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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Stocks March Downward

Maybe Wall Street stopped baking.

Early thought in today's trading day was that the poor December jobs report out this morning -- unemployment hit 7.2 percent, its highest rate since 1993 -- had already been "baked in" today's markets, meaning a huge drop was not expected.

But the Dow has continued its steady, if not precipitous, drop as the morning has moved on.

The Dow is now trading down about 143 points, or about 1.4 percent.

The S&P 500 is down about 1.6 percent and the Nasdaq is down about 2.3 percent.

President-elect Obama is set to speak shortly to firm up the details of his national security team.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  January 9, 2009; 10:36 AM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Dow Slips, But Doesn't Dive, On Bad Jobs News
Next: Obama Uses Bad Jobs News To Push Stimulus Spending


Vote Republican get Communism.

And you though you were getting fiscal conservatives.

Now America have a 12 Trillion Dollars of Debt, two wars, has been through 140 dollar Oil, had the dollar and your 401K halved in value, raided the Medicare and Social Security funds, made business corruption business as usual on Wall Street and brought America to Great Depression II.

Rove's commie GOP NeoConMen fooled you with their straussian text.(Google is your friend look it up)

When King Cheney's jester said "There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again." do you think he was laughing at you?

Watch they will do it to you again. They just need to push your buttons.

Notch up the fear and they get straight to the lizard part of your brain, the bit that controls your fight and flight responses, short circuit the consious and do not give you time to think about it.

Just Quick Quick Bin Laden is comming, or the Saddam Has WMD and will give it Al Qaida, or the economy is tanking give us a Trillion dollars no question asked for wealfare for the wealthy.

The Flimflam man's trick. What that dodgy used car sales did to you. How they sell ponsi shemes and timeshare.

And Rove's Commie GOP NeoConMen did it to you.

You can fool some of the people all the time.

Posted by: walker1 | January 9, 2009 1:38 PM | Report abuse

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