Monday, July 25, 2011

Stocks are Down Today

The stock market is "trending lower" today on news of the "debt ceiling crisis." Really?

 That and the unfortunate news of Amy Winehouse' demise.


Jayhawk said...

Trending no lower than news, say, of higher than expected unemployment applications for the week, or lower than expected profits by IBM. As opposed to the "crash" that Obama was honking about if the debt ceiling was not raised over the weekend. We will continued to be subjected to terrorist tactics from the White House until Obama gets what he wants.

The last time we were warned of "tanks in the streets" was Hank Paulson if $700 billion was not delivered by Congress within days, and we all know how that turned out. It took a couple of months to deliver it and a full year to spend it, and what it was needed for "within days, if not hours" was never done at all.

Jayhawk said...

In fact, barely down at all. Dow down 34.32 right now, S&P -2.24, Nasdaq -1.34. Yawn.

Those "tanks in the street" are turning out to be kiddie cars.

Bartender Cabbie said...

You certainly pay more attention to this issue than I do. I just that whatever ends up being done on the debt ceiling issue; it will be bad for the average joe.