Dow Closes Down Over 500 Points — Worst Drop Since Oct. 2008
- Posted on August 4, 2011 at 4:13pm by
Jonathon M. Seidl
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NEW YORK (The Blaze/AP) — 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 Vix, a measure of investor fear, shot up 36 percent. It is up 92.6 percent for the quarter, which began July 1.
The Dow Jones industrial average was down 512.76 points, or 4.3 percent, to 11,383.68. Thursday’s losses turned the blue-chip stock index negative for the year.
The S&P 500 – the benchmark for most mutual funds – lost 60.20, or 4.8 percent, to 1,200.14. It is now down 12 percent from its recent high of 1,363 reached on April 29. The Nasdaq composite shed 136.68, or 5.1 percent, to 2,556.39.
Oil dipped to $87 a barrel on worries demand will fall because of the slowing economy. It had traded over $100 as recently as June 9.
Nearly 20 stocks fell for every one that rose on the New York Stock Exchange.
“The jobless claims number was not too encouraging … we need to see more of a significant improvement than the data just squeaking by,” Doreen Mogavero, president and CEO of Mogavero Lee & Company, told CNBC.
This is a breaking story. Updates will be added.
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Comments (188)
capecodsully
Posted on August 4, 2011 at 4:34pmWell with the President on the campaign trail without a plan for economic recovery this can be expected. Americans are just full of hope and change. Actually he doesn’t have a plan for anything other than getting re-elected.
Report Post »DeliverUsFromEvil
Posted on August 4, 2011 at 4:44pmAfter today’s sell off, I am finally left with “change I can believe in,” thank you Mr. President?
By the way, is this the Obama recession or still the Bush recession?
Report Post »Gold Coin & Economic News
Posted on August 4, 2011 at 4:48pmAnd all Obama wants to do is tax the rich. Yea, that’s a real plan, they already pay enough:
Report Post »http://www.usgoldcoinauctions.com/gold-coin-blog/2011/07/the-rich-do-pay-their-fair-share/
2patriotic
Posted on August 4, 2011 at 4:56pmYep,and that is all folks!!!!!
Report Post »jhaydeng
Posted on August 4, 2011 at 4:58pmThank you to all of the Liberals and Democrats that still walk with the Obama labotomy! Now that the entire country is crashing I would like to thank you all for not questioning any decisions by this administration! At least you were one of the “hip” and “trendy” ones that voted for this pure Socialist! This all will work out swell I’m sure!
Report Post »tower7femacamp
Posted on August 4, 2011 at 5:01pmMost people have NO IDEA what’s coming
Report Post »JRook
Posted on August 4, 2011 at 5:02pmNot good but 8,149 December 1, 2008 and 8,776 December 31, 2008. So still 30% above the 12/31/2008 level he was handed.
Report Post »tower7femacamp
Posted on August 4, 2011 at 5:07pmRon Paul 2012
Report Post »http://www.reuters.com/article/2011/08/03/gold-reserves-idUSL6E7J30EY20110803
MONICNE
Posted on August 4, 2011 at 5:08pmLuckily, Congress is going to turn the FAA back on tomorrow, restarting a Billion Dollars in revenue collection and restoring 70,000 jobs!
The foreign market may begin to believe we are still sane in Washington DC, and rally the Dow before Friday’s close. So Buy early!
TEA
TEA
Report Post »trolltrainer
Posted on August 4, 2011 at 5:10pmTo those who are hating Allen West, this is why he voted yes. I would have voted no myself, but today’s hit would have been much worse the bottom would have fallen out. Is it anymore than sheer herd mentality and senseless panic on the part of the market? Of course that is what it is and it will rebound in good time. But without the lame bill that passed it would be much worse. This is what Allen West knew.
Report Post »tower7femacamp
Posted on August 4, 2011 at 5:10pmHow did Goldman, Sachs & Co. — saved a year ago by the US taxpayer — magically make $3 billion in 3 months a year later?
This as the US dollar collapses, unemployment soars and foreclosures hit a record?
Here is the Goldman, Sachs & Co. revenue break down for the past 3 months:
* Financial Advisory-M/A: 325 million.
* Equity Underwriting: 363 million.
* Debt Underwriting: 211 million.
* Trading-Principal Investments: 10 billion.
Notice that 10 billion is much bigger than two or three hundred million made from the traditional Wall Street businesses.
That $10 billion is evidence of their magic trick. For we the taxpayer gave Goldman Sachs the following:
1. 10 Billion in TARP
2. 11 Billion from the Fed
3. 30 Billion from the FDIC
4. 13 Billion from AIG
For a grand total of almost $70 Billion (Goldman along with every other bank and AIG would have been defunct without this money).
http://www.huffingtonpost.com/dylan-ratigan/goldman-sachs-black-magic_b_324095.html
Report Post »seeker9
Posted on August 4, 2011 at 5:43pmBuy dips, sell rips! Major crash late 2012-2013 unless BHO repealed.
Report Post »Anonymous T. Irrelevant
Posted on August 4, 2011 at 5:45pmWhat? Did they think giving Obama 2 trillion more was GOOD for the economy? What did they THINK was going to happen? We simply cannot spend more than 100% of national GDP.
Report Post »This idiot of a president, nor his economists, nor his administration, don’t seem to understand that.
I think it’s time for a vote of no confidence.
spurjimmy
Posted on August 4, 2011 at 5:47pmDo you think George Soros has a big fecal eating grin on his face as he does a long distance high five with his White House Butt Boy?
Report Post »Anonymous T. Irrelevant
Posted on August 4, 2011 at 5:48pmOh, and while y ou are wishing the president a happy birthday, thank him for raising the pay of most of his administration, while several million people are out of jobs and more have stopped looking.
Report Post »Eblaze44
Posted on August 4, 2011 at 5:56pmand the people with the money are supporting him – do you think they are afraid he’ll raise their taxes – no, like Harry Reid/Pelosi/ObamaCare – his rich socialist buddies will be excused or be able to hide their income. Shoot, they’ll probably be members of his Party of Socialist elite, In the old Soviet Union they called them the Duma, here we call them Czar’s.
Report Post »svan71
Posted on August 4, 2011 at 4:31pmChange we can beleive in ! only half way there ! Happy B-Day B.O. !!!!
Report Post »thomasdaddy
Posted on August 4, 2011 at 4:36pmnah, this couldn’t be the fault of the right holding up debt ceiling negotiations!! This has to be Obama’s doing!! I bet he kidnapped the Lindbergh baby too! LMAO!!
Report Post »trolltrainer
Posted on August 4, 2011 at 4:53pmNope, it is the fault of the left for blocking legislation.
Report Post »thomasdaddy
Posted on August 4, 2011 at 5:02pmtroll,
“Here’s an idea: Quit the drunken spending!”
Spending wisely is the key! you can’t stop spending with 14million americans out of work! That makes not sense! History tells you that in harrible economic times the government needs to spend in order to get people back to work and spending money! deny it is you want, but you’d be wrong!
Report Post »trolltrainer
Posted on August 4, 2011 at 5:02pmstupid, ignorant libs are holding this country hostage with their entitlement mentality.
Report Post »trolltrainer
Posted on August 4, 2011 at 5:13pmCut it thomasdaddy! Cut it down to the quick! Cut it now! You are only doing a disservice to those private sector employees by not cutting the waste. You do not have to cut necessary entitlements, only the waste. However, putting many government employees out of work will be necessary. Government sector employment ballooned under Obama and this needs popped. Sorry Charlie, just the way it is. Your 150K government job must go.
Report Post »Brad
Posted on August 4, 2011 at 7:33pm@Thomasdaddy — There you go again… Sarcasm in debate is most effective, except you lack the cheering crowds here that you might at The Huffington Post. Not a smart move but then it‘s YOU I’m talking to. Economics is really quite simple…Perhaps not for you people who think that MORE spending and MORE taxing will help the country. The markets are reacting to a government that is very anti-business… Your kind of logic is like filling up a rocket with sand and water and then wonder why it doesn’t take off. It’s probably those silly rocket scientists who are trying to stop us from refueling with sand and water and tell us we need real rocket fuel! Damn scientists…What do they know anyway?
Stop spending, reduce tax liability on businesses and give incentives for hiring and expanding their business, Do the same to individual citizens…redo the tax code to resemble the fair tax, stop restrictive regulations, open up drilling for American oil companies…These are ALL proven policies that Conservatives support, but your anti-business president and Congress will have none of it.
If this wasn’t so serious… I would also LMAO….
Report Post »joe1234
Posted on August 4, 2011 at 11:01pm@fascist daddy…when are you gonna get a clue your socialist policies don’t work..never have never will…but then all you care about is getting your welfare check cause you’re too lazy to get off your fat ass and get a job. leech.
Report Post »GOTT-EM-MAUSER
Posted on August 4, 2011 at 11:05pmThis reaction is very simply a Mirror of the vast grass roots majority of PRODUCERS in this country. I KNOW THIS CAUSE I ARE ONE. “WE” are, and have been, both Figuratively and Literally, “DIGGING IN” for the coming ARMAGEDDON, both Financial and Physical.
The African Wet-Back and his D.C. Communists have removed any lingering doubt about this Government’s intent to steal every penny, held by anybody and everybody that is within their reach. NOBODY is Investing, Hiring nor anything else anymore. The Communists will have to find someone else to “Work so they don’t have to”
This latest Fiasco called a “Deal” was the final confirmation that “Business as Usual” still rules the day in Washington D.C. No matter whether it is the OBONGO COMMUNISTS, the RHINO SOCIALISTS or the TEA PARTY CAVE CLUB, none of them did anything other than the same old “Rope-A-Dope” end run, to kick the can on down the road till the next “ELECTION” that is, and continued the Standard Operating Procedure for all the Stazi Government slugs for the last 150 years.
Our “Token Darkey” has now driven the final nail in the “Economic Coffin” for this country, and EVERYBODY with an IQ over “SIX” knows it. The time has come to rid this country of all those that make up our socalled Government, by whatever means are required, and start over.
Report Post »joe1234
Posted on August 4, 2011 at 11:16pm@fascistdaddy…I see you just signed up…I am so glad…another fascist fool to make fun of…a typical liberal…a legend in their own mind….making a fool out of you is so easy..you do it to yourself with every post…LOL
Report Post »thomasdaddy
Posted on August 5, 2011 at 9:19amTroll,
“Government sector employment ballooned under Obama and this needs popped”
Temporary government employees ballooned under Obama (Cenusus). The largest expansion of the U.S. government happened under Bush!
“George W. Bush rode into Washington almost eight years ago astride the horse of smaller government. He will leave it this winter having overseen the biggest federal budget expansion since Franklin Delano Roosevelt seven decades ago.”
I agree with cutting entitlements, but in a smart way. Most that talk about cutting entitlements have no real clear cut plan on how to do it, they just use it as a talking point, to get the conservative base behind them!
Brad,
I’m not even sure why I keep talking to you, because you really add nothing of substance to any debate! But here I go!
“The markets are reacting to a government that is very anti-business…”
What happened to all of a sudden prompt people to think this government is anti-business? The market was fine until what? Just after the Debt Ceiling Bill was signed, just as economists said would happen!! Economics is very complicated, YOU are simple!
“Stop spending, reduce tax liability on businesses and give incentives for hiring and expanding their business”
Report Post »Your kind wants to keep reducing taxes even though it’s been proven to NOT stimulate economic growth! Whats the definition of insanity again? LOL Taxes haven’t been raised! In fact, Obama continued the Bush tax cuts, and what?
joe1234
Posted on August 5, 2011 at 1:21pm@fascistdaddy…you really are ignorant of history….tax cuts work every time they are tried…when bush tried them tax revenue went up, and the economy went up…when clinton tried them, the capital gains tax cut in the late 90s…same thing…when reagan and JFK tried them, they all have the same results…growing economy…and more taxes coming into the government because of the growing economy…I would say get a clue, but you obviously never let facts get in the way of your ideology…
Report Post »GreatAmerica
Posted on August 4, 2011 at 4:31pmThis 510 drop is because of the Tea party. I think we need to cut spending but you don’t do it in bad economy. What idiots
Report Post »capecodsully
Posted on August 4, 2011 at 4:36pmYeah more debt is what we need to turn this thing around, talk about idiots.
Report Post »cloudsofwar
Posted on August 4, 2011 at 4:37pmyeah spend more just like FDR did in the GREAT DEPRESSION. those who don’t know history are doomed to repeat it. the TEA PARTY is right, spend less, reduce Gov.
Report Post »thomasdaddy
Posted on August 4, 2011 at 4:38pmThank god!!!! Another voice of reason!!!!
Report Post »wewantchillywilly
Posted on August 4, 2011 at 4:40pmyeah and Bush is to blame for this huge plunge as well, right?
Report Post »thomasdaddy
Posted on August 4, 2011 at 4:41pmcape,
Is cutting jobs the solution to unemployment??? I think you should consider thinking before posting!
Report Post »cane247
Posted on August 4, 2011 at 4:41pmWhat flavor Kool-Aid are you drinking?
Report Post »tarbush
Posted on August 4, 2011 at 4:42pmYea, that’s must be it. The market is dropping because of paltry cuts that don’t happen until 2014. And it doesn’t matter that the tea party folks were against the bill and a bunch of dems voted for it and the prez signed it. They could have stopped it at any time. No spending was cut but it is the tea party fault. Shouldn’t you be blaming this on bush and those targets that sarah paling used on a map also?
Report Post »StevenL1955
Posted on August 4, 2011 at 4:42pmYou’re joking, right?
Report Post »MONICNE
Posted on August 4, 2011 at 4:43pmThe worst part is when the Fringe Government appears to be acting Irrational and Stubborn. It spooks the market and the investors decide (or may be required) to preserve their capital by selling & holding. They make money, the country loses growth.
A self inflicted wound for being inflexible and clueless about world markets.
This is the richest country on earth, ever seen. And some ideologues insist we are broke.
TEA
Report Post »ConsiderThis
Posted on August 4, 2011 at 4:47pmDon’t worry. If it drops much further, Sarah Palin will (sooner than she would prefer) announce she‘s running and it’s, “Game On”, and then the markets will recover.
Report Post »2patriotic
Posted on August 4, 2011 at 4:49pmAny questions how this nut got in the whitehouse????
Report Post »thomasdaddy
Posted on August 4, 2011 at 4:50pmwewant,
“yeah and Bush is to blame for this huge plunge as well, right?”
No but the right is! Deny that is you want, but you’d be wrong!
tar,
Report Post »“And it doesn’t matter that the tea party folks were against the bill and a bunch of dems voted for it and the prez signed it.”
Everyone was against this BS bill! The right tried to use it as a political platform! This should have been a bill strictly to raise the debt ceiling! Argue tax reform, balance budget, and spending cuts separately!! Everyone had already agreed that the debt ceiling had to be raised!! There was no getting around that, regardless of what the teabaggers say! They raised the debt ceiling and the dow still dropped! Imagine how far it would have dropped if it hadn’t be raised.
thomasdaddy
Posted on August 4, 2011 at 4:54pm“Don’t worry. If it drops much further, Sarah Palin will (sooner than she would prefer) announce she‘s running and it’s, “Game On”, and then the markets will recover.
I missed the [sarcasm] tag on this comment! LMAO!!! If by the slimest chances in the freaking world she made it into the WH, i’d give her 11mos before she quits! LOL!!! You betcha!!!
Report Post »trolltrainer
Posted on August 4, 2011 at 4:55pmHere’s an idea: Quit the drunken spending!
Report Post »tonydanibradbury
Posted on August 4, 2011 at 5:03pmSince you feel comfortable enough posting that this sudden dip is the Tea Party’s fault, could you please back up your arguement with facts? How exactly did the Tea Party’s actions impact the markets, especially globally?
Report Post »agameofthrones
Posted on August 4, 2011 at 5:25pmYou never spend what you don’t have whether it is a good economy or bad. That is reckless no matter which party does it. Living within your means and paying your debts is always smart. Giving handouts to people who WILL NOT work and subsidizing things that people do not want. We can live within our means as a country but none of our politicians have the guts to do it and too many people want something for nothing.
Report Post »AmericanSince1619
Posted on August 4, 2011 at 5:33pmWhat does it look like when the market that is conditioned for a Obama socialist utopia gets realigned after realizing that he does not control America’s pocket book anymore.
You just saw it.
DOLLAR UP, which lowered the price of oil (remember when the dollar grows weaker, OPEC wants more for the same barrel), and since a dollar is worth more, it takes less of them to buy that same amount of gold, hence gold price drop.
SOME OF THE BIGGEST STOCK LOSERS were hedge fund stocks, those that do well when the economy tanks.
And will somebody see if they can find a link to Clearwire Communications one of today’s biggest losers, did they have a stake in Obama’s free internet or something?
Report Post »RIGHTHOOK
Posted on August 4, 2011 at 6:02pmCNBC Headlines: “Recession Seen Looming as Jobless Benefits End”
Report Post »We’re going to have a recession because we’re cutting back on unemployment benefits??? That is surely a sad statement about the status of our economy and our society. No free gov’t money, no more recovery? Give me a break!
Thanks entitlement minded idiots.
joe1234
Posted on August 4, 2011 at 11:03pm@fascistdaddy..when’s your savior gonna wave his holy hands and heal the stock market, like he did the ocean? hmmmm?? I‘m sure you’re stupid enough to vote for him again…after all its not like you have to earn your own living…you prefer leeching off your neighbors…
Report Post »4truth2all
Posted on August 5, 2011 at 3:21pmHow can it be because of the TEA party. In majority they did not vote for it! No, the market is reacting to a bill they know solved nothing.
Report Post »2+2=4-3+5=__________ you do the math. That is what just happened. its not complicated at all.
Pattondog
Posted on August 4, 2011 at 4:30pmcant you just feel the confidence that world leaders and businesses have in our Potus, such a fine fine example, we should all be proud and burry our heads in the sand. lets see how MSNBC spins this as bushes fault or those hooligan tea party people speaking up about a slow moving trane wreck heading for a cliff.
Report Post »GlennNut
Posted on August 4, 2011 at 5:07pmThe President of the United States doesn’t exist for the benefit of the ultra-wealthy Wall St tycoons and their lapdogs in the Chamber of Commerce. At least not in principle. The President also doesn‘t have the authority in that big Constitution you’re always talking about to compel the ultra-wealthy (who are doing fine, don’t worry) to invest some of their trillions in the subhuman rabble who can’t even afford a $2000 pair of pumps.
Why would the super-rich want “the economy” (which means nothing to them) to do well? They might have to pay another percentage point of taxes if Obama wasn’t decried as a failure. Worse, the country might actually begin to move in the direction of equality and freedom. And since they’re torpedoing “the economy” of their own country to ensure they go on holding all the levers of power, Obama will be certified a failure by the idiots in this place who actually think the rich and powerful really care about them at all. It is a LIE, not even a good one, and the fascist elites in this country (none of whom are “progressives” or “socialists”) WILL NOT ABIDE being reined back to the disgusting reality they have chained the rest of us to. The rest of us, whom they genuinely regard as beneath themselves in every way, and who display outright repulsion at even being considered as the same species.
They are liars and criminals, and the Tea Party are their enablers and celebrants.
Report Post »needanotherReagan
Posted on August 4, 2011 at 4:29pmI wonder what the markets will do when the dismal jobs report comes out tomorrow. Maybe we will need a recovery fall, or a recovery winter. Hope and change, hope and change.
Report Post »MONICNE
Posted on August 4, 2011 at 4:35pmWhat was “October 2008?”
Oh, I remember – It was when Bush/Cheney tossed America in the financial toilet with TARP!
That was what started the Taxed Enough Already revolt!
Not the stupid O’Bummer Administration in 2009!
TEA
Report Post »trolltrainer
Posted on August 4, 2011 at 4:56pmTrue, Moncine, very true! Bush started this all. Okay now, can we PLEASE move on now?
Report Post »ConsiderThis
Posted on August 4, 2011 at 5:02pm@ Monicne
No, no. Oct 2008 was when the markets raised their heads and realized Obama might get anointed.
This drop is because they’ve seen what he really can do when he tries.
Here’s a tip. If it drops much further – buy – and then after Sarah Palin announces it’s “Game On”, the markets will spike and you’ll make a killing.
Report Post »tower7femacamp
Posted on August 4, 2011 at 5:05pmhttp://www.zimbio.com/David+de+Rothschild/articles/6/Wo+Owns+Federal+Reserve+Rothschilds+Bank+England
Report Post »MONICNE
Posted on August 4, 2011 at 5:20pmNo, No – The TEA party Start-up had nothing to do with “Obama” -that was just coincidence.
The fact a black president was “maybe going to be elected” had nothing to do with the October 2008 recession! That would mean there is a racist economy!
Fact is, it does not matter if the President is purple, green, or polka dotted; we have had enough!
No, no, the TEA party would be Just as Offensive and Rude today if Ronald Reagan were in the White House and Sarah Palin was the sitting Vice President!
If John McCain and Sarah Palin were in power, Mitch McConnell would be dedicated to making them a “one term” administration because the deficit would be plus or minus 10% where it is now.
That’s our TEA story and we are sticking to it.
TEA
ProbIemSoIver
Posted on August 4, 2011 at 4:29pmStock Market = Gambling
Report Post »alrunner58
Posted on August 4, 2011 at 4:28pmWhether you’re lib, conservative or independent it is not going to make a difference when were all standing in food lines, can’t afford housing and utilities. We are headed for hard times and I hope we all survive.
Report Post »Mary M. Tebbe
Posted on August 4, 2011 at 5:36pmalrunner58: We’re headed for hard times, because we are ALL too stupid to make the right decisions, even when we know what those decisions should be. We keep making the same mistakes over and over and over again. Just observing Obama’s “zero plan”, and the Congress acting irresponsibly at the last possible minute in regards to the raising of the debt ceiling, it is no wonder we are in the mess we are in…cobbling that can-of-soup bill together at the last minute, and again not knowing what it all contained…despicable. The democrats backed the Republicans into the corner again.
Report Post »The stock market is as jittery as the deer in our woods, and as fickle as they come with their monies, always operating on assumptions and hunches. Wouldn’t it be nice if they were as concerned about the money of the average people investing that get hurt in the long run?
GOTT-EM-MAUSER
Posted on August 4, 2011 at 11:22pmIn the coming “Hard Times” the initial violent confrontations, and resulting starvation and disease will kill fully two thirds of the Population of this country. Some say in 6 months, others peg it at 3. After that is sorted out, yes it will be plenty tough, but those that do survive won’t be the Govt. Teat Suckers, Union Drones, Money Jews, and other “Useless Eaters” that have sucked the lifeblood out of this country.
The rest of us will then do as we have always done, regroup, retrench and get busy starting over with whatever hand of cards we are dealt. And we will do just fine.
Report Post »4truth2all
Posted on August 5, 2011 at 3:33pmYep. the rubber going to hit the road burnin.
Report Post »4truth2all
Posted on August 5, 2011 at 3:39pmTo Gott-em-mauser: Not sure where you get your numbers from. This ain’t about starting over, its about comming to an end!
Report Post »FANGS
Posted on August 4, 2011 at 4:27pmAmerica can turn the whole Nation around in one day of Rage. We must get rid of All the unions and All the democrats. America must Start a Revolution Now.
Report Post »MONICNE
Posted on August 4, 2011 at 4:28pmOr, do what I do – let’s buy some bargain stock!
TEA
Report Post »4truth2all
Posted on August 5, 2011 at 3:50pmIsn’t that odd; that just what the dems and liberials are saying about the repubs, conservatives and the tea party. Not sure how you think hate leads to a better place and a new improved America!
Report Post »american1st
Posted on August 4, 2011 at 4:26pmnow that the budget has been handed over to the super congress of 13, expect it to get worse and worse so they can go ahead and pass bills w/o the (formerly) representative congress having a say.. even martial law being declared due to economic collapse seems a possibility at this point….
Report Post »Eblaze44
Posted on August 4, 2011 at 6:03pmWho is going to support his “martial law”? do you think the military will – oh, I know that some might – but will the rank and file troops with folks at home support a Socialist Emperor?
Report Post »GOTT-EM-MAUSER
Posted on August 4, 2011 at 11:49pmEblaze,
Initially it will be “Local” Law Enforcement, but they won’t last more than a few days and will all be either Dead or AWOL. At that point, a combination of Heavily Militarized Federal Police, and some of the “National Guard” units will come in to quell the disturbance, they won’t be much more effective nor longlived than the “Local” Stazis. This will give the African Wet-Back and his D.C. Cronies the “Emergency’ They want so badly to rationalize calling on the U.S. Military to step in, some will, some won’t, this I know firsthand. When “ALL” the Military won’t heed the call, the U.N. will ride to save the day, and of course ALL the D.C. Politicians will welcome them with open arms.
The first units will come from Canada and Mexico, these arrangements have already been made and their reaction time will be fairly quick. However the Canadians and Mexicans comprise two of the absolute “Worst” Armies in the world, and both will encounter fierce and far more substantial resistance than they have been led to believe would be the case. They will bog down pretty rapidly and the U.N. and the “Wet-Back” will go to the final option. That will be more U.N. troops from mostly the Eastern European (Former Warsaw Pact) countires even possibly China and Russia. This will require some time for them to deploy and get in the fight, and the outcome will of course be determined by the “Fortunes of War”. A rifle, and an American, behind EVERY Blade of gras
Report Post »MONICNE
Posted on August 4, 2011 at 4:26pmSweet! All the folks here are so happy their miserable “end game” is coming true for the whole country!
This will teach those fancy pants liberals that we are not a great country.
This will prove that we are broke!
I got mine (a cellar full of seed beans) , to heck with the old and the poor!
TEA
Report Post »chips1
Posted on August 4, 2011 at 6:31pmSeems as though the bigger the Obama screwup, the more you post. Your all over this site. You’ve ran out of “hopey changey”.
Report Post »thommoos
Posted on August 4, 2011 at 4:26pmMarkets Downs, Oil down , Debt is up, everything else is up, so much for the “crisis” being avoided people are scared, people have cut back, God help us
Report Post »heavyduty
Posted on August 4, 2011 at 4:24pmGreece mover over we are taking your spot. Because Obama and the Democrats still think we need more debt. Even when the European leaders told him a couple of years ago he was full of it. That we would be in their shoes if he didn’t change his way of thinking.
Report Post »John 1776
Posted on August 4, 2011 at 4:24pmGuess Barry got his birthday wish when he blew out his candle!
Report Post »Even Gold was down as investors sold to cover their margin calls on their dying portfolios.
MONICNE
Posted on August 4, 2011 at 4:31pmNo, that is not true – I heard Glenn doing a Gold Line commercial at 3:45 on 77 WABC New York City.
And, he said that Gold is a Guaranteed investment. He even said he actually owns Gold.
TEA
Report Post »Rapunzel
Posted on August 4, 2011 at 6:10pm@Monicne – you are such a liar. Glenn never said that and you know it.
Report Post »Fiscallytead
Posted on August 4, 2011 at 4:23pmIt’s the teaparty holding the county hostage I tell you… they did it.. wanting actual cuts.
Report Post »Gypsy123
Posted on August 4, 2011 at 4:23pmDummies if its all coming from Europe why did it start dropping as soon as the Washington crew voted for the Debt ceiling they are so out of touch
Report Post »saranda
Posted on August 4, 2011 at 5:04pmDow has been falling since July 22.
Report Post »Gypsy123
Posted on August 4, 2011 at 4:22pmGLENN WAS RIGHT AGAIN! How does he do it!. Get your wheel barrows ready to go to the grocery store with it full of money
Report Post »heavyduty
Posted on August 4, 2011 at 4:26pmWheelbarrows aren’t going to do it anymore thanks to Obambi and his cohorts. You are going to need a one ton truck to haul the money to buy groceries. If this drought gets any worse there won’t be enough money to buy groceries at all. And all Obmabi can do is blame Bush for his failures.
Report Post »Warphead
Posted on August 4, 2011 at 4:32pmNot me. I have lots and lots of silver. The poor mans gold, but will still put food on the table. I’m so glad I got almost everything disconnected from the dollar. Other than a few bills in the bank, everything else is silver, food or survival needs. I think I’ll go home and say a little prayer for all my home-made solar cells up on the roof.
Report Post »texasfarmer
Posted on August 4, 2011 at 4:21pmIt’s what little Timmy and the gang wanted.
Report Post »concealled9mms
Posted on August 4, 2011 at 4:20pmHard to believe as the budget deal was suppose to avoid this . Thanks obamma everything you touch turns to crap and you keep driving away people from your regime
Report Post »Brasil2520
Posted on August 4, 2011 at 4:19pmGreece here we come !
Report Post »LOOKING_BOTH_WAYS
Posted on August 4, 2011 at 4:26pmI hope you go soon —————————>
Report Post »Brasil2520
Posted on August 4, 2011 at 4:41pmLOOKING BOTH WAYS
Oh yeah your that liberal that likes dark meat in his mouth
Report Post »LOOKING_BOTH_WAYS
Posted on August 4, 2011 at 4:48pmNice try ..Pedro…. I’m not a lib…… i just don’t like Nazis.. and you are just a Transplant from another world and if your Mommy didn’t support you , you would starve
btw ,,, i know your Mother well ….. ;-)
Report Post »Brasil2520
Posted on August 4, 2011 at 5:11pmLOOKING FOR DARK MEAT
My mother was a teacher, she must have flunked you, now put that dark meat back in your mouth and start sucking, you race traitor, next thing your going to write is – black power !
Report Post »LOOKING_BOTH_WAYS
Posted on August 4, 2011 at 5:29pmWOW…BRA_LILLA… seems like you are stuck on things stuck in peoples mouths. It might be because it’s a fantasy of yours…are you dreaming about Hitler again ? I’m sure you will get your dream come true in hell some day …. I know you don’t like women because you insulted one just because she stands up for ISRAEL … and then when someone called you on it you said … FREE SPEECH……FREE SPEECH ….what a flippin idiot you are …..hurry now MAMAS got your din din ready
Report Post »LOOKING_BOTH_WAYS
Posted on August 4, 2011 at 7:22pmoK … Pedro Barboza ..if you say so …me a race traitor ? what do you know about my race ? maybe my line has been here for over 10′000 years, ….or maybe not …… guess …lol
Now tell me ..what good or accomplishments do you intend to bring on this Earth with your internet hate ? if you can’t say it in public then you are a coward.
go rest now my friend …….. MAMA will take care of you ………………………………………………………..
Report Post »Snowleopard {gallery of cat folks}
Posted on August 4, 2011 at 4:18pmOkay, is it the endgame for our economy or the adjustment of the market naturally?
Report Post »concealled9mms
Posted on August 4, 2011 at 4:22pmWell if its a correction its a long one 9 down days out of 10 down is awfully long correction
Report Post »danfinrud
Posted on August 4, 2011 at 4:29pmI do not think it is a correction. It is more following what the market sees for Companies in the US under the current climate. It is affected by things happening in the EU but you can also blame no attempt to do any cutting in the US Budget. Anyone who understands money that as Federal government needs more and more of the Money pie less money will be available to expand the economy. We are at the point where the Spending will affect the economy more and more. ANd if the economy does not improve well how will companies be able to expand or new jobs produced.
Report Post »HKS
Posted on August 4, 2011 at 4:18pmI think those rich guys might be tired of buying and selling stock to themselves to give a strong market illusion.
Report Post »cloudsofwar
Posted on August 4, 2011 at 4:48pmUncle Sam has been buying stock with our tax dollars. another World Depression. And BO smiles.
Report Post »ProbIemSoIver
Posted on August 4, 2011 at 4:53pmlol. bingo.
Report Post »Snowleopard {gallery of cat folks}
Posted on August 4, 2011 at 4:18pmSo, is this the start of the end game for us? Or just a variation of the market readjusting itself?
Report Post »trolltrainer
Posted on August 4, 2011 at 4:59pmJust a variation, the show is yet to come.
Report Post »Thighmaster
Posted on August 4, 2011 at 4:18pmGo Obama!
Report Post »J.C. McGlynn
Posted on August 4, 2011 at 4:17pmLet me guess “It’s George W. Bush’s fault!”
Report Post »Gold Coin & Economic News
Posted on August 4, 2011 at 4:16pmWhat, I thought King Obama, along with Debbie Wasserman “Bulldog” Schultz said we were in the recovery summer.
Report Post »vennoye
Posted on August 4, 2011 at 4:19pmAGAIN!! Both the last and the current “recovery summers” have really been duds!!
Report Post »J.C. McGlynn
Posted on August 4, 2011 at 4:20pmYou got me wondering. Is Debbie Wasserman Schultz any where near related to “Idiot” Ed schultz?
Report Post »ProbIemSoIver
Posted on August 4, 2011 at 4:45pmThis is just the beginning. Wait for the “freeze”. That is, when systems are overloaded from panic, and everyone loses everything.
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