Tag Archives: Wall Street

Dow Sinks 6.4% for Week

By STEVEN RUSSOLILLO THE WALL STREET JOURNAL Fears of a possible Greek default and the U.S economy dipping back into recession pushed the Dow Jones Industrial Average to its worst weekly decline in nearly three years. Stocks edged slightly higher on Friday, as a pledge from global officials to maintain financial stability alleviated some investor [...]

Posted in Business, Economy, Solid Principles Report, Wall Street, Wall Street Journal | Tagged as: , , , , | Leave a comment

Stock markets plunge after Obama speech

By JOSH BOAK Deep skepticism about Congress passing President Barack Obama’s $447 billion jobs package and fears that Greece could slip into default sparked a severe stock market selloff on Friday. The Dow Jones Industrial Average closed down 304 points, or 2.69 percent, a reminder of how dangerously fragile the situation is despite government initiatives [...]

Posted in Barack Obama, Business, Congress, Deficit Spending, Economy, Eric Cantor, Global Markets, Politico, Solid Principles, Wall Street Journal, War on Terrorism | Tagged as: , , , , , , , | Leave a comment

Economy Sinks Markets

The U.S. economy is showing new signs of fatigue, depressing financial markets, discouraging consumers and unsettling businesses. The Dow Jones Industrial Average lost 419.63 points, or 3.7%, Thursday, and is down 9.5% for August amid soaring trading volume and some of the worst volatility on record. Angst about the health of the U.S. and European [...]

Posted in Banks, Business, Solid Principles, U.S. Stock Market, Wall Street, Wall Street Journal | Tagged as: , , , , | Leave a comment

Obama’s ‘Counteroffensive’? Please!

EXCERPT ONLY:  Seeing as President Obama cannot govern, he’s had to go back to campaigning — an activity with which he’s quite comfortable but decreasingly successful, as evidenced by his falling poll numbers and his endless, repetitive speeches. I don’t just throw out this governance charge lightly. The Los Angeles Times reports that Obama is [...]

Posted in 2012 Presidential Race, Barack Obama, Business, Economy, Solid Principles, Wall Street | Tagged as: , , , , , , | Leave a comment

Dow Slides as Relief Rally Fizzles

Read More at WSJ U.S. stocks fell, erasing an early rally, as weak manufacturing data and worries that ratings firms still could downgrade the U.S. government’s credit overpowered investor relief about a debt-ceiling deal. The Dow Jones Industrial Average shed 110 points, or 0.9%, to 12033, in afternoon trading, after briefly falling below 12,000 for [...]

Posted in Business, Economy | Tagged as: , , | Leave a comment

53% Say Bailouts Have Been Bad for the Country

Most voters still aren’t convinced that government bailouts have been a good idea. A new Rasmussen Reports national telephone survey finds that 53% of Likely U.S. Voters think, looking back, that the bailouts of banks, auto companies and insurance companies were bad for the United States. Thirty-one percent (31%) disagree and feel the bailouts were [...]

Posted in Business, Economy, Rasmussen Reports, Solid Principles, Wall Street | Tagged as: , , , , | Leave a comment

Wall Street Grows World Wary…DOW down 207 pts.

  MARKET WATCH U.S. stocks drop Tuesday, as fears of higher interest rates in China and the potential for a new round of bailouts in the European Union fuel unease over the global economy. U.S. economic data also factor in. Recommend on Facebook Share on Linkedin Share with Stumblers Tweet about it Tell a friend

Posted in Business, Economy, Euro Zone, Solid Principles, U.S. Stock Market, Wall Street | Tagged as: , , , , | Leave a comment

Obama’s Latest Monstrosity

By:  John Berlau  The American Spectator  The 2,315 page Dodd-Frank financial regulation bill that President Obama will sign today should not be called “financial reform.” Instead the bill, which passed the Senate 60-39 last week when Massachusetts Senator Scott Brown joined Maine Senators Olympia Snowe and Susan Collins to grant cloture, should be called what [...]

Posted in Barack Obama, Business, Congress, Economy, Federal Reserve, Financial Reform, Sen. Scott Brown, Solid Principles, The American Spectator, U.S. Stock Market, Wall Street, Wall Street Journal | Tagged as: , , , , , , , , , , , , , | Leave a comment

Obama’s Hollow Shell: A.K.A. “Financial Reform”

I don’t have time to go into the financial reform bill that was passed by the Senate yesterday, so I just wanted to weigh in briefly with my opinion of the latest Obama Outrage. This bill is 2,300 pages long and I assume that the same diligence was pursued by Members of both Houses of [...]

Posted in Barack Obama, Congress, Economy, Federal Reserve, Financial Reform, Solid Principles, Wall Street, White House | Tagged as: , , , , , | Leave a comment

The Real Party of Wall Street

Photo credit: media.photobucket.com By: Michael G. Franc NRO Online The Democrats’ populist assault on all things Wall Street, we are told, helps them politically regardless of the legislative outcome. Democrats, NBC Nightly News reported, “actually scheduled [Monday’s] vote knowing they would lose and they did because they see it as a political win — better [...]

Posted in Business, Congress, Democrats, Double Standards, Financial Reform, Goldman Sachs, NRO, Republicans, Solid Principles, The Huffington Post, Wall Street | Tagged as: , , , , , , , , , , , , , , , , , , , | Leave a comment