The Dow plummeted over 500 points for the third time in the last 5 trading days.

The AP reported:

Stocks are falling at the close of trading as investors’ attention returns to the weak economy and Europe’s debt problems.

The Dow Jones industrial average is down 519, or 4.6 percent, to 10,720. It’s the third time in the last five trading days that the Dow lost more than 500 points. The S&P 500 is down 51 points, or 4.4 percent, to 1,121. The Nasdaq is down 101, or 4.1 percent, to 2,381.

European bank stocks fell on worries that the region’s debt problems are getting worse. That pulled down U.S. bank stocks. Financial stocks in the S&P 500 lost more than 7 percent.

 

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  2. #2 August 10, 2011 at 3:51 pm

    Fed Up Citizen commented:

    Ok, time for Obozo to go. There’s no going back.

  3. #3 August 10, 2011 at 3:54 pm

    Winston commented:

    Obozo has ruined America

  4. #4 August 10, 2011 at 3:59 pm

    shibumi commented:

    Thanks 52%

  5. #5 August 10, 2011 at 4:01 pm

    Sickofobama commented:

    Soros is going in for the kill.

  6. #6 August 10, 2011 at 4:07 pm

    Cutlers bad knee commented:

    Pull out of the market……Help yourself….. Invest in food, weapons , and ammo……..

  7. #7 August 10, 2011 at 4:11 pm

    SeniorD commented:

    Let’s see:

    1. A 610 point drop 2 days ago
    2. A 463 point rise yesterday
    3. A 519 drop today

    By my calculations, there have been 1129 points lost to only 463 points gained. The overall total is a chilling 668 points DOWN over 3 days.

    The only people likely to be dancing in the street are the Puppet President’s Trust Fund Socialist Puppet Master(s).

  8. #8 August 10, 2011 at 4:17 pm

    Barack Obama commented:

    We are a TRIPLE AAAAAAAAAA NATION. Always have been. Always will be. In fact we have 125% employment. And I saved 15 trillion jobs too!!!
    Gotta run, the party is starting.

  9. #9 August 10, 2011 at 4:17 pm

    Mark1957 commented:

    Sickofobama commented: #5

    Soros is going in for the kill.

    Not only is Soros going in for the kill, but he is making billions doing it.
    http://www.infowars.com/did-soros-bet-1-billion-on-u-s-downgrade-in-july/

  10. #10 August 10, 2011 at 4:17 pm

    Missy8s commented:

    Ah yes, another glorious day of “change” in the “summer of Cloward and Piven” courtesy of President Downgrade and Nanny Psychosi!!!

    How’s that Hype and Che workin’ out for ya’ America!?

  11. #11 August 10, 2011 at 4:20 pm

    Rose commented:

    LOL! USA Stocks falling ~BECAUSE OF EUROPE!~ What a slick story! SO NOT!

    Yeah, Soros must be really celebrating, right now!

  12. #12 August 10, 2011 at 4:20 pm

    Missy8s commented:

    # 7 SeniorD

    You forgot to add in the 1400 points lost last week, about 2000 points total in less than 8 trading days…

    President Downgrade couldn’t find a way out of being a one term(er) even if he held every voter at gunpoint to vote for him.

    He’s done, absolutely zero chance of reelection.

  13. #13 August 10, 2011 at 4:23 pm

    bg commented:

    ++

    Foreclosure Fraud

    crazy old ‘(fitb)’ lady me saw (warned) this coming years back.. *sigh*

    Feds seek ideas on renting foreclosed homes owned by government

    hey, i got a terrific idea, how about selling them to foreign investors like SA
    or China, why not, they own half of everything.. including the government,
    by now anyways.. /s/

    Welcome To Our Future Generations NWO

    don’t believe me, check it out for yourself..

    ==

  14. #14 August 10, 2011 at 4:27 pm

    Missy8s commented:

    This is how detached from reality President Downgrade is he actually said these words on April 6th 2010…

    “If you’re complaining about the price of gas and you’re only getting eight miles a gallon, you know, you might want to think about a trade-in.”

    Translation: “Let them eat cake!”

  15. #15 August 10, 2011 at 4:44 pm

    bg commented:

    ++

    Mark1957 #9

    imho you can bet Goldman Sachs was somehow involved..

    [please scroll for more @ link, thank you..]

    more bs, uh, gs here, uh, no no no, i mean here.. /s/

    [Rochdale Securities' Dick Bove upgraded shares of Goldman
    Sachs (NYSE: GS) from Sell to Neutral Wednesday morning.

    Bove, who recently nailed it with his "sell everything" call just before
    last week's sharp decline, had a $120 price target on Goldman shares.
    Looking at a chart of this week, you can see Bove was just about right
    on.

    According to StreetInsider.com's Ratings Insider portal, any investor who
    began shorting the stock when Bove downgraded it on May 12th would
    have caught a very nice 17 percent gain.]

    [scroll for more, or not, @ link..]

    ==

  16. #16 August 10, 2011 at 4:45 pm

    James commented:

    obama is the worst president in american history.

  17. #18 August 10, 2011 at 4:51 pm

    bg commented:

    ++

    Missy8s #14

    remember this??

    forget how stupid he is, how stupid are we
    (well, at least half or more if US anyways)..

    ==

  18. #19 August 10, 2011 at 4:56 pm

    Fedup commented:

    Things are going along just as Soros/bho planned.

  19. #20 August 10, 2011 at 5:04 pm

    mike191 commented:

    How many circles of hell are left to this Nation based on the stewardship of President 44?

    The only words I want to hear from his lips are:I resign.

  20. #22 August 10, 2011 at 5:07 pm

    bg commented:

    ++

    uhmm, wonder how the poor Democrats
    & rich Republicans are making out?? /s/

    not to mention these (poor) people.. :P

    ==

  21. #24 August 10, 2011 at 5:15 pm

    Rock commented:

    Obama has been the most effective enemy America has ever fought, and he is still winning.

  22. #25 August 10, 2011 at 5:24 pm

    CommieJuice commented:

    Dear Barack,

    It’s working my son! We are all pulling for you and your continued success. We have a seat of honor for you, right next to Teddy Kennedy and FDR, when you finally get here and join the rest of your people. Keep up the great work commierade.

    -Nikita Khrushchev

  23. #26 August 10, 2011 at 5:27 pm

    Mad Hatter commented:

    Damn Tea Party Terrorists. Oh wait, sorry about that, I had a thrill go up my leg and was having a Chris Mathews moment.

  24. #27 August 10, 2011 at 5:35 pm

    lizzy84 commented:

    Please, little people! Standby and be patient–Fearless Leader is gonna save us all –from the links on Martha’s Vineyard:

    link@ http://blogs.wsj.com/washwire/2011/08/10/obama-to-go-ahead-with-marthas-vineyard-vacation/

  25. #28 August 10, 2011 at 5:53 pm

    SeniorD commented:

    Missy8s,

    Thanks for the correction! I was only going by MSM memory. They don’t seem to remember anything negative about The One, The Only, The Lightworker! so my data set are relatively small.

  26. #29 August 10, 2011 at 5:55 pm

    SeniorD commented:

    C.S. Lewis’ Screwtape Letters have a new edition – the Obama Years!

  27. #30 August 10, 2011 at 6:12 pm

    StrangernFiction commented:

    Obama has been the most effective enemy America has ever fought, and he is still winning.

    I would replace Obama has with The statists have, but otherwise I agree 100% Rock.

  28. #31 August 10, 2011 at 6:30 pm

    WSG commented:

    Soros is smiling.

  29. #32 August 10, 2011 at 6:42 pm

    Militant Conservative commented:

    I’m smiling. Hate to see it happen to America.

    But I’m getting rich off this socialist POS.

    Soon riots will be common due to the welfare

    Scum. It’s all right, when Texas secedes I’m

    Headed home. Obama has not won, he’s made a

    mess of the economy & destroyed the democrat

    party. I don’t loose, especially to the dark angel.

    God helps those who help the selves.

    Powder is dry

  30. #33 August 10, 2011 at 9:51 pm

    Limousine Barry commented:

    Sure, the stock market plunged today – but we are only half-way there!

    Let me be clear, more economic destruction must be achieved! I will not stop until the dollar is equal to one Mexican peso. The Federal Reserve has promised to help. And, so has George Soros and his buddy Van Jones!

    My limousine is running and Barney Frank is in the back. We have some exchanging of positions to do. Good Day.

  31. #34 August 10, 2011 at 10:44 pm

    Joshua Gamen commented:

    It is not too late to buy gold or silver. Yes gold has surges this week and yes there is ALWAYS the possibility of swings either direction in the short term, but the trend with gold and silver has been the same and the forces driving that trend have only increased(government printing more money, turmoil with the currency, high unemployment, corrupt Washington)

    http://youtu.be/47pwZMxczx8

  32. #35 August 11, 2011 at 1:06 am

    Estragon commented:

    While Obama bears his share of responsibility for the conditions, this market is just getting a cold dose of reality all at once. They’ve been coasting on investment bankers flush with bailout funds, admiring earnings inflated by a devalued currency, and generally ignoring the fiscal crisis the entire world is suffering. That Europe cannot possibly save Spain and Italy when they only managed with herculean effort to kick the Grecian default down the road a couple of years should have been evident years ago, frankly.

    Buying gold at this point is pretty risky, as is anything at a high. But buying it from those who advertise on television is for suckers. Likewise local dealers – both will charge you so high a premium to buy AND sell that it would have to top around 2600 or more just to break even. Be cautious and use a calculator.

  33. #37 August 11, 2011 at 4:18 am

    Ausonius commented:

    I submit that whoever still believes the economy is somehow disconnected from the moral integrity of the highest office holder is delusional.
    Don’t tell me about William Jefferson Clinton; were it not for Newt and the boys dragging him kicking and screaming to a ballanced budget, as well as his national health care sham being derailed, there would never have been prosperity during his presidency. The accurate statement of WJC’s role in the 90′s economy was that it prospered in spite of his policies and desires.

    You have to laugh that so many said they were voting for this naked marxist because of the downed economy. Only a woefully uneducated public could be so confused.

    The economy being stagnant or worse under this POTUS was utterly predictable.

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