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Great news: Dow crumbles again, closes below 8,000
Hot Air » Top Picks — ... How bad is it? Ford stock lost 25 percent of its value — which these days means 42 cents . I figured you guys would want a thread to blame Obama, so have at it. And take the poll. Not that there’s much value in predicting the inherently unpredictable, but I’m curious to see where my famous pessimism stacks up versus the readership’s at this point. As the ...

Stock Market Crash: Dow Below 8000
Stop The ACLU — Details: U.S. stocks thudded sharply lower on Wednesday to finish at more than five-years, with financial powerhouse Citigroup Inc. pummeled by its greatest one-day percentage drop as fears intensified about its fate as well as the U.S. auto industry.“It [Citigroup] needs to be rescued, but we’re not in that business anymore. And look at the outlook that the Fed painted in its minutes of the last meeting, and we don’t get a rosy picture,” said Art Hogan, chief market strategist at Jefferies & Co.“It’s a combination of comments from [Fed Chairman Ben] Bernanke and [Treasury ...