Dow(n)! Weak Manufacturing and Retail Drive Woe
Flickr: Creative Commons by Jef Poskanzer
The Dow Jones Industrial Average followed global markets down the rabbit hole again today, with weak manufacturing numbers and tepid retail figures driving the market down as fears of a recession took hold first in Europe and then in US markets.
At the closing bell, the Dow was down more than 730 points, with the Nasdaq off by 150 points. The net effect is possibly the market re-testing the bottom of 8500 established last week. The question mark here is whether of not that bottom will hold.
Look to Asia overnight for the answer.
- FILED UNDER: Finance, $700 Billion Bailout, Economy, Fed, Wall street
- October 15, 2008
For fuck's sake, get a few
For fuck's sake, get a few more catchphrases to cut and paste, your current stash is getting a little stale.
The only thing raising taxes has been ever proven to do is to destroy the economy. Ask your pal Mr. Peanut, I'll take Bush's economy over his any fucking day of the week.
And please, how the fuck is taxing some people at 50% while taxing others at -10% (paying them to be failures) "fair"? The rich already pay the vast majority of taxes in this country, they already pay MORE than their fair share. What's your definition of "fair" other than "more"?
You fuckheads know nothing of "fair". You just have your sack of catchphrases (fair, change, hope, blah, blah, blah) that you throw out there whenever you can't justify your commie ideas.
Robin Hood economics does not work, it will only make everybody poor.
- parent
By 96815October 15, 2008 - 7:24pm