Stocks plunge on economic fears [Vacation Time!]

CNN Money ^ | August 18, 2011 | By CNNMoney staff

[Oldeconomybuyer]

NEW YORK -- Turmoil returned to U.S. stock markets at Thursday's open as renewed concerns about the global economy sent major indexes plunging and pushed gold to a new record high.

Investors were working through bad news on various fronts, including a dismal forecast from Morgan Stanley for global economic growth, and two U.S. government-issued reports on inflation and the job market.

[Oldeconomybuyer]

[dforest]

Oh shaddup, he is eatin’ his waffles and ice cream and deckin’ out to hit the links while he comes up with a new way to sell the same failure and blame those republicans.

[Darteaus94025]

Obama’s bus tour was a traveling flash mob.

[the invisib1e hand]

Oh shaddup, he is eatin’ his waffles and ice cream

Somebody needs to come up with Obama Double Dip cones.

They can be chocolate and vanilla, of course.

And covered in bullsh!t.

[Atlas Sneezed]

[Darteaus94025]

And now the flash mob arrives in Martha’s Vineyard.

[RayChuang88]

This is all the more reason why Obama may even face the possibility that the Democratic National Committee will ask him NOT to run for re-election. Despite what the MSM says, I think the internals among Democratic pollsters show that Obama now faces a defeat on at least the scale of 1980 on November 2012.

With more and more companies and Americans closing their pocketbooks out of fear of coming really bad times, Obama's attitude is lowering confidence that he could guide the American economy out of its current doldrums.

[RadiationRomeo]

I would have expected the markets to be more calm with Obummer out of DC.

[blam]

The DJIA id down 335 as I post.

[knarf]

A couple o'mill for two busses for 3 days ?

This makes sense, how ?

Drug smuggling?

Is Mena shut down ?

[relee]

The DOW dropped 100 points as Secretary Clinton was speaking!

[Leroy S. Mort]

10 year treasuries now below 2%.

[Free Vulcan]

The Philly Fed and existing home sales report just came in really really ugly and the markets dived.

[Diogenesis]

[kristinn]

Dow now down over 500.

[spokeshave]

Dow now down 500 points at 10,904 and dropping.

[silverleaf]

and to think, I bought my first gold yesterday based on a heavy sinking feeling

[Roccus]

Awwwww, what the hell......I’m just gonna go fishin’.

[concerned about politics]

and to think, I bought my first gold yesterday based on a heavy sinking feeling

Can't eat gold.

[roaddog727]

Zero OWNES this Economy.

IT’s ALL ZERO’s FAULT!