Did the stock market drop 220 points today because of a weakening dollar?

[Deja Q]

http://money.cnn.com/2008/01/02/news/economy/fed_minutes_analysis/index.htm?postversion=2008010216

Fed to investors: More cuts coming
Ben Bernanke and other Fed members say 'substantial easing' may be needed. But markets, still concerned about recession, plunge.

One can only hope things work out...

[David Dunham]

1. No because they are afraid of Obama

[Mojorabbit]

5. ?

What do you mean?

[skipos]

6. I hope you are joking.

Otherwise, that is the kind of comment I'd expect from Dick Cheney.

[yourout]

2. I think there are several reason......Mortgage mess, Oil over $100, ....

I hope it stabalizes soon......I have been sitting on my Simple Plan money waiting for things to quiet down.

[barb162]

7. Don't expect things to quiet down because oil and finance markets

and a few other things are a mess.

[Bitwit1234]

3. All financial sites said they fear a recession.

[Wcross]

4. No, it was due to TEOTWAWKI. Duck & cover!

Seriously!

The manufacturing index went down more than expected- despite a weak dollar. More bad to follow I am afraid.

[OHdem10]

8. Oil at 99.23 j(100 Dollars) had some role .also

[Ineedchange]

9. Let Me Count The Ways

1. Weak Dollar
2. U.S. Debt Bill Keep Going Up
3. Mortgage Crisis
4. Credit Crunch
5. Reduce Manufacturing Base
6. Systematic Destruction of The Middle Class
7. Open Borders
8. If the DEMs win - No More - No Bid Contracts to the Industrial War Complex
9. The End of Disaster Capitalism if the DEMs win
10. No More Rebates for Oil Companies
11. Hugh Trade Deficits not being wiped out/reduced by Weak Dollar
12. An illegal war in Iraq
13. The Citizens of America Are Starting to Get a Back Bone
14. 1-13 Are all linked to our survival as a nation.

Vote Edwards in the Primary-------

Waiting to vote in November will be to LATE!!!!!