Stock Market Drops All Gains Made in 2011

[denem]

Stock Market Drops All Gains Made in 2011

NEW YORK (CNNMoney) — Poof! There goes any progress stocks made in 2011.

Stocks plunged Thursday, with the Dow tumbling 400 points to hit its lowest level since December, as global economic fears gripped the market.

U.S. markets were already sharply lower on widespread worries, including the weak job market. But the selling gained momentum as Japanese and European policymakers stepped in with dramatic measures to shore up their financial markets.

There’s “total fear” in the market, said Bob Doll, chief equity strategistat the world’s largest money manager, BlackRock

http://dailycaller.com/2011/08/04/stock-market-drops-all-gains-made-in-2011/

[Broderick]

1. ouch

[aquart]

2. Well, this Congress is committed to a No Growth America.

Scares the shit out of me.

[GSLevel9]

3. For the enablers out there...

Take your "recovery meme" and shove it.

Btw... Just wait for tomorrows jobs numbers.

[Larkspur]

4. Are they just starting to notice that their former customers have no money?

[Common Sense Party]

5. Que será, será.

At least I'm buying more shares this month.

[Turbineguy]

6. Teabaggers win!

Americans lost today more than the teabaggers saved.

Market drop today erases $2 trillion.

[lpbk2713]

7. No one was jumping out of windows in December.

The DJIA is the same now as it was then. Nothing changes but the changes. FFS.