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US stocks fall sharply in early trading (DJIA -304)
AP ^ | Sep 6 | DAVID K. RANDALL

Posted on 09/06/2011 7:50:35 AM PDT by markomalley

U.S. stocks are sharply lower in early trading. The Dow Jones industrial average dropped more than 260 points. All 30 stocks that make up the Dow average fell.

The losses come after steep declines in European indexes. The Stoxx 600 Europe index fell 4.1 percent on Monday because of concerns that Europe's debt problems could slow growth around the world. The index fell another 1.4 percent Tuesday.

The U.S. economy is also weak. A Tuesday report on the U.S. service sector is expected to show the fourth straight month of declining growth.

It follows a jobs report Friday that that found that no jobs were added to the economy in August. It was the worst reading on the jobs market since September 2010. The report sent the Dow Jones industrial average down 253 points, or 2.2 percent, and wiped out all of its gains for the week. The Dow is now down nearly 3 percent for the year

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy
KEYWORDS: market; stocks; trading

1 posted on 09/06/2011 7:50:38 AM PDT by markomalley
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To: markomalley

I guess they are waiting for some hocus pocus walnut shell moving trick from the WH. The market never does like being controlled by politics, it reacts, always, has a MIND OF IT”S OWN.


2 posted on 09/06/2011 7:57:08 AM PDT by rovenstinez
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To: markomalley
Obomanomics.
ABO 2012 - ANYOBODY but Oboma 2012.

Under Bush, we had record market highs.
Under Bush, gas was $1.84.
Under Bush, food was 35% cheaper.
Under Bush, we only had 2 wars.
Under Bush, unemployment was only 5%.
Are we better off now than we were under George Bush?

3 posted on 09/06/2011 7:59:22 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: markomalley

Woe, dispair and agony. Look what they’ve done.


4 posted on 09/06/2011 7:59:47 AM PDT by Broker (Fighting time has come.)
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To: Broker
Cheer up....its only -270 points down now.
5 posted on 09/06/2011 8:01:55 AM PDT by spokeshave (Obamas approval ratings are so low, Kenyans are accusing him of being born in the USA.)
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To: rovenstinez

Obama has stated that he doesn’t pay attention to “the daily gyrations of the stock market”.

We could see a steep market decline as part of the backdrop for his big speech Thursday night.

I think he just wants to ignore what’s going on, and focus on clean green jobs, stopping the rise of the oceans, allow the planet to heal, and other liberal clap trap.


6 posted on 09/06/2011 8:03:06 AM PDT by Dilbert San Diego
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To: markomalley

Not to worry.

We have really smart Ivy League grads in charge of the whole situation.


7 posted on 09/06/2011 8:03:53 AM PDT by lurk
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To: spokeshave
Cheer up....its only -270 points down now.

Hope. Change.

8 posted on 09/06/2011 8:03:53 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: concerned about politics

Hope ain’t hiring.


9 posted on 09/06/2011 8:04:41 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: spokeshave

OOOOH

a 30 point dead cat bounce up to -270

and to think, QE2 was supposed to restore confidence in the stock market ....


10 posted on 09/06/2011 8:04:48 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: silverleaf

Don’t worry, Obama is going to explain how to fix the economy Thursday night.

Happy times will be here again after that.


11 posted on 09/06/2011 8:05:59 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: markomalley

The daily chart looks ugly as hell.


12 posted on 09/06/2011 8:07:05 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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To: markomalley

It’s getting scarier and scarier out there. Makes you wonder about the value of being in the market at all, in spite of all the patter about how the stocks will outperform bonds, etc.


13 posted on 09/06/2011 8:07:58 AM PDT by WashingtonSource
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To: Travis McGee

if obama was in charge of a more “primitive” society, Ben Bernanke would be covered in honey, staked out on an anthill


14 posted on 09/06/2011 8:08:39 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: Dilbert San Diego
Obama has stated that he doesn’t pay attention to “the daily gyrations of the stock market”.

I wonder if his faithful followers, the unions, are aware of what his Obomanomics plan is doing to their retirement money. He's bleeding them dry.
Should we tell them?

15 posted on 09/06/2011 8:09:07 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: WashingtonSource
The market can remain irrational longer than you can remain solvent

attributed to Keynes
16 posted on 09/06/2011 8:11:37 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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placemark


17 posted on 09/06/2011 8:13:24 AM PDT by lonevoice (schizophrenic hostage taking hobbit terrorist)
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To: concerned about politics

the unions think they know where to get more money - from you

just kill the tea party SOB’s if they show signs of resistance to raising taxes


18 posted on 09/06/2011 8:13:44 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: markomalley

Several experts that I read their articles and listen to their podcasts keep making the comment that our current situation is looking more and more like a repeat of late 2008, only this time it may be the European banking system that takes us to the edge (if not over the edge) of the abyss. I gotta admit, it’s looking more and more that way to me as well.


19 posted on 09/06/2011 8:15:08 AM PDT by OB1kNOb (To some, George Orwell's story, "1984" is a cautionary tale. To others, it's a "how to" manual.)
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To: silverleaf

Some of us will not be so easy to kill off.

LLS


20 posted on 09/06/2011 8:20:15 AM PDT by LibLieSlayer (Certified Al Palin Hobbit Terrorist)
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To: silverleaf

Keynes was so right on this one.

Happily, Apple seems to avoiding the bloodbath.


21 posted on 09/06/2011 8:24:06 AM PDT by WashingtonSource
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To: WashingtonSource

Doesn’t exactly help to hear that FORD is building a new plant . ..in India ...creating 5,000 jobs . . .in INDIA.

Forget the US. Greener pastures elsewhere, i suppose.


22 posted on 09/06/2011 8:28:02 AM PDT by LibsRJerks
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To: Travis McGee
Don’t worry, Obama is going to explain how to fix the economy Thursday night.

When the market drops sharply on Friday in response, he'll blame Republican traders.
23 posted on 09/06/2011 8:29:25 AM PDT by Deo volente (God willing, America will survive this Obamination.)
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To: Deo volente

When the market drops sharply on Friday in response, he’ll blame Republican traders. “

Most of them gave to his campaign.


24 posted on 09/06/2011 8:35:11 AM PDT by jessduntno (Obama shanks. America tanks.)
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To: Deo volente
Watch this

Obama will blame the coming market crash on GOP resistance to another huge stimulus to create “jobs”

He will blame the republicans who resist further deficit spending, for putting rich corporate executives and hedge fund traders ahead of the "working people", for putting their party ahead of jobs for the middle class and for putting special interests and big oil ahead of the country

He will try to make it "unpatriotic" to resist even more of HIS (failed) ideology of trillion dollar slush fund spending on special interests

He will blame the Tea Party for holding “hostage” those “moderates” in the GOP who would otherwise be willing to “compromise”

I am not a speechwriter for TOTUS but I did stay in a Holiday Inn Express one time

25 posted on 09/06/2011 8:53:10 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: silverleaf
This happens every time Oboma gives another repetitive speech about destroying the U.S. as we know it.
It's getting obvious.
26 posted on 09/06/2011 9:11:05 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Travis McGee
Hope ain’t hiring

Doesn't look like "change" is doing much hiring either.

27 posted on 09/06/2011 9:14:53 AM PDT by softwarecreator
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To: OB1kNOb

They’ve got the public brainwashed to believe the current systemic “banking” and so called “insurance”, should be called “industries”.

Watch for the next round of Bribe for Bailout by the systemic tentacles.

Systemic.


28 posted on 09/06/2011 9:17:39 AM PDT by Varsity Flight
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To: silverleaf

“( - - - I am not a speechwriter for TOTUS but I did stay in a Holiday Inn Express one time - - - )”

I think only Porky Pelosi and Reid-in-the-wind are his speechwriters.


29 posted on 09/06/2011 9:21:27 AM PDT by Graewoulf ( obamatrauma"care" violates the 1890 Sherman Anti-Trust Law.)
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To: Varsity Flight
Watch for the next round of Bribe for Bailout by the systemic tentacles.

Yeah, the person I was listening to on a podcast yesterday talked about how the european banks had gotten themselves into such a mess by buying up all the PIIGS junk status bonds, and so what does our idiot American banks do? Why they sell the EU banks credit default swaps as insurance to back those junk bonds. You are correct. The idiocy in the global banking "industry" is systemic. When it goes down the tube, it's ALL gonna go down the tube at the same time.

30 posted on 09/06/2011 9:29:04 AM PDT by OB1kNOb (To some, George Orwell's story, "1984" is a cautionary tale. To others, it's a "how to" manual.)
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To: silverleaf
if obama was in charge of a more “primitive” society, Ben Bernanke would be covered in honey, staked out on an anthill

We're not that advanced. Clover honey is readily available. The south has wonderful hills full of fire ants. I'm sure an accommodation can be made.

31 posted on 09/06/2011 9:57:06 AM PDT by Myrddin
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To: LibsRJerks
Ford will likely be building cars suitable to the Indian market. No UAW. No OSHA. No Obamacare. No environmentalists. Lower taxes. Lots of cheap labor. A fairly large pool of educated people. A better return on the capital investment.
32 posted on 09/06/2011 10:00:57 AM PDT by Myrddin
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To: LibsRJerks

GE is moving the headquarters of it’s medical imaging division to China. So much for the high tech jobs of the 21st century.


33 posted on 09/06/2011 10:21:15 AM PDT by Soul of the South (When times are tough the tough get going.)
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To: Myrddin

Yeah, I get it. It’s just sad that it’s not here, with so many unemployed.

Sad for America that we are basically Going out of Business as a country.

Time to clean house of all of these “barriers” to good business.


34 posted on 09/06/2011 11:01:06 AM PDT by LibsRJerks
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To: concerned about politics

You couldn’t have Obama without Bush. The last three Presidents of the US have proven disastrous.


35 posted on 09/06/2011 4:34:14 PM PDT by Sawdring
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