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Wall Street dived sharply lower Thursday, sending the Dow Jones industrials down over 300 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year recovery.
In midafternoon trading, the Dow Jones industrial average fell 309.23, or 2.68 percent, to 11,223.65.
Originally posted by disgustedbyhumanity
NESARA, while most feelis a kooky idea, may be the only way to save our once great nation.
Bill Gross the largest bond buyer in the world came out and said that he would no longer buy the bonds from American Banks and Financial companies including Fannie and Freddie.
The U.S. government needs to start buying assets to stem a bourgeoning ``financial tsunami,'' according to Bill Gross, manager of the world's biggest bond fund.
If I was doomed to work in the Federal Reserve, or if I managed the world's largest bond fund, I'd be scared too.
Today, Gross let the freak out. And the plan is simply to open up the government's balance sheet to the beast... at all costs.
Originally posted by RRconservative
It never fails....let the Stock Market have a bad day, and we are in a "Global Meltdown", and the sky is falling.
What a day like this means to alot of investors is there should be some bargins on the market for tomorrow. I'm betting savy investors put more money in the market tomorrow and the DOW has a positive day. No one will notice though, because nobody posts good news when the DOW goes up.
Originally posted by Rockpuck
I mean, look at Arizona, it's like someone pulled the emergency brakes on the economy.
Originally posted by Ian McLean
It would be interesting to correlate 'big news' days, with 'negative financial' days, with actual market performance, see if there are any interesting patterns.