Author Topic: Dow Skids 200 as 'Fiscal Cliff,' EU Fears Resurface  (Read 3111 times)

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Offline Linda

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Dow Skids 200 as 'Fiscal Cliff,' EU Fears Resurface
« on: November 07, 2012, 09:19:28 AM »
Dow Skids 200 as 'Fiscal Cliff,' EU Fears Resurface

http://www.cnbc.com/id/49725783

Quote
Stocks tumbled across the board Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe's economy reemerged.


All your money belongs to the government.....
A liberal who is mugged by reality becomes conservative.

Offline Kyle Ricky

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Dow is down 300 pts so far today..
« Reply #1 on: November 07, 2012, 09:53:59 AM »
The fiscal cliff is coming. Within 45 minutes of opening the Dow dropped 180 pts. It is now down 300 Pts (And under 13,000). Today is going to be interesting. There is a major sell of happening. Businesses who aren't in agreement with obama are losing.

Offline Dori

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Re: Dow is down 300 pts so far today..
« Reply #2 on: November 07, 2012, 10:01:57 AM »
This doesn't surprise me, I think it was expected.

We hit the fiscal cliff in December, this will be a bumpy ride.
“How fortunate for governments that the people     they administer don't think”  Adolph Hitler

Offline JohnnyReb

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Re: Dow Skids 200 as 'Fiscal Cliff,' EU Fears Resurface
« Reply #3 on: November 07, 2012, 10:09:29 AM »
Inflation....not just for tires anymore.
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

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Offline Chris_

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Re: Dow Skids 200 as 'Fiscal Cliff,' EU Fears Resurface
« Reply #4 on: November 07, 2012, 10:13:36 AM »
Inflation....not just for tires anymore.
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline Dori

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Re: Dow Skids 200 as 'Fiscal Cliff,' EU Fears Resurface
« Reply #5 on: November 07, 2012, 10:16:29 AM »
Inflation....not just for tires anymore.

QE to me is inflation.  I see it everytime I go to the market.

Some food items have doubled and tripled in the last three years, and I think it's only going to get worse.
“How fortunate for governments that the people     they administer don't think”  Adolph Hitler

Offline Carl

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Re: Dow Skids 200 as 'Fiscal Cliff,' EU Fears Resurface
« Reply #6 on: November 07, 2012, 10:25:41 AM »
Here are the ingredients

A trillion plus dollars of new debt per year
Monetary policy of printing billions per month
Energy policy that hopes the sun comes out,we may be wishing that gas was back down to 4.00 a gallon.
New taxes from Ocare,higher rates,exploding property taxes to fund bloated schools and local governments.
Domestic policy that favors union extortion at the expense of consumers/taxpayers.
Foreign policy that simply looks the other way at muzzie terror and extremism.
Likely an attempt to mint 20 million new members of the dependency plantation.
Rising health care costs and insurance premiums.

Throw all that in a pot,stir in a few more seasonings and what does anyone think our economy will be?

Offline NHSparky

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Re: Dow is down 300 pts so far today..
« Reply #7 on: November 07, 2012, 10:29:07 AM »
The fiscal cliff is coming. Within 45 minutes of opening the Dow dropped 180 pts. It is now down 300 Pts (And under 13,000). Today is going to be interesting. There is a major sell of happening. Businesses who aren't in agreement with obama are losing.

And the ones who are were already hedged by having significant portions of their business overseas (you hear me, GE?)
“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline Ptarmigan

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Re: Dow Skids 200 as 'Fiscal Cliff,' EU Fears Resurface
« Reply #8 on: November 07, 2012, 12:09:30 PM »
Never interrupt your enemy when he is making a mistake.
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Allow enemies their space to hate; they will destroy themselves in the process.
-Lisa Du

Offline Kyle Ricky

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Re: Dow is down 300 pts so far today..
« Reply #9 on: November 07, 2012, 01:11:53 PM »
And the ones who are were already hedged by having significant portions of their business overseas (you hear me, GE?)

Notice I said the ones who were not in agreement with obama. GE is one of the biggest obama donors, also one of the biggest outsourcers.

S&P 500 is experiencing their largest sell off since June. The dow is down 280 pts - Nasdaq is down 68 pts. This is not a good day.