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View Full Version : Obama speech led to global markets crash?




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

acptulsa
09-22-2011, 08:52 PM
Well, we're used to his speeches causing U.S. markets to dip. But this is just special.

Guess we're still superpower enough to scare the world by electing idiots, if nothing else.