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Stocks Nosedive 2%, Dow Plummets 350 on Fed Taper Talk; Vix Hits 20 for First Time in 2013
CNBC ^ | 6/20/13 | JeeYeon Park

Posted on 06/20/2013 12:47:00 PM PDT by SoFloFreeper

Stocks took a sharp nosedive across the board Thursday, with the Dow on track for its worst day of 2013, after Federal Reserve Chairman Ben Bernanke hinted the central bank may scale back its asset purchases later this year.

With the declines from the last two sessions, the Dow and S&P 500 have wiped out all of their gains from May and June.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; Politics/Elections
KEYWORDS: fail; jobs; obama; taxes
But hey, don't worry America--OBAMA IS STILL DOING FUNDRAISERS AND RAKING IN MILLIONS.
1 posted on 06/20/2013 12:47:00 PM PDT by SoFloFreeper
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To: SoFloFreeper
Like any drug addict, the markets are having withdrawal symptoms.
2 posted on 06/20/2013 12:48:24 PM PDT by TexasCajun
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To: SoFloFreeper
Obama fundraiser in chief
3 posted on 06/20/2013 12:49:17 PM PDT by SoFloFreeper
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To: SoFloFreeper

-364............


4 posted on 06/20/2013 12:49:40 PM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: TexasCajun

Oh, absolutely. Nothing good will come from printing money...my point is, this is just the beginning. So much trash has been generated out there, no REAL recovery has taken place.


5 posted on 06/20/2013 12:50:05 PM PDT by SoFloFreeper
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To: SoFloFreeper

Is it not obvious that printing money and deficit spending benefit no one? (Or are they just going to continue on the road to he**?)

Just asking.

IMHO


6 posted on 06/20/2013 12:50:08 PM PDT by ripley
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To: SoFloFreeper
I’m not worried Obama is about to make a $100 million + vacation to his home continent! that should help spur the economy!

oh wait... that would only help spur his home continents economy!

7 posted on 06/20/2013 12:51:50 PM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: ripley
Is it not obvious that printing money and deficit spending benefit no one?

Only politicians...........

8 posted on 06/20/2013 12:52:06 PM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: ripley

It benefits the Washington Elite.


9 posted on 06/20/2013 12:53:05 PM PDT by Tea Party Terrorist (Those who work for a living are now outnumbered by those who vote for a living.)
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To: SoFloFreeper

the shadow government giveth, and it taketh away.


10 posted on 06/20/2013 12:53:44 PM PDT by dadfly
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To: SoFloFreeper

This does not bode well for Return of Son of Recovery Summer XXIII...


11 posted on 06/20/2013 12:54:38 PM PDT by ZirconEncrustedTweezers (The average American voter is an idiot. Which is how the Dems want it.)
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To: SoFloFreeper

12 posted on 06/20/2013 12:56:41 PM PDT by Uncle Miltie (If youÂ’re happy and you know it clank your chains!)
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To: SoFloFreeper

Don’t panic....AMNESTY for 30 millions illegals will double our GDP!!!


13 posted on 06/20/2013 12:57:00 PM PDT by montag813
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To: SoFloFreeper

Quantitative Easing. Also known as printing money with no value. It’s so fun.


14 posted on 06/20/2013 12:58:11 PM PDT by lurk
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To: ripley
Is it not obvious that printing money and deficit spending will benefit no one?

Actually, it did benefit the ptb. CEOs, bankers, those who profit from globalism and its wars are better off than ever. Why, they're probably making massive profits from this selloff.

What's unsustainable is civilization for the average US citizen. These nonexistent interest rates forced money to stay in the stock market, but have been devestating to those on fixed incomes and those who might've been saving for the future.

Instead of printing money, the feds should've let the recession run its course.

15 posted on 06/20/2013 12:58:27 PM PDT by grania
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To: SoFloFreeper

Rock solid recovery we have here, Ben......

I know, lets legalize 30-40 million illegal aliens. That should fix it right up.


16 posted on 06/20/2013 1:02:54 PM PDT by headstamp 2 (What would Scooby do?)
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To: SoFloFreeper
No problem. We're going to save a trillion dollars once the Eight Gangbangers pass their broken immigration reform bill.

BTW: I've still got that bridge for sale as well as a lot of ocean front property here in Arizona.

17 posted on 06/20/2013 1:06:26 PM PDT by FlingWingFlyer (23,116,441 households on Food Stamps! Now that's what I call HISTORICAL!!!)
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To: SoFloFreeper

Ahh the results of INTENDED consequences.


18 posted on 06/20/2013 1:17:27 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: SoFloFreeper

The Party’s Over.


19 posted on 06/20/2013 1:18:16 PM PDT by dfwgator
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To: SoFloFreeper

Woo hoo .. what difference does it make? Up or dowwwwwn?

Hil in ‘16 :-)

(Ducks)


20 posted on 06/20/2013 1:22:06 PM PDT by NormsRevenge (Semper Fi --)
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To: SoFloFreeper

This must be a bad dream, the stock market has been annihilated today. Gold price is falling, silver price falling, bonds values tanking, interest rates going up.Well I thought that, well hell!!!!

http://www.youtube.com/watch?v=_LFW0kma5ek


21 posted on 06/20/2013 1:43:17 PM PDT by Rock N Jones
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To: SoFloFreeper

Obama’s Fred,,err Fed


22 posted on 06/20/2013 1:45:56 PM PDT by austinaero
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To: SoFloFreeper

FUBO....


23 posted on 06/20/2013 1:58:09 PM PDT by Gator113 ( ~just keep livin~ I drink good wine, listen to good music and dream good dreams.)
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To: SoFloFreeper

24 posted on 06/20/2013 2:04:16 PM PDT by Blogatron (Death to islam.)
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To: SoFloFreeper

Omnes relinquite spes, o vos intrantes


25 posted on 06/20/2013 2:08:08 PM PDT by P.O.E. (Pray for America)
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To: dfwgator

The question I had was - since it was “working” in maintaining the illusion,

why stop?

The consequent inflation hasn’t occurred yet, so why stop?

Why not maintain the illusion?


26 posted on 06/20/2013 2:09:54 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: SoFloFreeper

THIS is going to hurt and I can’t help but think that Obama thinks it’s funny.


27 posted on 06/20/2013 2:11:22 PM PDT by Gator113 ( ~just keep livin~ I drink good wine, listen to good music and dream good dreams.)
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To: dfwgator

Don’t worry. They’ll just crank up QE infinity...


28 posted on 06/20/2013 2:11:50 PM PDT by Kozak (The Republic is dead. I do not owe what we have any loyalty, wealth or sympathy.)
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To: SoFloFreeper
With the declines from the last two sessions, the Dow and S&P 500 wiped out all of their gains from May and June.
29 posted on 06/20/2013 2:13:30 PM PDT by mykroar (China and Russia are playing chess while Obamas's playing 52 card pick-up.)
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To: SoFloFreeper

350 points out of 15000. no big deal.

3500 points out of 15000? yes. a big deal. but would only wring out a part of the fake stock inflation caused by the massive pumping of trillions of phoney dineros into stocks by the Fed (via its major bank members)


30 posted on 06/20/2013 2:29:17 PM PDT by faithhopecharity (()
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To: SoFloFreeper

I’m beginning to think Benghazi Barry Soetoro is going to Africa at the end of the month just so he won’t be around when the SHTF—Rush’s theory...O-bots will think if Barry isn’t around when it happens, he had NOTHING to do with it.


31 posted on 06/20/2013 2:56:40 PM PDT by Mortrey (Impeach President Soros)
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