USA Stock Market Crashes 391 Points On September 22, 2011 -- Report
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I see the "Ramen Recovery" as I call it continues unabated. But Obama and Co. will take NO responsibility no matter what. It's always somebody or something else's fault, always.
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This is scary as heck. I mean the economy is already bad enough as it is.
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@88888FORCE Let's hope it doesn't become a 3-day sell-off
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US Stocks Slump,
DJIA Posts Worst Two Days Since Nov. '08
Sept-22-2011--NEW YORK (Dow Jones)--Investors staged a global flight from risk Thursday that sent the Dow Jones Industrial Average to its worst two-day point drop since November 2008, after a gloomy outlook by the Federal Reserve renewed fears of an economic slowdown.
The Dow Jones Industrial Average fell 391.01 points, or 3.51%, to 10733.83, for a two-day loss of 5.92%. Investors barrelled out of stocks and into "safe" assets
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The Obama Depression will result from a continued sell off. Huge debt, & massive spending on both sides of the Atlantic, coupled with trillions in unregulated derivatives are all contributing to this bearish selling in both commodities and stocks.
Geostrategic1 5 months ago
@Geostrategic1 It's definitely getting scary at this point.
ConservativeNewMedia 5 months ago
@ConservativeNewMedia Being that Italy's bond rating has just been downgraded, France could be next, then the E.U. debt dilemma will devolve to meltdown level, immediately whacking Wall Street & world markets. Nigel was so correct in his repeated economic & currency prognostications for the near future, coupled with non-stop warnings concerning the inevitable deleterious effects of continued uncontrolled debt, wild spending, sovereignty threats, and over taxation by the E.U.'s leftist tyrants.
Geostrategic1 5 months ago
@Geostrategic1 It certainly does not look good, my friend. At least in the short term. The debt is completely out of control in so many nations. A very serious re-ordering is in order, and it won't be easy while it's done.
ConservativeNewMedia 5 months ago
Stimulus can only stimulate the economy. It will never fix the economy. I have been saying since April that the market will crash after QE 2 expires.I said it would definitely crash before Christmas and probably in the fall. This is a debt crisis and the solution is not to create more debt and devalue the worlds currencies. The only thing that will stop the markets bloodbath is QE 3. I fear that's what they will do. Like QE 2, QE 3 will make the situation worse.
MrGearySr 5 months ago
@MrGearySr Excellent post, thanks!
ConservativeNewMedia 5 months ago