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Keyword: stockmarket

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  • After Dropping Under $100,000/Share, Berkshire Hathaway Announces Stock Buyback Plan

    09/26/2011 7:24:17 AM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 09/26/2011 | Tyler Durden
    Warren Buffet came, he saw BRK/A trading at $99,000, he took a bath, and decided that this aggression against BRK/A will not stand, man. As a result, after taking a metaphorical bath on BAC, the Octogenarian has just decided to launch a share repurchase program in the company with the massive short S&P put, because "In the opinion of our Board and management, the underlying businesses of Berkshire are worth considerably more than this amount, though any such estimate is necessarily imprecise." In other words, Buffett is slowing starting to realize that he has to put up or shut up,...
  • Sum of All Fears: Stocks, Commodities Tumble Over Risk of Recession, European Implosion

    09/22/2011 2:44:42 PM PDT · by Kartographer · 9 replies
    Daily Ticker/Yahoo Finance ^ | 9/22/11 | Aaron Task
    An extraordinary day in the financial markets ended with stocks and commodities down sharply while the dollar and U.S. Treasuries rallied, sending the yield on the 10-year note to a record low. After trading below 10,600 intraday, the Dow closed down 391 points, or 3.5%, to 10,734 while the S&P lost 3.2%. Stocks are now on track for their worst week since October 2008, Dow Jones reports. Meanwhile, gold shed 4%, silver plummeted 11%, copper tumbled 9% and oil fell 6.7% Thursday as traders unwound "risk on" positions funded with "cheap" dollars, which rose 1% vs. the euro.
  • You Just Witnessed The Third Biggest Weekly DJIA Drop In History

    09/22/2011 1:10:47 PM PDT · by SeekAndFind · 47 replies
    Zero Hedge ^ | 09/22/2011 | Tyler Durden
    A dearth of knife-catchers and bottom-callers suggests that our views on a broad swathe of investors being caught unhedged and offside by Bernanke's relative inaction was correct. By the look of today's huge selloff, investors will become increasingly aware of our recent post on the difference (risks) between owning stocks and bonds. The equity market remains a market in chaos as the following charts show. We can only assume they must be extremely good at discounting whatever it is that talking-heads believe on a tick-by-tick basis - just look at the flip-flopping in the last two months (and in...
  • Stocks Open to Trap Door at Bell........

    09/22/2011 6:49:49 AM PDT · by Red Badger · 64 replies
    http://moneycentral.msn.com ^ | 22 SEP 2011 | sTAFF
    DJI 10,808.87 Down -315.97 -2.84%
  • Stocks nosedive after Fed's gloomy assessment

    09/22/2011 4:47:50 AM PDT · by mylife · 26 replies
    AP ^ | 9/22/11 | Sarah Dilorenzo
    The U.S. Federal Reserve's tacit acknowledgment that America's economic slowdown is likely to persist for quite a while sent global stock markets skidding Thursday as investors brushed off the central bank's efforts to spur growth and focused instead on its gloomy assessment. Oil tumbled too but the dollar held its own against the euro, which has been weighed down in recent weeks over concerns that Greece might go bankrupt. Hong Kong's Hang Seng led stock markets lower, with a near 5 percent dive.
  • Wall Street sinks after Fed statement cites "risks" (Fed's $400B "Operation Twist" Worries Market)

    09/21/2011 2:16:07 PM PDT · by SeekAndFind · 3 replies
    Real Clear Markets ^ | 09/21/2011 | Chuck Mikolajczak
    Stocks tumbled on Wednesday after the Federal Reserve said there were "significant downside risks" to the economy even as it took another stab at boosting growth. The Fed, as expected, said it would buy more long-term Treasury securities in an effort to lower borrowing rates. But investors worry the Fed's latest plan will have little effect on lending in an economy that appears to be stagnating. The Fed's $400 billion plan, dubbed "Operation Twist" by market participants, is the latest in a series of steps aimed at reviving an economy that has struggled to rebound from the 2008 financial crisis....
  • MAJOR RALLY COLLAPSES AHEAD OF HUGE DAY: Here's What You Need To Know

    09/20/2011 1:34:22 PM PDT · by blam · 27 replies
    TBI ^ | 9-20-2011 | Joe Weisenthal
    MAJOR RALLY COLLAPSES AHEAD OF HUGE DAY: Here's What You Need To Know Joe Weisenthal Sep. 20, 2011, 4:00 PM And now we're looking at two down days in a role. But first, the scoreboard: Dow: +10.67 NASDAQ: -21.19 S&P 500: -1.06 And now, the top stories: * It was actually a weird day, very unlike previous ones. Things really got started off with a bang last night when S&P downgraded Italy's credit rating, causing futures and the euro to tank. It's not that much of a surprise that people are losing faith in Italy, but still it came as...
  • Watch That Dead Cat Bounce

    09/20/2011 10:18:27 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | September 20, 2011 | Gil Morales and Chris Kachner
    Signs are showing that the latest bounce which began on September 12 is a dead cat bounce for the following reasons: 1) Friday's options expiration resulted, as is typical on such days, in exaggerated trading volumes across stocks and indices. Short covering of positions has been evident while there has been lackluster buying of leading stocks. Further, very few leading stocks have formed constructive bases and are moving to new highs.2) Both the price of oil and the CRB index which tracks the price of a basket of commodities is showing much weakness, both having undercut their 200-day  moving averages...
  • US STOCKS-Futures down in wake of Obama jobs speech

    09/09/2011 11:47:47 AM PDT · by slickdain · 47 replies
    reuters ^ | Fri Sep 9, 2011 8:44am EDT | Ryan Vlastelica
    NEW YORK, Sept 9 (Reuters) - U.S. stock index futures fell on Friday as investors remained skeptical about how much of President Barack Obama's $447 billion proposal to generate U.S. jobs would make it through Congress.
  • Wall Street slumps; Dow slides below 11,000

    09/09/2011 1:12:40 PM PDT · by John W · 72 replies
    AP via MSNBC ^ | September 9, 2011 | AP
    NEW YORK — The problems that weighed down stocks all summer show no sign of letting up. U.S. stocks plunged Friday, erasing the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed President Barack Obama's plan to revive the U.S. job market.
  • Stocks slide after Bernanke offers no new stimulus

    09/08/2011 2:53:55 PM PDT · by NormsRevenge · 11 replies
    Yahoo ^ | 9/8/11 | David K. Randall, AP
    NEW YORK (AP) -- Stocks closed sharply lower Thursday after Federal Reserve Chairman Ben Bernanke offered no new insight into whether the central bank will act soon to prop up the economy. In a speech closely watched by investors, Bernanke said the Fed will consider a range of steps at its Sept. 20-21 meeting, but he offered no specific plans. The Dow Jones industrial average fell 100 points shortly after Bernanke's remarks began at 1:30 p.m. Eastern. "The implications are that the Fed is going to act, but the market is disappointed because he was a little short on details,"...
  • Looking at a scary September: The stock market’s worst month lies ahead

    08/30/2011 8:25:26 AM PDT · by SeekAndFind · 19 replies
    Marketwatch ^ | 08/30/2011 | John Nyaradi
    The much ballyhooed Jackson Hole Federal Reserve conclave has come to a close, and now exchange-traded fund investors face a treacherous September. This September is likely to be particularly volatile as Federal Reserve Chairman Ben Bernanke deferred any new simulative action until the now two-day Fed meeting on Sept. 20 and 21. Bernanke puts off easing talk until Sept. FOMC Also, International Monetary Fund leader Christine Lagarde said the global economy was in a dangerous phase while Kansas City Fed President Thomas Hoenig, said last week that the Fed, “can’t do it all,” adding further to the uncertainty facing us...
  • The Hidden Dangers In Safe Haven Investments

    08/20/2011 7:53:27 AM PDT · by SeekAndFind · 14 replies
    New York Times ^ | 08/20/2011 | Paul Sullivan
    AS Europe’s debt troubles intensified earlier this month and United States debt was downgraded, many people rushed into gold and Treasury securities as a safe haven. It was the latest sign that in uncertain times, investors act in ways that can hurt them in the long run. “They fled the perceived risk of falling stock prices right into the assured risk of overvalued assets,” said G. Scott Clemons, chief investment strategist for the wealth management division at Brown Brothers Harriman. What drove those decisions was not logic but fear — fear of a repeat of September 2008. And that fear...
  • Smart Money: Forget the Market. Buy a House

    08/19/2011 8:01:29 AM PDT · by SeekAndFind · 18 replies
    Smart Money ^ | 08/19/2011 | Jilian Mincer
    With the Dow Jones Industrial Average down more than 400 points today, and many market experts predicting more volatility ahead, some advisers are recommending their clients put some of their cash to another use: To buy that house or summer home at the shore. Getty ImagesPotential homebuyers certainly have plenty of incentives: Home prices are still way down in many parts of the country, and mortgage rates are nearing their all-time lows. Consider: The benchmark 30-year fixed-rate mortgage fell 1 basis point this week, to 4.45 percent — just a few basis points above the record low hit in October...
  • Stocks plunge on economic fears [Vacation Time!]

    08/18/2011 6:55:22 AM PDT · by Oldeconomybuyer · 73 replies
    CNN Money ^ | August 18, 2011 | By CNNMoney staff
    NEW YORK -- Turmoil returned to U.S. stock markets at Thursday's open as renewed concerns about the global economy sent major indexes plunging and pushed gold to a new record high. Investors were working through bad news on various fronts, including a dismal forecast from Morgan Stanley for global economic growth, and two U.S. government-issued reports on inflation and the job market.
  • S&P down 5% this morning, Dow -500

    08/18/2011 7:12:31 AM PDT · by GreaterSwiss · 85 replies
    DOW 10903.70 -506.51 -4.44% S&P 500 1137.74 -56.15 -4.7%
  • Sales of gold up on eBay amid stock market turmoil

    08/14/2011 2:01:42 PM PDT · by Eleutheria5 · 42 replies
    Aol News/AP ^ | 14/8/11 | Rachel Metz
    SAN FRANCISCO -For gold sellers on eBay, the recent stock market turmoil has been a boon for business. Gold and silver sales on eBay had already been rising steadily over the past several years — so much so that eBay Inc. created a special area in May to make it easier for buyers to find sellers. Now, activity is intensifying as consumers unnerved by the economic uncertainty flock to gold in hopes it will be a stable investment. The stock market just ended one of its most volatile weeks in years. Through most of last week, the average selling price...
  • BigGovernment Article Forces SEC Insider-Trading Investigation

    08/14/2011 1:45:59 PM PDT · by clove · 15 replies
    Breitbart Big government ^ | Aug 14th 2011 at 5:31 am | Chriss W. Street
    Following the fire storm over our call in Big Government last week-end for an investigation of potential Presidential and Administration leaking of the Standard & Poors downgrade of the AAA credit rating of the United States; the Securities & Exchange Commission has formally requested S&P disclose who at the company knew about the downgrade, “as part of a preliminary look into potential insider trading.” According to the Financial Times: “The inquiry was made by the SEC’s examination staff, which has oversight of credit rating firms, one person familiar with the matter said. The SEC examination staff has the power to...
  • BofA chief meets top US officials - WSJ

    08/11/2011 9:51:05 PM PDT · by Nachum · 19 replies
    Reuters ^ | 8/12/11 | Sakthi Prasad in Bangalore
    Aug 12 (Reuters) - Bank of America Chief Executive Brian Moynihan met privately this week with Treasury Secretary Timothy Geithner and Federal Reserve governor Daniel Tarullo amid the campaign to calm investors and employees about the bank's share price fall, the Wall Street Journal reported. The separate meetings took place on Wednesday in Washington, the WSJ said, citing people familiar with the situation. The intent of the meetings with the two top federal officials was for Moynihan to discuss issues related to housing, consumer spending and the U.S. economy, two people familiar with the meetings told the Journal.
  • Market punishes U.S. Treasury bonds after poor auction

    08/11/2011 2:23:59 PM PDT · by Qbert · 18 replies
    Reuters ^ | Aug 11, 2011 | Reuters
    Aug 11 (Reuters) - The U.S. Treasury sold $16 billion worth of 30-year long bonds at a poorly received auction on Thursday, with investors showing the weakest overall demand in 2-1/2 years and foreigners largely steering clear. [Snip] Investors submitted bids worth 2.08 times the amount on offer, the lowest since February 2009. A measure of foreign demand -- the indirect bidder category -- accounted for just 12 percent of the sale, the lowest since February 2008.
  • US Stocks Surge To Fresh Highs; DJIA On Track To Erase Most Of Wednesday Swoon

    08/11/2011 1:30:21 PM PDT · by Perdogg · 54 replies
    --U.S. stocks surge Thursday, reversing most of Wednesday swoon, on favorable weekly jobless claims, Cisco's earnings report --Action follows the ninth-largest point drop in the history of the DJIA --European markets, previously racked by debt and bank worries, finish higher NEW YORK (Dow Jones)--U.S. stocks leapt to a huge gain Thursday, as investors seized on favorable corporate and economic reports to grab back some of the ground they lost in the recent stock-market swoon. The blue-chip Dow Jones Industrial Average rose 470 points, or 4.4%, to 11188 shortly before 3:15 p.m. Eastern time, setting fresh highs in late trading. If...
  • The Stock Market Crash Of 2011?

    08/11/2011 6:14:42 AM PDT · by blam · 27 replies
    TEC ^ | 8-11-2011
    The Stock Market Crash Of 2011?August 11, 2011 How far does the stock market have to go down before we officially call it a crash? The Dow is now down more than 2,000 points in just the last 14 trading days. So can we now call this "The Stock Market Crash of 2011"? Today the Dow was down 519 points. Yesterday, an announcement by the Federal Reserve indicating that the Fed would keep interest rates near zero until mid-2013 helped the Dow surge more than 400 points, but all of those gains were wiped out today. It turns out that...
  • For Street Veterans, Past 3 Days Rank With '87 Crash, '08 Crisis

    08/11/2011 6:21:19 AM PDT · by Second Amendment First · 8 replies
    The Wall Street Journal ^ | August 11, 2011 | STEVEN RUSSOLILLO
    The stock market's steep declines have not only produced daily gyrations and heightened volatility, but they have also shocked some of Wall Street's longest-tenured veterans. Chaotic trading has sent major stock indexes down by double-digit percentages in only a matter of weeks, as investors continue to fret about the state of the global economy, European debt troubles and a U.S. debt-ceiling standoff and credit-rating downgrade. Tuesday's action was a microcosm of how nervous markets have become. After the Federal Reserve's newly downbeat assessment of the U.S. economy, the Dow Jones Industrial Average rapidly dropped as much as 206 points. Just...
  • Stocks Drop 4%, Dow Skids 500, Led by Banks

    08/10/2011 1:29:28 PM PDT · by tcrlaf · 85 replies
    CNBC ^ | 8-10-11 | Jeeyoen Park
    Stocks finished near session lows in choppy trading Wednesday, with the Dow and S&P wiping out all of the previous session's gains led by financials, as investors continued to cautiously monitor developments in the European banks. The Dow Jones Industrial Average finished down over 500 points, wiping out the previous session's 429-point rally. The blue-chip index has had triple-digit moves in four of the last five trading days. The S&P 500 and Nasdaq also finished sharply lower. The CBOE Volatility Index, widely considered the best gauge of fear in the market, soared more than 25 percent.
  • Korean Stock Broker Leaps to Death Amid Market Plunge (Obama's spending has consequences)

    08/10/2011 7:51:19 AM PDT · by Arcy · 7 replies
    NBC LA ^ | 8/10/11 | Greg Wilson
    A South Korean stock broker jumped to his death from a high-rise office amid worldwide market turmoil. The 48-year-old broker, identified only as "Seo," sent text messages to colleagues expressing regret over severe losses, just minutes before leaping to his death in the city of Daegu, according to Chief investigator Lee Kang-ho. South Korean stocks have been especially volatile amid global financial turmoil sparked by fears the U.S. and European economies could be headed for recession.
  • US FUTURES DOWN BIG (DOW -275) BEFORE TUES OPEN

    08/08/2011 8:08:43 PM PDT · by GreaterSwiss · 46 replies
    DOW -276 S&P -31
  • Worldwide Markets Crash [BofA down 23%; JAPAN Nikkei 8,757.04 –340.52 –3.74%]

    08/08/2011 6:14:03 PM PDT · by Steelfish · 15 replies
    Telegraph(UK) ^ | August 08, 2011
    Worldwide Markets Crash Markets across the world have taken another hammering as panic-selling ripped through trading floors after America’s credit rating downgrade and Europe’s desperate intervention to stop Italy and Spain spiralling into crisis. The 178-point decline in the FTSE 100 marked the first time that the index had fallen by more than 100 points for four days running. By Philip Aldrick 08 Aug 2011 In another febrile day for stock markets globally £46bn was wiped off Britain’s blue-chip index, while the Dow Jones Industrial Average in the US fell more than 600 points, its biggest one-day decline since December...
  • Larry Kudlow: Don't Panic, This Isn't Remotely Like 2008

    08/09/2011 7:56:16 AM PDT · by SeekAndFind · 41 replies
    Real Clear Markets ^ | 08/09/2011 | Larry Kudlow
    During a period like this, with stocks plunging almost on a daily basis, it's clear that fear and shock are ruling the roost. But fear can be overdone. As someone who has been around awhile and has seen many sell-offs, let me offer some advice: Do not panic. Market corrections come and go. They are not the end of the world. Most times they are actually healthy. The S&P downgrade is a fiscal warning, not an economic event. And the growing fear of U.S. recession may not pan out. There are still plusses out there, believe it or not. Our...
  • Dow Futures Down 200+ Again...Tomorrow Should Be Another Lovely Day

    08/08/2011 7:11:16 PM PDT · by waus · 18 replies
    CME Group ^ | 8-8-11 | waus
    Dow futures are tanking once again after today's 635 point drop. At 8:43 CST they are down 268.
  • Asian Stocks Plunge Again On Wall Street Losses

    08/08/2011 7:07:06 PM PDT · by Presbyterian Reporter · 3 replies
    Morningstar ^ | 08-08-11 | Nazim Khan
    Shares in Asia headed sank again early Tuesday, tracking heavy losses on Wall Street Monday, as investors shunned equities and other risk assets following the U.S. downgrade over the weekend. At the time of writing, Japan's Nikkei opened 2% lower but fell further to log a drop of 4% while Australia's All Ordinaries plummeted 4.4%. Asian equities climbed lower again along with most commodities, after witnessing a mammoth fall a day earlier, as investors continued to dump risk assets in favor of perceived safe havens such as treasuries and gold. Oil prices slumped below the $80 a barrel mark while...
  • President Obama talks S&P downgrade — finally

    08/08/2011 1:45:32 PM PDT · by NoLibZone · 9 replies
    Washington Post ^ | Aug 8 2011 | By Jena McGregor
    It was about time the president weighed in with a statement about the U.S. credit rating downgrade by Standard & Poor’s. And that’s not just because the reporters in the room were getting antsy after the president was 50 minutes late getting started. Rather, Obama’s press briefing Monday afternoon about the Standard & Poor’s downgrade came after a weekend in which the primary messaging strategy from the White House seemed to be excuses. Following a bizarre back and forth Friday evening in the news over whether the ratings agency got its math right—a “has it really come to this?” moment...
  • Nightmare on Wall Street; Dow takes 635-point tumble after S&P downgrades US credit

    08/08/2011 1:39:50 PM PDT · by NoLibZone · 32 replies
    msnbc.msn.com ^ | Aug 8 2011 | msnbc.msn.com
    Wall Street tumbled again Monday, with the Dow Jones industrial average dropping 635 points and chalking up its Worst day since November 2008, amid a rout in global stocks after rating agency S&P downgraded the U.S. credit rating for the first time. S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn't unexpected, but it comes when investors are already feeling nervous about a weak U.S. economy, European debt problems and Japan's recovery from its March earthquake. The downgrade sparked a massive sell-off on stock markets around the world...
  • Dow Plunges 600, S&P and Nasdaq Sinks 6% [ -633 After Obama Speech ]

    08/08/2011 1:26:11 PM PDT · by NoLibZone · 26 replies
    CNBC ^ | 8-8-2011 | CNBC
    Stocks took a sharp nosedive in another choppy day Monday to finish at session lows as investors fled from risky assets following S&P's downgrade of U.S.'s credit rating last week in addition to ongoing economic jitters.
  • Burton Malkiel: Don't Panic About the Stock Market

    08/08/2011 7:33:57 AM PDT · by SeekAndFind · 19 replies
    Wall Street Journal ^ | 08/08/2011 | Burton Malkiel
    'The sky is falling! The sky is falling!" Chicken Little's admonition may strike many observers as particularly apt today. I disagree. This is not the market meltdown of 2008 all over again. And panic selling of U.S. common stocks will prove to be a very inappropriate response. The sharp decline in stock prices last week has renewed fears that the economy is headed for a double-dip recession. Economic growth has been reduced to stall speed, with gross domestic product rising at less than a 1% annual rate during the first half of 2011. Real consumer spending has been negative over...
  • Stocks open down -175 (my title)

    08/08/2011 6:59:32 AM PDT · by CedarDave · 11 replies
    MSM Money ^ | August 8, 2011 | moneycentral.msn.com
  • Leaders scramble to head off 'black Monday' on markets

    08/07/2011 7:55:57 PM PDT · by bruinbirdman · 41 replies
    France 24 ^ | 8/7/2011 | AFP
    World leaders made emergency conference calls Sunday, seeking solutions to the US debt and eurozone crises ahead of a feared disastrous reopening of markets on Monday. In a possible bellwether, Israel's market fell seven percent. World leaders searched Sunday for answers to a global debt crisis, hoping to head off a massacre on markets spooked by an unprecedented US rating downgrade and Europe's swelling malaise. France and Germany called for full implementation of measures agreed at a eurozone summit in July to safeguard the single currency as markets braced for fresh turmoil this week. "President (Nicolas) Sarkozy and Chancellor (Angela)...
  • Pre-Markets ( I don't think this looks good)

    08/07/2011 6:32:02 PM PDT · by Beckett08 · 46 replies
    CNBC ^ | 08/07/2011
    pre-market data.
  • E-Trade Baby Loses Everything.

    08/05/2011 8:29:02 PM PDT · by Windflier · 3 replies
    YouTube ^ | Apr 16, 2011 | The Powers That Be
    E-Trade baby loses it all when the market crashes. Pretty funny........considering.
  • Looks Like We're In a Recession, Not a 'Recovery'

    08/05/2011 9:43:18 AM PDT · by JohnRLott · 11 replies
    Fox News ^ | August 5, 2011 | John R. Lott Jr.
    There seems no place to hide. Americans have seen the value of their stock portfolios crash this week. The S&P 500 and NASDAQ have both lost about 8 percent of their values, and they are headed down again today. This week the Japanese NIKKEI stock market also lost over 9 percent of its value. And the UK's FTSE has lost over 11 percent. The German DAX about 13 percent. So much for promises that if we only passed the debt ceiling increase the stock markets would be calmed. Everyone was waiting for today's unemployment numbers to be released. The 117,000...
  • Stocks Dive Again After Early Recovery (my title)

    08/05/2011 7:20:56 AM PDT · by CedarDave · 66 replies
    moneycentral.msn.com ^ | August 5, 2011 | moneycentral.msn.com
  • White House on worst market drop since 2008: ‘Markets go up and down’

    08/04/2011 4:43:39 PM PDT · by Sub-Driver · 44 replies
    White House on worst market drop since 2008: ‘Markets go up and down’ 1 hr 5 mins ago The Dow Jones Industrial Average dropped by 512 points Thursday, erasing this year’s market gains, but the White House had little to say besides “markets go up and down.” “I don’t have a specific reaction to the market. Markets go up and down,” White House press secretary Jay Carney said. “There is no question that we have — this economy has faced headwinds this year, a variety of them including the earthquake and tsunami in Japan, the increase in oil prices, energy...
  • Dow Falls thru the floor at opening bell..............

    08/04/2011 7:10:44 AM PDT · by Red Badger · 280 replies · 1+ views
    http://moneycentral.msn.com ^ | 08-04-2011 | Staff
  • S&P 500, Nasdaq, (and DOW) fall more than 4 percent

    08/04/2011 11:54:58 AM PDT · by NormsRevenge · 141 replies
    Reuters ^ | 8/4/11 | Caroline Valetkevitch
    NEW YORK (Reuters) - Investors fled stocks on Thursday, putting the S&P 500 into correction territory, as worries about the U.S. economy and European debt escalated. All three indexes were down 2 percent, having fallen more than 3 percent each at one point. Decliners beat advancers on the New York Stock Exchange by 14 to 1. "People are throwing in the towel because they can't find relief on any front. There are a lot of worries about the economy," said Milton Ezrati, market strategist at Lord Abbett Co. in Jersey City, New Jersey, which manages $110 billion in assets. The...
  • Why the Market is Plunging

    08/04/2011 2:53:22 PM PDT · by Evil Slayer · 29 replies
    RushLimbaugh.com ^ | 8/4/11 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Why am I here today? This always happens. Every time we have one of these national holidays, nobody tells me. I don't keep track of national holidays. Obama's birthday. I don't keep track of national holidays, nobody ever tells me, and I end up being the only person in the country working. Why is the Dow going down? Let me tell you why the Dow is going down, is because there's a story out there that said that Bernanke and Obama are out of bullets. There's a story that says Bernanke and Obama are out of bullets,...
  • Dow Plunges 512, Worst Drop Since 2008 in Massive Global Sell-off (No Safe Haven even in Gold)

    08/04/2011 2:29:58 PM PDT · by SeekAndFind · 65 replies
    NewsMax ^ | 08/04/2011
    The stock market is finishing its worst day since the financial crisis. The Dow Jones industrial average plunged more than 500 points Thursday. Investors are concerned that the U.S. economy will enter another recession and that Europe's debt problems are not closed to being solved. Major stock indexes fell more than 4 percent. The Dow is closing with a loss of 513 points, or 4.3 percent, to 11,384. It was the worst day for the Dow since October 22, 2008. The S&P 500 is down 60, or 4.8 percent, to 1,200. The Nasdaq is down 137, or 5.1 percent, to...
  • DOW plunges 400 points in panic selloff

    08/04/2011 12:18:29 PM PDT · by smokingfrog · 105 replies
    fox43.com ^ | 4 Aug 2011 | Annalyn Censky
    NEW YORK -- Stocks plunged Thursday, with the Dow tumbling 400 points to hit its lowest level since December, as global economic fears gripped the market. U.S. markets were already sharply lower on widespread worries, including the weak job market. But the selling gained momentum as Japanese and European policymakers stepped in with dramatic measures to shore up their financial markets. There's "total fear" in the market, said Bob Doll, chief equity strategist at the world's largest money manager, BlackRock. All three major indexes tumbled more than 3% Thursday and erased all their gains for the year. The indexes have...
  • vanity: practical economics, qe2, stock market, and pension question

    06/22/2011 8:07:32 PM PDT · by SteveH · 7 replies
    me (with help from cbs radio news) | june 22, 2011 | me
    I heard a report on CBS news today in which some economics pundit that said the money supply went into the stock market instead of the real market (eg real people, housing, jobs, etc.). However, I am also aware that at least some pensions are losing medium term viability (!) due to stock market fluctuations. First, should pensions be so dependent on stock markets that they risk becoming insolvable in a few years? Second, if the money is, as CBS news claims, going to the stock markets, why aren't the pension funds enriched? Who is making the money on the...
  • Zombinomics and volatility

    06/14/2011 11:07:07 AM PDT · by danielmryan · 4 replies
    Asia Times ^ | June 14, 2011 | "Spengler"
    We aren't going to have another financial crash. In fact, nothing at all is going to happen. Forecasting the United States economy is about as exciting as predicting next quarter's gross domestic product in 1957 Poland. You want to know what's going to happen, comrade? Read the Five Year Plan. With 40% of US personal income coming from transfer payments, it's almost nostalgic to call it capitalism. The so-called American economic recovery won't die, because it's undead. It was a zombie to begin with. Equity investors during the past six weeks came to the collective conclusion that the US is...
  • Stocks Fall 279 Points—Mainstream Media, Google Search: It Didn’t Happen?

    06/02/2011 12:49:52 PM PDT · by 2ndDivisionVet · 10 replies
    Hot Air ^ | June 2, 2011 | Rovin
    Seriously……Google “Stocks Fall 279 Points” or “Stock Market Falls 279 Points”, and you will find very little headlines from the major liberal media outlets. Every search of the major papers and network online sites have already buried this plunge in the Markets as if it just never happened, or they’ve been relegated to their blog sites. We can all imagine how a major stock market plunge would have greeted George W. Bush by our liberal media friends. But, let’s give credit where credit’s due. Patrick Allen posted this story at CNBC dot com with a title that just has to...
  • House members’ stock market success questioned

    05/25/2011 6:01:20 PM PDT · by newzjunkey · 21 replies
    The Washington Times ^ | May 25, 2011, 5:25pm | Valerie Richardson
    ... A study published in the journal Business and Politics Wednesday found that members of the House of Representatives outperform the average investor when it comes to buying and selling stocks by 55 basis points per month, or six percent annually... Despite their reputation as the party of the rich, Republicans fared worse than their Democratic colleagues when it comes to playing the market, according to the study. That could be because Democrats were the majority party, and thus held more leadership posts, for most of the period under review...