Dow's 2-day loss: 288 points

[NoAmericanTaliban]

http://money.cnn.com/2006/07/13/markets/markets_newyork/index.htm

NEW YORK (CNNMoney.com) -- Stocks slumped for a second straight session Thursday, with the Dow posting its biggest one-day point loss in six weeks, in response to escalating tensions in the Mideast, record oil prices and worries about corporate profits.

The Dow Jones Industrial average (down 148.00 to 10,865.18, Charts) skidded about 1.7 percent, according to early tallies. The broader Standard & Poor's 500 (down 16.46 to 1,242.14, Charts) index sank 1.3 percent.

The Nasdaq composite (down 36.13 to 2,054.11, Charts) tumbled 1.7 percent.

Treasury bonds and gold prices rose as investors sought safety. Oil hit an all-time closing high of close to $77 a barrel......

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This after all the budget & economy happy talk by the administration. Guess Wall Street isn't buying that propaganda. Down is only 300 something points more than when took over the office.

[napi21]

1. I'm sure this is tied to the trouble in the ME.

The folks who invest in futures markets are a very skiddish bunch, and I'm sure they're freaking about the new mess in the ME!

[Demeter]

2. And Dubya's Schmoozing in Germany

and I doubt Cheney will lift a finger--after all, he's in Kazakhstan or somewhere nearby.

So--who's minding the store?

[high density]

3. Might as well put money in a 5% online savings account

The stock market has been a joke since Bush took office.

http://finance.yahoo.com/q/bc?s=%5EDJI&t=5y

[AX10]

4. Well, energy (oil), defense, and pharmacutical stocks...

have done well under Bush, otherwise, yes, the market has stayed flat.

[Zynx]

8. Pharmaceutical have been the biggest dogs of them all.

[VegasWolf]

5. It's okay. After we are all glowing nuclear green it won't matter one

little bit.

:nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke:

[vixengrl]

6. Regardless of what happens in the US, the per barrel price of oil

at $77 a barrel due to Middle Eastern unrest (there's a euphemistic phrase, if ever--unrest) says an awful lot. A great deal of industry depends, as in, "life-blood" depends, on oil. People are seeking security in their investments (should've, perhaps, at the polls, earlier.) We don't have a conservative at the helm, but a failed businessman who drifted towards politics as a legacy. As people joked six years ago, invest in gold, ammo, and drinking water.

I kid, this is still, nonetheless, the US. But really, Don't talk up the economy unless you've actually done something for peace and prosperity, like, I dunno, Clinton did.

[indepat]

7. Everything is coming up roses for you and me and all Americans:

prosperity is just around the corner for the Homeland.