Dow 
1.66% Nasdaq 0.98%
1.66% Nasdaq 0.98%Posted on 02/27/2009 1:20:57 PM PST by fightin bronco
As stocks on Friday meandered to another month of losses, investors were especially focused on the S&P 500 Index and whether the broad market gauge would close above or below its November lows, with a finish above 740 to 750 seen as a victory of sorts
After the worst January performance in its 113-year history, the Dow industrials were on track for a February decline of more than 900 points or 11.3%. As things stood with 30 minutes to go before the closing bell, the Dow was on track for its worst February point drop ever, and its second-worst percentage drop since 1933, when it lost 15.6%.
(Excerpt) Read more at marketwatch.com ...
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As long as every day has a new $250 billion or $700 billion program, or a new tax, the market will continue to tank.
Obama will cost us about 10 trillion when all is said and done.
1.66% Nasdaq 0.98%Now that is change we all can believe in.
The man is an economic illiterate. I am waiting for someone of prestige to clearly and unequivocally share this truth with the American people.
I have little doubt that if McCain had become President this would not have happened. Not because he is a genius, but because he believes in free markets. The markets are afraid of Obama’s spending and what appears to be a move towards socialism. If he said, and meant, that he was an advocate of a market driven economy, and disavowed socialism, the markets would soar. I really believe that. It won’t happen, because it appears that he is in actuality a naive socialist. Socialism is the religion of the envious.
He is shutting down America as we have known it!
You ain’t seen nothing yet.
Down to a new 12 year low and going lower.
S&P 500 index is down 19% since January 1st.
DJIA (Dow Jones Industrial Average) is down 2500 points since Election Day. That’s a drop of 26% in less than four months.
That’s CHANGE, alright!
And who was elected President in 1933?
Nobody.
But a Democrat was elected in 1932.
” And who was elected President in 1933? “
Ummmmm...
“Nobody” was *elected* President in 1933 ?
That was a trick question, right??
Dick Morris (interview w/ the other BO) did a good job of outing the economic illiterate-in-chief last nite when he pointed out that the actual tax increase on the top 5% of taxpayers is gonna be more like 20% than 2%...look for his words of wisdom this weekend (for a change) and you may even find the word illiterate! Prolly had a lot to do w/ today's selloff.
Wrong. The General Consensus is that the stimulus was not big enough, and if only Obama had of gotten his entire $900 billion, we wouldn’t be in this mess.
DJIA-2076 pts lost since Nov. 5. Nearly 23%!
Oh, yeah, he’s the ONE!
Clueless and classless.
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