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Monday, August 8, 2011

Breaking: Dow Tumbles 75 Points as Obama Speaks

UPDATE: Dow down 460 at 2:00 est.

The Dow Jones Industrial Average is taking a beating as President Obama continues to speak. Towards the beginning of his speech, the index was down 375 points. As I write now it is down 450. Obama's blaming of everyone else and trotting out the same old "solutions" are not helping.

The S&P average is down a total of 5% on the day. The NASDAQ is also down 5% on the day. This is becoming a run. We need leadership now.
In addition, between the time he announced the speech and gave it, the Dow fell another 100 points.

UPDATE, 2:12 EST:

Dow is down 419 now, below is an updated graph:

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