CO-04 (Special Election) See Full Big Line

(R) Greg Lopez

(R) Trisha Calvarese

90%

10%

President (To Win Colorado) See Full Big Line

(D) Joe Biden*

(R) Donald Trump

80%

20%↓

CO-01 (Denver) See Full Big Line

(D) Diana DeGette*

90%

CO-02 (Boulder-ish) See Full Big Line

(D) Joe Neguse*

90%

CO-03 (West & Southern CO) See Full Big Line

(D) Adam Frisch

(R) Jeff Hurd

(R) Ron Hanks

40%

30%

20%

CO-04 (Northeast-ish Colorado) See Full Big Line

(R) Lauren Boebert

(R) Deborah Flora

(R) J. Sonnenberg

30%↑

15%↑

10%↓

CO-05 (Colorado Springs) See Full Big Line

(R) Dave Williams

(R) Jeff Crank

50%↓

50%↑

CO-06 (Aurora) See Full Big Line

(D) Jason Crow*

90%

CO-07 (Jefferson County) See Full Big Line

(D) Brittany Pettersen

85%↑

 

CO-08 (Northern Colo.) See Full Big Line

(D) Yadira Caraveo

(R) Gabe Evans

(R) Janak Joshi

60%↑

35%↓

30%↑

State Senate Majority See Full Big Line

DEMOCRATS

REPUBLICANS

80%

20%

State House Majority See Full Big Line

DEMOCRATS

REPUBLICANS

95%

5%

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
August 18, 2011 10:32 PM UTC

Markets Resume Nosedive

  • 39 Comments
  • by: Colorado Pols

Associated Press:

More signs of economic weakness triggered a global sell-off in stocks Thursday. The Dow Jones industrial average fell 400 points in a return to the wild swings in the market last week…

Last week was one of the wildest in Wall Street history. The Dow moved more than 400 points on four straight days for the first time.

But stocks had been relatively stable this week because investors were calmed by strong earnings reports and a flurry of corporate acquisition deals. The Dow had fallen 76 points Tuesday and risen four points Wednesday – the first time that the average rose or fell by less than 100 points on two straight days in nearly three weeks.

That ended Thursday. And with stocks down big, money flooded into U.S. Treasurys and gold, both considered safer investments.

A poll follows: somebody gets the blame for this crap.

Who's to blame for your crashing portfolio?

View Results

Loading ... Loading ...

Comments

39 thoughts on “Markets Resume Nosedive

  1. will make a killing in the market because stocks are so low. There are hedge fund managers that are loving this volatility because they make money no matter which way the market goes.  

    1. no longer serves the productive function of providing capital to business.  Today, it functions solely as a casino.  And, at a casino the house always wins.

  2. is like trying to explain that it’s raining over Boulder because clouds are fleeing regulatory uncertainty in Iowa. You can do it, and apparently people get paid for it, but the market is essentially just the aggregate behavior of a bunch of people behaving stochastically based on psychological prejudices, together with software designed to automatically magnify the effects of small oscillations.

    Sorry, I mean Ben Bernanke sneezed and that’s why.

    1. thats for damn sure.  I love the headlines though:

      ” Markets took a heavy loss in trading today due to _____ (insert something remotely tangential here)”

      ” Markets roared back today due to _____ (insert something remotely tangential here)”

      1. who thought the gods were holding back rain because someone’s daughter was having too much sex, but we’re arguably worse because we should know better and don’t.

        1. now we do know better, — there’s no such thing as too much sex . . . (unless you’re talking about any of my daughters, and you damn well better not be).

      2. My favorite line:

        money flooded into U.S. Treasurys

        proving, yet again, that S&P’s move was not only politically motivated but was made because of the political (not financial) climate: Republicans’ proud willingness to refuse to pay our debts.

        Can’t wait to see who President Waffle, Goodhair or Straightgod choose as his/her financial advisors, besides, of course Mammon.

  3. http://claytonecramer.blogspot

    I mentioned last month that even by the White House’s own probably optimistic definition of the number of jobs created by the stimulus bill, these jobs ended up costing the government (that is to say, the taxpayers now and for generations to come) at least $218,000 per job. В 

    Want to know why they were so expensive? В My guess is that a lot of these projects were like this one described in this August 16, 2011 KOMO report:

    Last year, Seattle Mayor Mike McGinn announced the city had won a coveted $20 million federal grant to invest in weatherization. The unglamorous work of insulating crawl spaces and attics had emerged as a silver bullet in a bleak economy – able to create jobs and shrink carbon footprint – and the announcement came with great fanfare.

    McGinn had joined Vice President Joe Biden in the White House to make it. It came on the eve of Earth Day. It had heady goals: creating 2,000 living-wage jobs in Seattle and retrofitting 2,000 homes in poorer neighborhoods.

    But more than a year later, Seattle’s numbers are lackluster. As of last week, only three homes had been retrofitted and just 14 new jobs have emerged from the program. Many of the jobs are administrative, and not the entry-level pathways once dreamed of for low-income workers. Some people wonder if the original goals are now achievable.

    It’s no wonder Maxine Waters went bananas on Obama yesterday in Detroit. Minority unemployment is up even more then the average in America.

    The Obama Administrations desire to print (money) their way to prosperity is a flawed and bankrupt strategy that has only set up the small guy to be shackled by the resulting inflation.

    So why is the market down ….. Maybe we should ask Austan Goolesbee or Christine Roemer or that tax cheat himself.

    The Obama administration is starting to look like the Ritter administration … eerily similar.

    1. My GOD. Libertad figured it out!

      Bill Ritter has been running the government from behind the curtain, letting Obama be his figurehead, pulling the puppet strings; while he extends his dark, sinister reach over across the world.

      I can’t believe I never saw it before your astute comment. The Blue Ribbon commissions, Obama’s recent book “The American Promise: A New Energy Economy”… it’s so obvious now.

      Do you think he’s pushing Obama to grow a beard? Time will tell.

          1. We already know.  I don’t have to  subject myself to Rush Lmbaugh to find out what he thinks about anything either. Not that I’m comparing ‘Tad to Limbaugh.  Limbaugh makes millions with his moronic blather.

  4. all those companies–banks, financial institutions, etc., that were “too big to fail” to simply . . . fail.  

    Then we could have started picking up the pieces for real instead of rearranging deck chairs.  

      1. We all know that if there’s anything that kills more jobs than taxes on the ri… I mean job creators, it’s evil commie regulation, consumer protection and work place safety rules. Oh and any limits on what poisons and carcinogens can be dumped into our air, food and water.  All that stuff just kills jobs for no good reason.

  5. Since they crashed the last time you reported they were recovering, maybe they’ll recover now? Everyone hold your breath and repeat “I think I can…”

  6. (always wanted to post that)

    You poor suckers that invested in the market. You poor suckers and your smarty pants IRAs. Thank luck, I’ve got a pension that…wait…my pension is invested in that fucking market. Oh No Oh Oh Oh Oh Oh.

    1. Its all Obamers fault.  Thank you for your contribution.

      You know what would provide some stability and confidence ?  Tax cuts !  Oh, wait, tax cuts and 2 dollar gas, and, and ponies !

    2. that you were a bigotted fucking asshole even before Obama was elected. So what you say about him now is just an extension of your sense of normal, and your projection onto the stock market is just the accumulation of your own fears and instability. I really hated to say that.

  7. Hyper volatility will be the name of the game for many years to come. Triggers can come from the common investor (even the institutional ones), but the triggers that set off crazy up and down swings are attributable to our supercomputer-driven hedge funds, and I-banks trading on their own accounts.

    Take advantage of that volatility, invest into it, don’t lament it.

    None of that has much to do with politics, where the rule of thumb should remain – does it create jobs. The stock market’s value has only a small part to play in that.

  8. No one knows what the hell Washington or the E.U. is going to do. But the market is confident that the leadership on both sides of the Atlantic is incompetent and mainly acting for political advantage.

    So the market is left trying to estimate where the cluster-fuck that is our political leadership is going to take us. The fundamentals for business are very good, but the political fundamentals are cancelling that out.

    1. that the market always acts rationally, then it is easy to conclude that the market is acting rationally in this case as well. Then you can come up with a theory to explain it.

      Of course, your theory won’t explain why the markets were any different three weeks ago (when all the same politicians were in charge), and your theory won’t explain what the market will do tomorrow, but… Wait, why do you have a theory again?

      1. Everyone’s trying to guess what everyone else will do. And the market follows that which leads to these swings. But that all is occurring because there is so much uncertainty as to what the political leadership will do.

          1. are a product of intelligent design (as well a tool for God’s righteous vengeance . . .)

            Why you always looking for that grand theory of everything when it’s right inside your Bible?  

Leave a Comment

Recent Comments


Posts about

Donald Trump
SEE MORE

Posts about

Rep. Lauren Boebert
SEE MORE

Posts about

Rep. Yadira Caraveo
SEE MORE

Posts about

Colorado House
SEE MORE

Posts about

Colorado Senate
SEE MORE

157 readers online now

Newsletter

Subscribe to our monthly newsletter to stay in the loop with regular updates!