXIC - News) fell 22.85 points, or 1.07 percent, to 2,118.69.

The last time the Dow finished below 10,000 was July 6.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; Government
KEYWORDS: bho44; bhodjia; bhoeconomy; dow10000; dow10k; economy; wallstreet
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To: Roccus

Marvin Nicholson, White House trip director, left, and friend Cyrus Walker, right (White House can’t provide information about him for some reason)

Cyrus Walker
Principal
Nemco Brokerage
Q1/2007
Barack Obama
$2,300


41 posted on 08/26/2010 3:18:30 PM PDT by kcvl
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To: mikelets456

Maybe a negative 1% prime rate would do the trick. Call it the “Cash for Cashier’s Checks” program.


42 posted on 08/26/2010 3:25:37 PM PDT by P.O.E. (Compact Theory)
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...
...for the first time since early July a day ahead of an expected downward revision in U.S. second-quarter economic growth and a major speech by the Federal Reserve chairman.
A drop in the interest rate leads to a rally; this is one of those lessons about "buy on mystery, sell on history". Thanks Kartographer.
43 posted on 08/26/2010 3:48:12 PM PDT by SunkenCiv (Democratic Underground... matters are worse, as their latest fund drive has come up short...)
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To: Kartographer

More Obama depression news. The O-pression for short.


44 posted on 08/26/2010 3:50:50 PM PDT by RKBA Democrat (Amateurs study tactics, professionals study logistics, and victors study demographics.)
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To: Kartographer

Good lyrics.

Recovery Summer goes into Flatline Fall.


45 posted on 08/26/2010 4:09:47 PM PDT by drierice (Last year's stimulus cost more than six years of the Iraq war.)
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To: Kartographer

When will we see it below 5000?


46 posted on 08/26/2010 4:27:12 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Oldexpat

I watched a special on the Great Depression, and I wish that I could find the same one again. It went into detail about how the market crashed a few weeks (maybe two) before Black Tuesday, and how people were pulling out. Then they convinced some of the super rich (my term, not the documentary’s) to reinvest, and so other followed suit, but they pulled out the rug from under everyone else. And when it crashed again on Black Tuesday, they had made their money and refused to put money back in, because they didn’t care about anyone else.

I’ve been advising my parents to get out for almost 3 years now. I dunno if they will or not. I wish I could find the documentary again, it was a good one, in my opinion.


47 posted on 08/26/2010 5:13:33 PM PDT by JDW11235 (I think I got it now!)
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To: kcvl

” What me worry?”


48 posted on 08/26/2010 5:41:23 PM PDT by Para-Ord.45
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To: dead

Obama's three economic advisors


49 posted on 08/26/2010 5:45:50 PM PDT by VRW Conspirator ( Where is Hugh Series?)
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To: Kartographer
Dow ends below 10,000 on economic worries

...and two postings below in Breaking News...

Obama Says "I'm Having a Great Time" On Vacation

Sums it all up!

50 posted on 08/26/2010 5:50:38 PM PDT by massmike (...So this is what happens when OJ's jury elects the president....)
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To: Kartographer
any more stimulus, and we'll need a defibrillator...
51 posted on 08/26/2010 6:07:37 PM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: Son House

The delusional life isn't for everyone.
52 posted on 08/26/2010 6:14:29 PM PDT by Lady Jag (Double your income... Fire the government)
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To: dead

Paging Dr Howard, Dr Fine, Dr Howard.....


53 posted on 08/26/2010 6:27:42 PM PDT by Vermont Lt (I lived in VT for four years. That was enough.)
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To: Kartographer

Keep it up, Bamster! You’re makin’ me a wealthy, wealthy woman! :)

http://www.321gold.com/


54 posted on 08/26/2010 6:31:04 PM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: Diana in Wisconsin

I would like to take a moment to thank the DIMs, LIBs & other assorted losers for continuing to screw-up my investments. Thanks a lot, you loser FREAKS.


55 posted on 08/26/2010 6:47:17 PM PDT by hal ogen (1st amendment or reeducation camp?)
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To: hal ogen

The LibTards TOLD you that our strength lies in ‘diversity.’

However, I read it as I should ‘diversify’ my investments. ;)


56 posted on 08/26/2010 7:03:55 PM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: RKBA Democrat

The Zero Syndicate will do all they can to keep the Dow above 10k before the elections, just as they’ve fixed the numbers to keep “official” unemployment below 10%.


57 posted on 08/26/2010 7:08:00 PM PDT by festivus162
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To: Kartographer

58 posted on 08/26/2010 7:35:13 PM PDT by ScottinVA (The West needs to act NOW to aggressively treat its metastasizing islaminoma!)
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To: mikelets456

THANKS, Osama!


59 posted on 08/26/2010 8:00:15 PM PDT by 2harddrive
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To: Oldexpat
funny as a consumer I'm not buying until we get some serious deflation going on in the system.

My wage hasn’t budged in the last 3 years It's time my expenses come down with my wage.

the CEO’s can not have it both ways inflation of prices and deflation of wages.

60 posted on 08/26/2010 8:10:23 PM PDT by unseen1
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