A day in front of the July employment report, stocks plunged across the board Thursday on worries about the health of the global economy. The 512.76-point selloff was the 9th worst on record for the Dow, on a points basis, and all three of the major market indexes are now lower on the year.
From Fox News
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5 comments:
Thank you Mr. Obama and Harry Reid for REFUSING to even consider and sort of balanced budget amendment or any REAL deficit cuts.
Your libtard policies are crashing the entire world markets.
When this world enters a depression, we will remember who put us here!
The last time the Dow lost ground for nine straight sessions was in February 1978, when Jimmy Carter was president and the country was struggling to come to grips with a period of anemic economic growth and high inflation.
There are many insiders who know full well what the Jobs Report will indicate. Namely NO JOBS!
I think the problem would not be so bad if people would just sit tight and not be selling.
It's about time the market reflects the true misery that is this economy! Its time for those greedy bastards to start to suffer like the rest of us! Even at the demise of my own 401K! I'm not counting on that anyway! I know the dollar is worthless and its just a matter of time before the house of cards comes tumbling down! How can a country survive on a service economy? You can't without some kind of manufacturing!
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