After stabilizing shortly after the opening bell, the selloff in stocks is gathering steam in what has already been an extremely volatile trading session.
The Dow is off 304 points, or 2.7%, at 11140. The Nasdaq Composite and S&P 500 are both off more than 3%, too, as Wall Street grapples with the ramifications of Friday night’s downgrade of the U.S.’s credit rating by Standard & Poor’s.
From Fox News
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1 comment:
Keep your weapons clean and your powder dry. In the last Depression, crime wasn't a big problem because people still believed in self-reliance and fortitude in the face of adversity. Today, people belive that they are "owed" a check. Not a job...a check. And when we don't give them free food, free housing, free medical care, free education, free child care, free cell phones, free electric (and THAT gravy train is unsustainable) they won't look for a job (haven't done THAT for several GENERATIONS), they will look for the closest victim (to TAKE what we "owe" them). I hope they come to MY house. I got something they can have for free....and it AIN'T my annual tax bills...and I'm pretty sure I'm not the only one who is totally fed up with this circus...
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