Largest market drop since 9/11... Let that marinate in your brain a little bit...

[scheming daemons]

GOP deregulation of banking was able to hammer our markets on a level not achieved since 19 terrorists knocked out the WTC and shut down Wall Street for a week.


That's the GOP/Bush legacy... and there's no amount of spin that will let them run from it.

[democrattotheend]

1. Drop not bigger than after 9/11

I'm pretty sure the DOW opened 500 points down the week after 9/11 and lost another 200 during the day.

[scheming daemons]

2. Fixed wording in OP

[1corona4u]

6. It dropped 684

Sept. 17th, 2001.

[SuperTrouper]

3. It is >500. Obama needs to hammer McSame with this over and over again.

America needs to realize that their homes are losing value and that their jobs are not safe especially with the precipitous drop of the dollar.

[maxsolomon]

4. does this mean anything to a no-information palin voter?

bow hunting season started today, too. many of them may not even notice.

[SuperTrouper]

7. Yes, but now the arrows are more expensive and the gas to take their pick up truck hunting:

too expensive. No matter what, they can have their guns but without money, no bullets, no gas, no money for insurance and no oil for heating the home. See if they continue to love McSame and ImPalin.

[maxsolomon]

10. well, that reality won't occur until NEXT bow-hunting season

then the GOP will just say the dems are pansies & that's good enough for bow-hunters.

[Anywho6]

5. I'm still shocked by everything that happened today

They have no clue how to manage this financial crisis. This is HUGE and will have widespread ramifications. It may be a bunch of big name companies in the news now, but the average citizen will feel the pain even more than they are right now. Horrible situation...

[spanone]

8. we have been fucked by our own government....

[nichomachus]

9. It would have been much worse if not for the Plunge Patrol Team

The PPT tries to "pump liquidity" into the market to prevent disasters like this. They were apparently trying all day today, but couldn't stop the Dow from going below the psychological 11K mark. Had there been no PPT, we could have seen a drop of over 1,000.

[Oak2004]

11. Yeah: watching the numbers today was entertaining, in a perverse way

If I did not have other things to do I'd have watched them all day long.

You'd see the drop approach some nice round number that obviously someone didn't want the Dow to go below, and then all of a sudden there'd be little spurts upward, with each spurt tending to have less and less effect, until the number plummeted below that nice round figure. Then it would drop till it got cozy with another, lower round number, and the same pattern would appear.

1000? If it weren't likely to trigger a stop to trading, I think an unsupported Dow could have dropped 2000.

[spanone]

12. economy gone wild! fuck that regulation stuff, business ALWAYS polices itself

:sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm:

[blondeatlast]

13. GOP: economic terrorists? I think I saw that screen crawl on FOX News today... nt

[GeorgeGist]

14. Another terrorist attack on US soil.

They've done so many I've lost track.