The 'messiah's' magic touch...
We are digging a hole..a very VERY big hole. And this moron that was elected (by other morons) is making things worse by the day. If you have any kids, you have just made thier futures that much more difficult.
If you are a conservative, you know this, and your angered.
If your a democrat....chances are, you don't really care. Hard to care when your on your knees in worship to the man-cub known as obama.
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FOXBusiness
feb 17, 2009
""The Dow plunged nearly 300 points and barely avoided making a new six-year low Tuesday as the markets continue to worry the government's rescue efforts won't stop the nation's economic bleeding any time soon.
Today’s Markets
The Dow Jones Industrial Average fell 297.81 points, or 3.79%, to 7552.60, the S&P 500 lost 37.67 points, or 4.56%, to 789.17 and the Nasdaq Composite sank 63.70 points, or 4.15%, to 1470.66. The consumer-friendly FOX 50 declined 24.59 points, or 4.01%, to 588.82.
The latest selloff illustrates how confused the markets remain about the Treasury Department’s latest financial rescue plan and how skeptical many are about the speed of the $787 billion stimulus package President Barack Obama signed into law on Tuesday.
“We are concerned that the three-pronged approach -- stimulus package, financial rescue and foreclosure initiatives -- is just going to take a whole lot longer than we thought a month ago. That should've been something we wrapped our arms around a while ago,” said Art Hogan, chief market strategist at Jefferies & Co.
By a fraction of a point, the Dow ended above the crucial 7552.29 level at which the benchmark index settled in November for the first time since 2003. Since hitting a record high of 14164 in November 2007, the Dow has lost 46.7% of its value, including a drop of 13.9% in 2009 alone. The S&P 500, which traders follow more closely, fell below the crucial 800 level Tuesday to the lowest level since Nov. 20.
“We just aren’t sure that everything the government is doing is going to be quick enough to bail us out of the trouble we are in,” said Ryan Detrick, equity analyst at Schaeffer’s Investment Research. “We’re in the camp that November was not the lows and we do think this market is going to continue to go lower. The problems are still there.”""
http://www.foxbusiness.com/story/markets/futures-dow-test--low/
