SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: joseffy who wrote (114047)9/28/2011 12:28:20 PM
From: lorne4 Recommendations  Read Replies (2) | Respond to of 224864
 
joseffy...he needed a teleprompter for a speech to grade schoolers so bet he has his boss set up for this speech..The great orator...what a joke this guy is.



To: joseffy who wrote (114047)9/28/2011 6:07:22 PM
From: Hope Praytochange2 Recommendations  Read Replies (1) | Respond to of 224864
 

Stocks Sell Off, Led By Materials, Energy, Financials: rich becomes poorer each passing day
how odumba finds millionaires to tax ?






By Mark Gongloff
FactSet Another bad close. Click for gigantic image.
Out of the water, everybody.

We wondered rhetorically this morning how long a market rally based on a cocktail of technicals and rumors could last, and we got an emphatic answer in the final hour of trading: Not very long.

Hey, at least the market ended “off the lows,” as the Twitter joke goes. But only by a few points, at best. The Dow ended down nearly 180 at 11010.90, after trading early as high as 11317 — that’s a 300-point intraday loss, with much of it coming in the final hour.

The VIX spiked 9% to 41 as the market melted down and hopes for a quick eurozone fix evaporated.

The S&P 500's 2.1% drop was led by the materials sector, off 4.5%, energy, down 3% and financials, off 2.9%. These are the same groups that led the rebound higher the past handful of days. Materials took an unusually heavy beating as the commodity selloff resumed, led by metals.

And the Dow transports fell 2.9%, a problem for Dow theorists.

What worked today? Defensives — telecom and utilities were down less than 1%.