Gee Scooby, it looks like we have a mystery!

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%.

Meanwhile…

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12 Responses to Gee Scooby, it looks like we have a mystery!

  1. Jim22 says:

    I’ll be darned. How can that be?

    Can’t go any lower, can it? Nah. And gold is up. Hmmm.

  2. Doc says:

    “…It’s Bush’s fault…”

  3. DarthJay says:

    “…freakin’ Republican House…”

  4. jacksonsdad says:

    The Flat Earth Society.

  5. jacksonsdad says:

    And Global Warming of course…

  6. jacksonsdad says:

    May be time to start hoarding TP….

  7. Doc says:

    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?!?”

  8. dukka says:

    Bought gold, silver and a Gen 2 Glock 17 today!

  9. TN-Cat says:

    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.

  10. notamobster says:

    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!

  11. The Docent says:

    I saw one stock doing rather well yesterday. Smith & Wesson was up almost 10%. I wonder why… not!

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