REAL CONSERVATIVES

NEVER TOLERATE TYRANNY!....Conservative voices from the GRASSROOTS.

Sure EBOLA is a horrible plague on our nation, lucky thing our economy is in a strong recovery???

Or is it?

Hey!

According to the Obama "Bureau of Labor Statistics" AKA BLS . . . . or just "BS" for short,

The percentage of unemployed dropped to just under 6%. There are (ONLY) 9,300,000 that's nine(M)illion three hundred thousand people without jobs.

But what about the stock market? Isn't IT doing great under Obama and the "smarter than you" democrats?

`

Stocks plunge; Nasdaq Composite near correction

`

U.S. stocks on Monday fell for a third session, with the S&P 500 closing below its 200-day moving average and the Nasdaq Composite off 8.6 percent from its September record, as investors awaited earnings and fretted signs of a slowing global economy.

"I haven't seen one bit of news, but we've had another failed late-day rally; everyone has been staring at their screens at the 1,905 level. Once you get past 3 o'clock and you can't stay above it, we've now officially broken what's considered an important technical level for the first time since November 2012," said Peter Boockvar, chief market analyst at the Lindsey Group.

"That's what has brought out the panic," Boockvar added of the market's rapid descent, which had benchmark indexes spiraling downward as the end of the session approached.

"There is a huge question mark about what does growth look like. The U.S. was the best house in a bad neighborhood, but we didn't realize the neighborhood might have been deteriorating faster than we realized. Europe is a big question mark, and China seems happy with its lower growth rate," said Kim Forrest, senior equity analyst at Fort Pitt Capital.

During the weekend, Federal Reserve officials said the central bank might move more slowly on raising interest rates if weak growth overseas threatens the U.S. recovery.

CSX rallied as the rail operator declined to comment on a Wall Street Journal report that it's been approached by Canadian Pacific Railway about a possible merger. J.C. Penney surged after naming Home Depot executive Marvin Ellison as president of the department-store chain, with plans for him to take the helm as chief executive officer in 2015.

The CBOE Volatility Index, a measure of investor uncertainty, surged 16 percent to 24.64, its highest close since June 2012.

While hitting its highest level in more than a year, the VIX is "not at a crazy worry we're going into a bear market by any stretch," said Randy Frederick, managing director of trading and derivatives at Charles Schwab.

Symbol
Name
Price
 
Change
%Change
DJIA Dow Jones Industrial Average 16321.07
 
-223.03 -1.35%
S&P 500 S&P 500 Index 1874.74
 
-31.39 -1.65%
NASDAQ Nasdaq Composite Index 4213.66
 
-62.58 -1.46%

Erasing a 50-point gain, the Dow Jones Industrial Average fell 223.03 points, or 1.3 percent, to 16,321.07, with Merck & Co. fronting blue-chip losses that included all 30 components.

Falling below its 200-day moving average, the S&P 500 shed 31.39 points, or 1.7 percent, to 1,874.74, down 7 percent from its bull-market high.

The Nasdaq dropped 62.58 points, or 1.5 percent, to 4,213.66.

"If the market is going to find a bottom in the near term, we want to see the S&P 500 and Nasdaq Composite close back over their 200-day moving averages at 1,905 and 4,300 respectively," Elliot Spar, market strategist at Stifel, Nicolaus & Co., emailed in afternoon commentary ahead of the close.

I guess not!

Is there ANYTHING (POSITIVE)  we can write about?

The news under Obama has been one disaster after another, kind of like the way the Obama lies have tried to deceive us, one lie after another.

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Comment by PHILIP SCHNEIDER on October 13, 2014 at 7:25pm

They studied "obese lesbians"? I didn't know that! Are there some?

Comment by Chris Horne on October 13, 2014 at 5:44pm

NOW THE DEVIL DEMS SAY EBOLA IS THE REPUBS CUT FUNDING TO NIH, BULLSHIT!  THEY CUT SPENDING AND THEN USED WHAT LITTLE MONEY THE REPUBS GOT THRU FOR A STUDY ON OBESE LESBIANS, THIS IS GOING TO GET DOWN AND DIRTY, KNOW ANY DEMS?

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