Wall Street Woes - US Stocks Dumped on Bleak Economic Fears

Submitted by ub on Thu, 08/04/2011 - 17:18

With the Dow Jones industrial average falling down the tubes more than 500 points, the stock market has drastically dropped as Wall Street retreats downwards and economic worries smash the nation's lingering employment weakness.

US Stocks plummeted, with the Dow shedding as much as 500 points, amid worries the already sluggish American economy could stumble into another recession and the European debt crisis may soon be spreading.

Statistics indicate that this is the worst loss since 2008. The entire world is watching, while congress goes on vacation. Time to contact our representatives and insist that the political party is over!