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Pages: obama's incompetence: stocks shed billion$ [1]
Author Topic: Obama's incompetence: stocks shed billion$
konkle

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2010-09-16 0-02-15-

obama's incompetence: stocks shed billion$ NEW YORK—U.S. blue-chip stocks traded around the 10000 level Friday as disappointing U.S. job growth and renewed worries about the eurozone sent investors scurrying toward safer assets. The Dow Jones Industrial Average slipped under 10000 after the euro fell below $1.20 around midday, and continued to bounce around that level in choppy trading. Most recently it was down 245 points, or 2.4%, at 10011. The Dow had previously dipped below 10000 last week before climbing back. Journal Community All 30 of its components were lower, including declines of more than 4% each in economiy sensitive stocks Caterpillar, General Electric and American Express. The Nasdaq Composite fell 2.5% and the Standard & Poor's 500-stock index was off 2.4%. All of its components traded lower, led by a 3.8% slide in the industrial category, which tends to suffer whenever investors are worried about global growth. A rising dollar, boosted by fresh four-year lows in the euro, also weighed on the sector. Markets expecting a robust U.S. jobs report were left wanting. The data came as concerns swirled once again about Europe's crisis, with the spotlight this time on Hungary's economy. A leading official in the ruling Fidesz party said on Thursday that Hungary faces a Greek-like sovereign-debt problem. "Today you got a postcard from Hungary - all is not well, send money. It's a reminder that the debt issues are still there and they're serious and significant," said Karl Mills, manager at Counterpoint Select Fund.
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2010-09-17 3-38-41-

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hibbert

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2010-09-19 1-03-33-

stocks are STILL higher than when Obama took over for Bush.
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pisa

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2010-09-19 2-01-52-

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marylin

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2010-12-21 5-39-25-

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  • Crissie

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    2010-12-31 5-01-44-

    he's too white “I thought when we elected a black president we were gonna get a black president,” said far-left comic Bill Maher last week. “You know, this is where I want a real black president. I want him in a meeting with the BP CEOs, you know, where he lifts up his shirt so they can see the gun in his pants.”
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