25 Responses to Blood bath: Dow tumbles 513 points at close of U.S. trading day

  1. nickk0 says:

    I REALLY DO think, that Wal-Street, is The Beast, described in Revelation.

    ALL nations live in TERROR of, and are therefore, CONTROLLED by, Wal-Street and their ‘Banking system’.
    This analogy makes sense, if you think about it. 😦

    – Nick

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  2. luisport says:

    SAN FRANCISCO (MarketWatch) — Trading volumes surged with Thursday’s broad selloff in stocks. With more than half the trading day remaining, NYSE composite trading volumes rose above 3.62 billion shares, while Nasdaq composite volumes rose above 1.61 billion shares. On both exchanges, more than 95% of the volume contributed to declines. On Wednesday, the NYSE ended the day with composite volume of 5.73 billion shares –its largest daily volume since March 16 when markets were reeling over the Japan earthquake and tsunami — and the Nasdaq composite ended the day with 2.6 billion shares traded. Year-to-date, the NYSE averages 4.12 billion shares a day traded, and the Nasdaq averages 1.97 billion shares. In recent activity, The Dow Jones Industrial Average /quotes/zigman/627449/delayed DJIA -2.35% was down 2.3%, the S&P 500 Index /quotes/zigman/3870025 SPX -2.54% fell 2.5% and the Nasdaq Composite Index /quotes/zigman/123127 COMP -2.62% declined 2.5%. http://www.marketwatch.com/story/trading-volume-surges-on-mass-selloff-2011-08-04?link=MW_latest_news

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  3. luisport says:

    VIX nears 30 level as stocks sell off! NEW YORK (MarketWatch) — The Chicago Board Options Exchange’s volatility index /quotes/zigman/2766221 VIX +13.52% rose 14% to 26.65 on Thursday, as stocks sold off amid panic about the U.S. economic recovery and European debt crisis. The VIX, a measure of fear in the markets, had climbed as high as 28.69 in morning trades, the highest level since March. The S&P 500 Index /quotes/zigman/3870025 SPX -2.81% fell 2.4% or 31 points to 1,229.45. The Dow Jones Industrial Average /quotes/zigman/627449/delayed DJIA -2.70% fell 275 points or 2.3% to 11,617.5. Gold futures turned negative, as gold for December delivery /quotes/zigman/661658 GC1Z -0.56% fell 0.8% to $1,653 an ounce. http://www.marketwatch.com/story/vix-nears-30-level-as-stocks-sell-off-2011-08-04?link=MW_latest_news

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  4. zorar says:

    Hey nick I think u are close,amerika is the beast new babylon and china is the dragon.jus sayin.

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  5. luisport says:

    New Day low
    11,484.79

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  6. luisport says:

    Flush!

    Markets are at their lows of the day, as nobody wants to jump into this market.

    Dow is off 410.

    The NASDAQ is off nearly 4%.

    Read more: http://www.businessinsider.com/dow-off-410-2011-8#ixzz1U5UTrBPA

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  7. Never before in history so many events have happened in recent times in only four months. Japan lies on the ground, Europe faces the abyss, and in North America is preparing for an entirely new political system: “It was once the West – in America reigns of political madness” was the headline of “Spiegel” today about the U.S. debt crisis. In addition,at the Horn of Africa every day thousands of people die from hunger a , and countless of people die in Arabia during the Civil War. The headline should be “Madness and Greed reigns all over.”

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  8. S.S.Springer says:

    The Beast of Revelation as well as the Little Horn of Daniel have been identified for many centuries now as the Papacy> It rose at the same time as Pagan Rome declined, essentially recieving “the keys of the kingdom” if you will. It persecuted the saints, it changed times in the law (Changing the 7th day Sabbath to the day of the sun) it recieved a deadly wound when Napoleon’s General Berthier took the pope captive where he died in exile, the wound was healed when Mussolini gave back the Vatican to the papacy in the 20’s. It is the only “church” that is also a country and has diplomatic relations with most countries. It has always sought power and will continue to work with the dragon(Satan) to achieve her ends. Thank God, Jesus is returning soon to take us home!

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    • Paula says:

      Dear SS Springer and others,

      You need to look deeper. Although the Roman Catholic Church was responsible for many cruelties, there are also great saints who have been a part of this faith. These saints have made life on earth more bearable for many of God’s children. Please consider Mother Theresa of Calcutta as an example. And there are many Catholics who pray daily to Jesus and more than that, try to live a life of true Christian spirit. The Beast is more than just one organized religion. Please consider the the international capitalist/communist conspiracy in business, politics and religion that has been responsible for the murder of millions and millions of people. Please do not put this label only on one religion which has many good people as followers. Things are not so simple.

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      • nickk0 says:

        Hi, Paula,
        I can agree with that totally ….. That is what I see, too.

        Only Wal-Street has that kind of power now, to ‘force’ nations, to give it what it wants.
        Since it is a ‘secular’ organization, it will “work with” anybody, anywhere, any entity that wants to “invest” its money with them, whether it be a church, governments, corporations, etc.

        – Nick

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  9. luisport says:

    Even though you’re still digesting what happened today, it’s not too early to get ready for tomorrow, which should be pretty epic.

    First, Europe, duh.

    The panic in Italy is real and it’s only a matter of time before the banking system is infected. This doesn’t seem like something that Europe’s leaders can wait on.

    Then of course there’s the Non-Farm Payrolls report, which has the potential to exacerbate the disaster if it comes in weak.

    Officially, analysts are expecting 85K new jobs and 113K new private sector jobs. A huge miss, just like we got last month, when only 18K new jobs were created, would probably not be that shocking.

    The headline unemployment rate is expected to stay at 9.2%.

    Read more: http://www.businessinsider.com/friday-august-5-preview-2011-8#ixzz1U66GMpZV

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  10. luisport says:

    Re: AND WE’RE OFF. . . DOW FUTURES FOR FRIDAY 8/5 DOWN.!

    When looking for super bullish expectations on the economy, everyone knows where to turn to: Deutsche Bank’s Joe LaVorgna of course. However, many readers probably did not know that when looking for worse than consensus expectations about the future, including those cautioning about heightened recession worries, one should turn to… Joe LaVorgna?! That’s right, in a just released note to clients, the CNBC staple “pundit” has just said that tomorrow’s NFP may not only be 9.2% but may in fact exceed it. He also adds that “Weak income growth, falling stocks will have “damaging effect on business confidence” and make “managers even more hesitant to spend on either labor or capital” His conclusion: “‘If the unemployment rate were to spike, investors would become even more worried about a recession, because unemployment tends to go up sharply just ahead of the onset of recession.” Judging by Joey L’s predictive track record it may really be time to mortgage that first born and buy everything that is not nailed down.

    http://www.zerohedge.com/news/gloomy-prediction-day-comes-joe-lavorgna-who-says-nfp-print-greater-92-quite-possible

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  11. radiogirl says:

    America is the beast…….give me a break.There is NO country with clean hands here in this world some far worse than others…read your history book.

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  12. robinstl68 says:

    Why is any of this a shock to anyone?
    From 2000 – 2008 our nation rode a downhill slide. We started with a surplus and ended up with 10 trillion in debt. Millions of jobs disappeared during this period. Trade deficit grew and grew and grew. The whole time wealthy got even more so thanks to Bush tax cuts. Education faltered. Roads crumbled.

    For some stupid reason people went out and put the very people in power that caused this whole mess – and they thought what would happen? Same ol- same ol.

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    • nibikwe says:

      WeThePeople did NOT put Bush II in office in 2000 or 2004! In sworn testimony in an ongoing trial in Ohio, evidence has shown that computer fraud did indeed take place which flipped the vote. This would explain why the exit polls did not match the computer numbers. See http://www.forbiddenknowledgetv.com/page/4540.html.
      Computer fraud was discovered all over our USA in both elections, with no accountability. Then the Supreme court made sure Bush was seated in the oval office. Just saying, everything is going according to ‘their’ plans, including world market destabilization.

      God’s children need not play into ‘their’ plans! They feed on fear. Remember….Be Still and Know That I AM GOD!

      NAMASTE, Nibikwe

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  13. Tomwe says:

    On top of all this – God’s approval rating falls precipitously!

    http://www.disinfo.com/2011/08/gods-approval-rating-falls-to-52-percent/

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  14. luisport says:

    After losing 500 points on Thursday, the Dow could drop another 700 point before finding some support, Darryl Guppy, CEO of Guppytraders.com told CNBC on Friday morning.

    http://www.cnbc.com/id/44027577

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  15. luisport says:

    The committee of bond dealers and investors that advises the U.S. Treasury said the dollar’s status as the world’s reserve currency “appears to be slipping” in quarterly feedback presented to the government…

    http://www.moneynews.com/FinanceNews/Dollar-Reserve-Status-us/2011/08/03/id/405979?s=al&promo_code=CC30-1

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  16. David says:

    Worth a watch for those that are still asleep, Toilet Paper Worth More than US Dollar-Gerald Celente interview

    http://www.youtube.com/watch?v=cKDvQ9lVkGQ http://www.youtube.com/watch?v=FqiY_xfR4EU

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    • David says:

      we are seriously at a tipping point here folks… Get your food and water, and if you can, guns and ammo as well…
      it seems that the fan is getting ready to be hit by the S…

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  17. luisport says:

    After soaring by over a hundred points, the DJIA subsequently plunged in a flash crash type move after Reuters carried headlines saying that the CDU budget expert said that the Eurozone leaders have clearly excluded boosting the volume of the EFSF (and the plunge has nothing to do with any ridiculous rumor of an S&P downgrade – the S&P would be sent into exile if it dared to defy Obama at this point in his debt ceiling hike victory lap). The plunge was further exacerbated by a previous interview on CNBC with Olli Rehn in which he was pressed for details on the EFSF which he naturally would not provide as obviously Germany is still not onboard. And as everyone knows, without a €1.5 trillion expansion in the SPV monetization mechanism known as the EFSF, Italy is doomed. The result: a 30 point plunge in the ES showing once again that when it comes to flash crash risk, it is once again all about Italy and insolvent Europe in general.

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  18. luisport says:

    http://www.politico.com/news/stories/0811/60803.html One day after lowering the nation’s platinum triple-A credit rating, Standard & Poor’s analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement.

    The ratings agency on Friday downgraded the nation to AA+ for the first time in history, saying partisanship in Washington is preventing dramatic deficit reduction.

    S&P managing director John Chambers told reporters on a Saturday conference call that the toxic mix of a listless economy and political infighting will cause government debt to grow.

    “Compared to some other highly rated governments, the U.S. government does not have the proactive ability to put public finances on a firm footing,” Chambers said.

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