The_GiantNoodle
Member
- Jul 27, 2011
- 145
- 21
- 16
Dear Lord...... what a HORRIBLE day on Wall Street! It COULD be blamed on Obama. It COULD be blamed on the GOP. Both are total crap.
This is a global meltdown. Its a little of us and little of Europe. I want to make this clear.... this is serious. This is NOT the time for partisan hacks to come out.
What I would like is to discuss this as adults. What can we do to make America better? And JUST not for the wealthy. And JUST not for the poor.
Put your thinking cap on.
AGAIN: NO bashing Parties! Please just suggest how we can get out of this hole. I would love to see solutions but compromised. This is not owned by the Dems or the GOP alone.
Thanks!
This is a global meltdown. Its a little of us and little of Europe. I want to make this clear.... this is serious. This is NOT the time for partisan hacks to come out.
What I would like is to discuss this as adults. What can we do to make America better? And JUST not for the wealthy. And JUST not for the poor.
Put your thinking cap on.
AGAIN: NO bashing Parties! Please just suggest how we can get out of this hole. I would love to see solutions but compromised. This is not owned by the Dems or the GOP alone.
Thanks!
Stocks plunged Thursday in their single worst day since the 2008 financial crisis.
The Dow tumbled 512 points -- its ninth deepest point drop ever -- as fear about the global economy spooked investors.
"The conventional wisdom on Wall Street was that the economy was growing -- that the worst was behind us," said Peter Schiff, president of Euro Pacific Capital. "Now what people are realizing is the stimulus didn't work, and we may be headed back to recession."
U.S. markets were already sharply lower on widespread worries, including the weak job market. But the selling gained momentum as Japanese and European policymakers stepped in with dramatic measures to shore up their financial markets.
There's "total fear" in the market, said Bob Doll, chief equity strategistat the world's largest money manager, BlackRock.
All three major indexes tumbled more than 4% Thursday and erased all their gains for the year. The indexes have also pushed into "correction" territory -- defined as a 10% drop from recent highs. The Dow, Nasdaq and S&P 500 have all fallen 10% in just the last 10 days.