dow keeps falling and it can’t get up, I think it broke a hip…
*** DOW DEATH SPIRAL™ ***
(DJI: ^DJI)
| Index Value: | 8,175.77 |
| Trade Time: | 4:04PM ET |
| Change: |  203.18 (2.42%) |
| Prev Close: | 8,378.95 |
| Open: | 8,375.92 |
| Day’s Range: | 8143.59 – 8599.10 |
| 52wk Range: | 7,773.71 – 13,990.70 |
DIVE, DIVE, DIVE!
Well Cricketeers, the dow just keeps dropping. This from reuters:
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Wall Street drops to 5-yr lows on economic fear
NEW YORK (Reuters) – Stocks closed at their lowest levels in 5-1/2 years on Monday, extending a global sell-off as worry about the severity of a global recession and the bleak outlook for profits gripped investors.
Trading was volatile and volume was light, with stocks falling sharply in the last half hour of trading. With just four days left in October, the S&P 500 is on track for its worst month ever in the post-World War Two period.
Hedge funds and mutual funds have been dumping stocks to raise cash to meet redemptions from their clients, traders noted, exacerbating the late-day selling.
Shares of energy companies led the decline on bets that a deep global slowdown will sap demand for energy. ConocoPhillips shed 5.8 percent to $45.62 as U.S. crude oil futures slid 93 cents to settle at $63.22 a barrel on the New York Mercantile Exchange.
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SONOFABUSH! So far the corpoRATe welfare bailout has done nothing good. There is a business that’s raking it in though. This from the washingtOOn post:
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Gun Sales Thriving In Uncertain Times
Washington Post Staff Writer
Monday, October 27, 2008Americans have cut back on buying cars, furniture and clothes in a tough economy, but there’s one consumer item that’s still enjoying healthy sales: guns. Purchases of firearms and ammunition have risen 8 to 10 percent this year, according to state and federal data.
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DAGNABIT! Many of my fellow Americans are IDIOTS! WTF!? A gun gives YOU no protection from the economic disaster fools! We need:
CRIMINAL PROSECUTION OF THE corpoRATe THIEVES!
WE NEED A COMPLETE RESTRUCTURING OF OUR POLITICAL ECONOMY!
Click that link to see what need be done, then support and vote NADER for REAL CHANGE!
The Telepathic Crickets™ on the ClapSotronics editorial board and I are sick and tired of the dirty dems and filthy repubs! How about YOU?
Make sure YOU WATCH THESE VIDEOS!
The scientifically impossible I do right away
The spiritually miraculous takes a bit longer
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