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Stocks Tumble as Fiscal,
Geopolitical Worries Mount

Fox Business, by Adam Samson

Original Article

Posted By:JoniTx, 11/14/2012 4:20:54 PM

Capitalism Lives Here -The markets skidded deep into negative territory Wednesday amid worries about the fiscal cliff and rising tensions in the Middle East. The Nasdaq ended the day in correction territory, while the Dow closed at the lowest level since June. Today´s Markets -According to preliminary calculations, the Dow Jones Industrial Average fell 185 points, or 1.5%, to 12571, the S&P 500 dropped 19 points, or 1.4%, to 1356 and the Nasdaq Composite slumped 37.1 points, or 1.3%, to 2847.

      


Post Reply  

Reply 1 - Posted by: unagator, 11/14/2012 4:21:40 PM     (No. 9014540)

DOWNWARD!

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Reply 2 - Posted by: Spidey, 11/14/2012 4:38:18 PM     (No. 9014583)

I heard on the radio today that company bosses are holding off on hiring until they get some clarity from DC. Good luck with that.

Obama will do anything to get his tax increases.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: horacer, 11/14/2012 4:38:37 PM     (No. 9014585)

Down 700 points in one week. It´s starting to look eerily similar to a slow motion train wreck. The market´s overpriced and the profit outlook is grim.

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Reply 4 - Posted by: nimby, 11/14/2012 4:38:44 PM     (No. 9014587)

Watch them slide further.

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Reply 5 - Posted by: Topic Thunder, 11/14/2012 4:48:59 PM     (No. 9014605)

When there´s "blood in the streets", I mean literally blood in the streets, than that will be a good time to buy!

Unless, of course, it´s YOUR blood in the streets.

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Reply 6 - Posted by: TexasAllTheWay, 11/14/2012 4:51:00 PM     (No. 9014608)

We ain´t seen nothing yet!!


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Reply 7 - Posted by: KTWO, 11/14/2012 4:59:13 PM     (No. 9014629)

In a year or so we will learn that members of Congress made an average of 35% on their investments in 2012.

Another miracle. Like the previous miracles.

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Reply 8 - Posted by: daphne, 11/14/2012 5:04:33 PM     (No. 9014640)

It´s interesting in a grim way to watch the stock market tank as O speaks.

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Reply 9 - Posted by: voxpopuli, 11/14/2012 5:19:27 PM     (No. 9014668)

wait a minute..
wasn´t it the AP that said, yesterday, it was because of the "greek debt"??

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Reply 10 - Posted by: wepeople, 11/14/2012 5:21:59 PM     (No. 9014676)

It tanks because there is a dog t%rd running the country.

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Reply 11 - Posted by: Axeman, 11/14/2012 5:26:40 PM     (No. 9014687)

Greek debt! Look everyone, Greek debt! Don´t forget Greek debt!
Or was that just yesterday´s story.

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Reply 12 - Posted by: judy, 11/14/2012 5:27:49 PM     (No. 9014690)

Before the election the feds pumped up the market...now what???????

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Reply 13 - Posted by: Italiano, 11/14/2012 5:36:10 PM     (No. 9014705)

And awaaaay we go!

Think 2008 was bad?



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Reply 14 - Posted by: Cleanhousein2012, 11/14/2012 5:39:33 PM     (No. 9014714)

They´ve been artificially high to ensure zippy´s reelection. Wait till January/february when the new taxes hit and government spending races higher.

At least we have mcConnel, Boehner and McCain to help protect us.

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Reply 15 - Posted by: charliecoconut, 11/14/2012 5:59:18 PM     (No. 9014745)

Mean while; Metals stay steady and rise. Glad I sold out of the market and bought some.

If you read the news, once again it´s all about the Europe and Greece crisis, ain´t that a hoot.



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Reply 16 - Posted by: oh-heck, 11/14/2012 6:25:31 PM     (No. 9014777)

I´m hoping the Banksters hadn´t yet placed their bets that the economy would tank. It would appear the world has zero confidence in Obama and this Congress.

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Reply 17 - Posted by: Teleologicus, 11/14/2012 6:30:44 PM     (No. 9014785)

This was predictable. The second Obama administration will be bad, very bad for business. No one will put money at risk unless they have insider information. Big business likes big government because of lobbying, cronyism, bribery, regulatory capture and all of the other advantages accruing from a mammoth bureaucracy that is fundamentally dim-witted(otherwise they would be lobbyists or working in private business) and -shall we say- easily influenced in various ways. Not so big business suffers and in some cases goes out of business, which is not bad for really big business. The bigger the business and the banks, the better they get along with -collude and conspire also work here- with big government.

It is all based upon an erroneous understanding of the way things work, so the happy days cannot last for long. But by far the biggest challenge facing Obama in his second term will be the war(s) his naive foreign policy has made inevitable. Like grandiose Democrat social reformers before him, he will soon have his hands full with international problems, including a serious escalation of violence and quite possibly a full scale war. He has given green light after green light to aggressors, who now believe they have nothing to fear and nothing to lose by ramping up their attacks. This, of course, is a mistake. But it is going to cost a lot of lives before it is done.

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R_DBL_B
  


 
Reply 18 - Posted by: gesundheit, 11/14/2012 6:35:30 PM     (No. 9014794)

The huge post-election stock market drop is particularly worrisome since it´s been occurring despite the fact that 26 of the 30 Dow stocks pay a higher dividend than the 1.58% return on 10-year U.S. Treasury bonds.

In fact, fourteen of the Dow stocks pay at least DOUBLE the rate of U.S. Treasuries. Even AT&T´s stock, paying a 5.33% dividend, is being dumped as if it´s become radioactive. And AT&T and the other falling Dow components did not just elect socialist CEOs and are not getting ready to go over cliffs. Something is seriously wrong.

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Reply 19 - Posted by: alltheway, 11/14/2012 6:38:19 PM     (No. 9014804)

We need to demand a recount and sieze all Vote countings machines as they were rigged.
If we let this stand we won´t have a Country in four years Look how he is threating Mc cain and other Senators as they announce that they intend to block Susan Rice´s appointment.


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Reply 20 - Posted by: antiquegolf, 11/14/2012 7:45:44 PM     (No. 9014900)

Must be concerns about Greek debt again that drove the market down. Has to be. Can´t be the crushing American debt. Nor worries about obamacare or projected increase in capital gains and other taxes. Ya, Greek debt sounds like a good narrative for zippy. Let´s go with that.

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Reply 21 - Posted by: reddfroge, 11/14/2012 9:01:26 PM     (No. 9015033)

Just wait for the DOW drop to be blamed on Bush...just wait.

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Reply 22 - Posted by: djcdjc, 11/14/2012 9:04:50 PM     (No. 9015035)

It´s Greek to me.

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