Monday, August 08, 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.


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

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