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Here we go again...........DOW opens down sharply.....
MSN Money ^ | 08-08-2011 | Staff

Posted on 08/08/2011 6:56:33 AM PDT by Red Badger

Edited on 08/08/2011 4:28:42 PM PDT by Admin Moderator. [history]


(Excerpt) Read more at moneycentral.msn.com ...


TOPICS: Business/Economy
KEYWORDS: bhodjia; dow; downgrade
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- A CERTAIN SMILE -


101 posted on 08/08/2011 8:15:08 AM PDT by devolve (. . . . . . . . . . . . Fat & Furious - Burger & Fries Queen*s 1700+ calorie lunches . . . . .)
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To: jennychase

Scroll down and and read below; Obama has nothing scheduled and is laying low and going to fundraisers tonight. He could care less as long as his Martha’s Vineyard vaca is still on

http://www.politico.com/politico44/wbarchive/whiteboard08082011.html


102 posted on 08/08/2011 8:16:03 AM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: Dubya-M-DeesWent2SyriaStupid!

11,092.57
-352.04 (-3.08%


103 posted on 08/08/2011 8:17:01 AM PDT by kcvl
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To: relee
Obama is America's hangover.
104 posted on 08/08/2011 8:17:13 AM PDT by 444Flyer
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To: All

Over in Europe ...

- Fiat & Pirelli stocks suspended because of excessive losses
- GREEK SECURITIES REGULATOR BANS SHORT SELLING FOR 2 MONTHS

http://www.zerohedge.com/


105 posted on 08/08/2011 8:18:44 AM PDT by Nobel_1 (bring on the Patriots!)
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To: 444Flyer

11,084.58
-360.03 (-3.15%)
Real-time: 11:00AM EDT


106 posted on 08/08/2011 8:18:44 AM PDT by kcvl
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To: Red Badger

Now that liberal Wall Street millionaires are feeling the crunch, NOW we’re in a recession.

So why don’t you little people make yourselves useful and pay your taxes? “Too big to fail” needs a bailout. :)

/sarc(?)


107 posted on 08/08/2011 8:19:25 AM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Crawdad
ZeroAA will be appearing on televisions nationwide at 1 p.m.

Frankly; I'd rather hear from somebody from Congress; since they control the 'purse strings'...

108 posted on 08/08/2011 8:19:31 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: kcvl

I have already posted my #thanksObama twitter message.

We need to make sure this problem is clearly on President Zero.


109 posted on 08/08/2011 8:20:56 AM PDT by Dominick ("Freedom consists not in doing what we like, but in having the right to do what we ought." - JP II)
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To: Nobel_1

What does all this mean?


110 posted on 08/08/2011 8:21:16 AM PDT by jpsb
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To: Red Badger
BreakingNews Breaking News
Obama to deliver statement at 1 p.m. EDT - NBC News
111 posted on 08/08/2011 8:23:02 AM PDT by Berlin_Freeper
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To: jpsb

BreakingNews Breaking News
Obama to deliver statement at 1 p.m. EDT - NBC News


112 posted on 08/08/2011 8:24:02 AM PDT by mware (By all that you hold dear on this good earth, I bid you stand, Men of the Wes)
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To: kcvl
At the very bottom of the article part of the link I posted(click READ MORE) was this

"S&P also announced the downgrades of farm lenders and the government-backed debt issued by 32 banks and credit unions nationwide.

LINK

113 posted on 08/08/2011 8:25:00 AM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: Red Badger; All
QUESTION: So...from everything I have heard...both here on FR and on the net...color me confused. Why are treasuries trading with lower interest rates today?

The 10 yr note is down .19% as I write this. From what I had been hearing and reading...it was suppose to to rise after this downgrade. So why is it falling?

Makes me wonder if all this talk of sky-rocketing interest rates in the near future is a bunch of fear-mongering.

114 posted on 08/08/2011 8:25:32 AM PDT by NELSON111
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To: relee
"...Anyone seen the administration’s five star general in this war yet? Is he out of hiding this morning? Has to be his longest stretch off tv in a month.

1. He's at a fundraiser.
2. He's in a meeting planning a fundraiser.
3. He's recovering from his last fundraiser.

4. He's hitting the links.
115 posted on 08/08/2011 8:25:49 AM PDT by NCC-1701 (In Memphis on January 20, 2009, pump price were $1.49. We all know what happened after that.)
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To: Berlin_Freeper

Time to pick words for the drinking game.

Will he blame the tsunami in Japan again?


116 posted on 08/08/2011 8:25:54 AM PDT by FourPeas ("Maladjusted and wigging out is no way to go through life, son." -hg)
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To: 444Flyer
Obama is America's hangover.

That would make Bush America's beer?

117 posted on 08/08/2011 8:26:26 AM PDT by relee ('Till the blue skies drive the dark clouds far away)
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To: mware

NO!!!!!!!!!!!!!! If he speaks and blames the weather,arab spring and tea party we are doomed.


118 posted on 08/08/2011 8:26:53 AM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: jpsb

What does all this mean?

________________________________

Pain for most and profit for some.

The stock market has been much more bullish than the rest of the world economy so it’s probably a move to reality.


119 posted on 08/08/2011 8:26:58 AM PDT by volunbeer (Keep the dope, we'll make the change in 2012!)
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To: Baynative
I love those folks who helped get us in this mess, and suddenly they say, "This is Obama's economy." That's fine. Give it to me. My job is to solve problems, not stand on the sidelines and carp and gripe.

http://tpmlivewire.talkingpointsmemo.com/2009/07/obama-its-my-economy-fine-give-it-to-me.php

120 posted on 08/08/2011 8:27:36 AM PDT by WOBBLY BOB (My mind is like a steel trap: rusty and illegal in 37 states.)
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