Yeah, it just keeps getting worse with everything the minister of Hope and Change has 0bamaized.
It is damn depressing watching him do his damage of government over growth and over regulation.
NEW YORK (CNNMoney) -- Turmoil returned to the stock markets on Thursday, as renewed concerns about the U.S. and global economies sent major indexes plunging and pushed gold to a new record high.
Investors rushed to move their money into safe U.S. government bonds -- and yields on the benchmark 10-year Treasury fell to a record low below 2%.
Investors were walloped by bad news on multiple fronts: Morgan Stanley put out a dismal forecast for global economic growth. A key reading on housing came in worse than expected. And a report showed a significant slowdown in manufacturing.
"We had a couple days to stabilize and breathe, but you forget that it's a war zone out there and there's just too much uncertainty about the economy," said Frank Davis, director of sales and trading at LEK Securities.
The Dow Jones industrial average dropped 457 points, or 4%, after falling as much as 528 points. The S&P 500 was down 51 points, or 4.3%; and the Nasdaq Composite lost 116 points, or 4.7%.
All 30 members of the Dow were in the red, with Bank of America shares plunging 8%. Only four members of the S&P 500 were trading higher. Read the rest of 0bama's mess here.