Dow, S & P Reach Important Downside Targets
http://www.marketwatch.com/news/story/dow-sp-500-approach-important/story.aspx?guid={2D3E860B-AD90-4E08-8FB1-C2AC2178560A}&dist=news
Dow, S&P reach important downside targets
Before detailing the U.S. markets’ wider view, the S&P 500’s hourly chart highlights the past three weeks.
From the Sept. 19 peak to Monday’s close, the S&P has plunged 257 points.
That’s a brutal, 20% bear market across just 12 market sessions.
In Monday’s action, the index bottomed just above the 1,000 mark before rising to close at 1,056.
Meanwhile, the Dow industrials have also been crushed.
In its case, the index has plunged 1,946 points from the Sept. 19 peak to Monday’s close, marking an ugly 17% drop across just 12 market days.
Monday’s close came in at 9,955 marking its first finish under the 10,000 level since Oct. 26, 2004.
October 9th, 2008 at 8:29 am
http://www.theweek.com/article/index/89588/3/3/McCain_self-destructs
A worthwhile read
October 9th, 2008 at 9:04 am
http://elections.foxnews.com/2008/10/09/palins-husband-pushed-trooper-fired-documents/
Another worthwhile read.
October 9th, 2008 at 1:43 pm
I posted this on another thread, but feel it’s worth posting again:
I haven’t posted for a long time, but if any of you remember my posts, you know I am NOT a McCain supporter.
But at this point, We’ve got a country to save here, people.
Let me give you just a little taste of what the Obama Truth Squad has already inflicted on MY extended family:
http://www.msnbc.msn.com/id/27075121
Mike is my brother-in-law’s cousin and a finer man you can’t find anywhere. He was just nominated to run for sheriff again with over 90% of the GOP primary vote. He enjoys huge bipartisan support throughout our county.
Which is why I am VERT suspicious of all these “phone calls.” I can assure you the majority weren’t from Lee County.
I cannot even begin to tell you what a upstanding man Mike is and what a wonderful family he has - his wife Christa, and his daughters Mackenzie and Lindsey. They are unpretentious people & just a picture-perfect all American family.
I’m talking with my sister right now. Those harpies on The View trashed Mike like crazy today. The phone calls Mike & Christa have gotten at their home have been downright scary!
They don’t deserve this at all.
Mike has a spine of steel. He will not back down. He’d rather lose his job than apologize to these jerks.
However, I am certain this is what we can expect from an Obama presidency.
This has convinced me to support McCain.
You can write in Mitt if you want.
October 9th, 2008 at 2:22 pm
McCain and Obama react to another 650+ drop. But we need real answers to the problem.
Where is Romney?
October 9th, 2008 at 2:32 pm
McCain is still trying
http://philfiles.blogspot.com/2008/10/mccain-peddling-at-soup-lines.html
October 9th, 2008 at 3:14 pm
Marybeth… I’m a little slow here but I didn’t quite understand that article. What are they claiming Mike Scott did wrong? Just said Barack “Hussein” Obama? That’s not illegal is it? What am I misssing here?
October 9th, 2008 at 3:29 pm
I think it had to do with him wearing his POLICE uniform . . . at a political rally while up on stage.
October 9th, 2008 at 3:30 pm
and giving a political - speech
October 9th, 2008 at 3:32 pm
Oh I see. Thank you so much Stephen
October 9th, 2008 at 3:52 pm
He said Barack Hussein Obama’s full name and this is what he gets:
Under the pressure of a slew of “phone calls,” the U.S. Office of Special Counsel are investigating Mike under the Hatch Act. It’s a federal election law that forbids elected officials to use their position to influence an election.
First of all, doesn’t that disqualify any elected official from publically supporting a candidate?
He was wearing his uniform when he gave his speech at Sarah Palin’s rally Monday.
I guarantee most of those phone calls didn’t come from Lee County. Mike enjoys amazing bi-partisan support here. He just won the GOP nomination against a former sheriff with over 90% of the primary vote. In 2004, he won the general election with I think 67%, and is poised to win overwhemingly again.
Anyway, I’m scared for Mike and his family. He has 2 beautiful daughters and a lovely wife, and they’re an amazing family.
Not only does Mike now have to pony up legal fees to defned himself, his family is now exposed to danger.
All for saying The One’s middle name.
This makes me so sick.
This is just a taste of what is to come if Obama gets in.
Which is why, as much as I don’t like McCain, I will support him.
Obama HAS to be defeated.
When it hits your family - even your extended family by marriage - it hits home really hard.
October 9th, 2008 at 4:20 pm
Alaska Supreme Court won’t halt Palin probe:
http://politicalticker.blogs.cnn.com/2008/10/09/alaska-supreme-court-wont-halt-palin-probe/
October 9th, 2008 at 5:08 pm
What is our country coming to? *sigh* There’s so much wrong going on. This and the voting fraud. The One is behind it all too.
October 9th, 2008 at 5:09 pm
Marybeth,
If I thought we could somehow drag McCain across the finish line ahead of Obama I would still be on board. My feeling is that JM is so inept that he is going to lose this election to arguably the most radical presidential nominee ever.
My continuing to support McCain will just send a signal to the RNC that they can continue to offer us candidates who will not end the pork, cut entitlements and work to weed out the corruption in Washington. Since I believe McCain will be defeated anyway, why not take the opportunity to let the Party brass know that we want a real conservative next time around?
Finally, I just don’t trust McCain to safeguard the Constitution in the way I would like to see it protected. He is a loyal American, he just sees some things so much differently than I do. Cases in point, the illegal alien amnesty bill from 2007 and the so called campaign finance “reform” bill.
October 9th, 2008 at 5:16 pm
I understand your feelings, John, because I have felt the same way about McCain.
But Obama will be a heck of a lot worse.
I can’t emphasize enough how horribly this whole thing with Mike has hit my family & me.
I’m uneasy about the possibility of us being able to drag McCain across the finish line, too.
But at least we have a much better chance to fight for this country with McCain in the White House than with Obama and his Saul Alinsky, Marxist cronies.
Yes, voting for McCain is the lesser of 2 evils. It’s not very satisfying to support someone like that.
But the degrees of separation between the lesser evil and the bigger evil are so HUGE, I can’t see not voting for the lesser evil.
You may as well give your vote to Obama if you live in a swing state.
I for one am not giving that thug my vote and my state.
October 9th, 2008 at 5:24 pm
Oh, and FAIR & CAIR (where Obama has gotten some of his lawyers from) have published their list of Islamophobia smearcasters:
http://michellemalkin.com/2008/10/09/badge-of-honor-islamophobias-dirty-dozen/
If Obama gets into office with a continuing Democrat majority in Congress, these people will be silenced with a few votes (if that even gets to happen) and a stroke of his pen. The Fairness Doctrine will become law & kill talk radio.
Then they’ll come after the blogs like this.
I would guarantee McCain would never sign the Fairness Doctrine into law.
October 9th, 2008 at 6:53 pm
McCain to senile to even run a campaign, let alone sign the’fairness’ doctrine.
I am really looking forward to 4 years in exile. It should prove to be fun, as we shake it all out and start to rebuild.
This is much more important to me, than to have McBarbie in the whitehouse. Our country will fall under the weight of bigotry, if it is not stopped NOW.
They do not care about us, just about them.
October 10th, 2008 at 6:16 am
Japan To Propose Bailout Fund at G-7
By YURI KAGEYAMA, AP Business Writer
Fri Oct 10, 3:34 AM ET
http://news.yahoo.com/s/ap/20081010/ap_on_bi_ge/as_japan_bailout
TOKYO - Japan is set to propose to the world’s leading industrialized nations that a joint fund be set up to give emergency loans to nations hit by the growing financial crisis, the finance minister said Friday.
Japanese Finance Minister Shoichi Nakagawa said he is set to make the proposal at the Group of Seven meeting of finance and central bank officials that he is attending in Washington.
“Japan would like to see what it can do to work with other countries to ensure ample capital supply,” he said on nationally televised NHK news.
He did not give details of the plan. But he said Japan’s experience in dealing with its bad debt crisis in the 1990s may offer lessons for the other G-7 nations.
Japan’s proposal will call for setting up a cooperative scheme through the International Monetary Fund to dole out emergency lending to nations whose financial systems run out of cash, The Nikkei, Japan’s top business daily, reported in its Friday’s editions, without citing sources.
China and Middle Eastern nations will also be asked to contribute money to the fund, the report said, in an effort to prevent the further spread of the global fallout from the U.S. credit crisis.
October 10th, 2008 at 9:13 am
The market is no game although our politicians treat it that way. A bad day on Wall Street means US citizens get uncomfortable about their return on investments. The global result, is that people in third world countries starve.
October 10th, 2008 at 9:17 am
Marybeth:
I don’t get it either- Arizona’s very vocal Sherrif Joe Arpaio campaigned openly for Mitt Romney and still does for others. I’ve seen him speak at rallys. In the end, what’s the difference - uniform or not?
October 10th, 2008 at 10:54 am
Stefany, it’s called intimidation . . . pure and simple.
Only a tast of what is to come if heaven forbid this man gets into office.