Skip to comments.Stocks slump on sequestration, Italy fears
Posted on 02/25/2013 2:09:23 PM PST by John W
The Dow falls 216 points in its worst day since November, as investors worry that spending cuts will harm the economy. The Italian election, meanwhile, unsettles those who thought Europeans were getting their act together.
When Monday began, a lot of investors and traders could be excused for thinking the stock market was holding up quite well -- considering the worries about cuts in federal spending and a resumption of worries about political and economic instability in Italy.
But the stock market slid during the day, and then just plain tanked. The Dow Jones Industrial Average closed down 216 points to 13,784, its worst loss since Nov. 7. Those cheery feelings about the resilient market? Gone.
(Excerpt) Read more at money.msn.com ...
I hate these after the fact market analysis pieces. They can say almost anything, who is to argue with them?
It’s as if they had a weather post caster:
Well, it rained today because it got cloudy.
And it snowed yesterday because it got cold and cloudy.
What Italy fears? I’ve been checking free republic as I work throughout the day and I haven’t read a thing about any breaking news in Italy.
LIVE: NIGHTMARE FEARS GROW THAT ITALY MAY BE ‘UNGOVERNABLE’ AS BERLUSCONI SURGES
I think people are worried about what Burlesconi will do to the country now that he is back. Things haven’t been going well in Spain either, and then, there is always Greece.
You mean all that easy government money just simply buying a politician is going to slow down... Give more food-stamps, Pelosi says that is the fastest way to improve the economy.
I do not like sounding like I am wearing a tinfoil hat and I won’t pretend that I know how he did it, but I flat do not believe in coincidences and am convinced that Obama orchestrated this.
Only four days to sequestration and this comes up..... Nope, there is no way that Obama didn’t get this done.
We are war within our own boarders and this is just one more attack.
God save the Republic.....
There is a new adage in the financial biz these days that any prolonged decline is the way Big Money tells the Republicans that they need to cave in again to statist policies like Federal Reserve counterfeiting, budget sleight of hand, Congressional shenanigans, less scrutiny of banks and Wall Street, etc.
That sure fits.
The markets are just one more area that can be (for the short term at least) manipulated by those in power to achieve their desires. In this case it is to add pressure to those that dare stand in the way. It is not the only area, but it is an important one.
Yeah... I had 14% gains on a stock I invested in in January... and in 3 days that gain is about gone... This smells familiar. Dow 3000 by May.... LOL.
I am seriously considering just bugging out... drop off the face of the sRt and go live in a cave somewhere.
Italy as a security?
800% Debt/GDP and the “Paper Makers” once again exposed for selling so called “securities.”
36% Unemployment among the young.
And the Front Man for the Paper Makers, goes to Capital Pit this morning.