Dow Plunges 600, S&P and Nasdaq Sinks 6% [ -633 After Obama Speech ]

CNBC ^ | 8-8-2011 | CNBC

[NoLibZone]

Stocks took a sharp nosedive in another choppy day Monday to finish at session lows as investors fled from risky assets following S&P's downgrade of U.S.'s credit rating last week in addition to ongoing economic jitters.

[Osage Orange]

Wait a minute....

Sure he did something...he ordered more $100 bills to be printed!!

Then he ordered dinner...scheduled a golf game for next week-end..and a vacation for whenever the going get's to rough.

So you see...he's doing something.

[tcrlaf]

The DOW has plunged 1,800 plus points since it became clear that Democrats weren’t interested in any real solutions.

AND YOU WILL NOT BE HEARING THAT on any non-FOX MSM broadcast tonite.

[GeronL]

It’s really amazing to read the letters to the editor of sheeple attacking the TEA Party for causing the downgrade isn’t it?

Even though the TEA Party opposed the debt deal more than any other demographic the MSM and libs excalimed it as a “TEA Party victory” for just this reason; they KNEW the downgrade was coming and that was the set up.

The RINO’s went ahead and threw the briar rabbit in the briar patch.

[EasySt]

Anyone else notice the exactly 6.66% decline at S&P’s close?

Barakolypse Obamageddon confirmed, I guess...

[ez]

Bravo!! S&P said it...cut, cap, and balance was the only plan that would have avoided downgrade. It was the ADULT solution to the problem and Harry Reid declared it DOA. The “intransigent” leftists declared anything that touched social programs a non-starter.

[newzjunkey]

“Heck of a job, Barry!”

[Atlas Sneezed]

Last time I saw gold and platinum this close was back in 2008 around crash time.

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The rule of thumb is that when gold=platinum, you should swap gold for platinum, because when you swap back, you’ll end up with a lot more gold than you started with.