Do you have any clues what is causing it?
The markets took heavy losses for a second day in a row Thursday in a broad-based retreat late in the session. Every major sector closed to the downside.
The Dow Jones Industrial Average fell 121 points, or 0.94%, to 12811, the S&P 500 dipped 17 points, or 1.2%, to 1378 and the Nasdaq Composite slumped 41.7 points, or 1.4%, to 2896.
The S&P 500, considered one of the best barometers of U.S. equities, tumbled 2.4% on Wednesday in its worst day on a percent basis since June. The losses added up in late trading on Thursday as well, with the S&P sinking 1.2%.
I’ll be darned. How can that be?
Can’t go any lower, can it? Nah. And gold is up. Hmmm.
Zoiks!!!!
“…It’s Bush’s fault…”
“…freakin’ Republican House…”
The Flat Earth Society.
And Global Warming of course…
May be time to start hoarding TP….
Here’s an interesting note from Michelle malkin’s blog:
http://michellemalkin.com/2012/11/08/you-were-warned-obamas-layoff-bomb-goes-boom/
“…ya’ got time ta’ DUCK?!?”
Bought gold, silver and a Gen 2 Glock 17 today!
A lot of inside selling.
Gee, ya think their worried about the capital gains tax going up January 1?
I’m sure a lot of the proceeds are moving out of country too.
Don’t blame them a bit either.
Me either, TN! Tax-avoidance is the responsibility of every …. responsible producer. You don’t get and maintain wealth by giving it all to the government.
Starve the beast!
I saw one stock doing rather well yesterday. Smith & Wesson was up almost 10%. I wonder why… not!