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

Stocks plunge at closing, hitting their lowest point since February

UPDATED at 4:18 p.m.:

Stocks crashed at closing, closing at their lowest point since February. The Dow suffered the biggest one-day percentage drop since the crash of March 2009.

The Dow closed down 3.6 percent at 10,068.01, coming very close to cracking the 10,000-point barrier, a key psychological level. All 30 Dow stocks closed down.

The broader S&P 500 closed down a whopping 3.9 percent, at 1,071.59. This is actually much more troubling that the Dow's dive, because the Dow is only 30 blue-chip stocks. The S&P is 500 stocks across a number of sectors. It was the biggest one-day percentage drop in the index since April 2009. Only three of the 500 stocks closed up.

The tech-heavy Nasdaq closed down 4.1 percent at 2,204.01. It was the biggest one-day percentage drop in the Nasdaq since February 2009.

Crude settled just under $70 per barrel, off its lows of the day.

Markets are down now for five of the past six sessions.

More than anything, stock markets hate uncertainty, and there's plenty going on right now, driving markets lower over the past several trading sessions. Let us enumerate all the uncertainty, in no particular order:

  • At first, we only thought we had to deal with a sovereign debt contagion in Europe. Now, it looks like we're facing real fractures not only in the euro but in the eurozone bond. Germany bans naked short-selling on its own, France gets upset, the European Central Bank says, "Can't we all just get along?" Sovereign debt continues to be a problem in Greece, Portugal and Spain; national deficits are a problem in the U.K. and elsewhere. Big problem: Europe is the biggest buyer of U.S. exports. If they can't buy what we're selling, we're in trouble. Thomson Reuters says that all of the S&P 500 companies have an average 25 percent exposure to Europe; i.e., 25 percent of their business comes from Europe. Again: Five Reasons Why Europe Is Sick.

  • Financial regulatory reform on Capitol Hill, even though it appears to be moving toward passage, is doing so with all the consistency and predictability of an old pickup with a busted clutch. Lurch forward, with Sen. Blanche Lincoln's (D-Ark.) punitive proposal on derivatives; stall, with Sen. Chris Dodd's (D-Conn.) compromise amendment on for Lincoln's proposal; lurch sideways, as Dodd removes his amendment. It looks like chaos on the Hill to Wall Street, which is saying: Give us new rules. Tough ones or lax ones, but let us know what the new rules are.

  • Speaking of new rules, the SEC is imposing new rules on stock trading, in an attempt to prevent another 900-point flash-crash plunge -- even though the agency doesn't know for sure what cause the first flash crash.

  • A wobbly recovery at home. This morning, we learned that last week's new jobless claims took a surprise jump upward. Moments ago, the Conference Board's monthly index of leading economic indicators retreated slightly, and last month's number was revised downward.

  • Technical triggers in the stock market. Some traders are called "technicians." That means they follow trends closely in the markets and buy or sell based on those. For instance, when one of the market's "moving averages" -- a longer-term look at stocks, designed to smooth out day-to-day volatility -- rises or drops through certain levels (say, when the S&P 500 drops below 1100, as it just did), traders will just begin selling, regardless of how the stock is doing recently. Selling drives the markets down.

  • Germany's parliament votes tomorrow on whether to fund its portion of the European bailout.

  • And here's another factor: May individual equity options and some stock index options stop trading at Friday's close and expire on Saturday. Frequently, this means volatility on the options day -- tomorrow -- but also the day head -- today.

    So, the takeaway is: Until at least a couple of these variables start to simmer down and show some stability, it could be a bad summer for stocks.

  • By Frank Ahrens  |  May 20, 2010; 4:18 PM ET
    Categories:  Data , Unemployment , Wall Street  
    Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Fragile U.S. economy faces threats from both hemispheres
    Next: Stocks stage closing rally to finish up at end of wild day

    Comments

    Unemployment up,,,Stock market down, 13 trillion dollar deficit.
    A president that bashes his own country, in agreement with a foreign president.

    Things are looking just grand !

    Posted by: dashriprock | May 20, 2010 10:48 AM | Report abuse

    It looks like there is too much big and stupid Government going on.
    The hype sold in papers has not been a scam anyone actually bought.
    Preppers depression is waiting for a Government to support, that is representative of their will.
    When Obama is impeached and all hidden history seen confidence will return.

    Look to the terrible cabinet and czar system for NO CONFIDENCE.

    Posted by: dottydo | May 20, 2010 10:52 AM | Report abuse

    VIX Index jumped to 45.16
    It means High Tension.There are nervousness
    and uncertainty on Markets;
    -Future of Euro and Eurozone
    -Debt Problems from USA to Japan
    -New Tax to Banks
    -Still High Jobless
    -High Volatility of Commodity Prices

    Posted by: halozcel1 | May 20, 2010 10:52 AM | Report abuse

    Where is the msm? This country is going to hell in a handbasket and they are still giving Obama a pass. No wonder newspapers and Newsweek are going down the tubes.

    Posted by: Linda7 | May 20, 2010 10:55 AM | Report abuse

    Where's the jobs????? November is coming and how many incumbents will be thrown under the bus by taxpayers/voters.

    Posted by: Jimbo77 | May 20, 2010 10:58 AM | Report abuse

    And what poor little town will Obama descend upon next week in his luxury jumbo 747 to tell hundreds of unemployed people that his policies are working as he criticizes anybody to disagrees with him?

    Then he jumps back onboard to be home in time for his gourmet dinner in his government owned mansion. Another day of hard work finished.....

    Posted by: RobParker | May 20, 2010 11:11 AM | Report abuse

    The new world's economy is going totally bonkers. VIX goes up while commodities prices, even the gold hedge goes down. Here employment goes up and so does unemployment (perhaps the survey method). Financials whose piece of the pie doubled in 20 years to 40% of our GNP has stopped real growth. A S&P US corp. shows a better balance sheet amount buoyed by the over 50% profit made overseas somehow increases our GNP. Corporations for an extra 2% outsource American jobs destroying their own market in a sales and service economy. We don't change what is going on and we will fall like Rome and the British empire before us.

    Posted by: jameschirico | May 20, 2010 11:13 AM | Report abuse

    One point to remember is that the stock market itself is a major leading economic indicator. It is always possible that the recent weakness in the stock market will turn out to be a relatively short term correction in some kind of longer term economic recovery. But the growing evidence points to the likelihood of a more significant reversal of stock market direction. Certainly the oppisite scenario cannot be ruled out. That would be one where we have reached the point of exhaustion of the global attempt to generate escape velocity that would somehow eject the global economy from its recent downward trajectory. That scenario would put the global economy on another sharp downward trend with much less potential than last time for globally organized government resistance.

    Posted by: dnjake | May 20, 2010 11:16 AM | Report abuse

    Hand wringing over the pesky state dinner guest list and then having to read Arizona's immigration bill hasn't left any time for Obama to fret over that oil leaky thing or the darn inconvenient economic problems that keep popping up.

    Posted by: JAH3 | May 20, 2010 11:19 AM | Report abuse

    Nobody has ANY idea why the stock market is up or down at any time of the day. Playing the stock market is a chaotic, but fun gambling exercise. If anyone could even remotely closely predict stock market moves, they would be instant billionaires. Not too many of them.

    Posted by: jim999 | May 20, 2010 11:22 AM | Report abuse

    This article has it wrong. To the extent that European economies are having any problems is due to the near collapse of the US economy. And US has had a near economic collapse due to what Utter Lunatics Republicans in US are and how right-wing (which means Lying for the benefit of the Super rich aka Wall Street gang and War profiteers) 99% of US Media is that it has enabled the Republicans to get away with their Lunacy.

    And how Democrats have been not much different than Republicans either, to date, once in the office as evident by Obama/Dems that have done really nothing to address the fundamental problems of US economy, which the Europeans, Chinese, Japanese, etc. are not suffering from because they are not suffering from a party of lunatics (aka Republicans) or a right-wing lying war-mongering Media that Americans are suffering from.

    These fundamental problems with US economy are:

    1- Our money (Taxes) wasted on unnecessary Wars.
    2- Our money (Taxes) wasted on a Gargantuan Military.
    3- Our money (Taxes) not invested in our people and cities as Europeans do with Universal Single Payer Health Care, Universal Education and many other social services. Considering the FACTs that 2Mill+ Americans go bankrupt each year due to health care costs while ZERO Europeans go bankrupt each year due to health care costs.

    Much more here:
    http://RealNewsPost.com?n=think.32414

    Posted by: RealNews1 | May 20, 2010 11:30 AM | Report abuse

    ..and while the Stock Market plunges and Unemployment soars, Obama is bashing America in favor of illegal aliens. Wouldn't it be great to have a US President that liked America?

    Posted by: Realist20 | May 20, 2010 11:34 AM | Report abuse

    Posted by: RealNews1 | May 20, 2010 11:30 AM | Report abuse

    1- Our money (Taxes) wasted on unnecessary Wars.
    2- Our money (Taxes) wasted on a Gargantuan Military.
    3- Our money (Taxes) not invested in our people and cities as Europeans do with Universal Single Payer Health Care, Universal Education and many other social services. Considering the FACTs that 2Mill+ Americans go bankrupt each year due to health care costs while ZERO Europeans go bankrupt each year due to health care costs.


    Sorry simplet0n but they are NO LONGER you taxes. Taxes are you portion (bill) owed for services available. Only a complete m0r0n would thinks the money he used to pay a bill he owed is still his. LOL Typical brain dead LIB.

    Posted by: askgees | May 20, 2010 11:39 AM | Report abuse

    Realist120

    Bush loved Amerika didn't he?

    Posted by: kiler616 | May 20, 2010 11:42 AM | Report abuse

    Das ist right, Dashriprock! Van muust neffer effer zay anyting bad aboot ze fazerland!

    As for dottydo, can this person ever write anything that isn't utterly nonsensical? Just once? Please?

    Posted by: chert | May 20, 2010 11:50 AM | Report abuse

    Wait for another 10% fall, then buy in June!

    Posted by: mongolovesheriff | May 20, 2010 11:51 AM | Report abuse

    You say: "It looks like chaos on the Hill to Wall Street, which is saying: Give us new rules. Tough ones or lax ones, but let us know what the new rules are."
    Don't be ridiculous. The Wall Street guys are writing those rules for the Senators. Wall Street's uncertainty is in how much money they will carry away from Congressional earmarks and contributions. The only ones who wonder what is going on with this legislation is the voters, who get no say in the matter.

    Posted by: jollygreen | May 20, 2010 11:54 AM | Report abuse

    dottydo, Impeached? When Obama is impeached??? I can't tell if you're ignorant, just plain stupid or ... my least-favorite word ... retarted. I am by no means an Obama fan, but try impeaching Dubya before talking about the impeachment of a president who hasn't broken the law and hasn't committed either high crimes or misdemeanors. Schmuck.

    Posted by: glazer68 | May 20, 2010 11:57 AM | Report abuse

    Welcome to wealth distribution everyone! Only problem is it is being redistributed to Barack "Goldman Sachs" Obama's buddies!

    How long will it take Americans to realize that destroying the US wealth and economy was the plan before the first day of the Obama campaign? Look back at how many times Obama talks about being a citizen of the world.

    If you make $30k a year you are in the top 7% of the world in terms of wealth. It's not fair to the rest of the world that we are so rich?

    Posted by: Straightline | May 20, 2010 12:01 PM | Report abuse

    Well now we can admit that unemployment is really at 13%. I know, I know maybe Obama will take another overseas trip and take his aunt.

    Posted by: KBlit | May 20, 2010 12:02 PM | Report abuse

    Today the markets will drop around 2 to 2.5%. This will look pretty to what happens next week.

    Posted by: mibrooks27 | May 20, 2010 12:13 PM | Report abuse

    Will Liberals FINALLY admit you can't spend your way out of a recession?

    Posted by: clandestinetomcat | May 20, 2010 12:18 PM | Report abuse

    Not pleasing to President Obama at ALL.

    Posted by: etronsen | May 20, 2010 12:22 PM | Report abuse

    To REALNEWS...

    Blinded with hate! Get a life and stop watching PMSNBC!

    Posted by: angelsflight22 | May 20, 2010 12:33 PM | Report abuse

    Doubtless you have been reading/hearing lots of news from US Media about Europe, Greece & Euro. And as usual most of it are either lies, or twisted by the right-wing Media in US to suit their agendas. So given that I find RealNewsPost.com as one of the news sources that always posts the real news and real facts, have posted an article about this matter here, from which I am quoting:

    FACT: Euro is still MUCH MORE VALUABLE than US Dollar. As of this writing it is s MIGHTY 24% MORE VALUABLE than US Dollar. So what Euro collapse are you talking about GIVEN THE FACT that it is Euro that is more valuable than US Dollar and NOT the other way around!

    WHY?
    Because Europeans are not suffering from a party of Lunatics as US is with the Republican party and Europe is not suffering from a right-wing (aka Lying) war-mongering media as US is with such lying machines as Fixed news, Talkradio, Wall Street Journal, CNBC, etc. etc., as a result of which:
    1- European Governments invest much more of their People's money (Taxes) in their people and cities via such things as Universal nationalized health care, Universal education to Ubiquitous (electric powered) public transportation etc.
    2- European Governments do not waste their people's money on Unnecessary Wars (Iraq War, Vietnam War, etc.) or on a Gargantuan Military

    More here:
    http://RealNewsPost.com?n=Europal.39732

    Posted by: RealNews1 | May 20, 2010 12:35 PM | Report abuse

    Jimbo77:
    "Where's the jobs?????"

    There were 290,000 jobs added. The reason the unemployment rate is steady or ticking upward is that people who had stopped looking for work altogether (and so were not being counted) are now starting to look again.

    Posted by: presto668 | May 20, 2010 12:38 PM | Report abuse

    With unemployment and underemployment at a more true 16% to 18%, a depression of huge magnitude, epic home loss------ we are so proud that Washington used all the oxygen to get a health care bill passed while they ignored an economy that crashed and burned. Repayment of voting ALL the DC politicians out is mandatory.

    Posted by: onlooker2 | May 20, 2010 12:40 PM | Report abuse

    clandestinetomc:
    "Will Liberals FINALLY admit you can't spend your way out of a recession?"

    So what would you do, Mr. Economist?

    Posted by: presto668 | May 20, 2010 12:40 PM | Report abuse

    I understand that many thousands put in claims because of the oil spill. P.L.

    Posted by: EAguard54 | May 20, 2010 12:46 PM | Report abuse

    I understand that many thousands put in claims because of the oil spill. P.L.

    Posted by: EAguard54 | May 20, 2010 12:46 PM | Report abuse

    I understand that thousands put in claims because of the oil spill. P.L.

    Posted by: EAguard54 | May 20, 2010 12:47 PM | Report abuse

    Presto668

    Guess you're finally beginning to admit the REAL jobless rate is closer to 16%. So where are the jobs??????

    Posted by: Jimbo77 | May 20, 2010 12:50 PM | Report abuse

    I understand that thousands put in claims because of the oild spill.P.L.

    Posted by: EAguard54 | May 20, 2010 12:50 PM | Report abuse

    and yet the dems say all is grand...
    vote the bums out...now...

    Posted by: DwightCollins | May 20, 2010 12:54 PM | Report abuse

    If Wall Street was really saying "Give us new rules. Tough ones or lax ones, but let us know what the new rules are," the financial overhaul bill would have been passed months ago. We all understand what's REALLY going on: Congress is trapped between a rock (their deep-pocketed financiers who are giving them a piece of the action) and a hard place (an enraged American public which is tired of being ripped off). Of course, Frank Ahrens will defend the crooks on Wall Street to the very end. Mr. Ahrens, you forgot to mention that today is a good day to buy stocks...

    Posted by: jerkhoff | May 20, 2010 12:54 PM | Report abuse

    For a Marxist agenda of destroying our economy and standard of living, things are going along as plan!

    Posted by: theaz | May 20, 2010 12:54 PM | Report abuse

    Perhaps President Obama's boast last week of "I told you so" when referring to how well the economy was doing under his leadership was a little premature.

    Posted by: azhotdesertdude | May 20, 2010 12:56 PM | Report abuse

    There is too much worrying and panic not enough performance among traders and the economic gurus, what are they weathermen?
    Watching the stock market fall, seeing traders making money on each sale as commission, new worries about things already worried about or known, and crying about uncertainty makes me want to recommend, first, shutting down the stock market. Then revoking the traders licenses and requiring a recertification in Economics 101 and American Historical Ethics before allowing any trader back in the building.

    Posted by: jdroubay1 | May 20, 2010 12:57 PM | Report abuse

    ...Speculators...ring a bell...that's whats behind the fall in the Stock Market "NO WONDER MARKET IS IN TROUBLE!

    Hedging bets on pure Speculation is ruining "WALL STREET" and investors are leaving it in drooves...

    Posted by: ztcb41 | May 20, 2010 1:04 PM | Report abuse

    What part of the stock market crashed in the year 2000, doesn't the Washington Post understand? Wall street banking thugs have been making up the numbers ever since the market crashed. As Gerald Celente says, they are the real bank robbers.

    Worse than that they abduct children and do their Eugenics Program. This is very much against the Universal Law!

    People keep yapping about the left vs the right, the Democrats vs the Republicans. Well, unless you can read the Akashik Records accurately, and unless you have a white heart divinely tattoed on your body and unless you recall seeing the TRUE Jesus Christ then don't argue with me.

    In the records, the REAL RECORDS it shows that Al Franken won by 649 votes. Did the media get that correct? NOOOOOOOOOOOOOOOO!

    In the records, the REAL RECORDS it shows that by 17 percent the Republicans have ruined America more than the Democrats. Some people may think that is not a high percent, I think that is a high percentage.

    In the records, the REAL RECORDS it shows that the law enforcment agents, mostly the police have ruined America by 1.2 percent. Here is the sickening part of that. The law enforcement agents have ruined America more than the creeps at the Illuminati and the corrupt Military Industrial Corporate Complex! And, here is more sickening information...the creeps at the Illuminati said in one of their meetings that America is so stupid that is exactly what would happen.

    I don't go to their stinking meetings. However, I read about them in the REAL RECORDS. I have permission to do this from the divine...why is that...go ask the criminal treasonist, child raper, former President George H W Bush who authorized Ronald Reagan to be implanted to get Alzheimers when he was the Vice President! You see he was beholden to that evil frat club known as the Skull and Bones Society!!!

    Truly,
    Karen Marie Romero

    Posted by: karenmarieromero | May 20, 2010 1:11 PM | Report abuse

    Obama is a complete failure. Democrats have no idea how the economy works. Keynesian economics fail everytime. Look at Europe. Socialism has failed, it is dead. We had better start with some capitalist economic policies or we will soon be Greece.

    Posted by: 2010Rout | May 20, 2010 1:11 PM | Report abuse

    Wall Street is the big casino in the sky. When it looks as if the luck is turning, either way, the market swings wildly.

    How sad that we've gotten away from stocks and bonds as a way of financing innovation and progress. Now stocks are just gambling chips like the chips they sell at Las Vegas.

    Posted by: tinyjab40 | May 20, 2010 1:11 PM | Report abuse

    What part of the stock market crashed in the year 2000, doesn't the Washington Post understand? Wall street banking thugs have been making up the numbers ever since the market crashed. As Gerald Celente says, they are the real bank robbers.

    Worse than that they abduct children and do their Eugenics Program. This is very much against the Universal Law!

    People keep yapping about the left vs the right, the Democrats vs the Republicans. Well, unless you can read the Akashik Records accurately, and unless you have a white heart divinely tattoed on your body and unless you recall seeing the TRUE Jesus Christ then don't argue with me.

    In the records, the REAL RECORDS it shows that Al Franken won by 649 votes. Did the media get that correct? NOOOOOOOOOOOOOOOO!

    In the records, the REAL RECORDS it shows that by 17 percent the Republicans have ruined America more than the Democrats. Some people may think that is not a high percent, I think that is a high percentage.

    In the records, the REAL RECORDS it shows that the law enforcment agents, mostly the police have ruined America by 1.2 percent. Here is the sickening part of that. The law enforcement agents have ruined America more than the creeps at the Illuminati and the corrupt Military Industrial Corporate Complex! And, here is more sickening information...the creeps at the Illuminati said in one of their meetings that America is so stupid that is exactly what would happen.

    I don't go to their stinking meetings. However, I read about them in the REAL RECORDS. I have permission to do this from the divine...why is that...go ask the criminal treasonist, child raper, former President George H W Bush who authorized Ronald Reagan to be implanted to get Alzheimers when he was the Vice President! You see he was beholden to that evil frat club known as the Skull and Bones Society!!!

    Truly,
    Karen Marie Romero

    Posted by: karenmarieromero | May 20, 2010 1:12 PM | Report abuse

    Bunch of whiners.

    This morning was a great time to buy stocks.

    Meanwhile, Seattle unemployment dropped to 8.1 percent and WA unemployment dropped to 9.2 percent.

    But that's in the real world.

    I love buying stocks when all the gamblers in the market react in fear - they're not capitalist investors, they're gamblers.

    Posted by: WillSeattle | May 20, 2010 1:20 PM | Report abuse

    karen marie romero

    pls call 911, state you are having a mental breakdown and help will arrive shortly.

    remember to take your meds tomorrow.

    Posted by: jhpbriton | May 20, 2010 1:20 PM | Report abuse

    But, but, but all the left-wing Obama apologists were just telling me about how great Obama was doing creating jobs, and bragging about how wonderful the stock market was making them rich.

    Well it looks like they are going back to being broke Obama apologists.

    Posted by: jdcw | May 20, 2010 1:22 PM | Report abuse

    and yet the dems say all is grand...
    vote the bums out...now...

    Posted by: DwightCollins | May 20, 2010 1:23 PM | Report abuse


    Ten percent unemployement. Way to go Barry.

    Barry the incompetent boob Obama who just one week ago had the temerity to brag about what a great job he is doing with the economy.

    Miserable failure Obama


    Posted by: screwjob15 | May 20, 2010 1:24 PM | Report abuse

    Zippy can't worry about unemployed people. He's too busy bashing Arizona for doing something he won't do. As a leader, he is a total joke.

    Posted by: theBozyn | May 20, 2010 1:24 PM | Report abuse

    KBlit - WRONG. I model the economy and need and use real numbers, not the nonsense being reprinted from press releases. THIS White House fiddled with how the U3 stat's were calculated. The real unadjusted unemployment rate was 17.1% as of April 30. It is climbing and is expected to be 17.6% by the end of this month. (And, that number does not account for slef employed and small businesses with fewer than 20 employees going under. If those are factored in, the REAL unemployment rate is 21%.) Likewise, and you wont read it in this newspaper, we have lost at least 255,000 jobs thus far this month, NOT the paltry number being reported.

    Posted by: mibrooks27 | May 20, 2010 1:30 PM | Report abuse

    I only could read the first lines, sorry. But enough to say something. A part of the market could hate uncertainty. Yes. But there is other one which has been growing the last years being unable. Moreover. Happy living because uncertainty exists.

    Posted by: Vercinget333 | May 20, 2010 1:40 PM | Report abuse

    Time to be very cautious folks. Europe isn't out of the woods yet and our economy is still limping along. Overall unemployment is still very bad and the drag on the economy due to massive local, stat, and federal deficits will be with us for some time. It is only a matter of time before interest rates have to rise because of our huge borrowing. So much for our great society.

    Posted by: Alangc2 | May 20, 2010 1:41 PM | Report abuse

    So much for Comrade Obozo's recovery!!!

    Posted by: A1965bigdog | May 20, 2010 1:44 PM | Report abuse

    Still speaking about European debt? Still beleiving it has any deep economic high danger? The only danger is how the markets are acting at its own. Recession is still near. Slowing any probability of growing improvement is a bet to fall again. And it is what really the markets pressure is getting. Strict "measures to curb the debt" in tines of near reccesion like those they ask for to Europe. Probably is Europe which is has been damged by the american approach (plus the USA itself).

    Posted by: Vercinget333 | May 20, 2010 1:48 PM | Report abuse

    Thank you, Barrack-I wasn't ready for the depression to end.

    Posted by: phines1 | May 20, 2010 1:53 PM | Report abuse

    You can see how the rate of foreclosures is really growing (many more waiting for) and new mortages claims are diminishing. I remember so many people thinking that the public support was not neccesary at all. Yes. We know who and why.

    Posted by: Vercinget333 | May 20, 2010 1:56 PM | Report abuse

    Last one. If somebody tried the current approach in any catastrophe it was called a fool. Following the panic advise instaed of looking for enough serenity for any one to be safe enough. Yes. It was called a fool in such case. Why not in a hard economic recession?

    Posted by: Vercinget333 | May 20, 2010 2:07 PM | Report abuse

    Unemployment up,,,Stock market down, 13 trillion dollar deficit.
    A president that bashes his own country, in agreement with a foreign president.

    Things are looking just grand !


    Posted by: dashriprock | May 20, 2010 10:48 AM
    ================================

    Yeah and inaddtion to that our Great Divider-in-Chief and his Party REFUSE to address the deficit this year


    They also refuse to address bankrupt Social Security and Medicare.

    BUT.......instead they work hard to pass new left-wing legislation that will create NEW PROGRAMS and new spending for those programs.......

    This Party, the DEMOCRATS, will never address the issues the American people are intereted in because its HARD WORK and these liberal/progressives are LAZY.......

    Posted by: allenridge | May 20, 2010 2:10 PM | Report abuse

    It never ceases to amaze me that so many people STILL equate stocks' rise and fall with the unemployment [or employment] rate.

    Posted by: perryneheum | May 20, 2010 2:16 PM | Report abuse

    3- Our money (Taxes) not invested in our people and cities as Europeans do with Universal Single Payer Health Care, Universal Education and many other social services. Considering the FACTs that 2Mill+ Americans go bankrupt each year due to health care costs while ZERO Europeans go bankrupt each year due to health care costs.
    >>>>>>>>>>>>>>>
    I suggest you do your homework. Many European countries (Germany, France, Switzerland) do NOT have universal single payer health systems. Germany, for example, has a multitude of insurance systems, both public and private. Switzerland does not have a public insurance system, but requires people to buy their own plans. The UK also has a private healthcare system, which is a good thing since there is a horror story a day from the NHS. France has private health insurance to cover charges that are not reimbursed by the public system. Sure individual people in Europea aren't going bankrupt from healthcare costs - but their countries are.

    Posted by: GRILLADES | May 20, 2010 2:22 PM | Report abuse

    1. UNEMPLOYMENT claims suddenly sharply up! 2. Walmart Sales stall 3. Check with consumer businesses....most everyone has seen a sharp slow down starting the end of March and continuing all through Apr into May, Q1 was busy, but Q2 is dragging we just haven't seen how much yet. 4. The stock market is tanking 5. The price of oil has started to fall sharply Obama and the Democrats have done everything...everything wrong the past year and 1/2. All that corrupt spending and debt had to have some effect, but we may very well be sliding right now into another dip!

    Posted by: valwayne | May 20, 2010 2:53 PM | Report abuse

    Short sellers are just pocketing the profits from last week's bets. Isn't it wonderful???

    Sorry they cannot do the same in Germany anymore. So sad!!!

    Anyway, Wall Street is a casino, where Goldman and other players OWN the casino.

    Goldman will never let Obama or Dodd interfere in their business. After all, they bought Obama's soul with campaign contributions.

    Posted by: tropicalfolk | May 20, 2010 3:20 PM | Report abuse

    Note to the right-wing lunatics in US (aka Republicans).
    Euro is still MUCH MORE valuable than US Dollar and not LESS.
    Again Euro is MUCH MORE valuable to the US Dollar and not less.
    In fact as of this writing Euro is a MIGHTY 25% more valuable than the pathetic US Dollar. So all this talk about Euro collapsing due to Europeans having generous social services should be changed to be about US Dollar collapsing due to lack of European type social services since it is Euro that is MUCH MORE VALUABLE than US Dollar and not the other way around. Or do the right-wingers in US Media think that this is like the lie about Iraq war and billion other lies where we cannot easily check and see that in fact Euro is MUCH MORE VALUABLE than US Dollar!

    So Euro is KING and will continue to be KING, will continue to be MUCH MORE valuable to the US Dollar, because Europeans are not suffering from a party of Lunatics as US is with the Republican party and Europe is not suffering from a right-wing (aka Lying) war-mongering media as US is with such lying machines as Fixed news, Talkradio, Wall Street Journal, CNBC, etc. etc., as a result of which:
    1- European Governments invest much more of their People's money (Taxes) in their people and cities via such things as Universal nationalized health care, Universal education to Ubiquitous (electric powered) public transportation etc.
    2- European Governments do not waste their people's money on Unnecessary Wars (Iraq War, Vietnam War, etc.) or on a Gargantuan Military.

    You can get More FACTS and truths on this people powered news site:
    http://RealNewsPost.com?n=Europal.39732

    Posted by: RealNews1 | May 20, 2010 3:25 PM | Report abuse

    askgees says:

    "Sorry simplet0n but they are NO LONGER you taxes. Taxes are you portion (bill) owed for services available. Only a complete m0r0n would thinks the money he used to pay a bill he owed is still his. LOL Typical brain dead LIB."

    This is the most moronic quote I have seen on this web site in months. So liberals are brain-dead because they expect to have a say in how THEIR taxes, paid for by their own sweat and labor, are spent? Askgees, get out a wrench and tighten down a few of those loose bolts on the sides of your head. LOL indeed...

    Posted by: jerkhoff | May 20, 2010 3:43 PM | Report abuse

    Isn't it time for BO to blame Bush for the tanking stock market? BO seems to have gotten a pass on the flooding in Nashville and on the oil spill, either one of which would have gotten Bush criticized.

    Posted by: pyoung66 | May 20, 2010 3:50 PM | Report abuse

    Good thing the economy's recovering by leaps and bounds -- this we know, for the administration, and the servile propagandist mainstream media who serve the corrupt leftist hacks, say it's so.

    Glad to know Obama's "focused like a laser" on jobs.

    Three cheers for "hope and change."

    Let's save a cheer for the Stepford Wives -like thoroughly zombified lib WaPo readership who remain unconditional apologists and supporters of the comprehensively inept narcissistic radical Obama.

    Oh, wait, it's all Bush's fault, is that it?

    Posted by: finsher771 | May 20, 2010 4:00 PM | Report abuse

    According to Jason Goepfert:

    " With major selling pressure so far this morning, this would be only the sixth time in history that the S&P 500 futures fell five days then gapped down by more than -1%.

    All five of the others closed higher than the open. For those curious, the dates were 4/8/02, 12/6/02, 1/23/08, 10/8/08 and 10/10/08.

    If we look at four down days then a -1% gap, the S&P closed higher than the open 11/13 times."

    S&P 500 opened around 1090. It's now at 1075. An exciting last 30 minutes for the markets, or history in the making?

    Posted by: pmendez | May 20, 2010 4:01 PM | Report abuse

    It seems like there are a lot of people writing here who shouldn't be if the WaPo is as liberal as people seem to say it is. But i will refrain from ad hominems.

    Unemployment is up because more people have started looking for jobs. The official unemployment rate is somewhat "cooked" in that it doesn't count people who haven't looked for a job in sixth months. It is good that it is now higher because it means that people have stopped giving up and started to see the same glimmers of hope in the economy that are fairly evident to anyone else. Or else they wouldn't be looking for jobs anew. People are hiring again, all you have to do is look at job boards and craigslist to notice that it's no longer a tumble-weed filled desert.

    Also, how is obama the socialist supposed to give everyone a new job and a puppy without increasing the role of government? lowering taxes? corporate taxes are already pretty darn low in the US, comparatively speaking. Is he supposed to set up shop with a TVA-like work program?

    Posted by: nels202 | May 20, 2010 4:27 PM | Report abuse

    This panic is echos from the many scary waves of it in 2008, set up by years of improper and lax regulation of the financial industry by the Bush administration. GOP'ers do not believe in regulation, the Bush team set out to prove that, and it blew up in their face. Greed is greed, and proper oversight is proper oversight.

    Balkingpoints / www

    Posted by: RField7 | May 20, 2010 4:32 PM | Report abuse

    The Dow was down 192 pts when it was announced the fin reg had past. It preceded to lose another 200pts by the close. Thanks again to our very able legislators. And to Browny who is turning into a clowny.

    Posted by: dhm1 | May 20, 2010 4:36 PM | Report abuse

    The Doom & Gloomers are driving the market down and the astute are buying like crazy...laughter. We buyers love it. Warreb Buffet said it best and I am sure he is buying like a madman.

    Europe will deal with their problems and not at our expense so much as theirs.

    Oil will rise dramatically in price...try dealing with that fact.

    North Korea is bluffing, starving and the president is making preparations to run to China...laughter

    The Gulf Oil Spill is the biggest news of the 21st century and the obvious solution, blowing a huge dynamite charge over the hole, is being ignored...what crime is this going to be? An instant solution is available and no one even mentions it in the news? Obama? Speak son, speak.

    Greece? What did you expect? Their sexual preferences are legend.

    Posted by: owlafaye | May 20, 2010 4:45 PM | Report abuse

    Oh, thanks President Obama! My, my that Stimulus worked SO well!

    The jobs are just rolling in!

    Posted by: Revcain777 | May 20, 2010 4:49 PM | Report abuse

    The stock market is RACIST...

    Posted by: RaiderDan | May 20, 2010 4:50 PM | Report abuse


    Just goes to show you that all of the rosie news about how the economy is recovered and getting better is not true. The USA cannot recover without global recovery, since it is a global economy. Europe is in the beginning of a crisis with the Euro weakening, all of which is from the shananigans of the USA.

    My hunch is that Europe is in the same boat as the USA, with the government unwilling to cut spending and the budget still at the level as when there was robust revenue due to a booming economy.

    The global economy busted when the mortgage balloon burst in the USA, but governments are still budgeting at the same level as when there was record revenue.

    The fat cats also know that they will be bailed out when the market slumps--since they are "too big to fail". Uncle sugar daddy will bail out the market (and Greece, and the Euro) so that the fat cats will not have to use their own money or liquidate assets.

    Posted by: maphound | May 20, 2010 4:52 PM | Report abuse

    Oh, thanks President Obama! My, my that Stimulus worked SO well!

    The jobs are just rolling in!

    ================================

    Yeah, adding MASSIVE DEBT on top of a BRINK DEBT CRISIS, takes the smarts of a Marxist Community Organizer!

    Posted by: theaz | May 20, 2010 4:52 PM | Report abuse

    very few people here understand any of the statistics thrown at them...unemployment numbers up??...could be more people looking for work...Dow down...imminent doom??....if it goes up tomorrow and people are giddy...is it all fixed??.....progress is being made...it's just that the WORLD is messy...not just us...let me ask all of you...were you all really appalled when the first snipets of news were coming out about the Rwanda massacre in 1994....probably weren't aware until the movies started coming out huh??....please...stop posting garbage...we are in a period of progression...it's not grandma and grandpas gretest generation era anymore...there are a lot of major players now...and if anyone is to blame for our lower standard of living....it's the large corporations...they realized that the third world was entering it's version of the industrial revolution in the late to mid seventies,and they just found a new and cheap workforce to tap...no child labor laws,no overtime,no insurance,no safeguards against occupational hazards...yes..sub-human labor...just like the masters like it.

    Posted by: kiler616 | May 20, 2010 4:53 PM | Report abuse

    I wonder if this explains the cold shoulder Obama has been giving to the media. They're desperately eager to please him, and yet every month is another "unexpectedly" bad economic report. By pretending recovery is constantly around the corner, the media is actually harming his Presidency by constantly creating shocks when reality diverges from their optimistic reports. Honest to god, how unexpected can a rise in unemployment be if it happens nearly every month for a year and a half?

    Of course, President Obama is not doing himself any favors by pushing our economic and social policies ever closer to Europe's at precisely the moment Europe is looking to come apart at the seams. It's like watching a guy pushing through a fleeing crowd in order to buy tickets to the Titanic after it already hit the iceberg.

    Posted by: zippyspeed | May 20, 2010 5:03 PM | Report abuse

    Oh, and another point to consider for those whining about America "wasting" its money on its military while Europe "invests" it in people taking 14 years to get degrees in poetry in between 6-week vacations: we protect Europe. If they had to pay for their own militaries, they'd have a lot less to waste on paying people to retire at 55. The real question you should be asking is why countries such as those in Europe or Japan that we basically provide with free military protection still can't get their economies in gear. It might, just might, have something to do with their insanely spendthrift social entitlement policies that do nothing to actually create jobs or growth.

    Posted by: zippyspeed | May 20, 2010 5:08 PM | Report abuse

    In 2010 and 2012 it will be tax payers for a change. Bye, bye to Obama and his liberal buddies.

    Posted by: 45upnorth | May 20, 2010 5:14 PM | Report abuse

    THE FALL IN STOCK PRICES IS NOT EVIDENCE OF FEAR, IT IS BELATED REALISM. TAKE A GOOD LONG LOOK AT OUR REPUBLICAN MANIPULATED ECONOMY, THE PHONEY REGULATION OF EVERYTHING, THE GRAM-LEACH-BAILEY ACT CREATING BANKS TOO BIG NOT TO FAIL.
    EIGHT YEARS OF BUSH AND REPUBLICANS AND WE ARE ON THE WAY DOWN, DOWN, DOWN.
    wHAT GOOD IS A CONSUMER ECONOMY WITH JOBLESS CONSUMERS?

    Posted by: laurelphoto | May 20, 2010 5:14 PM | Report abuse

    There are forces in the market that want it to drop in value. They are the same forces that created enough doubt about Lehmans to force a run, and subsequently with Greece.

    Strategic computerized trading has taken exacerbated fluctuations, they are designed to be triggered by the smallest of trends to capitalize profit taking. They have essentially made the stock market a rigged game. Add to this derivatives and the whole market becomes a house of cards.

    The ironic thing is that those who are profitting the greatest from the market's volatility encourge it. Basically, the financial wizards have taken the value our of the market by rigging it.

    Posted by: garryh | May 20, 2010 5:17 PM | Report abuse

    THE SIX NEW ENGLAND STATES WILL OT SEE UNEMPLOYMENT DROP UNTIL 2013, PRESIDENT OBAMA'S SECONT TERM.
    IF REPUBLICANS KEEP EXPORTING MANUFACTURING JOBS, WE MAY SEE 40% UNEMPLOYMENT. CONVERSELY STATED, A 40% DECLINE IN CONSUMERS SPENDING MONEY TO SUPPORT OUR ECONOMY. 40% LESS INCOME TAXES FOR POLITICIANS TO SQUANDER.

    Posted by: laurelphoto | May 20, 2010 5:25 PM | Report abuse

    Money McBags takes on the markets again today in his 5/20/10 Midafternoon Report:

    http://whengeniusprevailed.blogspot.com/

    Bottoms Up,

    Money McBags

    Posted by: moneymcbags | May 20, 2010 5:29 PM | Report abuse

    zippyspeed, look how brain dead you Republican lunatics are. Because you said:
    "we protect Europe.."

    1st, IF we were "protecting Europe..." THEN Europeans would be paying us a Tax for doing this but instead about 50Bill Dollars of American Tax payer goes every year to Europe to base US troops in Europe. Last time I checked our police dept in my city is supported by our Taxes and it does not pay us money to protect us.

    2nd, who the HEK are we protecting Europe from?

    3rd, Europe are much richer than Americans as evident by Euro being so much more valuable than US Dollar as evident by Europeans all having Universal health care, etc. so if they wanted to spend more on "protection" they easily can.

    Much more on Gargantuan US Military budget is and how the right-wing Media in US does not talk about it here:
    http://anoox.com/blog/Real_News.34029

    Posted by: WorldTraverler | May 20, 2010 5:29 PM | Report abuse

    JAW BONING BY POLITICIANS AND HOT AIR CAN ONLY HOLD UP A BALLOON OR STOCK MARKETS FOR A LIMITED AMOUNT OF TIME. EVEN OPTIMISTS MUST ACCEPT REALITY OCCASIONLY.

    Posted by: laurelphoto | May 20, 2010 5:30 PM | Report abuse


    Just goes to show you that all of the rosie news about how the economy is recovered and getting better is not true. The USA cannot recover without global recovery, since it is a global economy. Europe is in the beginning of a crisis with the Euro weakening, all of which is from the shananigans of the USA.

    My hunch is that Europe is in the same boat as the USA, with the government unwilling to cut spending and the budget still at the level as when there was robust revenue due to a booming economy.

    The global economy busted when the mortgage balloon burst in the USA, but governments are still budgeting at the same level as when there was record revenue.

    The fat cats also know that they will be bailed out when the market slumps--since they are "too big to fail". Uncle sugar daddy will bail out the market (and Greece, and the Euro) so that the fat cats will not have to use their own money or liquidate assets.

    Posted by: maphound | May 20, 2010 5:43 PM | Report abuse

    Impeach him now!!!!

    Posted by: charing60 | May 20, 2010 5:51 PM | Report abuse

    Stocks plunge at closing because of Obama’s Democrat federal regulations bill, or Greece debt impact, or more Obama spending for Mexico, or more and more jobless claims by unemployed Americans.

    Don’t blame the stock plunge on Sachs or other dishonest business practices of high financers. The bottom has fallen out of the U.S. economy due to far left liberal Democrats implementing an Obama administration that under minds American private enterprise and industry foundations on capitalism and for profit organization while impost socialism of national government health and federal regulations to redistribute wealth arbitrarily by government dictate.

    Socialism is a valid label for describing the occurrence of events over the past year and a half of the Obama administration. What is selling a U.S. federal “bailout” automaker to a foreign country of Fiat automaker of Italy? It is not liberty or death; it is more like economic survival by bailout money from taxpayers. What happens when taxpayers run out of money?

    Posted by: klausdmk | May 20, 2010 5:53 PM | Report abuse

    None of this the Obama Administration doing. This all started under George dumb as BUSH who we can all agree caused this mess. It took eight years for us to get in this mess and will take time to recover. The same people who are blaming the current Administration needs to give them credit when the markets recover, my guess is tomorrow it will be back up to normal numbers. Anything spooks the markets. I am a small business owner and I see thing getting better. AGAIN it will take some time. To recover from how Bush raped us all.

    Posted by: Mike425 | May 20, 2010 5:54 PM | Report abuse

    None of this the Obama Administration doing. This all started under George dumb as BUSH who we can all agree caused this mess. It took eight years for us to get in this mess and will take time to recover. The same people who are blaming the current Administration needs to give them credit when the markets recover, my guess is tomorrow it will be back up to normal numbers. Anything spooks the markets. I am a small business owner and I see thing getting better. AGAIN it will take some time. To recover from how Bush raped us all.

    Posted by: Mike425 | May 20, 2010 5:56 PM | Report abuse

    None of this the Obama Administration doing. This all started under George dumb as BUSH who we can all agree caused this mess. It took eight years for us to get in this mess and will take time to recover. The same people who are blaming the current Administration needs to give them credit when the markets recover, my guess is tomorrow it will be back up to normal numbers. Anything spooks the markets. I am a small business owner and I see thing getting better. AGAIN it will take some time to recover from how Bush raped us all.

    Posted by: Mike425 | May 20, 2010 5:58 PM | Report abuse

    If anyone thinks that we will put the Republicans back in power in November, YOU are CRAZY. We threw those bums out and America is not going to go backwards. After November, it will be the end of the Tea CRAZY party aka republicans party.

    Posted by: Mike425 | May 20, 2010 6:01 PM | Report abuse

    oh it's the presidents fault - there is fear in the market - riots in Thailand - economic unrest in Greece. don't you fools see it is all market manipulation!!!

    how many stocks are traded each day? that's not folks like me and you calling in trades or even making changes to our 401ks. those are moves made by players big enough to impact the market as a whole. Just 2 weeks ago one firm made trades that sent the entire market into a frizzy. The whole system is legal gambling and the house sheats!!!! what the Goldman Sachs issue about? they sold you one thing, and bought another to profit off a known bad deal. Oil prices balloned when supply was at record highs. there was never a shortage, but the futures market drove prices sky high and they still have not gone down to a equilibrium price.

    The stories are endless and all i've mentioned is the last 4-weeks.

    Posted by: oknow1 | May 20, 2010 6:06 PM | Report abuse

    "The Dow suffered the biggest one-day percentage drop since the crash of March 2009."

    Maybe someone already corrected this, but it was the biggest daily point drop in the Dow since February 10, 2009, to be exact. The market dropped about 382 points that day.

    I sure didn't see this correction coming. I luckily timed it pretty well in 2008. I got my retirement funds out when the Dow was at 12,000 and got back in on the way up at 8,000. I have no feel for the depth of the European problem though. Too bad we little people don't have the research and numbers available to the big traders who control the markets. We find out a day late all the time.

    This looks bad right now, but I have no idea how bad it's going to get.

    Posted by: Bluefish2012 | May 20, 2010 6:15 PM | Report abuse

    As much as I hate the token and his cosmo swilling "wife", he sure is making me a bucket of money! Just keep betting against him and you'll be rich too!

    Posted by: ItsOver2 | May 20, 2010 6:22 PM | Report abuse


    Meow! The WALL STREET FAT CATS are MEOWING at you!

    Remember that they did this the last time. Every single announcement of government intervention in the form of new regulations immediately resulted in astonishing drops in the stock market as the Wall Street Fat Cats got their dear dear money out of the reach of Federal regulators.

    This is no different. They're making their feelings known.

    MEOW! MEOW!

    The Wall Street Fat Cats are demanding MORE MORE MORE. Translation? FEED MEEEEEEE.

    ...with your taxpayer dollars and your job losses and mortgage misery: with your suffering.

    Just wait until tomorrow when the Wall Street Fat Cats read the fine print and discover that now they don't get fed until they clean up their own kitty litter!

    Now that they aren't allowed to make a stinky mess and expect to be fed, Bad Kitties will shred your furniture.

    And they'll do it right after they're done trashing the DAX because those naughty Germans banned "naked short sales".

    Meow.

    Posted by: thardman | May 20, 2010 6:59 PM | Report abuse

    I see the usual hatred from the right is alive and well in this room. How convenient your short term memory truly is. Wasn't it just two years ago the economy was facing another great depression at the hands of "w" and Obama's stimulus was going to save the economy? Well, it has - to the extent right-wingers would allow. We need a second, even larger stimulus this time, something to give confidence to the markets.

    Oh, and as for all of your hypocritical candor regarding deficits, don't forget that "w" started two unfunded wars and an unfunded Medicare Prescription Drug Benefit and in the process grew our debt from $4 TRILLION to over $12 TRILLION.

    But, I forgot, you have short term memories.

    Posted by: dc1020008 | May 20, 2010 7:01 PM | Report abuse

    Ignore any inflation numbers coming out of the the Bureau of Labor Statistics. They are a lie.

    U.S. inflation is being tracked by the price of gold. Gold is up about 300-400% since 2001. The Federal Reserve is flooding the country and the world with Federal Funny Money. Look for more investment bubbles after this stock market correction. And look for Wall Street to get richer and richer as their friends at the Fed continue to feed Wall Street.
    .
    .

    Posted by: hz9604 | May 20, 2010 7:19 PM | Report abuse

    Why is there never any disagreement over the causes for stock market fluctuations - is everyone just parroting the NYT? Sure it seems reasonable that the EU's sovereign debt problems are negatively effecting the markets - but what about that "flash-crash" on May 6? That has to be very unsettling for investors. It doesn't help that the SEC "is looking into it". How many times are people willing to be burned by proprietary market manipulations before they lose all confidence in the basic fairness of the stock markets - particularly the NYSE. GSux still has their HST super-computer directly coupled to the systems running the exchange. The SEC has been "looking into" that for well over a year. Nothing has been done, nor is there any indication that anything will be done. These types of operations are nothing but siphons sucking money out of the market w/o benefiting anyone - except GSux. They basically have a license to steal issued to them by the NYSE and the SEC. Maybe the good people of the WaPo should do some actual investigative journalism. Stop copying.

    Posted by: tm13 | May 20, 2010 7:33 PM | Report abuse

    So skittish! A nervous market is a healthy market. C'mon people, grow a set.

    Posted by: theFieldMarshall | May 20, 2010 7:38 PM | Report abuse

    Be afraid, be afraid. That Obama guy wants to ruin the world starting with our country. This has only happened because of President Obama. No other President of the United States has ever had this problem. He is doing this all by himself!!!!!

    Posted by: catmomtx | May 20, 2010 7:42 PM | Report abuse

    BS! Stocks tumbled, because they are throwing a fit for Congress trying to regulate them. They did it before on the same afternoon that Congress voted to break-up the big banks...the vote failed. I can tell you that this "financial reform" bill does not go nearly far enough to rein in Wall Street's corruption!!!

    Posted by: TotalRecall | May 20, 2010 7:42 PM | Report abuse

    Sorry, the rust on my Truck has stopped spreading, so no worries. So I say, damn the Debt in Greece, Let it ride!

    Posted by: jralger | May 20, 2010 8:04 PM | Report abuse

    Another question - Why is it that tea potty republicans believe they can pursue the same tired old agenda starting from any point in time and space? If their drill baby drill mantra gets them knocked into orbit around Mars, they just plot a new course that will take them back up the President's backside. To quote their silly leader: "We don't need more studies, we just need drill baby drill". They take no affront from an independent scientific study that specifically cites the need for more study before continuing OCS drilling - they just ignore it. I don't trust the government very much - but I trust BP and the tea potty people about one one-trillionth as much.

    Posted by: tm13 | May 20, 2010 8:05 PM | Report abuse

    Didn't WAPO have an article last week or so that the 700 point drop occurred while Goldman was testifying at Congress and Goldman's computer trades sank the market? And today as the Senate tries voting again on "reform" those computer trades sank the market again?

    Posted by: hc2254 | May 20, 2010 8:23 PM | Report abuse

    Didn't WAPO have an article last week or so that the 700 point drop occurred while Goldman was testifying at Congress and Goldman's computer trades sank the market? And today as the Senate tries voting again on "reform" those computer trades sank the market again? In other words, Goldman says if we try to regulate them they will sink the economy. Don't test me Congress.

    Posted by: hc2254 | May 20, 2010 8:24 PM | Report abuse

    With Calderon, Obama took sides against his people.

    http://www.youtube.com/watch?v=OgOm258F0fk

    Posted by: grunk | May 20, 2010 9:09 PM | Report abuse

    Meow! The WALL STREET FAT CATS are MEOWING at you!

    Remember that they did this the last time. Every single announcement of government intervention in the form of new regulations immediately resulted in astonishing drops in the stock market as the Wall Street Fat Cats got their dear dear money out of the reach of Federal regulators.

    This is no different. They're making their feelings known.

    MEOW! MEOW!

    The Wall Street Fat Cats are demanding MORE MORE MORE. Translation? FEED MEEEEEEE.

    ...with your taxpayer dollars and your job losses and mortgage misery: with your suffering.

    Just wait until tomorrow when the Wall Street Fat Cats read the fine print and discover that now they don't get fed until they clean up their own kitty litter!

    Now that they aren't allowed to make a stinky mess and expect to be fed, Bad Kitties will shred your furniture.

    And they'll do it right after they're done trashing the DAX because those naughty Germans banned "naked short sales".

    Meow.

    Posted by: thardman | May 20, 2010 9:19 PM | Report abuse

    President Obama is Republican tool - Democrats that follow him will fail just like him.

    Posted by: question-guy | May 20, 2010 9:34 PM | Report abuse

    Looks like the economy is headed the direction Obama/Soertoro/Or whatever his real name is intended.No one could do this to America unintended.Someone did this intentionally. In my opinion who ever did this is a Traitor.There are many of "The Enemy Within" in charge of this country intentionally doing damage daily.Enough of them to keep the Courts busy for at least 50 years.RICO STATUTE INVESTIGATION ! ! ! LET THE CHIPS FALL WHERE THEY MAY ! ! !

    Posted by: Imarkex | May 20, 2010 10:03 PM | Report abuse

    @markex
    Yeah, it's a big mystery. Who drove us off the road into the bushes?

    Posted by: tm13 | May 20, 2010 10:29 PM | Report abuse

    Is there anyone in the FBI bold enough to investigate this Treason? It will get real messy if We The People have to do the Investigation.

    Posted by: Imarkex | May 20, 2010 10:45 PM | Report abuse

    The roots are deep and wide.They must be stopped or "We will have no country left! Not one country!" Dr. Michael Savage

    Posted by: Imarkex | May 20, 2010 10:50 PM | Report abuse

    We The People are bold enough.Count on it.

    Posted by: Imarkex | May 20, 2010 10:58 PM | Report abuse

    @markex
    Oh no - not another we-the-people. Did you know that listening to dribble from "Dr." Michael Savage is known to cause brain rot?

    Posted by: tm13 | May 20, 2010 11:20 PM | Report abuse

    "Employees determine 90 percent of most businesses profitability"


    I wonder about the recently released study that states "These companies have been profitable for their owners and shareholders not only while being profitable for their employees, but because they have been profitable for their employees” Jody Heymann, the study’s author, said in a release. “These firms have been able to do this for a simple reason. How work is structured, how it is rewarded, and how workplaces encourage employee engagement are all central to the profitability of firms and to the quality of the daily lives of working men and women. Employees determine 90 percent of most businesses’ profitability.”Makes me wonder If this Harvard study will ever get any traction. On another note any one out there know anything about this http://www.best-americanbusiness.com/ The review I read said that they plan to make
    it the wiki of American businesses. Wondered If anyone out there knows any thing more about them.

    Posted by: Loxinabox | May 21, 2010 11:47 AM | Report abuse

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