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Stocks hit three-month
lows over Greek debt
USA Today, by Adam Shell
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Original Article
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Posted By:NorthernDog, 11/13/2012 4:50:47 PM
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| NEW YORK -- Stocks fell to three-month lows Tuesday as a deal to rescue the Greek economy looks much less certain than it did a day ago. The Dow Jones industrial average closed the day down 0.5%, while the S&P 500 and Nasdaq composite shed 0.4% and 0.7%, respectively. It was the lowest close for both the Dow, down 59 points to 12,756, and Nasdaq, down 20 to 2,884, since July 25. The last time the S&P 500 closed below its Tuesday number of 1,375 -- a decline of 5 points -- was Aug. 2.
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Comments:
Stocks have been largely falling since election day, and they still won´t report the real reason they are falling.
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Reply 1 - Posted by:
civilservant, 11/13/2012 4:55:02 PM (No. 9012075)
".....falling over Greek LIKE debt"
Fixed it.
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Reply 2 - Posted by:
Axeman, 11/13/2012 4:57:36 PM (No. 9012080)
"Over Greek debt" is what he says. Yeah, sure, Greek debt, that´s it. States are trying to secede over Greek debt. People are buying guns, gold and silver because of it. Massive layoffs due to Greek debt. Wow! Who knew Greek debt was so important?
/s
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Reply 3 - Posted by:
stablemoney, 11/13/2012 5:03:55 PM (No. 9012095)
Greek debt has nothing to do with falling stocks. Adam Shell is an embecile and should take a subject other than economics or markets.
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Reply 4 - Posted by:
Blackeagle, 11/13/2012 5:16:12 PM (No. 9012109)
That´s odd. The European stock exchanges closed up today. Maybe just a typo? The DNC Media meant Obama Debt?
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Reply 5 - Posted by:
bkt23, 11/13/2012 5:17:01 PM (No. 9012112)
Pull 100 random people off the street and I´ll bet an ounce of gold at least 90 of them won´t be able to tell you the problems going on there with any understanding beyond "they have economic problems". No way do people correlate what´s going on in Greece to what´s going on here. No way to people understand the implication of the eurozone breakup with global economic domino effects.
Greece has nothing to do with it.
AMERICAN businesses are laying people off and curtailing growth due to Obamacare costs and rising taxes. AMERICANS are buying guns and going nuts with prepping and seeking to become self-reliant and self-sufficient as much as they can. This has nothing to do with Greece; it has everything to do with a gut feeling that things here in this country are very, very wrong.
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Reply 6 - Posted by:
Kurto, 11/13/2012 5:32:14 PM (No. 9012141)
Of course, this has NOTHING do do with American debt!
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Reply 7 - Posted by:
LadyHen, 11/13/2012 5:59:13 PM (No. 9012212)
Greek debt, a Youtube video, Obama wasn´t "told" about Patraeus and his girlfriends until the day AFTER the election.... the media will do and say anything to cover Obama´s backside. They are all obvious lies but they repeat them with a straight face. The media is evil, stupid, or naive.. maybe one, maybe all, I can´t figure it out.
There is always a pay off for human behavior. We know what the pay off is for the entitlement scum who voted for Obama in droves. Free stuff!! What is the pay off for the media? They can´t all be sleepless progressive ideologues bent on the destruction and reformation of society, can they?
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Reply 8 - Posted by:
Clark Kent, 11/13/2012 6:35:31 PM (No. 9012272)
#3 is right - it should read: stocks fell today because there were more sellers than buyers
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Reply 9 - Posted by:
nonsense, 11/13/2012 7:17:58 PM (No. 9012347)
Stocks hit 3 month low because American debt is so much worse than Greek debt. Have you see the charts Adam?
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Reply 10 - Posted by:
lydwho, 11/13/2012 7:27:07 PM (No. 9012367)
Had nothing to do with the Greeks, more to do with the GEEK that we put in the White House!!!
Art
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Reply 11 - Posted by:
Ding! Fries are Done, 11/13/2012 8:15:44 PM (No. 9012443)
Anyone read his picture bio? This guy writes about stocks for a living and has never owned a stock. Oh sure, that´s not weird at all.. Nor is the fact that the market has been tanking since Obama was re-elected - *totally* a coincidence and it really is about Greek debt, apparently.. /s
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Reply 12 - Posted by:
DARling, 11/13/2012 8:16:53 PM (No. 9012445)
Greek debt my arse.
Obama is trying to drive a stake through the heart of America.
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Reply 13 - Posted by:
JHHolliday, 11/13/2012 8:40:32 PM (No. 9012486)
A couple of other so-called financial sites keep talking about the fiscal cliff ad nauseum. It´s a factor, Greek and EU debt are also factors but the main factor is our president is committed to making the USA a Marxist state. Most of the traders are catching on. I would suggest cash or high grade bonds if you need the income. I don´t know what else to do. Barack Obama is the sworn enemy of the United States. There is almost no way left to protect ourselves.
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Reply 14 - Posted by:
Philipsonh, 11/13/2012 9:17:21 PM (No. 9012536)
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Reply 15 - Posted by:
Philipsonh, 11/13/2012 9:23:03 PM (No. 9012549)
The falling stock market has more to do with
the prospect of higher taxes as well as taxes on capital gains ,dividends ,and other forms of income, which is on the horizon as a result of the election of the next President, whose policies are not favorable to these types of Capitalistic endeavors; Furthermore, certain industries, such as coal, are on a similar list, to be downsized or eliminated.
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Reply 16 - Posted by:
Jimmyfoxhound, 11/14/2012 1:12:23 AM (No. 9012825)
16 trillion in debt, obamacare, businesses slashing workers = must be Greece, right?
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