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 ...
I’m in The House of Pain.
“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.
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.
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.
“...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.
Japan’s down by 175 already,it’s gonna be a long day for traders over there.
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.
Yep, probably when it/we go down, it all goes down w/ us. “Any nation is only three meals away from anarchy.”
Yep, probably when it/we go down, it all goes down w/ us. “Any nation is only three meals away from anarchy.”
Yep, probably when it/we go down, it all goes down w/ us. “Any nation is only three meals away from anarchy.”
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.
That’s not good news.
That’s not good news.
That’s not good news.
:) :) :)
DOWN DOWN AND DOWN IT GOES
It is UGLY
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”
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