Here is the headline and news clip:
Dow Tumbling Toward 10,000; VIX Tops 25
Stocks tumbled 2 percent Thursday, putting the Dow dangerously close to breaking through 10,000, amid worries about the US job market and Europe's ability to get a grip on its debt.
Major indexes were down more than 2 percent. Alcoa, JPMorgan and Bank of America led the decline on the Dow Jones Industrial Average. Just one of the 30 Dow components was higher — Cisco.
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Editor's notes: let's be careful with this one. The stock market is definitely on the "downs." Many of my conservative friends are giving Obama credit for this trend, citing his aggressive stance against the banking industry. We do not agree. He has been no more aggressive now than six months ago. We at Midknight Review have noted a persistent warning, over the course of the past two weeks, of a pending Wall Street "adjustment" of between 10% and 15%. If the higher percentage is the fact, the market will fall below to 9,000 or a below. The downward trend is expected to last less than a month. Of course, my conservative friends could be right. Time will tell. If they are, Obama's economic "plans" will forever be considered as a not-so-funny joke -- jds.
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