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
Liberal economics work and work well
It brought us out of the depression and created the middle class. Eisenhower taxed the rich at 91% and the economy grew. Kennedy cut loopholes and raised taxes on the wealthy even more, the economy grew. Bush and Reagan cut taxes on the wealthy and the economy tanks and the debt is $11 trillion. So history proves you wrong.When did "Mr Peanut" resort to socialism to fix the economy? I believe you would take the Bush economy over Carter's. You are a socialist just like Bush.
There is no sense in talking to a brainwashed liar like you. People like you are irrelevent. We liberals will control everything with a filibuster proof congress and a liberal supreme court. You have no say in how America is governed. You fascists will never again take control and try to destroy my country. You will behave and keep your mouths shut while we true Americans try to clean up your mess.
- parent
By hufflarry2000October 15, 2008 - 7:38pm