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Stocks Dive on Fears of a Faltering Economy

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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-21-06 11:59 AM
Original message
Stocks Dive on Fears of a Faltering Economy
http://www.latimes.com/business/la-fi-stocks21jan21,1,512763.story?coll=la-headlines-business

The stock market plummeted Friday in heavy trading, sending blue-chip indexes to their worst one-day losses in more than two years, as another surge in oil prices and disappointing earnings from some big-name companies raised new concerns about the economy's health.

The Dow Jones industrial average tumbled 213.32 points, or 2%, to 10,667.39, giving up all of its gains from a rally that had stoked widespread optimism in the first two weeks of the year.


Hmm. Offshore jobs, mkill income, even replace with crap paying jobs... people can't afford things.

Bring back the jobs and this problem ends. :think:

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whirlygigspin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-21-06 12:01 PM
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1. I'm expecting suicide Monday followed by jump out of the windows Tuesday
Oh to Dream
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seabeyond Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-21-06 12:05 PM
Response to Original message
2. theyw ill just steal another big chunk of money from treasury
to throw into stock market to cover it up for a while longer. just a guess
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acmavm Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-21-06 12:07 PM
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3. Wonder if Frist's and DeLay's daytraders had the jump on this one.
.
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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-21-06 12:16 PM
Response to Original message
4. Just go to show that huge tax breaks work!
But only when given to Republican Pioneers.
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