Dow drops 122 points, has worst May in 70 years

obamafacepalmWell the stock market went up and up over the past several months, surpassing 11,000 all we heard from the liberals and the lame stream media is how Obama has fixed everything and the stock market has made a major recovery. Prior to that, they didn’t care about the “day to day gyrations.” Now, after the worst May in over 70 years, progressive liberals and the media don’t seem to care much about the day to day gyrations again. The Dow Jones industrial average (INDU) lost 122 points, or 1.2%. The S&P 500 index (SPX) fell 14 points, or 1.2%, and the Nasdaq composite (COMP) dropped 21 points, or 0.9%. The Dow lost 7.9%, for the month of May 2010, the worst month since February 2009, when it fell 11.7%, and worst May since 1940, when it plunged 21.7%. The Nasdaq lost 8.3%, its worst month since November 2008, when it dropped 10.8%, and its worst May since 2000, when it skidded 11.9%. The S&P 500 declined 8.2%, its worst month since February 2009, when there was an 11% loss, and its worst May since 1962, when the drop was 8.6%.

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May 28, 2010 · Filed Under economy


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