Posted on 11/07/2012 8:37:31 AM PST by madison10
Stocks took a sharp nosedive across the board Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe's economy reemerged.
The Dow fell below 13,000, while the S&P 500 traded under 1,400 for the first time since early September...
(Excerpt) Read more at cnbc.com ...
That’s because the market is completely disconnected from reality.
Like you said, today’s losses will be erased by tomorrow’s gains - and perhaps even surpassed. And the mainstream media, no doubt, will proclaim this as another sign that Obamao has inspired confidence in people everywhere.
Next support is at 12.8k, and we’ll be back down to July’s numbers.
......And in turn, you will pay dearly for this by launching the second American civil war in response back by those whom you will try to seek revenge to who are not for you.
Apple is now in bear market territory, down more than 20%. Our nation is mathematically challenged.
The Washington Post has an article on the fall. It’s blaming it on Europe. Yeah, because last night’s election had nothing to do with it.
"Remember the infamous phrase.... “do not let a crises go to waste.”
Yep. Just watch: the leftists are going to be salivating over a new opportunity to fully nationalize the banks, and impose severe controls over the free-market...
Especially 0bama’s union thugs who destroyed or didn’t count Romney ballots last night. Lower turnout than for McCain in 2008?? Seriously? Do I believe that? HELL NO, Not for ONE second.
Wait until the crash in a month or two.
Christmas shopping? Nope. Let the DimRat seasonal retail workers starve.
If there were some way I could help kick it over the cliff, I would.
You left out banning guns.
It’s time to stock up on ammo and weapons. Prices on guns are going up as we speak. Get them now or never!
I bet the Dow goes down 500-600 by the end of the day.
Ebenezer 'Obama' Scrooge
The administration did ask the EU to not make any alarming moves regarding Spain and Greece. I think they complied and today is the day Greece was forced to vote on more austerity plans.
Watch King Obama will throw billions at the market and it will come back. That will be the biggest bailout in history. Just thinking. I know, it cannot happen but I don’t trust that lying piece of garbage.
“Not to be nasty...well, yes, to be nasty. Zero2Neros:See what happens when you vote for a guy who doesn’t have a clue?”
He has a clue. He wants this.
Wonder how much Soros is making off the dive? and how long will it last.
With the election over wonder when a run on the banks start??.
Well, at least we won’t have to worry about hyperinflation any time soon.
All the printing of dollars doesn’t translate into inflation until it starts moving and demanding goods.
Food and gas, though, are going to get pricey.
If I had my way
If I had my way in this wicked world
If I had my way
I would tear this old building down
— Rev Gary Davis
Obama EV 300+ ==> DOW -300 and more.
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