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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (114598)	10/4/2011 3:07:23 PM
From: Hope Praytochange	2 Recommendations Respond to of 224668

walmart pays kennytroll fixed $5.00/hour ???

To: Kenneth E. Phillipps who wrote (114598)	10/4/2011 3:22:21 PM
From: Hope Praytochange	1 Recommendation Respond to of 224668

US Stocks Drop In Final Hour Of Trading; DJIA Off 207 10/04 03:19 PM: breaking news for barry odumba --Stocks drop as investors continue fearing Europe's debt crisis --S&P 500 falls into bear-market territory --U.S. action follows steep declines in overseas markets --Tech shares erase gains; Apple shares fall as products disappoint By Steven Russolillo Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--U.S. stocks extended losses in the final hour of trading as fears over Europe's debt crisis trumped Federal Reserve Chairman Ben Bernanke's pledge that the central bank is ready to do more to boost the economy. The Dow Jones Industrial Average was down 207 points, or 2%, to 10449. The Dow earlier fell as much as 251 points. It pared gains throughout the session and almost turned positive before turning sharply lower again in recent action. The blue-chip index fell 498.68 points over the previous two trading days and closed Monday at its lowest level in more than a year. The Standard & Poor's 500-stock index dropped 15 points, or 1.4%, to 1084. It is down more than 20% from its intraday high in May, a threshold that many analysts believe signals a bear market is under way. The Nasdaq Composite fell 25 points, or 1.1%, to 2311. Apple shares dropped 5% after the company unveiled the latest generation of its iPhone. "Investors are asking why should they buy stocks right now," said Robert Pavlik, chief market strategist at Banyan Partners. "Because they look cheap? Right now that's not good enough for anybody, even if you're a long-term investor. The way it's been going, tomorrow they're going to be cheaper." Stocks came off their earlier lows after Bernanke told U.S. lawmakers the central bank is ready to provide additional help to stimulate the economy. In prepared remarks to a bipartisan Congressional panel, Bernanke said at fostering healthy growth is a "shared responsibility of all economic policy makers, in close cooperation with the private sector." "We were looking over the edge of a precipice this morning," said Peter Kenny, managing director at Knight Capital Group. "People were ready to jump. But surprisingly, Chairman Bernanke had a very therapeutic effect on the market. I don't think people were expecting that." Bernanke didn't rule out a third round of bond buying, known as quantitative easing, but he acknowledged there weren't immediate plans to implement such a program. "Bernanke's message has been consistent," said Steve Sosnick, an equity risk manager at Timber Hill/Interactive Brokers Group. "But I get the sense the mood can change on a dime in this environment because of the extremes we're seeing in volatility and valuation." Continuing fear of European debt defaults have not only weighed on markets for months, but also contributed to heightened fears of a global recession. Greece warned over the weekend that it would fail to meet its targets for reducing its budget deficit this year, which reinforced a widespread concern that the government would default on its debt. Financial stocks tumbled Tuesday on continued concerns about the exposure of U.S. banks to Europe. Citigroup fell 3.2%, Bank of America dropped 3.2% and Goldman Sachs lost 1.7%.