Monday, August 08, 2011

Barackalypse Now: Dow Plunges 634 Points, Obama Heads to Fundraisers

He could have been a man and suggested a cut of say, 5 or 10% in federal spending, which may have rallied the markets.

But no, it's all someone else's fault. Obviously, he wants to do more damage.
Stocks plunged Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded American debt.

The Dow Jones industrials fell 634.76 points. It was the sixth worst point decline for the Dow in the last 112 years and the worst one-day drop since December 2008. Every stock in the Standard & Poor's 500 index declined Monday.
But I'm sure tea partiers are to blame or something.

Now it's time to party!

No comments: