Monday, August 08, 2011

DJIA, S&P Futures: UGH


To put this in the proper perspective over the last ten trading days we have gone from 1328 on the S&P to 1081, a loss of nearly 19%!

The DOW has gone from 12458 to 10450 - a loss of nearly 20%.

The Russell is down more than 20%; that barrier, incidentally, defines a "Bear Market."

As of 9:15 PM CDT, Dow futures were off 264 points from today's close.  S&P down 28 from today's close.

That's something that Obozo did NOT "inherit."


J. Strupp said...

Nope. You're correct 100%.

He made his bed. Now he's gonna get launched next year and he deserves every bit of it.

1937 all over again.

Al said...

Knowing Obama, he'll still try & blame it on the Tea Party &/or Bush.

Amy said...

They've already continued the "It's the TEA PARTY/BUSH'S fault!" argument.

It's a failure.

THEY'RE in charge and Democrats have held everything in some form since 2006. Their childish attempt to avoid responsibility is both sad and laughable.

Anonymous said...

So now it's a big deal, huh, Dad29? You had previously said the Dow was overpriced. Just a market correction.

J. Strupp said...

When are you gonna stop playing the victim card and come up with some new material Amy? If we wanted to hear about the victimization of the poor, underappreciated Republican we'd watch Fox.

Dad29 said...

Anony: I thought it was overpriced at 12K.

But I don't like free-fall, no matter the price. Tends to make people jumpy.

BTW, in a 2-hour period, all the indexes (here and in Europe and Asia) reversed the fall.