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Post-Election Retreat: Dow
Plummets Below 13K for First
Time in 2 Months
Fox Business Network, by Adam Samson
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Original Article
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Posted By:KarenJ1, 11/7/2012 11:57:13 AM
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| Equities, commodities and other risky assets tumbled on Wednesday after U.S. elections left Washington, D.C. as sharply divided as before as the fiscal cliff looms large. Today's Markets As of 11:10 a.m. ET, the Dow Jones Industrial Average slumped 291 points, or 2.2%, to 12955, the S&P 500 slid 31.3 points, or 2.2%, to 1397 and the Nasdaq Composite fell 66.9 points, or 2.2%, to 2945. The Dow fell below the 13000 mark for the first time in intraday trading since early September. If the blue-chip average closes below that mark on the day, it will be the
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Comments:
I'm desperately looking for some good news this morning. I haven't found any yet.
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Reply 1 - Posted by:
michellewsc2, 11/7/2012 11:59:26 AM (No. 8996467)
...I'm afraid you'll be looking for a very long time
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Reply 2 - Posted by:
bassman, 11/7/2012 12:01:15 PM (No. 8996476)
The only good news is that Obama will be gone in 4 years.
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Reply 3 - Posted by:
steveracer, 11/7/2012 12:07:53 PM (No. 8996504)
I continue to be amazed at the size of the hole George Bush put us in. Truly amazed.
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Reply 4 - Posted by:
SouthSanAntonio, 11/7/2012 12:15:18 PM (No. 8996551)
To complete #2's post:
The good news is that NØbama will be gone in 4 years.
The bad news is that he will be followed by 8 years of PIAPS or Cuomo.
Let's face it, if the Republicans couldn't beat the worst president in the history of the USA last night, we aren't ever going to win another presidential election.
Yesterday, 50% of the population voted for more government control of our lives, and more cool ''free stuff''. Just wait for 4 more years of many more people getting used to that setup, and the future of this once-great republic looks like the once great republics of France and Greece.
Maybe NØbamacare will at least give those of us that still work some Vaseline for the reaming that we are about to take!!!
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Reply 5 - Posted by:
charliecoconut, 11/7/2012 12:15:35 PM (No. 8996553)
You ain't seen nothing yet, wait till you see the small businesses closing and the capital sucked out of the system. Your taxes will necessarily skyrocket.
Your bills will skyrocket, your insurance will skyrocket, and there are lots of other skyrockets coming...
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Reply 6 - Posted by:
michellewsc2, 11/7/2012 12:16:00 PM (No. 8996554)
I'm sure it'll go back up by closing.
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Reply 7 - Posted by:
secondtimelucky, 11/7/2012 12:16:33 PM (No. 8996556)
the Dow level is totally understandable and right on schedule...
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Reply 8 - Posted by:
Norwegian Goddess, 11/7/2012 12:17:34 PM (No. 8996562)
Soros better spend a bunch of money on stocks today so his boy will look good.
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Reply 9 - Posted by:
gesundheit, 11/7/2012 12:25:11 PM (No. 8996589)
To put today's post-Obama-victory market collapse in perspective:
The annual interest on 10-year U.S. Treasury bills is currently 1.63%. And the DOW has fallen 2.37% so far in a SINGLE DAY.
The only investors who are getting rich are those who have sold American stocks short. And what can our newly re-elected president do to prevent further short-selling and a further market collapse? Nothing. He can't even resign, since Joe Biden would be even worse than he is.
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Reply 10 - Posted by:
cinwasp, 11/7/2012 12:34:25 PM (No. 8996631)
thank you #2
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Reply 11 - Posted by:
LadyHen, 11/7/2012 12:36:05 PM (No. 8996639)
Yep #4... just what we see too.
American exceptionalism and it's hard work ethic has finally been beaten and smashed by the takers and entitlement class. The minorities, the unions, the young, and the single women want what they want and don't care what it does to this once great nation to get it.
All that is left is for the corrupt politicians in both parties to fight over who can cut up the Old Gal and hand her out to selfish horde fastest.
The golden goose has been plucked and cooked folks... and now the slathering horde will eat her up, even the bones.
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Reply 12 - Posted by:
country boy, 11/7/2012 12:41:34 PM (No. 8996663)
#2 & #10, you're dreaming.
Look, the constitution is flawed. obama has told us so. Unless the Joint Chiefs takes him out in shackles, he'll be with us for the duration.`
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Reply 13 - Posted by:
get er done, 11/7/2012 12:47:52 PM (No. 8996700)
The financial markets would have reacted in the opposite manner if Romney had won the election. Barack can man up and take responsibility for the mess. There is no blaming Bush for the markets tumbling upon news of Obama's reelection.
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Reply 14 - Posted by:
mackrand, 11/7/2012 12:50:46 PM (No. 8996712)
I sure hope Obama is fully invested.
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Reply 15 - Posted by:
Mr. Know-It-All, 11/7/2012 1:08:11 PM (No. 8996793)
Where can I find this John Galt fellow?
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Reply 16 - Posted by:
donttreadonme, 11/7/2012 2:16:13 PM (No. 8997054)
Not suprised at all. Who would be interested in running a business now?
About 2 months ago, I ran into a high school friend who is a branch manager of a bank. He told me he his branch alone has up to 60 million dollars to loan to businesses. However no businesses were wanting loans.
I'm sure nothing has changed.
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Reply 17 - Posted by:
Mushroom, 11/7/2012 2:28:48 PM (No. 8997083)
Stack Market falls , locally gas is up 12% overnight when the analysts are saying it should be falling...I wonder what the common denominator is?
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Below, you will find ...
Most Recent Articles posted by "KarenJ1"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "KarenJ1"
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NRA chief: Obama ´bit off
more than he could chew´
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Washington Examiner, by Paul Bedard
Original Article
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Posted By: KarenJ1- 4/18/2013 10:09:06 PM
Post Reply
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The head of the National Rifle Association mocked President Obama´s Rose Garden "tantrum" after losing the gun control fight in the Senate, charging Thursday that Obama suffered the worst defeat of his presidency because "he bit off more than he could chew." David Keene told Secrets that the president and his team misplayed their hand because they don´t have a sense of the public´s attitude toward gun control. "They just can´t gauge the public reaction to what they do because they don´t have any sense that the public has feelings different than they do," said Keene.
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Holder feels ´frustration and
anger´ over gun bill defeat
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The Hill [Washington, DC], by Jordy Yager
Original Article
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Posted By: KarenJ1- 4/18/2013 10:04:40 PM
Post Reply
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Attorney General Eric Holder expressed frustration and anger Thursday over the Senate´s defeat of gun control legislation this week, but vowed he will continue to fight for measures to prevent gun violence. “Despite my disappointment and, quite frankly, my frustration and anger at the filibuster in the Senate yesterday that led to the failure to adopt some of those changes, despite the fact that a majority voted for them, I and my colleagues throughout the administration remain committed to standing with the families of Newtown,” said Holder in testimony before the House Appropriations Committee on Thursday.
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Geraldo Rivera: I Helped Win the
Cold War. And You’re Welcome,
By the Way.
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PJ Media, by Bryan Preston
Original Article
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Posted By: KarenJ1- 4/18/2013 9:44:32 PM
Post Reply
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If you look up the word “humble” in the dictionary, you will not, under any circumstances, see a picture of Geraldo Rivera there. Ever. This is from Gerry’s radio show, April 12, 2013. RIVERA: I am firmly convinced, I mentioned this to you earlier this morning, that when my talk show went on the air in 1988 in the Soviet Union, before the fall of the Wall, that helped accelerate the process, it was first my talk show and then Joan Rivers joined me on the air in the Soviet Union. Can you imagine …
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Reuters Prematurely Publishes Obituary
For Liberal Billionaire George Soros
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Mediaite, by Josh Feldman
Original Article
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Posted By: KarenJ1- 4/18/2013 9:34:03 PM
Post Reply
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(UPDATE BELOW) Reuters accidentally published an obituary today for billionaire liberal activist George Soros. News organizations generally have obituaries planned well in advance for public figures like Soros, and so the obit currently notes that Soros “dies at XX” and he “died XXX at age XXX.” Soros’ long career in philanthropy and politics is deftly summed up by the obituary, though the fact that Soros isn’t dead yet puts a damper on the whole thing just a bit. The timestamp reads that the post was accidentally uploaded
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Dr. Ben Carson: ‘We’re Being
Crucified by Political Correctness’
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Cybercast News Service, by Michael W. Chapman
Original Article
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Posted By: KarenJ1- 4/18/2013 9:17:20 PM
Post Reply
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Presidential Medal of Freedom winner Dr. Ben Carson, a neurosurgeon and best-selling author, spoke about how even regular reading by young people can improve their lives and society, but he stressed that a social hurdle is that “we’re being crucified by political correctness,” an unwillingness to tell the truth because it might offend someone or be deemed judgmental. In an interview with black conservative activist Star Parker, founder of the Center for Urban Renewal and Education, she asked Dr. Carson, “Now, this is where you seem to put a lot of emphasis with your life’s work, is that
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Cantor: GOP Should Pass Bill
That Transfers Obamacare Funds
to Fund High-Risk Pools
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National Review Online, by Katrina Trinko
Original Article
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Posted By: KarenJ1- 4/18/2013 9:12:38 PM
Post Reply
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House majority leader Eric Cantor is promoting legislation that would transfer $4 billion from an Obamacare slush fund to fund a federal program that provides insurance for those with pre-existing conditions. “It takes money away from Obamacare and makes it more difficult for the administration to implement Obamacare, and at the same time helps sick patients,” Cantor says about the Helping Sick Americans Now Act in an interview with National Review Online. According to Cantor’s office, it is expected that $3 billion will go to fund the federal government’s Pre-Existing Condition Insurance Plan (PCIP),
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America’s Just Not That into Obama
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Tribune Media Services, Inc., by Jonah Goldberg
Original Article
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Posted By: KarenJ1- 4/18/2013 9:00:13 PM
Post Reply
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‘You know, I actually believe my own bull****.” That’s what President Obama once told a reporter. If the man ever uttered a statement that spoke more to his approach to politics, I haven’t heard it. Whether it stems from a grandiose overconfidence in his own powers of persuasion, or the lessons he took from his years as a community organizer, or his own messianic conviction that he is on the right side of everything, including history itself, the president has always operated under the theory that he can move the American people to his causes. And he can’t.
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Pictured: The emotional moment Obama
visits best friend of tragic Boston
Marathon bombing victim
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Daily Mail [UK], by Staff
Original Article
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Posted By: KarenJ1- 4/18/2013 5:57:05 PM
Post Reply
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President Obama has visited the bedside of dozens of Boston Marathon bombing victims, including Karen Rand - who lost her best friend in the horrific blasts. After attending the interfaith service in Boston on Thursday morning, he visited with hospitalized victims still recovering from the devastating twin blasts. Miss Rand was one of them. She was waiting near the finish line with her best friend Krystle Campbell to cheer on Karen´s boyfriend when the first explosion hit. Krystle was killed in the blast. Karen will survive.
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Obama: ´He Started Calling
Me Reverend Obama´
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Weekly Standard, by Daniel Halper
Original Article
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Posted By: KarenJ1- 4/18/2013 3:42:28 PM
Post Reply
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President Obama thanked Boston marathon volunteers earlier today: "Now, I’m not going to speak long," Obama told the assembled crowd. "I’m just -- he started calling me Reverend Obama, so I know -- (laughter) -- I know I was -- I don´t want to go on any longer than I need to. The main message, in addition to just giving -- having a chance to shake some hands and give some hugs, is just to say how proud the whole country is of you -- (applause) -- how grateful we are -- how grateful we are that
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Biden: ´The President Is Already
Lining Up Some Additional Executive
Actions´ for Guns
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Weekly Standard, by Daniel Halper
Original Article
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Posted By: KarenJ1- 4/18/2013 3:24:20 PM
Post Reply
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Joe Biden says the president of the United States is preparing to take "executive actions" to deal with guns. BuzzFeed reports: Vice President Biden told White House allies in the gun control fight Thursday that President Obama will be announcing new executive actions on gun violence in the days after the Senate voted down a gun violence bill. On a conference call with "stakeholders," Biden told gun control advocates that the fight is not over and that eventual action on gun control will come. Press were not invited to the conference call; a participant provided BuzzFeed with access.
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House Dems rip ´shameful´ Senate
GOP for blocking gun bill
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The Hill [Washington, DC], by Pete Kasperowicz
Original Article
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Posted By: KarenJ1- 4/18/2013 3:06:42 PM
Post Reply
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House Democrats on Thursday morning blasted Senate Republicans for blocking progress on gun control legislation Wednesday. "Yesterday was a shameful day," said Rep. Elizabeth Esty, who represents Newtown, Conn. "I´m outraged that 46 senators prevented a compromise to reduce gun violence, which 92 percent of the American people support." Esty was referring to the 54-46 vote on a bipartisan proposal to expand background checks on gun purchases. While a majority supported that language, 60 votes were needed to attach it to the gun control bill. "Forty-six senators ignored the voices of the courageous Newtown families, who have paid
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EIB Interview: Why, Senator Rubio?
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RushLimbaugh.com, by Rush Limbaugh
Original Article
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Posted By: KarenJ1- 4/18/2013 2:57:44 PM
Post Reply
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RUSH: We welcome back to the program Senator Marco Rubio of Florida. I think he just hustled to our microphones here from a Senate vote, correct? RUBIO: Yeah, we did. Still votin´ on the gun legislation. RUSH: Gun legislation. Senator, I know your time is limited here. I know you´ve got a very busy day. Let´s get started. I must tell you: I just don´t understand this, Senator. I don´t understand why we´re doing something that the Democrats are salivating over. I´ve never agreed with Senator Schumer about anything and I´m being
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Most Active Articles (last 48 hours)
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Barack Obama can´t pass gun control
despite 90 per cent support. Truly,
he is a lame-duck president
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Telegraph [UK], by Tim Stanley
Original Article
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Posted By: Attercliffe- 4/18/2013 6:42:40 AM
Post Reply
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Yesterday, the most modest of gun control proposals died in the Senate. It would have expanded background checks to people purchasing weapons at gun shows and online sales, enjoyed 90 per cent support among the public and came on the back of the tragedy at Newtown. Yet, despite all that it had going for it, the Toomey-Manchin bill raised just 54 votes--six short of the number necessary for passage. “This is a pretty shameful day for Washington,” said Obama afterwards. It wasn’t exactly a red letter day for him, either. Why did the no-brainer bill fail? Four reasons:
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Obama angrily denounces
gun-rights groups as willful liars
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Washington Times, by Dave Boyer
Original Article
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Posted By: Desert Fox- 4/17/2013 6:37:42 PM
Post Reply
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President Obama angrily blamed the defeat Wednesday of his centerpiece gun-control proposal on lies spread by the National Rifle Association, calling it “a pretty shameful day for Washington.” “The gun lobby and its allies willfully lied about the bill,” Mr. Obama said in the White House rose garden about 90 minutes after the vote. “It came down to politics.” As he spoke, Mr. Obama was surrounded by family members of victims of the Newtown, Conn., school shooting. Also with him was former Rep. Gabby Giffords of Arizona, wounded in an assassination attempt.
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Senate rejects background checks
on gun purchases in 54-46 vote
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Hill [Washington,DC], by Alexander Bolton
Original Article
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Posted By: BuckeyeRon- 4/17/2013 4:41:19 PM
Post Reply
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The Senate delivered a devastating blow to President Obama’s agenda to regulate guns Wednesday by defeating a bipartisan proposal to expand background checks. It failed by a vote of 54 to 46, with 5 Democrats voting against it. Only 4 Republicans supported it. Democratic Sens. Mark Pryor (Ark.), Max Baucus (Mont.), Heidi Heitkamp (N.D.), Mark Begich (Alaska) and Senate Majority Leader Harry Reid (Nev.) voted against it. Reid supported the measure but voted against it to preserve his ability to bring the measure up again. GOP Sens. John McCain (Ariz.), Susan Collins (Maine), Pat Toomey (Pa.) and Mark Kirk
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A growing sense that we´re not
getting the truth about Boston bombing
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American Thinker, by Thomas Lifson
Original Article
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Posted By: Scottyboy- 4/18/2013 10:48:34 AM
Post Reply
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While the media are bearing the brunt of public skepticism over the handling of the Boston bombing, the behavior of government is also eroding public trust. Yesterday´s promised but cancelled news briefing is just one symptom. Andrew McCarthy of PJM notes that "Misinformation rather than enlightenment has been the order of the day in the investigation of Monday´s terrorist bombing of the Boston Marathon," and that part of it is the natural outgrowth of the desire of investigators to keep the details of their investigations secret, so as not to alert suspects.
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Mark Kelly says senators voted
down gun legislation ‘out of fear’
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Washington Post, by Philip Rucker
Original Article
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Posted By: toledo- 4/18/2013 11:50:49 AM
Post Reply
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Mark Kelly, the astronaut husband of former congresswoman Gabrielle Giffords, on Thursday upbraided senators who voted against gun legislation by saying they voted “out of fear.” ”If that vote had been a secret ballot, I bet you it would have passed with 80 votes,” Kelly told reporters. He was referencing the compromise authored by Sens. Joe Manchin (D-W.Va.) and Pat Toomey (R-Pa.) to expand background checks for gun buyers. It failed to advance in the Senate, with a vote Wednesday afternoon of 54 to 46.
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A Stirring Send-Off For
the Iron Lady – And No
One Missed the Obamas
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PJ Media, by Mike McNally
Original Article
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Posted By: Dreadnought- 4/17/2013 11:39:38 PM
Post Reply
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After all the controversy – it was too much, and too expensive; it would be marred by protests – this morning’s funeral for Lady Thatcher in London was a splendid and memorable affair, which did her memory, and her country, proud. It was a moving, dignified and pitch-perfect occasion: unmistakably British, and a fitting send-off for the country’s greatest post-war prime minister. Big Ben fell silent – for the first time since the funeral of wartime leader Winston Churchill – and tens of thousands of admirers lined the streets to applaud Lady Thatcher’s coffin
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CNN: Pressure Cooker Bomb
´Right Wing´ Signature
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Breitbart´s Big Journalism, by Lee Stranahan
Original Article
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Posted By: Fiesta del sol- 4/17/2013 8:56:39 AM
Post Reply
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An article published on CNN´s website makes an unproven claim that pressure cooker bombs like the ones used at the Boston Marathon terror attack are a ´signature´ of ´right-wing extremists.´ The article was co-written by Jennifer Roland and Peter Bergen. Bergen is the CNN ananlyst made the claim that right-wing extremists could be behind the bombing less than two hours after it took place. The article says (emphasis added) :A senior U.S. counterterrorism investigator told CNN that pressure cooker bombs have also been a signature of extreme right-wing individuals in the
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Let’s hope the Boston Marathon
bomber is a white American
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SALON, by David Sirota
Original Article
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Posted By: STLstudent- 4/17/2013 7:38:32 AM
Post Reply
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As we now move into the official Political Aftermath period of the Boston bombing — the period that will determine the long-term legislative fallout of the atrocity — the dynamics of privilege will undoubtedly influence the nation’s collective reaction to the attacks. That’s because privilege tends to determine: 1) which groups are — and are not — collectively denigrated or targeted for the unlawful actions of individuals; and 2) how big and politically game-changing the overall reaction ends up being.
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Obama: Gun lobby ´lied´ about
background check bill
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Associated Press, by Staff
Original Article
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Posted By: BuckeyeRon- 4/17/2013 6:09:57 PM
Post Reply
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Washington — President Barack Obama says the Senate’s opposition to a bill that would have expanded background checks for gun buyers marks a “shameful day” in Washington. He says a minority of senators decided “it wasn’t worth it” to protect the nation’s children. Obama spoke in the Rose Garden shortly after the Senate vote rejecting a bipartisan effort to expand federal background checks to more firearms buyers. (Snip) The president pinned the blame for the measures failure, though five Democrats also opposed the plan. He also said the gun lobby and its allies “willfully lied” about background check bill.
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Misinformation and Anxiety in
Boston Terrorism Investigation
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PJ Media, by Andrew C. McCarthy
Original Article
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Posted By: Dreadnought- 4/17/2013 10:38:32 PM
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Misinformation rather than enlightenment has been the order of the day in the investigation of Monday’s terrorist bombing of the Boston Marathon. The anxiety stemming from the attack and the stream of inaccurate news about it is further freighted, moreover, by the FBI’s confirmation that two letters addressed to top political officials — President Obama and Senator Richard Wicker (R., MS) — tested positive for ricin, a deadly poison. As noted below, a man identified as Kenneth Curtis of Tupelo, Mississippi, has reportedly been arrested in connection with the mailings. Early this afternoon, massive confusion
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Top Dem sees ´train wreck´
for Obama health law
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Associated Press, by Ricardo Alonso-Zaldivar
Original Article
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Posted By: NorthernDog- 4/17/2013 4:11:03 PM
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WASHINGTON -- A senior Democratic senator who helped write President Barack Obama´s health care law stunned administration officials Wednesday, saying openly he thinks it´s headed for a "train wreck" because of bumbling implementation. "I just see a huge train wreck coming down," Senate Finance Committee Chairman Max Baucus, D-Mont., told Obama´s health care chief during a routine budget hearing that suddenly turned tense. Baucus is the first top Democrat to publicly voice fears about the rollout of the new health care law, designed to bring coverage to some 30 million uninsured Americans through a mix
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