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News Link • Economy - Economics USA

Stocks plunge; S&P turns negative for 2011

• Washington Post

Stocks posted their worst daily decline in nearly a year Tuesday, wiping out the year’s gains and raising fresh questions about the strength of the economic recovery.

Despite the seemingly positive news that President Obama signed the long-awaited agreement to lift the federal borrowing limit, the Standard & Poor’s 500-stock index tumbled 2.6 percent — its seventh straight day of losses, making for its longest losing streak since October 2008. The Nasdaq composite index tumbled 2.7 percent, while the Dow Jones industrial average dropped 2.2 percent.


2 Comments in Response to

Comment by Actually Intelligent
Entered on:

Anyone still in the stock market is either a complete fool, or a sadist, who gets extreme pleasure from serious pain... Do yourself a favor - take every penny you have saved, and BUY SILVER.

Comment by Every American
Entered on:
Naming Names: Your Real Government (When dark deeds unfold, point the finger in this direction).
by Tony Cartalucci

The Real Revolution 

"Boycott the globalists, cut off their support, undermine their system, and they lose their ability to commit these atrocities. That will be a real revolution and it can start today. Not burning cities and masked rebels waving flags, but communities no longer dependent and fueling a corrupt system we all know must come to an end.



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