Buck Ofama asked:
CNBC’s Melissa Lee termed a “tailspin.” Nov. 5 and 6 losses became the worst two-day decline since the 1987 crash,
Ferrari
Sphere: Related ContentCNBC’s Melissa Lee termed a “tailspin.” Nov. 5 and 6 losses became the worst two-day decline since the 1987 crash,
Ferrari
Tags: Cnbc, Crash, Stock Tank
December 25th, 2008 at 4:34 am
Fear, plain and simple. The markets were afraid of what would happen with this inexperienced new President.
December 25th, 2008 at 9:59 pm
The country is in a slow melt down because the Government has lost the trust and faith of the American people. As we exchange Presidents and their administrations, let’s also hold our representatives and senators, on both sides of the isle, responsible for their parts in the economic meltdown. The politicians below have been exposed for their unbridled greed, ignoring their fiduciary responsibilities, lying to and deceiving the American people.
(R) Chris Cox; Chair–Securities and Exchange Commission (SEC)
(R) Henry Paulson; Secretary of the Treasury
(D) Barney Frank; Chair–House Finance Committee
(D) Chris Dodd; Chair–Senate Banking Committee
(D) Chuck Schumer; Heads Joint Economic Committee
(D) Richard Syron; CEO–Freddie Mac.
(D) Frank Raines; CEO–Fanny Mae
(D) Charlie Rangel; Chair–Ways and Means Committee (W&MC)
(D) Pete Stark; Chair–W&MC subcommittee on Health
(D) Sandra Levin; Chair–W&MC subcommittee on Oversight
(D) Michael McNulty; Chair–W&MC subcommittee on Social Security
(D) Jim McDermott; Chair–W&MC subcommittee on Income Security and Support
(D) Richard Neal; Chair–W&MC subcommittee on Selected Revenue Measures
December 28th, 2008 at 2:57 pm
what else would happen when a socialist is elected president? Everyone gets nervous and sells….
December 30th, 2008 at 6:07 am
Uh you call a 38% decline prior to the election vs 10% after Obama tanking the market?
I didn’t vote Obama nor do I support him in any fashion but your thinking is sloppy at best.
January 2nd, 2009 at 2:03 pm
You ain’t seen nothing yet. Just watch the cap loss sales between now and Dec 31
January 5th, 2009 at 10:13 pm
Wow. I don’t think I’ve ever seen a more nonsensical question pretending to be serious.
I don’t know, it might have had something to do with the ENTIRE CREDIT INDUSTRY collapsing over the past six months due to lack of regulation? I’m sure there was fear involved as well, as rich people feared for their money. But considering many of those are probably the same rich people who helped cause the crisis by bribing and extorting the government to prevent proper regulations from being put into place, I don’t consider that a bad thing.
January 7th, 2009 at 9:36 pm
Because even the people at Wall Street knows that Obama is just a brainless jerk.