More dismal economic news. But don’t you worry…according to Barry, it’s just a bump in the road.
Stocks fell sharply Friday, posting a sixth straight weekly loss — longest losing streak since the fall of 2002.
The 1.4% drop came a day after the market broke its longest losing streak in more than a year.
The market’s last seven-week stretch of losses began in May 2001, as the dot-com bubble deflated.
Stocks have suffered this month after a raft of weak economic news dampened hopes for a speedy recovery. Traders fear that weaker hiring, industrial output, and a moribund housing market are reversing a bull market that lifted the Dow Jones industrial average 20% the past year.
Change!
Hi Loppyd.. hope all is well 🙂
Gosh! This is all so unexpected!!
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Cannot wait to drop this entire nightmare of a regime down the flusher.
For every year of this monstrous regime,you will have to work two extra years now to make up for the lousy economy.
Got to wonder if when Hussein gets routed in the 2012 election, those results will be unexpected as well.
Change. Is what my 401K will be worth by the time Barry is finished.