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Stocks Plunge Worldwide Dow's 6th-Worst Loss in History
08-09-2011, 12:58 AM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,279 Threads:1,438 Joined:Feb 2011
Quote:The stock market buckled Monday under the weight of a crisis in Europe and danger of recession at home. Reeling from a downgrade of American debt, the Dow Jones industrials plunged 634 points.

It was the worst day for the market since the financial crisis in the fall of 2008 and extended Wall Street's sudden, sharp decline. Stocks have lost 15 percent of their value in just two and a half weeks.

Monday was the first trading day since Standard and Poor's downgraded the United States' risk-free credit rating, and the selling started at the opening bell. The Dow dropped 250 points in minutes. For the rest of the day, investors looked for safer places for their money. With few buyers left for stocks, the market could only drift lower.

The Dow finished the day down 5.5 percent. The point decline was the worst since Dec. 1, 2008, and the sixth-steepest ever. The average ended at 10,809.85, its first close under 11,000 since November.

In a bit of irony following the S&P downgrade, investors decided U.S. debt was one of the safest places to be. They also sought refuge in gold, which set a record price.

Read more : http://www.thenewstribune.com/2011/08/08...s-6th.html


Gold reached $1,704.25 per ounce today drinking.gif

wonder.gif
08-09-2011, 01:18 AM #2
Kreeper Griobhtha
Posts:10,593 Threads:633 Joined:Feb 2011
.


Light, sweet crude for September delivery settled down $5.57, or 6.4%, at $81.31 a barrel on the New York Mercantile Exchange, its lowest finish since Nov. 23.


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I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
08-09-2011, 01:20 AM #3
Kreeper Griobhtha
Posts:10,593 Threads:633 Joined:Feb 2011
That was probably over fears of decreased demand. They must really be expecting the caca to hit the high output turbo fan.


13.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
08-09-2011, 01:23 AM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,279 Threads:1,438 Joined:Feb 2011
Gas is almost €2,00 a liter here, it never EVER goes down regardless of the price of oil. gaah.gif We said ƒück all forms of vehicles, got rid of our car and have never been happier.

wonder.gif
08-09-2011, 01:27 AM #5
Kreeper Griobhtha
Posts:10,593 Threads:633 Joined:Feb 2011
I could imagine. It would be awful difficult to get around here. Especially being 6 miles out of town. And even more so on those sub 0 winter days.


chuckle.gif



I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
08-09-2011, 01:29 AM #6
Kreeper Griobhtha
Posts:10,593 Threads:633 Joined:Feb 2011
Looks like gas went down about 5 cent here. That oil price was for September futures though.


.

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
08-09-2011, 01:31 AM #7
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,279 Threads:1,438 Joined:Feb 2011
Future are falling all over, this is a blessing for consumers.

wonder.gif
08-09-2011, 01:36 AM #8
Kreeper Griobhtha
Posts:10,593 Threads:633 Joined:Feb 2011
If by blessing you mean awful lubrication, then yes.


chuckle.gif


When Canada lost their AAA rating, their market grew 15% in value. Japan's grew 25%.

Go figure.

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I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
08-09-2011, 02:02 AM #9
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,279 Threads:1,438 Joined:Feb 2011
But what happens when Canada looses it's AAA batteries? beerbong.gif

wonder.gif
08-09-2011, 02:05 AM #10
Kreeper Griobhtha
Posts:10,593 Threads:633 Joined:Feb 2011
(08-09-2011, 02:02 AM)JayRodney Wrote:  But what happens when Canada looses it's AAA batteries? beerbong.gif

Doesn't matter. Who needs a vibrator when there are so many dildos around?


chuckle.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
08-09-2011, 02:19 AM #11
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,279 Threads:1,438 Joined:Feb 2011
(08-09-2011, 02:05 AM)Kreeper Wrote:  
(08-09-2011, 02:02 AM)JayRodney Wrote:  But what happens when Canada looses it's AAA batteries? beerbong.gif

Doesn't matter. Who needs a vibrator when there are so many dildos around?


chuckle.gif

İmage rofl.gif beerbong.gif


wonder.gif



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