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Friday, March 02, 2007
The worst week since 2003. Not only in Iraq and Afghanistan. On Wall Street too (
U.S. stocks tumbled again Friday as traders fretted about the possibility of a prolonged period of weakness in equities.

Major indexes are now about 5% below their recent closing highs. They declined gradually throughout the day, while still bouncing around with the volatility that has been ubiquitous this week, and made a final, sharp downturn in the closing minutes.

The Dow Jones Industrial Average fell 120.24 to 12114.10, down seven of the past eight sessions. The Dow suffered its biggest weekly percentage drop – 4.2% -- since the week ended March 28, 2003. The S&P 500 lost 16 to 1387.17. It declined 4.4% on the week, its biggest fall since the week ended Jan. 24, 2003. The Nasdaq Composite Index was off 36.21, or 1.5%, to 2368, ending at its lowest level of the day. It absorbed its biggest weekly percentage drop since Aug. 6, 2004. [...]

Meanwhile, traders digested more troubling economic data. The University of Michigan's final reading on consumer confidence for February fell to 91.3 from 96.9 at the end of January, further than previously estimated, reaching a five-month low as concerns over incomes and jobs in a slowing economy weighed on confidence.
This news brought to you by the same people who wanted to privatize your Social Security assets, which would be about 5% less in the two months since the start of this year — if they had gotten their way.

Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top

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