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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-14-06 10:30 AM
Original message
Yahoo: Stocks drop for 3rd day as oil prices soar
Edited on Fri Jul-14-06 10:33 AM by chill_wind
Stocks drop for 3rd day as oil prices soar

By CHRISTOPHER WANG, AP

"NEW YORK - Surging oil prices pulled stocks lower for a third straight session Friday, with bland earnings at General Electric Co. and weak retail sales dampening the economic outlook. The Dow Jones industrial average has lost more than 300 points this week.

Crude futures reached a record $78.40 a barrel as
Israel intensified its attacks on Lebanon, raising concerns about potential supply disruptions. A barrel of light crude recently was up $1.02 at $77.72 on the New York Mercantile Exchange
.

Elsewhere, retail sales fell unexpectedly in June, dipping 0.1 percent after edging up by the same amount the previous month. Although higher gasoline prices were expected to slow consumer spending, economists had forecast a 0.4 percent increase.

(snip)

Traders work on the floor the New York Stock Exchange, Thursday, July 13, 2006. Oil prices shot up to a new high, roiling stocks on Wall Street, as hostilities in the Middle East escalated. Wall Street suffers sharp loss for a second straight session as a new record for oil prices and discouraging analyst remarks about Wal-Mart Stores Inc. intensify concerns about consumer spending. (AP Photo/Mary Altaffer) "

the rest:
http://news.yahoo.com/s/ap/20060714/ap_on_bi_st_ma_re/wall_street;_ylt=AjcxDe_ZuXL2MCEYYIQCi6ub.HQA;_ylu=X3oDMTA3bGI2aDNqBHNlYwM3NDk-
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AndyA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-14-06 10:41 AM
Response to Original message
1. Yes indeed, Bush, things are just great!
Edited on Fri Jul-14-06 11:17 AM by AndyA
Oil companies are making huge profits that are obscene in their scope.

Foreclosures are at an all-time high.

American savings is zero.

Credit card debt is at an all-time high.

The real estate bubble is bursting.

Good paying jobs are evaporating, leaving behind low paying dead end jobs that don't allow for any discretionary spending.

Our children and grandchildren have been saddled with huge deficits, all due to a war based on lies.

The country is divided as never before, unless you include the Civil War.

America's assets are being sold to other countries, who may someday be an enemy instead of a friend.

Our elections have been fraudulent since 2000, which means the people who really won the elections are not serving in their intended offices.

America is hated by more people around the world than ever before.

People in other countries view George Bush as the worst terrorist.

Yes indeed, things are going just grand... :eyes:
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-14-06 10:52 AM
Response to Reply #1
3. Thanks AndyA. And that's the SHORT list!
But so good, I've got to bookmark it! Thnx!
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-14-06 04:10 PM
Response to Reply #1
4. self delete wrong placement
Edited on Fri Jul-14-06 04:11 PM by chill_wind
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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-14-06 10:43 AM
Response to Original message
2. Well, the hens have come home to roost
Seems the war started on lies has brought nothing but termoil to the Middle East and the oil barons, in and around the White House, are grabbing up the profits while they can. Yet the market doesn't like it and consumers don't either. Now don't you just wish the US didn't have the largest debt and trade deficit in the world. The US might have been able to avoid a recession if we hadn't borrowed this country into oblivion and willingly gave away good jobs.
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