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 Post subject: US futures off before Obama addresses fiscal cliff
PostPosted: Fri Nov 09, 2012 9:30 am 
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Joined: Fri Jul 30, 2010 4:31 pm
Posts: 6244
NEW YORK (AP) - U.S. stock futures are falling in some of the heaviest trading this week before President Barack Obama addresses the so-called fiscal cliff, an issue that has driven markets lower since his re-election three days ago.

Dow Jones industrial futures are down 57 points to 12,718. The broader S&P futures have fallen 6 points to 1,369.30. Nasdaq futures are down 5.5 points to 2,566.50.

What Obama says Friday will give markets a better idea of what path lies ahead in a showdown with Republicans and the odds of avoiding the one-two punch of tax increases and automatic spending cuts due in January.

Also on Friday, J.C. Penney shocked investors again with a loss of $123 million for the quarter. Like the previous quarter, it is much worse than was expected.

:lol: :lol: :lol:


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 Post subject: Re: US futures off before Obama addresses fiscal cliff
PostPosted: Sat Nov 10, 2012 4:16 am 
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Joined: Fri Jul 30, 2010 3:39 pm
Posts: 544
Well I just supported jc penny


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 Post subject: Re: US futures off before Obama addresses fiscal cliff
PostPosted: Sat Nov 10, 2012 12:26 pm 
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Joined: Fri Jul 30, 2010 1:50 pm
Posts: 1714
Location: Lancaster, PA
I saw a hilarious spin on the stock market drop by a CNBC analyst this morning. It not due to Obama's reelection; it's because of Romney's defeat. :lol:


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 Post subject: Re: US futures off before Obama addresses fiscal cliff
PostPosted: Sat Nov 10, 2012 12:50 pm 
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Joined: Fri Jul 30, 2010 4:31 pm
Posts: 6244
Rudey wrote:
It's not due to Obama's reelection :lol:

Of course not. Golden Boy can do no wrong.


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