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Economy
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Title: Obama Birthday Crash Continues: -200 & falling
Source: CNBC
URL Source: http://www.cnbc.com/id/44032861
Published: Aug 5, 2011
Author: JeeYeon Park
Post Date: 2011-08-05 12:04:03 by Happy Quanzaa
Keywords: Obamanomics in Action, Obamatuer Hour, Obama-doma-ding-dong
Views: 2523
Comments: 2

Dow Drops 200 Amid Global Jitters; Vix Soars

Stocks tumbled in another choppy session Friday, erasing their earlier rally as investors were quick to take profits following a stronger-than-expected government jobs report and amid ongoing jitters in the euro zone.

The Dow Jones Industrial Average slumped, led by BofA [BAC 8.06 -0.77 (-8.72%) ] and Caterpillar [CAT 86.7192 -2.8308 (-3.16%) ], after nose-diving more than 500 points—its worst one-day fall since Dec. 2008. The blue-chip index was up 171 points at its session high this morning.

The S&P 500 and Nasdaq also fell sharply.

In the previous session, all three major averages tumbled into negative territory for the year. In addition, all three indexes fell into "correction territory," defined by a drop of 10 percent from its peak from its intraday high in Apr. 29.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, surged almost 10 percent to trade above 34.

All key S&P sectors slid, led by... Click for Full Text!

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#1. To: Happy Quanzaa, All (#0)

Jitters

NO.

PPT

YES.

Epic Fail of the above.

And that's what happens when the state loses credibility...

meaning $$$.

The State will now seek preservation at ALL costs.

Expect anything....Somewhere in the bowels of the Pentagon:

Operation White Elephant:

One: That Project been sold to Goldstein yet?

Two: Waiting on Geico to ReInsure for Terror Acts.

One: Well hurry up. Just got word that the Big Dogs won't the Ready List of False Flages on their desk by Market Close this PM.

Two: Okie Dokie. I'm rolling....

8D

mcgowanjm  posted on  2011-08-05   12:24:17 ET  Reply   Trace   Private Reply  


#2. To: All (#1)

Power Grid failure could happen at any time.

mcgowanjm  posted on  2011-08-05   12:29:20 ET  Reply   Trace   Private Reply  


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