moderate libertarian
09-22-2011, 08:44 PM
Fed's statement offered nothing new, eveyone knew of other economic issues. What suddenly changed in last 24 hours that caused 4-5% drop across the globe in last 24 hours ?
Were markets spooked by Obama UN speech perhaps pricing in greater mideast instability/US wars spending after his opposition to Palestinain independence and warning of more violence by Palestinian leaders?
Investors watch $500 billion slip away in one day
By Blake Ellis September 22, 2011: 5:34 PM ET
http://money.cnn.com/2011/09/22/markets/stock_market_loss/index.htm
Obama speech before this 9/11 anniversary had also spooked markets for different reasons:
Stock markets plunge after Obama speech
The Dow Jones dropped by about 3 percent, or 332 points, shortly before the 4 p.m. close. | AP Photo Close
By JOSH BOAK | 9/9/11
Read more: http://www.politico.com/news/stories/0911/63110.html#ixzz1YjvRGCud
Were markets spooked by Obama UN speech perhaps pricing in greater mideast instability/US wars spending after his opposition to Palestinain independence and warning of more violence by Palestinian leaders?
Investors watch $500 billion slip away in one day
By Blake Ellis September 22, 2011: 5:34 PM ET
http://money.cnn.com/2011/09/22/markets/stock_market_loss/index.htm
Obama speech before this 9/11 anniversary had also spooked markets for different reasons:
Stock markets plunge after Obama speech
The Dow Jones dropped by about 3 percent, or 332 points, shortly before the 4 p.m. close. | AP Photo Close
By JOSH BOAK | 9/9/11
Read more: http://www.politico.com/news/stories/0911/63110.html#ixzz1YjvRGCud