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Economy
See other Economy Articles

Title: Stocks Skid 3%, Led by Banks; Vix Surges 15%
Source: CNBC
URL Source: http://www.cnbc.com/id/44088463
Published: Aug 10, 2011
Author: JeeYeon Park
Post Date: 2011-08-10 10:09:52 by Happy Quanzaa
Keywords: Obamanomics in Action, Obamatuer Hour, Obama-doma-ding-dong
Views: 2413
Comments: 2

Stocks extended their losses Wednesday to wipe out most of the previous session's sharp rally as financials led the decline amid jitters over the U.S. economy and the ongoing euro zone crisis.

he Dow Jones Industrial Average plunged sharply, led by Disney [DIS 30.60 -4.10 (-11.82%) ] and BofA [BAC 6.95 -0.65 (-8.55%) ], after surging over 600 points in the final hour of trading in the previous session amid a heavily volatile session.

The S&P 500 and Nasdaq also declined more than 3 percent. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded near 40.

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

Question to:

Oligarch Eric.

If BAC drops below 6.50, should the FedRes shut down Wall Street?

Or just let them tade it down to zero.....

LMFAO

Arbeit Macht Frei

Jump, you fuckers....;}

mcgowanjm  posted on  2011-08-10   10:22:51 ET  Reply   Trace   Private Reply  


#2. To: All (#1)

Tyler Durden's

Panic In Italy: FTSE MIB Down 6.2%, Biggest Drop Since May 2010 Submitted by Tyler Durden on 08/10/2011 - 10:27

Eliminate the FedRes.

Make the 16th Amendment null and void.

Take away Personhood of Corporations.

Minimum....;}

Or....

the USSA can just flatline....

your call Imperial City....8D

mcgowanjm  posted on  2011-08-10   10:35:41 ET  Reply   Trace   Private Reply  


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