Latest topics
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» UF2 Members Chat Thread: Part 3
Mon Jan 19, 2015 4:01 pm by member

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Mon Oct 06, 2014 6:33 am by 

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
December 2016
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar


Dow Plunges 400 Points As Fed Stokes Economic Fears

View previous topic View next topic Go down

Dow Plunges 400 Points As Fed Stokes Economic Fears

Post by Guest on Thu Sep 22, 2011 2:32 pm

Market sentiment has turned decidedly negative since the Fed statement on Wednesday. Though the central bank detailed additional stimulus measures to help push down long-term rates, investors worried the latest plan would have little effect on lending and that there appeared to be few solutions to sluggish worldwide demand.

"The Fed scared the daylights out of people with the term 'significant,'" said Jack de Gan, chief investment officer at Harbor Advisory Corp in Portsmouth, New Hampshire.

"I was surprised ... they're very careful about the adjectives that they pick and that was a very, very strong one."

The Dow Jones industrial average slid 421.93 points, or 3.79 percent, at 10,702.91. The Standard & Poor's 500 Index or 3.22 percent, at 2,456.40 took off 40.29 points, or 3.45 percent, at 1,126.47. The Nasdaq Composite Index tumbled 81.79 points, or 3.22 percent, at 2,456.40.
http://www.huffingtonpost.com/2011/09/22/dow-400-points_n_976095.html

Guest
Guest


Back to top Go down

Re: Dow Plunges 400 Points As Fed Stokes Economic Fears

Post by mistermunster on Thu Sep 22, 2011 3:12 pm

Now with a Gov shutdown looming, this is insane.

mistermunster
Member

Posts : 847
Join date : 2011-02-19
Age : 54
Location : ca

Back to top Go down

Re: Dow Plunges 400 Points As Fed Stokes Economic Fears

Post by Guest on Thu Sep 22, 2011 3:18 pm

mistermunster wrote:Now with a Gov shutdown looming, this is insane.
Can it get much worse? Oh, yes it can, the House is not in session next week - their "District Work Session"! No more Town Halls with constituents unless they pay to get in, someone may ask a question about the economy they can't, or won't answer. Evil or Very Mad

Guest
Guest


Back to top Go down

Re: Dow Plunges 400 Points As Fed Stokes Economic Fears

Post by truth on Thu Sep 22, 2011 6:14 pm

I have always felt that the Fed can do a much better job of slowing down an overheated economy than stimulating an economy that is moving dangerously downward. Interest rates are already near rock bottom, but there is still too much public fear for necessary demand to grow. I think the Fed ran out of ammunition long ago.

I have also always felt that there is a major psychological component involved in recessions as well as in booms. In that regard, I think that it is not been helpful to have public confidence eroded by talk of government shut downs, government "bankruptcy", "failed" stimulus programs, etc.

truth
Member

Posts : 122
Join date : 2011-04-24

Back to top Go down

Re: Dow Plunges 400 Points As Fed Stokes Economic Fears

Post by mistermunster on Thu Sep 22, 2011 8:49 pm

truth wrote:
I have also always felt that there is a major psychological component involved in recessions as well as in booms. In that regard, I think that it is not been helpful to have public confidence eroded by talk of government shut downs, government "bankruptcy", "failed" stimulus programs, etc.

and add DEBT crisis STALEMATE to the Mix and the GOPers have a LARGE clip of FEAR to fire at the little masses to PANIC us all Mad .

mistermunster
Member

Posts : 847
Join date : 2011-02-19
Age : 54
Location : ca

Back to top Go down

Re: Dow Plunges 400 Points As Fed Stokes Economic Fears

Post by JoanB on Thu Sep 22, 2011 8:59 pm

Didn't the Dow do this just a month ago and then climb back up over 800 points? I'm not saying it's not bad, but it seems like with what's going on in Europe, I don't think I believe anyone who says they know where we're headed next, for good or for bad.

And the thing I've noticed about pretty much everything in my life: you can always count on things working according to certain rules. Until they don't.

I'm not watching any more.

Yeah, right. Suspect

JoanB
Member

Posts : 485
Join date : 2011-03-01
Location : Pittsburgh, PA

Back to top Go down

Re: Dow Plunges 400 Points As Fed Stokes Economic Fears

Post by Sponsored content Today at 8:33 am


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum