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 Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval

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PostSubject: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Thu Aug 18, 2011 6:43 pm

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Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval

A plunging stock market on Thursday and other troubling economic news can only reinforce Americans’ overwhelming disapproval of President Barack Obama’s handling of the weak economy.

On Thursday, U.S. stocks extended losses, sending the Dow Jones Industrial Average down nearly 500 points for the fourth time this month, amid concern that the global economy is slowing and speculation that European banks lack enough capital.

The Dow Jones Industrial Average fell 3.7 percent to close at 10,991. The S & P 500 dropped 4.5 percent to end at 1,141, while the NASDAQ composite index slid 5.2 percent to finish at 2,380.

Stocks closed sharply lower in Europe. London's Financial Times index dropped 4.5 percent to close at 5,092. The CAC-40 in Paris fell 5.5 percent to end at 3,076. The DAX index in Frankfurt ended down 5.8 percent to finish the day's trading at 5,603.

In Asia, Tokyo's Nikkei index lost 1.3 percent to finish at 8,944. Hong Kong's Hang Seng index slumped 1.3 percent to finish the day's trading at 20,016.

The price of gold rose more than $34 to trade at 1,825.80 per ounce.



Good read and just a snapshot of what is coming down the pike!!! JMHO!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 3:32 pm

I heard that American Express is letting go of 10,000 workers. Now I wonder where those jobs are going? It will amaze me if obama gets re-elected. I will definately suspect poll tampering then. This guy should be called on the carpet now. He should not be able to make it to the end of his term......we can not afford it.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 3:36 pm

B of A is laying off between 3500 and 10000!!! That is for this year!! Heard they were also selling off some other divisions (international CC and a couple of other things) adn their stock still fell! This is one hell of a mess!!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 3:44 pm

I lost too much already, I will be cleaning out my account next week. I'll put it in the mattress.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 3:53 pm

I have a retired friend that pulled everything from his accounts about six to eight months ago and bought gold. He only has gold! It was a significant amount and he had to buy another gun safe to secure all of it. HE is sitting back and enjoying life right now as his retirement account has grown very nicely the last few months. The next big trick for him is going to be to figure out when the wave has crested and time to pull to back out!~!! Not good for a weak heart but it has certainly paid off for him!!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 4:04 pm

I have some gold, I started some thirty years ago. I had a very rich freind that told me that I should keep any wheres from 5 to 20% of my wealth in gold. He said it was THE only safe currency.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 4:10 pm

Appears that you are enjoying some new found profits for now!!! GGG!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 4:28 pm

I would not say enjoy more than maybe a little releived, it is not enough. I will withdrawl my money what ever is left and invest a little more in gold and silver and hope the rest wont become worthless. I have invested in gold, by way of coins, pocket watches and jewelry. The jewelry I did not buy new as that is a sucker buy, but instead bought from people that needed money and from eastate sales and flea markets. Yes I have a test kit. I have been collecting silver coins since my pre-teen years. I also have been buying loose diamonds for a few years, just like those sparkley things.GGG
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 4:33 pm

That is certainly a better place to be tight now rather than the market!! JMHO!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 4:43 pm

Absolutley. I put around $220 weekly in my 401k that may cease, or at least lower it by some.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Fri Aug 19, 2011 5:13 pm

It helps when a company matches all or part of it but then if the total going in is less than the value of it dropping in these times, it does not take long for it to go completely backwards!!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Sat Aug 20, 2011 3:13 am

My company stopped matching when the recession hit, and that was 25 cents on the dollars AND only for the first $6k. Cheap cheap cheap. That's the least of my worries. Now there is talk about a double dip, Myself and others at work need to buckle up and see what we can do to save $$$$ for the company. We cater to law firms and you would figure in hard times lawyers would prosper. This time around lawyers and large firms were getting laid off, this was unpresidented. Young college grads right now in the law feild can only find parralegal work. This socialist movement has kicked our butts and I feel it is time to strike them back and very hard. There is no place in our country for these treasonous people. A message needs to be sent to them...Either get out of the US or die!!!
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Sat Aug 20, 2011 4:34 pm

Not all lawyers prosper in hard times! BR, real estate, probate, family law and a couple of others will do pretty good but a lot of the others will be hurting right along with the rest of us! In hard economic times, lawyers are still dependent on clients that can pay the bills for legal services and if money is tight it affects all of us! JMHO!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Sat Aug 20, 2011 5:04 pm

That's affirmative, they always said over the years at work that we had a niche clientel and would always do well. They have recently changed their tune. Everyone one gets hurt in times like this, except the extreme rich.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Sat Aug 20, 2011 5:33 pm

The way Little Hitler has screwed the economy there are none of us that will escape the wrath! Another 15 to 16 months is all that is left and it will begin to get better! It will not heal and recover overnight but it will happen!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Sun Aug 21, 2011 3:37 pm

He has ruined us. He thinks he is doing good? Or is it that he is just like his kind from chicago, not giving a hoot about anything but his convoluted image. I cant beleive how this guy is just sliding through this mess blaming everyone but him and his bigotted party.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Sun Aug 21, 2011 6:16 pm

It has gotten totally out of hand! Pretty sorry for the complete political system up there! I don't think any more it means anything which party it is because they both act the same!!! JMHO!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Mon Aug 22, 2011 4:00 pm

AO that is because they are all the same. They all have people that they have to answer to for one reason or another, and it is not the voters they have to answer to.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Mon Aug 22, 2011 5:38 pm

Bunch of jerks! I am beginning to agree with the thought if they are in office they need to be voted out!!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Tue Aug 23, 2011 3:08 pm

It surely seems that way, all the more reason for term limits.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Tue Aug 23, 2011 4:03 pm

I used to think it was better to have someone there that had some experience but now I think they just have more knowledge of how to screw the taxpayers and work the system! JMHO!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Tue Aug 23, 2011 4:34 pm

All the more reason for term limits. The ones their the longest take the fledglings under their wings and show them how to work the system. NOT a good thing for us.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Tue Aug 23, 2011 4:39 pm

More knowledge of the system = more taxpayers being screwed!! JMHO!!

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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Wed Aug 24, 2011 2:53 pm

It would appear that, that is the game plan. All for me and screw the tax payer.
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PostSubject: Re: Dow, S&P Tumble as Obama’s Policies Draw Record Disapproval   Wed Aug 24, 2011 4:30 pm

Old saying that you cannot squeeze blood out of a turnip is just about where they are with the tax paying folks in the US!! JMHO!! There is a time and not too far away where the taxpayer is going to say up yours and quit paying all together!!!

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