Dow Ends Down 250 Points after Super Committe Deal Failure~ UI Extensions in Jeopardy

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Post by Guest on Mon Nov 21, 2011 2:09 pm

All local and national stations are reporting the Dow has dropped 300 points as of Noon, due to the failure of the Super Committee and the continued worries about Europe.


What's it going to take D.C.?

And they claim the unemployed and 99ers are lazy! Time for us to put a few of our elected officials under the microscope, and rip up the Grover Norquist Pledge.

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 Dow Ends Down 250 Points after Super Committe Deal Failure~ UI Extensions in Jeopardy Empty Re: Dow Ends Down 250 Points after Super Committe Deal Failure~ UI Extensions in Jeopardy

Post by Guest on Mon Nov 21, 2011 7:23 pm

The stock market was not exactly surprised that a so-called supercommittee in Congress failed to reach a deal to cut the federal budget deficit. But since summer, investors have sold at the first hint of trouble.

So on Monday, they sold big. The Dow Jones industrial average lost almost 250 points on a day when investors despaired over debt problems at home and abroad.

In addition, the failure raises the question of how a gridlocked Congress will find a way to renew a cut in the Social Security tax or agree on whether to extend long-term unemployment benefits.
http://news.yahoo.com/supercommittee-sell-off-dow-loses-almost-250-212755088.html

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