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The Market Does Something It Hasn't Done Since The Worst Of The Financial Crisis
TBI ^ | 8-2-2011 | Joe Weisenthal

Posted on 08/02/2011 4:50:04 PM PDT by blam

CHART OF THE DAY: The Market Does Something It Hasn't Done Since The Worst Of The Financial Crisis

Joe Weisenthal
Aug. 2, 2011, 4:15 PM

Today's huge drubbing for stocks makes 8 straight down days for the Dow.

The last time this happened?

The depths of the financial crisis, in October 2008.

Just saying.


(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: collapse; default; djia; economy; greater; investing; markets; teotwawki

1 posted on 08/02/2011 4:50:11 PM PDT by blam
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To: blam

I’m in The House of Pain.


2 posted on 08/02/2011 4:51:24 PM PDT by BipolarBob (Yes I backed over the vampire but I swear I didn't see him in the rearview mirror.)
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To: blam
STOCKS GET DESTROYED, DOW FALLS 266, GOLD SURGES: Here's What You Need To Know
3 posted on 08/02/2011 4:51:36 PM PDT by blam
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To: blam

4 posted on 08/02/2011 4:55:50 PM PDT by blam
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To: blam
Earlier today I saw a headline that said something along the lines of “Stocks Rise Sharply on Debt Deal”, and I remember thinking we've turned Orwellian when an increase is called a cut, and stocks falling are said to rise.
5 posted on 08/02/2011 5:03:42 PM PDT by Ellendra (God feeds the birds of the air, but he doesn't throw it in their nests.)
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To: blam

“sayin’” what, that it looks like a bottom?


6 posted on 08/02/2011 5:15:34 PM PDT by _a_0_0_
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To: _a_0_0_
"“sayin’” what, that it looks like a bottom?"

I don't know. One article said 'intense trading' at the end of the day today...it was headed down during that period, so...

I expect the Asian markets to be down...we'll see in a little while.

7 posted on 08/02/2011 5:23:39 PM PDT by blam
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To: blam

The Dow slipped a little during Hussein’s lame speech. When he finally finished his lying and shut up, the market went over the edge.


8 posted on 08/02/2011 5:34:03 PM PDT by Scanian
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To: blam

The S&P today went below it’s 200 day moving average, a bad sign. Yesterday a really bad manufacturing index report, today a really bad consumer spending report, also a bad consumer confidence report (duh) and more serious turmoil in the Euro zone. The next three days we get employment related reports: expect more bad news and further markets and financial bleeding.


9 posted on 08/02/2011 5:45:51 PM PDT by citizen (Romney/Christie or Rubio!! Either would be great. Bachmann fading...No more Dick Obama in 2012!)
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To: citizen

“...and more serious turmoil in the Euro zone.”

The global economy is like a house of cards. It does not matter how great one nation deals, it’s going down with all the rest when crash time comes. It’s hooking all the cars of the world to the caboose of the United States or if Obama’s hope comes true, China. When any one car derails, it’s doom time for everyone.


10 posted on 08/02/2011 6:09:21 PM PDT by SaraJohnson
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To: blam

Japan’s down by 175 already,it’s gonna be a long day for traders over there.


11 posted on 08/02/2011 6:14:05 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: blam
The last time this happened? The depths of the financial crisis, in October 2008.

The big difference this time, of course, is the quality of the team at the helm. The guys running the show in Oct 08 believed in markets.

This bunch of communist idiots...omg...we could see a genuine freefall, panic, rats-fleeing-the-ship kind of utter malicious mishandling (never mind "wasting") of a crisis.

12 posted on 08/02/2011 6:35:01 PM PDT by _a_0_0_
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To: SaraJohnson

Yep, probably when it/we go down, it all goes down w/ us. “Any nation is only three meals away from anarchy.”


13 posted on 08/02/2011 7:43:00 PM PDT by citizen (Romney/Christie or Rubio!! Either would be great. Bachmann fading...No more Dick Obama in 2012!)
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To: SaraJohnson

Yep, probably when it/we go down, it all goes down w/ us. “Any nation is only three meals away from anarchy.”


14 posted on 08/02/2011 7:43:18 PM PDT by citizen (Romney/Christie or Rubio!! Either would be great. Bachmann fading...No more Dick Obama in 2012!)
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To: SaraJohnson

Yep, probably when it/we go down, it all goes down w/ us. “Any nation is only three meals away from anarchy.”


15 posted on 08/02/2011 7:43:18 PM PDT by citizen (Romney/Christie or Rubio!! Either would be great. Bachmann fading...No more Dick Obama in 2012!)
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To: citizen

Don’t know why it did 3 posts. I did click twice but from another window the first time...wish we could clean up our typos and dbl posts, etc.


16 posted on 08/02/2011 7:46:22 PM PDT by citizen (Romney/Christie or Rubio!! Either would be great. Bachmann fading...No more Dick Obama in 2012!)
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To: Farmer Dean; SaraJohnson; _a_0_0_
Asian Markets Getting Smashed Tonight (Nikkei -2.3%)
17 posted on 08/02/2011 9:03:18 PM PDT by blam
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To: citizen

That’s not good news.
That’s not good news.
That’s not good news.
:) :) :)


18 posted on 08/02/2011 10:14:36 PM PDT by SaraJohnson
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To: BipolarBob
Come join our Asian Bloodbath Bob

DOWN DOWN AND DOWN IT GOES

It is UGLY

An American Expat in Southeast Asia

19 posted on 08/02/2011 10:39:59 PM PDT by expatguy (The Expat Needs Beer Money - Cough Up!)
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To: expatguy; All

MEANWHILE, IN AMERICA....

The Official State Propaganda Organs are trying to PLAY DOWN what’s happening in Asia, leading with headlines for morning like USA Today’s:

“Asian markets unmoved by U.S. debt deal
HONG KONG — Asia-Pacific markets shrugged off the U.S. government’s debt-limit compromise to avert a default amid fears that America’s faltering economy could endanger the global recovery.”

Read further, of course, and the story becomes very different than the headline, but how many people read past headlines, anymore?

Or, try Reuter’s:

“US debt deal welcomed in Asia, downgrade still possible”
and:
“S&P says markets have discounted possible US downgrade”


20 posted on 08/02/2011 10:54:10 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: tcrlaf
Wow! That ain't the reality here FRiend.

Markets Closing Here in less than 3 hours and it is not pretty.

An American Expat in Southeast Asia

21 posted on 08/02/2011 11:37:38 PM PDT by expatguy (The Expat Needs Beer Money - Cough Up!)
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To: citizen
Don’t know why it did 3 posts. I did click twice but from another window the first time...wish we could clean up our typos and dbl posts, etc.

“Any nation is only three meals away from anarchy.”

I just hope you didn't click you heels together three times, too.

22 posted on 08/03/2011 12:20:21 AM PDT by _a_0_0_
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To: BipolarBob
Dow Jones Industrial Average (1900 - Present Monthly)


23 posted on 08/03/2011 12:34:13 AM PDT by Yosemitest (It's simple, fight or die.)
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To: Yosemitest

I sleep so well, 100% in Gold and Silver. Market crash has nothing to do with Debt Resolution. The problem is Italy and Spain are both about to go under, Spain withdrew a Bond sale Tuesday, Interest required to sell the bonds 12%. Greece is going to default, why not, they can come out of it without any debts, new currency will be one of the strongest in Europe. Only one really hurt will be the French Bankers, largest holder of Greek Bonds.Gold up $ 70.00 this week


24 posted on 08/03/2011 2:32:09 AM PDT by BooBoo1000 (Ear more"KIMCHI".)
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To: SaraJohnson

hahahah
hahahah
hahahah
lololol

Must laugh sometimes to keep from crying...


25 posted on 08/03/2011 5:21:04 AM PDT by citizen (Romney/Christie or Rubio!! Either would be great. Bachmann fading...No more Dick Obama in 2012!)
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