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Topic: Dow Suffers Worst Drop
of the Year |
Dow Suffers Worst Drop
of the Year
ABC News, by Zunaira Zaki
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Original Article
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Posted By:JoniTx, 11/7/2012 8:22:44 PM
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| The Dow Jones Industrial Average had the biggest point drop since November 2011. The Dow closed at 12,932.73, down 312.95 points, or 2.4 percent. The S&P 500 also dropped 2.4 percent to 1,394.54 while the Nasdaq Composite fell 2.5 percent to 2,937.29. Stocks opened lower Wednesday morning with investors concerned about the looming fiscal cliff and the European economy. Protests against Greek austerity measures persisted for the second day in Athens with Prime Minister Antonis Samaras asking parliament to vote on spending cuts and tax increases.
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Reply 1 - Posted by:
crimea river, 11/7/2012 8:26:08 PM (No. 8998180)
People with skin in the game have spoken.
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Reply 2 - Posted by:
Safari Man, 11/7/2012 8:30:03 PM (No. 8998185)
Revenge against the "1% ers". If you own stock or have any retirement money saved up, the revenge is going to be on you.
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Reply 3 - Posted by:
august9, 11/7/2012 8:38:22 PM (No. 8998197)
Gee.....all of a sudden Greece is back in the news---funny how that happens!
Speaking of Greece----why would Greece's financial dilemma be of concern to us here in the U.S.A when we just voted to continue down the same path that got them into their quagmire?
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Reply 4 - Posted by:
Bobn.T, 11/7/2012 8:42:23 PM (No. 8998206)
And more of the same is to follow.
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Reply 5 - Posted by:
Mike PHX, 11/7/2012 8:43:16 PM (No. 8998210)
Most of my investments are in index funds, including Double Dow and Double Nasdaq. I threw some more money into them recently, thinking of a bonanza after a Romney win.
This morning I was unable to feed my cats their usual tin of Meow Mix.
It was actually delicious. A little soy sauce, some pepper...yummy.
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Reply 6 - Posted by:
schnapps, 11/7/2012 8:57:55 PM (No. 8998239)
ABC news radio was blaming the stock market drop on the fiscal cliff they just discovered.
Oh, yeah and they just notice the riots in Greece, too.
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Reply 7 - Posted by:
Donna M, 11/7/2012 9:28:55 PM (No. 8998283)
Fiscal cliff time. For all their caving in to Obamacare and trying to get on the health exchange gravy train, healthcare payer stocks are way off: Humana (Medicare Advantage) off 6%, UnitedHealth off 2%, Aetna down 1.8%, WellPoint (Blues Empire and Anthem) off 5%. CEO of Aetna's already talking employee freeze/layoff:
http://www.bloomberg.com/news/2012-11-07/ceos-ask-obama-to-fix-deficit-while-bridging-chasm-in-congress.html?cmpid=yhoo
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Reply 8 - Posted by:
bpl40, 11/7/2012 9:36:20 PM (No. 8998294)
What the hell did you expect you 0bama voting morons?
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Reply 9 - Posted by:
Ecclesiastes, 11/7/2012 9:55:46 PM (No. 8998334)
The market has been over inflated for years. Call me when it goes to 7,000.
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Reply 10 - Posted by:
stablemoney, 11/7/2012 9:56:55 PM (No. 8998338)
I thought the one day drop after the election was investor concerns because Obama won. Fiscal cliff? Greece? The stock market has know about that for months.
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Reply 11 - Posted by:
Rumblehog, 11/7/2012 10:16:41 PM (No. 8998389)
The libertard professors in California don't have a clue that this is NOT good for their bountiful CALPERS retirements. CALPERS is hugely dependent on the health of the US market and pension plans are being wiped out with losses like this.
Speaking of which, Gov. Moonbeam really thinks he can get the Feds to bail out their bloated bureaucratic entitlement gravy train, but that would add another trillion to the national debt for just one year. Socialism is entirely screwed. If we do what third world nations do, and that's induce inflation and deflate our currency, the Chinese will go to war against us. Great situation FDR socialism has brought us to, huh?
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Reply 12 - Posted by:
reddfroge, 11/7/2012 10:19:29 PM (No. 8998396)
AARP can go to 'H++l'
They sold out all of their members
to make a buck on Obamacare.
It WILL bite them in the end.
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Reply 13 - Posted by:
billa, 11/7/2012 10:23:25 PM (No. 8998398)
Embrace the continuation of the Depression. No one with brains and capital is going to invest into any thing of substance for the next four years.
Meanwhile, the OWS unemployment brain dead crowd, the muslim/arab lunatics, militant blacks and entitlement crowd (over 50%) now have free reign to wage war and havoc on those who have jobs, own property and employ people. Wake me up in 2016, oh wait...the same idiots will elect Hillary and then we will have eight more years of Clinton.
Worse, no one will attempt to impeach O for Benghazi because of the race card, our current stock of Republican leaders are spineless and no one on the planet wants Biden to be the Pres., hence O's selection of the mentally challenged clown.
Hey, Wall Street and unions, welcome to your new he!! With impending Ocare...thousands of businesses will close or move over seas.
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Reply 14 - Posted by:
reddfroge, 11/7/2012 10:34:49 PM (No. 8998426)
thanks Obama voters...America is finished.
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Reply 15 - Posted by:
Phil_hk, 11/8/2012 12:40:36 AM (No. 8998542)
#5 you should eat the cats
You could trade the cans of food for gasoline
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Reply 16 - Posted by:
steveW, 11/8/2012 1:15:34 AM (No. 8998564)
Soon to be trending: going Galt.
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Reply 17 - Posted by:
janylou, 11/8/2012 1:21:56 AM (No. 8998574)
The problem, #13, is they are pulling all of us down with them. So while I'd love to see them get their just desserts, I don't want to be sharing their misery.
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Reply 18 - Posted by:
Trigger2, 11/8/2012 4:14:10 AM (No. 8998637)
To #11: Those libtards in CA no longer care about CALPER investments in bonds or stocks because the over 50% of takers in CA voted to have the producer taxes increased so those 'bountiful' funds can be thrown into pension funds. The only problem is that 'bountiful' funds are never realized. I predict the deficit next year will be $20 billion and counting.
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Reply 19 - Posted by:
Phil_hk, 11/8/2012 4:28:20 AM (No. 8998643)
How long before the IRS confiscates IRA's and 401K's?
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Reply 20 - Posted by:
Really?, 11/8/2012 6:30:12 AM (No. 8998713)
Seriously.....has ANY "news" outlet mentioned that this MIGHT be due to the election ? I have yet to see one. They ALL are quick to claim that it's the new focus on the "fiscal cliff".
I feel like I am listening to Benghazi reports all over again.
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Below, you will find ...
Most Recent Articles posted by "JoniTx"
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Most Recent Articles posted by "JoniTx"
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Tea Party Protests Planned At
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U.S. News & World Report, by Elizabeth Flock
Original Article
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Posted By: JoniTx- 5/20/2013 10:43:31 PM
Post Reply
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A major tea party group is planning protests at Internal Revenue Services nationwide Tuesday following revelations earlier this month that the tax agency had flagged organizations with the words "tea party" or "patriot" for additional scrutiny.The protests were originally scheduled only for Cincinnati, where the IRS has said employees responsible for the targeting were based. But Tea Party Patriots head Jenny Beth Martin tells Whispers she received requests to protest across the country. A call to action on the group´s web site tells supporters that "the IRS is out of control" and so
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Washington Times [DC], by Dave Boyer
Original Article
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Posted By: JoniTx- 5/20/2013 10:29:50 PM
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President Obama will meet with Chinese President Xi Jinping in California on June 7-8, the White House announced Monday. It will be Mr. Obama’s first meeting with Mr. Xi since he became president of China in March. They previously met in Washington in 2011 when Mr. Xi was vice president. The talks come amid heightened U.S. tensions over cyberattacks reportedly originating in China. But the Obama administration said it has been pleased with Beijing’s cooperation in trying to persuade North Korea to reduce its belligerent military actions this spring.
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Indiana attorney general
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Fox News, by Staff
Original Article
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Posted By: JoniTx- 5/20/2013 10:12:22 PM
Post Reply
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The Indiana attorney general’s office confirmed Monday it is investigating a security breach in which Social Security numbers and other personal information were posted online for roughly 44,000 low-income Americans who applied for a federal program that provides discount Internet and phone service. The program was nicknamed the “Obamaphone” during the 2012 election, though it actually started long before President Obama took office. Indiana reportedly has the highest number of applicants, roughly 17,400, who were signed up by TerraCom Inc. and the affiliated YourTel America Inc. Applicants from at least 26 states were exposed to the security breach,
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Report: Apple avoided billions
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Los Angeles Times, by Jim Puzzanghera & Chris O´Brien
Original Article
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Posted By: JoniTx- 5/20/2013 10:06:55 PM
Post Reply
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WASHINGTON- Apple Inc. has used an elaborate web of offshore subsidiaries to avoid paying billions of dollars in U.S. taxes on $44 billion in foreign income over the past four years, a Senate investigation has found. Many of the tactics, such as cost-sharing arrangements, are common among large multinational corporations seeking to shift profits to countries with lower tax rates. The investigation did not find Apple violated any laws.But three of its subsidiaries in Ireland claim to have no responsibility to pay income taxes to any country, according to a 40-page, bipartisan report released Monday
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Breitbart Big Journalism, by John Nolte
Original Article
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Posted By: JoniTx- 5/20/2013 10:00:59 PM
Post Reply
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Monday afternoon, ABC News released a chilling report that details what journalists have faced while trying to get some answers from the Cincinnati IRS office, which is where a majority of the Tea Party targeting took place. According to ABC, an "armed uniform police officer with the Federal Protective Service" "escorted" reporters through the public building. ABC says if the intent wasn´t to "scare off" employees who might talk, "it was the effect." ABC News is also hearing conflicting reports from Cincinnati IRS employees and the IRS Headquarters in Washington.
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Inside the IRS office that
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CBS News, by Dean Reynolds
Original Article
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Posted By: JoniTx- 5/20/2013 9:55:36 PM
Post Reply
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CINCINNATI- Few workers know the IRS Cincinnati office better than Bonnie Esrig, who worked there for 24 years. She retired from her job as a senior manager in January. Esrig said she did not recall any discussion of politics in the office. "Politics and religion were things people generally didn´t talk about at work," she said. Esrig did not work on political cases and was not connected to the applications at the center of the controversy. But she worked in the same office where fewer than 200 people were dealing with 73,000 applications for exemptions last year.
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Fox’s Greta Van Susteren:
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Mediaite, by Andrew Kirell
Original Article
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Posted By: JoniTx- 5/20/2013 9:46:26 PM
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On her blog this afternoon, Fox News’ On the Record host Greta Van Susteren wrote that the Department of Justice should feel “lucky” they did not hack into her emails like they did with her colleague James Rosen several years ago. While that sounds like a veiled threat against the DOJ, Van Susteren was actually making a joke about how her personal email account mostly contains correspondence and information regarding her sick dog named Audrey: Had Justice hacked into my personal email account this weekend, they would have had to sort through all the emails from the vet
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Posted By: MissMolly- 5/19/2013 11:33:33 AM
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What did President Obama do on the evening of 9/11/12 when our men were under attack in Benghazi? The invaluable Andrew McCarthy reminds us that Obama and Secretary Clinton had a 10:00 p.m. phone call of which many (including, I think, Chris Wallace) have lost sight. This morning when Wallace asked Obama aide Dan Pfeiffer what Obama was up to that evening, Pfeiffer declared the line of inquiry “offensive.” Translation: Obama and his minions would prefer to “move on” and are warning the likes of FNC off:(Snip for video)The Weekly Standard’s Daniel Halper has posted the rush transcript
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Posted By: Desert Fox- 5/19/2013 6:55:47 PM
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PRESIDENT OBAMA: You are the mantle of Frederick Douglass and Booker T. Washington and Ralph Bunche and Langston Hughes and George Washington Carver and Ralph Abernathy and Thurgood Marshall and, yes, Dr. Martin Luther King Jr. These men were many things to many people and they knew full well the role that racism played in their life. But when it came to their own accomplishments and sense of purpose, they had no time for excuses. Every one of you has a grandma or an uncle or a parent whose told you at some point in life
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Original Article
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Posted By: FlyRight- 5/20/2013 4:15:03 PM
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WASHINGTON – The Internal Revenue Serviced scandal today spread further within the White House and closer to President Obama. White House spokesman Jay Carney today disclosed that Obama’s chief of staff, Dennis McDonough, and other top White House officials had advance warning that the IRS was targeting conservative groups. But he insisted McDonough and the other White House officials purposely kept Obama out of the loop.McDonough “rightly chose not to take action” to inform Obama, Carney told reporters at the daily White House briefing.
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Newsbusters, by Tim Graham
Original Article
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Posted By: drive- 5/20/2013 7:29:20 AM
Post Reply
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The Washington Post on Monday reported that Obama’s Department of Justice was investigating journalists before they started wiretapping the Associated Press – for one, Fox News correspondent James Rosen in 2010. Their headline wasn´t "Obama Team Also Spied on Fox News." Fox wasn´t in the headline, on A-1 or on A-12, where the story continued. Newly obtained court documents “reveal how deeply investigators explored the private communications of a working journalist — and raise the question of how often journalists have been investigated as closely as Rosen was in 2010.” Reporter Ann Marimow began:
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Posted By: JoniTx- 5/19/2013 3:54:02 PM
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"Can you see in your mind´s eye a way that this might not have been political, that this was a misguided stupid way to sort, but that they didn´t intend it to be some kind of political attempt to harass the Tea Party?" So actually asked CNN´s Candy Crowley of her guest Sen. Rand Paul (R-Ky.) concerning the Internal Revenue Service scandal Sunday (video follows with transcript and commentary):CANDY CROWLEY, HOST: Moving on to the IRS problem at this moment, which is really sort of in its infancy. There will be lots more hearings coming up this week
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Posted By: FlyRight- 5/20/2013 7:01:33 AM
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A senior adviser to President Obama mounted a combative defense of the administration on Sunday, saying the controversies enveloping the White House were the result of Republican lawmakers’ trying to “drag Washington into a swamp of partisan fishing expeditions, trumped-up hearings and false allegations.”The remarks came from Dan Pfeiffer, a member of the president’s inner circle, as he appeared on all five major Sunday morning talk shows in an effort to move the administration past what commentators have described as a “hell week” of controversy and missteps.
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Fox News, by Staff
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Posted By: Desert Fox- 5/19/2013 7:38:42 PM
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WASHINGTON – White House senior adviser Dan Pfeiffer said Sunday Republicans owe Susan Rice, the U.S. ambassador to the United Nations, an apology for alleging she played a part in formulating the White House’s response to the attacks in Benghazi, Libya, last year that killed four Americans. Pfeiffer said on ABC’s “This Week” that the release of more than 100 pages of Benghazi emails and notes show “beyond a shadow of the doubt” that accusations she tried to change the narrative of what happened in the attacks was false. "And, frankly, I think that many of the Republicans
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