 |
 |
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
|
|||
 |
|||
|
|||
 |
|||
|
Fourth-worst drop ever for Dow
- Text size
Sara Lepro and Tim Paradis
Associated Press
December 1, 2008
The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession.
- A d v e r t i s e m e n t
Not only did stocks end their five-day winning streak, they erased more than half the gains. The Standard & Poor’s 500 stock index, one of the broadest market gauges, lost nearly 9 percent.
Erasing any lingering doubts, there was also finally an officially declared recession — in progress in the United States since December 2007, according to the National Bureau of Economic Research, the nonprofit group of economists that classifies business cycles.
“This is just another episode in a long story and the story is all about recession and the question is how long and how deep,” said Chuck Widger, chief executive and chairman of investment management firm Brinker Capital. “We’re going to have continuing volatility until investors have better visibility.”
“All the data is being filtered to answer the two questions of how deep and how long the recession will be,” he added.
The selling was broad and deep. All 30 of the stocks in the Dow Jones industrial average finished lower. On the New York Stock Exchange, more than 7 stocks fell for every one that rose.
-
- Social bookmarks
- Email this article
-
- Print this page
- Share on Twitter
December 1st, 2008 at 6:46 pm
The current crisis is like a tsunami wave. The worst is yet to come.
December 1st, 2008 at 6:59 pm
Scratches head…..”I wonder how long and deep this recession will be”?
December 1st, 2008 at 7:09 pm
Money Changers drop off and pull in their “money”/”cash”/”piece of paper backed by nothing but a promise” and report it to us as news. So the worried get even more worried, scared even more scared.
Smoke and Mirrors.
Lies. Deception.
Wake up everyone, our time grows thin. Our light can penetrate the darkness. We can once again see above their curtains of lies. You just have to recognize the symbols as such.
December 1st, 2008 at 8:00 pm
But don’t forget to max out those credit cards the Chrismas. It’s your duty as a citizen of the Checkbook Republic…
December 1st, 2008 at 8:03 pm
I wish I was more adept in stocks I would be short selling all day long and making fortunes. oh well gold is the easy way up now anyway.
down with the NNWO!
December 1st, 2008 at 8:27 pm
We are in a depression and the next thing to fail big time will be our health care system.
December 1st, 2008 at 8:41 pm
#6-ditto Why the EMP pulse now? I can see it happening but how can we predict the timing of such a thing, what makes you sure it will be anytime soon?
December 1st, 2008 at 8:47 pm
Since 1933, everything has been promissory notes, that is why you do not have TITLE to anything. Every ‘thing’ in the USA is collateral on the debt and titled to the Federal Reserve Bank.
Even the clay your body is made of, or so you agree to by quasi-contracts or assumption of the Government, why do you think they can put you in jail for not paying income tax? Because they claim everthing as collateral.
While you are in jail, they sell your ‘bonds’ on the open market. Dont believe me? Ask an investment advisor if you can invest in criminal bonds. They are publically traded, just like any other bond.
December 1st, 2008 at 9:09 pm
i said on friday when stocks were up 5 days running that the bankers will steal more money before it colapses. they steal money with these ups and downs. go read my post. i said stocks would go down. it will happen again
im fighting a lossing battle here lol
December 1st, 2008 at 9:13 pm
To hell with health care. Eat well and exercise. Stay away from control freaks.
December 1st, 2008 at 9:24 pm
I do not like the things the head honchos are saying about the economy. Global government is going to be here soon.
December 1st, 2008 at 9:51 pm
Why are people yearning for freedom from GVt yet need the sucurity of GVT health/Denatl care?
The health care system worked fine before the GVT/Insurance companies/HMOs got involved. The last three mentioned is what drove prices of health care up. You have a bureaucracy such as a HMO involved who is not concerned with health care as much as making a $$$$$$.
A Doctor should run his practice like a business and his reputation should be his advertising.
December 1st, 2008 at 9:57 pm
YOUR NOT YOUR FUCKING KHAKIS!
December 1st, 2008 at 10:06 pm
Wall street runs at the first sign of danger. The “official” report says we have been in a recession for a year and they act suprised and sell sell sell! Obama appoints an insider and its gain gain!
Do we have to wait for the official report before we determine for ourselves its a recession? No but they do. If they say its no recession just a glitch, then its a recession. If they say its a recession then what is it then, a depression? Check out the real unemployment figures if you dare.
The inmates are running the asylum, head for the hills!
December 1st, 2008 at 10:12 pm
This is their preparations for the BIG 3 meeting tomorrow.
We all know they will get the money.
But last time they met. The plunger group in my opinion dragged the stocks below 8,000.
Second time around, the stocks amazingly drop down to near 8,000 again.
All the biggest losers, are groups close to Paulson and oil which OPEC controls.
I can see them controlling the markets to get more money. Then they give it back to the companies helping them cook the FED books.
Just like Enron. the FED is cooking the books.
I agree with Naomi Klein about if they want to nationalize, let’s nationalize Exxon and not just failing companies.
December 1st, 2008 at 10:28 pm
Poor left wing yuppies. Poor right wing yuppies. I’m in the fight for freedom but at the same time I also enjoy and take pleasure in watching the dumb trash public get robbed. They do deserve it for being such dumb trash. Even now as they watch their retirement being stolen they still don’t get it and won’t listen. They still won’t listen to the truth and prepare. They are stupid on purpose, they really are trash.
December 1st, 2008 at 10:50 pm
Just goes to show that the markets (Dow Average) can be easily mannipulated. The Dow Industrials average is made up of only 30 companies, and due to weighting, you only have to make a couple rise or fall to swing the average. People aren’t spending, so what better way to make them feel good about blowing their cash on black Friday than to manipulate the market and stage a stock rally. The dumb masses see the Dow surge upward, conveniently timed with the treasury secretary announcement, and they go whew….it’s all going to be alright. As soon as the manipulation ends and the money pumped into stocks by the PPT, NWO goons, whomever is removed then voila….instant market crash as the fundamentals take over once again.
And the sad part is that people in this country are two damn stupid to figure it out. probably only 1 out of 10 understand basic economic theory. I guess you could say that we as a country are getting what we royally deserve.
Prepare, keep extra food, ammunition, spare parts for essential items on hand. Times are going to get hard soon.
December 1st, 2008 at 11:21 pm
Yep, this was all pretty much bound to happen. Where is the world war to pull us out of this tailspin?
We’ve got our new FDR. In just a couple of years he’ll be high on ire and disrespect every senator that disagrees with him.
People will see him as a savior, a man to trust and listen to until…
he doesn’t deliver. And, he won’t. He can’t. We can only fix this by going back to gold.
The same things that make us broke now, are the same things that have been making Africa broke for over a century: http://mediacondom.com/?p=163
December 1st, 2008 at 11:25 pm
Americans were told today that we’re “officially” in a recession so the market tanks 680 points. Where the hell have you all been for the last year or so? This is a classic example of how the media controls how people think and react. It’s the old saying………….. if I want your opinion, I’ll give it to you. Doesn’t anyone think for themselves anymore or is most America a sheeple country?
December 2nd, 2008 at 12:31 am
If it hasn’t convinced those asleep on their keyboards addicted to E-Trade and those cute little drooling kid commercials, then I don’t know what will. When has the Stock Market ever had such wild ups and downs? Where are all the people wearing their rose colored glasses saying Peter Schiff is an idiot? I am seriously thinking about taking out the little I have in savings, since soon I may not be able to get anything out due to a “bank holiday”.
December 2nd, 2008 at 12:39 am
Yeah but they still aren’t jumping out of the windows of their penthouse suites…Yet. Oh man it will be like 9/11, only I’ll be laughing, when a bunch of yuppie douche bags are splattering onto Wall Street. Yeah that’s right fuck the WTO, fuck the U.N., fuck the rest of these elitists institutions that breed pretentious, type A personality, puckered assholes, who go through life thinking nothing can touch them, as they lay waste to the world without looking back. You got hard times, and can’t cope? Good! Do me a favor and kill your family too, before you kill yourself, inject some real liquidity back in the market. They wanted to rule like it’s the law of the jungle, well welcome to the jungle motherfucker, I guess you found out your not king of the forest. You like the risk and high stakes? Well I guess the house took your chips skippy, nice hand, but you don’t pass go, and don’t collect $200. So what now? the Super-Rich are even richer, the rich are now middle class, the middle class is now the lower class, and the lower class….well who ever gave a shit about them anyway.
December 2nd, 2008 at 1:15 am
whats that Alex deltes the $2000 gold post after gold dropped more than 40 bucks an ounce in a day?
What a worthless fat fuck
December 2nd, 2008 at 1:16 am
Oh please it was bad news we all knew for months coming. its just a panic reaction and it will recover this week.
December 2nd, 2008 at 2:31 am
is this baaaaad? Is the fed running out of paper or ink right about now. We are trashed economically and it is quite deliberate. I would love to see truth float and enough already with the lies and deceptions. However, the rest of their plan gets pretty sinister after this portion. Find truth at these sites, get in the game and expose the freak cowards for who and what they and find peace in knowledge. Here is cool info: stevequayle.com standeyo.com uaff.us center for global research nag hammadi library on gnostic ancient texts whatdoesitmean.com uaff.us alex jones prison planet books: rise of the fourth reich temple at the center of time by david flynn 2008 gods final witness by ronald weinland…free and on line or shipped free book of enoch book of thomas the contender. misc info, interesting, scary, infuriating and mind bending………………..haarp cern weatherwars strangedaysstrangeskies op bluebeam op paperclip and thanks for 12 years of lyme disease and mycoplasma op gandalf op red sky ipto echelon rex 84 op chariot fort deitrick and crystalline brucella experiments in punta gorda fl…reference chronic fatigue as a planned outcome chemtrails and morgellons usaf document force multiplier, above all motto owning the weather by 2025-shame on you. nasa and structures on mars nasa and structures on the moon planet nibiru and its elongated orbit approaching earth 2012 fallen angels and illuminati. love to all others, annie
December 2nd, 2008 at 6:25 am
The more i think about all that is going on in the world…the more i believe that there is NO stopping this thing. All you fools who talk about the N.W.O., do you know who the enemy is? I mean, do you KNOW, who the enemy is. Enough with the New World Order this and the New World Order that; the N.W.O. IS here. It is not something that is going to happen in the near future; it is happening now. We are in it…like it or not.
And all that crap about population control…hahahahah…that shit has already begun. Look at how many people are dying of cancer. How come no one talks about that. I know many people that have died or have suffered from it; my mom being one. So, how come no one is asking why the sudden outbreak of cancer victims? What is triggering that part of us?
All i know is this, eating too much, now-a-days, is not good. We put too much trust in what they pack in our cans and stuff. I usually don’t eat my first meal until 1 pm…then i eat moderately throughout the day, and you know what…i feel GRRRRRRRRREEEEEAT! Even the bible talks about eating the kings delicacies…must be something to it…what do you think?
December 2nd, 2008 at 6:31 am
Think about it like this…regardless of the shit you people talk, when it comes down to it and you ain’t got no cash or money yall gonna be begging the gov’ment for help. And help you shall get!
December 2nd, 2008 at 7:33 am
I Ain’t Knowin Nothing Says: I think you are right.
December 2nd, 2008 at 10:17 am
Don’t listen to the talking TV knuckleheads who say “buy and hold”,their income depends on the masses leaving their 401K’s in the system.
If you guys don’t cash out now(even at a loss),you’ll crash to nothing and wonder what happened.
December 2nd, 2008 at 11:32 am
The hungry Sheep look up, and are not fed,
But swoln with wind, and the rank mist they draw,
Rot inwardly, and foul contagion spread
milton
December 2nd, 2008 at 11:55 am
Dave Post 32…I agree with you 100%! I am seeing people in their 70s trying the ride this thing out, are they crazy? They are going to lose it all. They are not supposed to even be in the markets anymore. I think GREED is getting the best of many people. They are throwing good money after bad, and they will have nothing to show for it in the end.
Furthermore, the average little guy has no business even being in the stock market. Buy land, buy gold, but unless you have a lot of money to lose, stay the heck out of the markets.
December 2nd, 2008 at 12:02 pm
Transparency of Loyalty in Government Amendment
http://www.change.org/ideas/vi....._amendment
December 2nd, 2008 at 12:31 pm
“Do you wish to know when a country will lye in ruins? Watch Money. When you see that trading is done, not by consent, but by compulsion (THREAT OF MARTIAL LAW ON CONGRESS) – when you see that in order to produce, you need to obtain permission from men who produce nothing- when you see that money is flowing to those who deal not in goods, but in favors, and your laws do not protect you against them, but protect them against you-when you see that corruption is being rewarded and honesty becoming a self-sacrifice-you may know that your society is doomed (7.6 TRILLION BAILOUT).
Destroyers sieze gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the abitraty power of an arbitrary setter of values (DOW JONES).”
AYN RAND – ATLAS SHRUGGED
December 2nd, 2008 at 12:59 pm
Hopefully this won’t be the US, however, Argentina didn’t think it would happen to them either. Realisticaly, all it would take is a few days of nonarrival of food products to stores and a couple of days of hunger to recreate this scenario here in the US.
http://ferfal.blogspot.com/200.....ntina.html
December 2nd, 2008 at 1:26 pm
I told everyone I know last week that the 5 day rise was all manipulation… It all a dog and pony show for the sheep.. This script is well written but a lil too predictable…… I cant wait to see what they have in store for 2009
December 2nd, 2008 at 1:45 pm
The 20th Century had it’s Great Depression.
The 21st Century may have something worse… The Great Die-Off.
An economic catastrophe so severe coupled with governments so corrupt that food production is taken out along with other goods leading to a literal die-off of millions.
Problem could be compounded by people standing around waiting for Jesus or the FED to save them.
December 2nd, 2008 at 3:52 pm
PLEASE READ AND SUPPORT THE US!!
The only reason for the drop was the, Big Daddy Government said” Its official we are in a recession” and some fucking idiots reacts to such bullshit, (wall street) and the Bullion market, Don’t they think we know, and so are other people of our country, but I must agree there are some sheep here, I bought gas today! 1st time in a month, $1.61 holy shit, and my hand wouldn’t let go of the pump handle, it was $2.51
I am starting a large letter Campaign Jan I need help, I will write and post letters to Congress
Demanding there jobs, resignations as Traitors to the US People, It will be good, send stamps, or a little money as you can afford, or Lexmark or HP printers, I have refill ink for most Lexmark & Hp printers Like about 3000 letters, and I have 8 reams of paper,
If you sponsor me I’ll include your name No address, unless you want it,
Help me get it going, well I really started it, I got all the address for the home & office in states, and Washington, DC
I would like some money for material, i.e., News, papers, (small ads,) stamps
See my website for my address http://www.mysilver4u.com, I have a paypal so email me if you care to help, we can do something,
STAND UP for this country, and let’s let them know where we stand
December 2nd, 2008 at 6:13 pm
“‘I am seeing people in their 70s trying the ride this thing out, are they crazy? They are going to lose it all. They are not supposed to even be in the markets anymore. I think GREED is getting the best of many people.’”
Their greed has over-ridden their common sense.
Hope their kids were smarter since they’ll be supporting them from now on.
January 31st, 2009 at 5:44 am
It is important to keep you eye on the ball, fon’t follow destractions, also learn the code words of the Elite, they hide their plans in plain sight. Once you learn their code they will tell you their plans.