Post User Polls

Will the market's reversal reignite the U.S recession?

Fears that debt problems in Greece could extend to European countries caused the Dow Jones industrial average to drop nearly 1,000 points today. Read the full article.

By Jodi Westrick  |  May 6, 2010; 2:53 PM ET  | Category:  National Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
Previous: Is it ever OK to strip an American of his or her citizenship? | Next: How did Betty White do on Saturday Night Live?

Comments

Please email us to report offensive comments.



You know what? It'll ignite it as long as the press keeps fear mongering about it.

Posted by: Chasmosaur1 | May 6, 2010 6:10 PM

While many have used the stock market as a barometer of the economy, the truth is that it is not a very accurate one. After all, while it has been soaring above 11k for a few weeks, unemployment continues to be high, foreclosures continue, and while improving, consumer spending is still bland. So, just as a rising market is not the best or most accurate measure of economic recovery, neither is a falling one. Especially considering that 1k drop occurred in just 10 minutes and there have been suggestions [see NPR] made it may have been caused by a computer glitch or a miskey concerning number entry [Apparently someone keyed in B for billion rather than M for million]

Posted by: matthenry1 | May 6, 2010 7:08 PM

This is just more Wall St B***S***. This is Goldman reminding everyone that they are still 'The Man'. The Feds should shut Wall St down and put all these criminals in prison.

Posted by: mikald | May 6, 2010 9:22 PM

Greece just went bankrupt with Spain and Portugal not far behind. The market fears the old domino theory as applied to economics - one goes down they all go down. Germany just sent them billions to bail out the government and so did the IMF - they will be extremely lucky to ever get a dime back.

The Greek government is corrupt and communist unions riot when they don't get their way. It is a disaster for the Euro like the oil spill is for the Gulf of Mexico. How much debt is underwritten by US investments?

Posted by: alance | May 6, 2010 10:08 PM


In March 2000, a sharp drop in the NAS was quickly remedied but then the whole market sank in the weeks that followed and has been low since. But then in October 1987, a 20% drop occured one day and the market recovered after a few months.

Posted by: blasmaic | May 7, 2010 11:42 AM

I think it's time to let Vegas run the market. Their house takes a smaller cut and runs a cleaner game.

Posted by: pbassjbass | May 7, 2010 1:22 PM

Re-ignite????! When did it go away? What laws and regulations have been passed to prevent financial industry calamity from occuring every few months if not every year? What has changed exactly that would cause anyone NOT to think this will happen on a regular basis???
Are there ANY journalist with an IQ above 10? Is there ANYONE in the Obama Administration or our Congress with and IQ over 10?

Posted by: Impeachbush99 | May 7, 2010 2:32 PM

OH GEE COULD IT BE, HOW DUMB CAN THEY BE ? THE ECONOMY IS COLLASPING. REIGNITE RECESSION BEEN GOING ON AN NEVER STOPPED, WHAT DID THEY EXPECT ? THE ECONOMY IS COLLASPING WHAT THAT WILL MEAN IS ALL THE MONEY THEY STOLE IS WORTH NOTHING, NADA ZERO ZIP. THEY ARE GETTING THEIR FINAL COME UPPINGS.

Posted by: JWTX | May 7, 2010 3:17 PM

Don't know if it will reignite the recession but it will reignite my stock buying.

Posted by: hipshot | May 7, 2010 3:24 PM

"You know what? It'll ignite it as long as the press keeps fear mongering about it."

This is a valid point. The Press (especially Mr. Toles) has never missed a chance to point out "negative" information. Even when it is so very questionable. Like employment being slow to return, when most know that is a lagging indicator.

Some shame on the Post.

Posted by: GaryEMasters | May 7, 2010 6:00 PM

"Are there ANY journalist with an IQ above 10? Is there ANYONE in the Obama Administration or our Congress with and IQ over 10?"

Well, yes.

If someone does not agree with you, it does not mean that they are stupid. It just means they do not agree.

Why not ask them why?

(As in the first step to enlightenment.)

Posted by: GaryEMasters | May 7, 2010 6:05 PM

Subtract government stimulus and we have never left the recession.

Posted by: slim2 | May 7, 2010 6:24 PM

1) "You ain'y seen nothin yet" as regards a "bottom". (2) the recession ignited in January 2009 (was it the 20th?), (3) the recession is to be blamed squarely on Sen. Dodd, Rep. Franks, and the complient quasi-government organizations that enthusiastically followed their marching orders and started rubber-stamping "OK" (for "all correct") oand backing loans made to illegal aliens, people out of work, people who could walk into a bank without any means whatsoever of paying a mortgage.

Posted by: tucanofulano | May 7, 2010 8:53 PM

re-ignite? LMAO 9.9% unemployment after borrowing nearly a trillion $$ for a so called stimulus? It has been a steady down hill slide of wasteful spending and demonic legislation since Obama took office.

Worst part is... it is all on purpose. google the Cloward-Piven strategy.

Posted by: Straightline | May 7, 2010 10:47 PM

The comments to this entry are closed.

 
RSS Feed
Subscribe to The Post

© 2011 The Washington Post Company