Obama Spoke, and the Market Dropped 303 Pts.

Can we get him to stop talking…………………….

Dow Ends Day Down 419; Gold Hits $1819

Again, that kind of says it all !!

As The Market Falls……………. Down over 300 pts as of 1:20PM

 The Dow Jones industrial average plunged more than 300 points and erased its gains for the year as investors grew more concerned about economic weakness in the U.S. and Europe.

The Standard & Poor’s 500 index fell more than 3 percent, bringing it 10 percent below its recent high of 1,363 reached on April 29. A decline of 10 percent is considered to be a market correction. The Dow Jones industrial average is now down more than 1,100 points from July 21.

Oil fell 4 percent to $88 a barrel on worries demand will fall because of the slowing economy. Oil had traded over $100 as recently as June 9.

“We are continuing to be bombarded by worries about the global economy,” said Bill Stone, chief investment strategist at PNC Financial.

http://finance.yahoo.com/news/Stocks-slump-as-economic-apf-169769799.html?x=0

If the market closes “down” again today, it will mark the ninth straight day of losses, which has not occurred on the markets since February 1978.

CAN WE SAY ” JIMMY CARTER  2.0″ !!??

Dow Expected to Tumble as Year-End Approaches

from CNBC:

With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and John Lekas, CEO and portfolio manager at Leader Capital, shared their insights.

“I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.”

For full post: http://www.cnbc.com/id/33179408#

With Dow falling daily, will Geithner’s days be “numbered”; Obama’s Bear Market

Dow 5,000?

BY: NCVIKING

On ‘The Factor’ last night, Bill O’Reilly presented poll numbers that concluded the public is indeed confident in Obama, but the markets are polling quite differently. Neil Cavuto was on for analysis and he indicated that the markets have always been a sort of bellwether to the mood of the country and confidence in the government’s policies. They always seem to be several months ahead of the public, and rightfully so. Marketeers are in the business of forecasting the future, whereas the public polls how they feel at any particular moment. Right now, the country is still drunk with ‘Hope/Change’ and the excitement of electing the first African-American president. The markets? Not happy at all.

Treasury Secretary Timothy Geithner has been an enormous disappointment, floundering around with no palatable solution to the financial crisis or for his staff for that matter. Geithner announces a $2 trillion TARP program and the markets hurl. Then Obama pushes for, gets and signs The Porkulus, releases his historically bloated budget, launches a foreclosure bailout, and now Congress is moving through an Omnibus spending bill with 9,000 porky earmarks garnering disgust from the GOP (expected), but also [GASP!] the media? The Dow has plunged nearly 2,000 points since ‘The One’ has taken office, running for cover any time the administration has made a move.

And now, on top of it all, Obama is pushing his Universal DMV (Health) Care and CO2 Cap and Trade, further burdening the overburdened federal budget and businesses with taxation and regulation.

Great timing.

It seems Obama is more concerned with hanging out with celebrities and getting his far left agenda implemented while he’s super popular, then focusing his attention on the crisis at hand. The markets get this and have voted with a sell off, destroying wealth and the retirement funds of many. Could Dow 5,000 be far behind?

I never thought Obama would have me wishing for Bubba Clinton. Mon Dieu!

http://www.thegreatilluminator.com/blog/?p=2159

Question of the Day: What is a Dollar Worth?

More Than CitiGroup!!

Since November 4th, the DOW has lost more than 3000 pts.

As “Interested Bystander” has pointed out, the rhetoric of pointing the finger

at George W. Bush no longer holds water…..

this is, plain and simple, the reaction to the Socialistic agenda

of President Barack H. Obama

Will this be a Manic Monday Madness for Wall Street

     AIG loses ANOTHER $60 BILLION DOLLARS and we are going to infuse MORE funds!! The DOW Futures are down more than 100 points, so the market will likely open with a drop below the 7000 mark. And Warren Buffet says that the values are going to go lowere, so it will be a great time for him to look for bargains.

     With such skepticism, one can only wonder if this first Monday of March will be as brutal on Wall Street as the first Sunday’s weather was, dumping snow from Alabama and Tennessee, stright up the coast into New England, in huge amounts.

Obama Addresses Joint Session of Congress; Dow Futures Dropped 36 points

     From the moment President Obama siad “My Fellow Americans”, the Dow Jones Futures began an up and down travel throughout his speech.

     Through announcements of attacks on Wall Street, the ideas that corporations will now be taxed heavier, hints at capital gains tax changes, the market reacted heavily.

     Dealing with Barack Obama’s success or failures, we are hit with a double-edged sword: If Obama fails, we all lose and fail and if Obama succeeds, we lose our Nation as we know it, as we will officially be the United Socialists States.