Stocks Nosedive 2%, Dow Plummets 350 on Fed Taper Talk; Vix Hits 20 for First Time in 2013

CNBC ^ | 6/20/13 | JeeYeon Park

[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.

[SoFloFreeper]

But hey, don't worry America--OBAMA IS STILL DOING FUNDRAISERS AND RAKING IN MILLIONS.

[TexasCajun]

Like any drug addict, the markets are having withdrawal symptoms.

[SoFloFreeper]

Obama fundraiser in chief

[Red Badger]

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

[SoFloFreeper]

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.

[ripley]

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

[TexasFreeper2009]

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!

[Red Badger]

Is it not obvious that printing money and deficit spending benefit no one?

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

[Tea Party Terrorist]

It benefits the Washington Elite.

[dadfly]

the shadow government giveth, and it taketh away.

[ZirconEncrustedTweezers]

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

[Uncle Miltie]

[montag813]

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

[lurk]

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

[grania]

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.

[headstamp 2]

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

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

[FlingWingFlyer]

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.

[unixfox]

Ahh the results of INTENDED consequences.

[dfwgator]

The Party’s Over.

[NormsRevenge]

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

Hil in ‘16 :-)

(Ducks)