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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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To: Red Steel
I did not anticipate the Idiot in Chief telling the markets and the world that it is impossible for us to cut any more entitlement spending.

All bets are now off. He truly doesn't have a clue.

161 posted on 08/08/2011 11:27:31 AM PDT by comebacknewt ((on second thought, never mind, go away again Newt))
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The VIX is going nuts!
162 posted on 08/08/2011 11:35:30 AM PDT by WildSnail (The US government now has more control over the people than the old Soviet Union ever dreamed of)
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To: Palter
DJI 10,944.04 Down -500.57 -4.37%
163 posted on 08/08/2011 11:37:22 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Red Steel

Back under 11,000. New low of 10,930.


164 posted on 08/08/2011 11:39:47 AM PDT by Girlene
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To: Red Badger

Yawn. Let me know when a panic sets in. Finally, people are understanding that the DOW is overvalued and the fundamentals of the American economy is flawed.


165 posted on 08/08/2011 11:41:22 AM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: Red Badger

Obama sur know how to reassure the markets.

Down 588 moments ago.


166 posted on 08/08/2011 11:43:11 AM PDT by DoughtyOne (Reid and Boehner step down. Let's hold a general election in November and boot the Pride of Kenya..)
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To: DoughtyOne
DJI 10,903.09 Down -541.52 -4.73%
167 posted on 08/08/2011 11:44:45 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: FourPeas
DJI 10,903.09 Down -541.52 -4.73%
168 posted on 08/08/2011 11:46:34 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Red Badger
The DJI still hasn't priced in the mortgage mess, nor the debt and the unemployment that will continue to fail.

Circa 5000 would be about right.

169 posted on 08/08/2011 11:47:29 AM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: Red Badger

Hmmmmmm. obama’s speech didn’t inspire much confidence.


170 posted on 08/08/2011 11:49:57 AM PDT by Girlene
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To: Red Badger

Hmm, is it now racist to refer to this as Black Monday?


171 posted on 08/08/2011 11:54:09 AM PDT by DoughtyOne (Reid and Boehner step down. Let's hold a general election in November and boot the Pride of Kenya..)
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To: Red Badger

Hmm, is it now racist to refer to this as Black Monday?


172 posted on 08/08/2011 11:54:09 AM PDT by DoughtyOne (Reid and Boehner step down. Let's hold a general election in November and boot the Pride of Kenya..)
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To: Red Badger

Well, thar she blows. Good thing I moved all my retirement funds to Greek bonds.


173 posted on 08/08/2011 11:55:53 AM PDT by Billthedrill
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To: DoughtyOne

This may be Black August..............


174 posted on 08/08/2011 11:56:45 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Red Badger
Index Value: 10,941.61
Trade Time: 2:39PM EDT
Change: Down 503.00 (4.40%)

175 posted on 08/08/2011 11:57:08 AM PDT by Red Steel
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To: Red Badger

You know, all kidding aside, I find it to be a very sad thing to see this ass given credit for being the first Black president. There are many Blacks out there that could have handled the job with a lot more class and effective policies. This is a real shame on that count alone.

This guy should wind up person non gratis by just about everyone.


176 posted on 08/08/2011 12:07:29 PM PDT by DoughtyOne (Reid and Boehner step down. Let's hold a general election in November and boot the Pride of Kenya..)
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To: DoughtyOne

The liberals will always love him, no matter what.........


177 posted on 08/08/2011 12:09:48 PM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: DoughtyOne

I’m hoping the Dow goes below 10k today. Obama will be cooked! The end of our first “black” president. Cain could even beat him now and be our first truly black president. This crash is the best thing that could happen to the Tea Party - keep dropping!


178 posted on 08/08/2011 12:18:47 PM PDT by conservaterian (Sarah/DeMint '12)
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To: jpsb

It just hit -600, at about 1:30 CST, recovered to -496 @ 1:40.


179 posted on 08/08/2011 12:21:33 PM PDT by matthew fuller (If America is to survive, the national socialist democrat (NAZI) party must be destroyed.)
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To: Red Badger
So … for the first time in history the US is downgraded from AAA because government spending is not reduced and balanced to income.

To help get our economy moving in the right direction with jobs as a top priority coupled with lower taxes,
click here to donate to Free Republic.
Please contribute today!

180 posted on 08/08/2011 12:25:36 PM PDT by vox_freedom (America is being tested as never before in its history. May God help us.)
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