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Wednesday, January 21, 2009

U.S. Stocks Tank On Pbama Inauguration

The U.S. Financial Market TANKED on Tuesday which - huh, coincidentally - was Inaugural Day Pushy Sunshine Smile Day.

From From Bloomberg:

    U.S. stocks sank, sending the Dow Jones Industrial Average to its worst Inauguration Day decline, as speculation banks must raise more capital sent financial shares to an almost 14-year low.


    The S&P 500 plunged 5.3 percent to 805.22. The S&P 500 Financials Index fell 17 percent to below its lowest closing level since March 1995 as concern European banks need more capital also weighed on the group. The Dow average slid 332.13 points to 7,949.09. Both the Dow and S&P 500 retreated to two- month lows.

    The S&P 500 is off to its worst start to a year, shattering the biggest rally since World War II, as analysts cut earnings estimates by a record 83 percentage points and companies signal worse to come.

Hope 'n Change, people...Hope 'n Change.

Click on the Labels below for additional reading on Market failings all directly related to The Affirmative Action Illegitimate Prednint-In-Training Barack Hussein Pbama, Junior.


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Curious that nowhere in his speech were the words YES WE CAN or CHANGE. There were, according to estimates, some TWO MILLION people in Washington to hear and see the Inauguration.

Change we cannot believe in, Obama is human like all of us and it's not the government that is going to save our sorry asses.

Once the dust is settle down, every leftist is going to jump into the bandwagon to get his or her socialist piece of Obamapie. There won't be enough for everyone and Obama will be going down faster than the Dow Jones, it's almost written in the sky.


Tym Machine
Good insight Tym. We'll see where the market averages at the end of this year. As the Challenger-Christmas-Grey story (a few posts down) notes that the US can expect at least another million job losses this year. This is in Obama's lap, Bush won't be around for the Libs to blame.

Thanks for visiting and commenting, my friend.
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