STOCKS SINK, BANKS KILLED, AMERICAN AIRLINES PLUNGES: Here's What You Need To Know

[stockholmer]

Source: Yahoo Financial

The Q3 selloff spilled into Q4.


First, the scoreboard:


Dow: -258
NASDAQ: -80
S&P 500: -32


And now, the top stories:
•The biggest news over the weekend was probably the most unsurprising news. Greece announced that they would miss their 2011 and 2012 budget deficit targets. Although, many speculated this would happen, it definitely wasn't a positive development as the beleaguered country struggles to convince its neighbors to lend it more money.
•Investors also continued to worry about China. Some of the biggest names on Wall Street disputed the idea of a Chinese hard landing, but even a soft landing could have ripples

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Read more: http://finance.yahoo.com/news/STOCKS-SINK-BANKS-KILLED-siliconalley-1607822172.html?x=0&.v=8

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the biggest losers from the 33% American Airlines dive:

[truedelphi]

1. And while that happens, Dylan Rattigan joins the Occupy Wall Street crowd -

To denounce the Wall Street Financial Firms that have bought out tainted government.

People of Maryland - you have a wonderful Congress Woman - the Honorable Edwards. Articulate, savvy and untainted by Big Money.

Hopefully her efforts will lead us from the situation where Big Money helps the Most-Paid-for- Candidates win their auctioned-off offices, in a corrupt system that some people still refer to as "free elections."

[jtrockville]

2. I only wish Edwards represented me. I get Van Hollen instead :(

I didn't vote for him in 2008 or 2010.

[FourScore]

3. We all know what's coming. n/t

[InkAddict]

4. Speechless, seriesly :sarcasm:

http://www.youtube.com/watch?v=kn481KcjvMo&feature=related

[malaise]

5. Didn't over 100 American Airlines pilots just resign from the

airline over basic benefits.

[abelenkpe]

6. Stocks down

but the dollar is up. Shouldn't tea partiers be happy? O wait no, Obama is still our president. Never mind....