WHY is the DJIA crashing?

[JRK]

“Markets go up and down,” White House Press Secretary Jay Carney said. “We obviously are monitoring the situation in Europe closely. And there’s no question that this economy has faced headwinds this year, a variety of them, including the earthquake and tsunami in Japan, the increase in oil prices – energy prices that resulted from the unrest in the Arab world, and the situation in Europe also.”

Read more: Despite Debt-Crisis Resolution, Wall Street Plummets Amid Economic Fears - FoxNews.com

 

[zzzz]

The markets are just becoming aware that the economy is tanking. The high food and fuel prices are taking a toll on the American economy and for those down in the trenches that has been obvious all year. People cannot afford to buy anything and like I have been saying that results in ballooning inventories and lack of factory orders and therefore layoffs and unemployment. It is the poor and the lower income people who drive the economy because they are the ones who cannot afford to buy anything but food and gas. They go to Goodwill and resale stores just to buy clothes.

The future? Oil prices went down yesterday, gas prices here in Indiana jumped 30 cents, what is happening here?

 

[ABikerSailor]

Why has the stock market dropped? Simple.......the markets no longer have faith that our government can be run rationally.

Interestingly enough though.......oil companies, and 72 percent of the corporations listed with Forbes have made record profits for this past quarter.

Who does this economy benefit? The ultra wealthy and the corporations, they are posting record profits STILL while the rest of the country goes down the toilet.

 

[JRK]

Good to see that 8537 is still gulping the Kool Aid.

So you disagree that this market crash is related to a slew of bad economic news and the end of QE?

What exactly is koolaid-drinking about that explanation, oldstyle?

You know in 08 we seen it coming and those in charge did something about it without selling the farm
same in 2001
The events that took place in 2001 as well as 2008 the US government had little to do with
But they did the right things to fix them
with the housing crises bust those jobs were/are gone

the man you elected president/congress has done nothing to replace them

 

[Annie]

The markets are just becoming aware that the economy is tanking. The high food and fuel prices are taking a toll on the American economy and for those down in the trenches that has been obvious all year. People cannot afford to buy anything and like I have been saying that results in ballooning inventories and lack of factory orders and therefore layoffs and unemployment. It is the poor and the lower income people who drive the economy because they are the ones who cannot afford to buy anything but food and gas. They go to Goodwill and resale stores just to buy clothes.

The future? Oil prices went down yesterday, gas prices here in Indiana jumped 30 cents, what is happening here?

Our gas prices have been at or near $4 per gallon for over 6 months. Food prices have again jumped in recent weeks, after coming down for a bit.

By the way, Dow is now down 463 points.

 

[elvis]

I hope that the market will change.

 

[kiwiman127]

Considering nothing has been done in regards to the economy and jobs by anyone, why the surprise?
After the display of childish behavior by our leaders who all refuse to sit down together and get things done, there's a lot of concern about the functionality of our government by on the debt ceiling environment.. Of course this is a well known fact.
It seems, based on some posts on this thread, that there are people almost celebrating this big drop in the markets.
Here's a very good article from the conservative The Economist.

No thanks to anyone

America has avoided default, but political dysfunction is threatening its chances of economic recovery

The debt-ceiling deal: No thanks to anyone | The Economist


As noted in the article, it's not just Obama, it's not just the Dems and it's not just the GOP.

 

[Annie]

Now down 480 with 12 minutes left.

 

[elvis]

Now down 480 with 12 minutes left.

I have the audacity of hope for the last 12 minutes.

 

[Oldstyle]

Good to see that 8537 is still gulping the Kool Aid.

So you disagree that this market crash is related to a slew of bad economic news and the end of QE?

What exactly is koolaid-drinking about that explanation, oldstyle?

It's your amazing capacity not to grasp the concept that the "slew of bad economic news" is the direct result of a clueless President and his merry band of Progressives, that gave us a two year Keynesian spend-fest on big government resulting in an economy that is on life support and a debt that is STAGGERING!

Does that explain my problem with your "explanation"?

 

[8537]

Good to see that 8537 is still gulping the Kool Aid.

So you disagree that this market crash is related to a slew of bad economic news and the end of QE?

What exactly is koolaid-drinking about that explanation, oldstyle?

You know in 08 we seen it coming and those in charge did something about it without selling the farm

is that the same 2008 when the market dropped from13,400 to 8,046? What exactly did we "do"?

same in 2001
The events that took place in 2001 as well as 2008 the US government had little to do with
But they did the right things to fix them

How did the government fix the stock market drop?

 

[elvis]

Good to see that 8537 is still gulping the Kool Aid.

So you disagree that this market crash is related to a slew of bad economic news and the end of QE?

What exactly is koolaid-drinking about that explanation, oldstyle?

It's your amazing capacity not to grasp the concept that the "slew of bad economic news" is the direct result of a clueless President and his merry band of Progressives, that gave us a two year Keynesian spend-fest on big government resulting in an economy that is on life support and a debt that is STAGGERING!

Does that explain my problem with your "explanation"?

the super Keynesians like Krugman will say the deficits weren't big enough.

 

[8537]

Good to see that 8537 is still gulping the Kool Aid.

So you disagree that this market crash is related to a slew of bad economic news and the end of QE?

What exactly is koolaid-drinking about that explanation, oldstyle?

It's your amazing capacity not to grasp the concept that the "slew of bad economic news" is the direct result of a clueless President and his merry band of Progressives, that gave us a two year Keynesian spend-fest on big government resulting in an economy that is on life support and a debt that is STAGGERING!

Does that explain my problem with your "explanation"?

"Two year Keynesian spend-fest!"

Lol...I'm impressed you know how to spell Keynesian - though you clearly know nothing of what it means.

 

[ABikerSailor]

The markets are just becoming aware that the economy is tanking. The high food and fuel prices are taking a toll on the American economy and for those down in the trenches that has been obvious all year. People cannot afford to buy anything and like I have been saying that results in ballooning inventories and lack of factory orders and therefore layoffs and unemployment. It is the poor and the lower income people who drive the economy because they are the ones who cannot afford to buy anything but food and gas. They go to Goodwill and resale stores just to buy clothes.

The future? Oil prices went down yesterday, gas prices here in Indiana jumped 30 cents, what is happening here?

Our gas prices have been at or near $4 per gallon for over 6 months. Food prices have again jumped in recent weeks, after coming down for a bit.

By the way, Dow is now down 463 points.

Yeah........and oil companies are STILL posting record profits. Same with a lot of other corporations.

The wealthy saw their incomes go up around 28 percent so far this year.

Still think they need those subsidies and tax cuts?

 

[elvis]

So you disagree that this market crash is related to a slew of bad economic news and the end of QE?

What exactly is koolaid-drinking about that explanation, oldstyle?

It's your amazing capacity not to grasp the concept that the "slew of bad economic news" is the direct result of a clueless President and his merry band of Progressives, that gave us a two year Keynesian spend-fest on big government resulting in an economy that is on life support and a debt that is STAGGERING!

Does that explain my problem with your "explanation"?

"Two year Keynesian spend-fest!"

Lol...I'm impressed you know how to spell Keynesian - though you clearly know nothing of what it means.

it means deficit spend in economic hard times.

 

[AmericanFirst]

Wall Street Pummeled: S&P Plunges Into Correction Range - FoxBusiness.com

The liberals on this web site think this stuff is a joke
it was not funny in 2008 and it damn sure is not funny in 2011 after spending trillions in so called fixes

It no longer matters whose information you use
Heritage or CBSs
its a wreck and it is getting worse

Maybe because obamaturd is an idiot and doesn't know what he is doing? Go figure!!!

 

[Annie]

Index Value: 11,391.82
Trade Time: 3:53PM EDT
Change: Down 504.62 (4.24%)

Not good.

 

[Dr.House]

The markets are just becoming aware that the economy is tanking. The high food and fuel prices are taking a toll on the American economy and for those down in the trenches that has been obvious all year. People cannot afford to buy anything and like I have been saying that results in ballooning inventories and lack of factory orders and therefore layoffs and unemployment. It is the poor and the lower income people who drive the economy because they are the ones who cannot afford to buy anything but food and gas. They go to Goodwill and resale stores just to buy clothes.

The future? Oil prices went down yesterday, gas prices here in Indiana jumped 30 cents, what is happening here?

Our gas prices have been at or near $4 per gallon for over 6 months. Food prices have again jumped in recent weeks, after coming down for a bit.

By the way, Dow is now down 463 points.

Yeah........and oil companies are STILL posting record profits. Same with a lot of other corporations.

The wealthy saw their incomes go up around 28 percent so far this year.

Still think they need those subsidies and tax cuts?

You could tax "the wealthy" at 100% and it won't make a dent in our country's problems...



Class envy is ugly, mmm-kay....

 

[Oldstyle]

Perhaps 8537 would like to take a crack at explaining to me the wisdom of QE when it's "end" causes the DOW to drop 500 points in one day? That's just freaking BRILLIANT!!!

 

[BDBoop]

Wall Street Pummeled: S&P Plunges Into Correction Range - FoxBusiness.com

The liberals on this web site think this stuff is a joke
it was not funny in 2008 and it damn sure is not funny in 2011 after spending trillions in so called fixes

It no longer matters whose information you use
Heritage or CBSs
its a wreck and it is getting worse

The liberals think it's funny? Really? I'm pretty sure it's their 401k that's shrinking, too.