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Asia stocks plunge after Europe elections, US data
Associated Press ^ | May 6, 2012

Posted on 05/06/2012 7:56:36 PM PDT by Free ThinkerNY

BANGKOK (AP) - Asian stocks are sliding after elections in Greece and France heightened uncertainty about Europe's ability to solve its debt crisis.

Japan's Nikkei 225 index has plunged 2.5 percent Monday to 9,142.47. Hong Kong's Hang Seng tumbled 2.5 percent to 20,564.87. South Korea's Kospi shed 1.7 percent.

(Excerpt) Read more at wxow.com ...


TOPICS: News/Current Events
KEYWORDS: business; meltdown; stockmarket

1 posted on 05/06/2012 7:56:40 PM PDT by Free ThinkerNY
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To: Free ThinkerNY

Lovely


2 posted on 05/06/2012 7:59:18 PM PDT by al baby (Hi Mom)
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To: Free ThinkerNY

...and so it begins. Debt and unemployment like we’ve never seen.


3 posted on 05/06/2012 8:00:51 PM PDT by Huskrrrr
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To: Free ThinkerNY

Strap in, boys.


4 posted on 05/06/2012 8:02:06 PM PDT by muleskinner
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To: muleskinner

Here we go


5 posted on 05/06/2012 8:02:57 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker

Eventually the central banks will be told to pound sand and a full economic reset will be done.


6 posted on 05/06/2012 8:06:31 PM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Free ThinkerNY

FOREWARD!


7 posted on 05/06/2012 8:07:21 PM PDT by Mark (Don't argue with my posts. I typed while under sniper fire..)
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To: stephenjohnbanker

I should have gotten out. Should have seen this coming. :-(


8 posted on 05/06/2012 8:08:49 PM PDT by Billthedrill
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To: Free ThinkerNY

So the Asians could see that our MSM was lying when they said unemployment fell?


9 posted on 05/06/2012 8:09:45 PM PDT by mylife (The Roar Of The Mases Could Be Farts)
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To: Free ThinkerNY

Hory Clap!


10 posted on 05/06/2012 8:10:36 PM PDT by mylife (The Roar Of The Mases Could Be Farts)
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To: DonaldC

YEP


11 posted on 05/06/2012 8:11:10 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Billthedrill

Bill....no man is an island. I told all of my friends to bail last May.


12 posted on 05/06/2012 8:12:15 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker

Not sure this one development will sink us, but it seems our economy is so weak under Obama that who gets elected in France can harpoon the USA. That shouldn’t be the case.

Oh great I’m listening to the news now. This socialist bum will increase spending and debt, is anti-American, anti-NATO, and plans to pull out of Afghanistan. A perfect friend for Obama.


13 posted on 05/06/2012 8:18:45 PM PDT by Williams
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To: Free ThinkerNY

Good luck Wi Ping


14 posted on 05/06/2012 8:18:50 PM PDT by mylife (The Roar Of The Mases Could Be Farts)
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To: Free ThinkerNY

And next the Socialists will have to invade and steal any wealth that their neighboring countries have left. History will repeat.


15 posted on 05/06/2012 8:20:01 PM PDT by MtnClimber (To the left wrong is right, down is up and backward is "Forward")
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To: Mark

16 posted on 05/06/2012 8:21:16 PM PDT by Free ThinkerNY (Live Free Or Die)
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To: Billthedrill

If Eurozone financial eruptions of the recent past are any guide, you might have a little flight to safety rally into which you can sell. It’s not necessarily going to be bad for US holdings in the very near term.

All that scared money has to land somewhere, and we’ve benefitted twice from just this effect since 2008. If it drives the dollar up as well, and it has in the recent past, there could be an opportunity to exit into another currency with a little cushion, too.

In times od Euro panic, we appear to suck less and therefore benefit, weird as it sounds.


17 posted on 05/06/2012 8:25:02 PM PDT by RegulatorCountry
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To: Free ThinkerNY

Not sure this one development will sink us, but it seems our economy is so weak under Obama that who gets elected in France can harpoon the USA. That shouldn’t be the case.”

YES


18 posted on 05/06/2012 8:26:16 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Billthedrill

When the stocks reached 5 year highs last week you knew the “Dump” part of “Pump and Dump” was coming soon


19 posted on 05/06/2012 8:29:17 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: Free ThinkerNY

Stock market drop, unemployment up, and a recession is the perfect recipe for a defeat of our sociopathic socialist president.
Axis-rod can eat sh**!


20 posted on 05/06/2012 8:32:41 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: qam1

Bingo! and thats all there has been for the past 2 years.
Pump and dump.


21 posted on 05/06/2012 8:33:11 PM PDT by mylife (The Roar Of The Mases Could Be Farts)
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To: qam1

The pump and dump may have to be sooner than later. I think originally, the plan for the short term traders was to party ‘til the cops showed up, that is close to November. Well, they might hear the sirens, and they might have to take the money and run.


22 posted on 05/06/2012 8:38:43 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: RegulatorCountry

Good. The buck is safe? I’ll take the deal on Au.


23 posted on 05/06/2012 8:40:53 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: Free ThinkerNY

PNSN -7.71% which could mean another MF Global...


24 posted on 05/06/2012 8:46:09 PM PDT by Errant
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To: grumpygresh

Don’t know that it is, but I do know recent history and behavior that suggest this won’t be bad in the very near term for US markets or currency. Beyond flight to safety effects, it’s not good. Likely a small window of opportunity. If you’re talking about Australian dollars that’s one thing, if you’re talking about gold it’s another. This could drive gold down in the very near term. Long term, there appears to be no end to instability in sight, which historically favors precious metals, but they’ve had quite a run, so I don’t know about that.


25 posted on 05/06/2012 8:55:50 PM PDT by RegulatorCountry
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To: RegulatorCountry

Au= gold. Agree, it will go down a little in the short run if the pattern is somewhat like 2008. Then, they flew out of stocks into USD/ treasuries. But the euros might park into gold somewhat more than USD than the
last time.
But as for markets, as in ‘08 the USD could be relatively strong but markets all around weak. Hussein could face the triple threat of market crash, recession and unemployment spike.


26 posted on 05/06/2012 9:06:18 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: mylife

Yeah, those Asians are pretty sharp, unlike Dummycrats and the MSM.


27 posted on 05/06/2012 9:07:22 PM PDT by Chgogal (WSJ, Coulter, Kristol, Krauthammer, Rove et al., STFU. Thank you.)
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To: grumpygresh

Hussein could face the triple threat of market crash, recession and unemployment spike.


They won’t be able to spin that to their advantage.


28 posted on 05/06/2012 9:11:47 PM PDT by unkus (Silence Is Consent)
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To: grumpygresh
Good. The buck is safe? I’ll take the deal on Au.

Yep. Been quietly accumlating Au. And Pb.
Picked up a few boxes of Pb just yesterday.

29 posted on 05/06/2012 9:14:50 PM PDT by Lancey Howard (No Romney, no way.)
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To: Williams

Can you imagine what will happen to the stock market if Ubama gets reelected?


30 posted on 05/06/2012 9:16:55 PM PDT by Lancey Howard (No Romney, no way.)
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To: RegulatorCountry; Billthedrill
I think we have more to worry about than Europe. Believe it or not Germany's, France's and Spain's GDP/Debt ratio is way lower the ours. France's is at 89%, Germany's is at 82% and Spain's is at 69%. We are over 100%.

The 2013 Fiscal Cliff Could Crush Stocks
http://online.wsj.com/article/SB10001424052702304743704577381851218376744.html#articleTabs%3Darticle

When Bush left office the GDP to debt ratio was about 70%. After 3.5 years in office that American Mugabe who resides in the WH increased the GDP to debt ratio to over 100%.

Here are the stats.
http://www.usgovernmentspending.com/federal_debt_chart.html

31 posted on 05/06/2012 9:27:45 PM PDT by Chgogal (WSJ, Coulter, Kristol, Krauthammer, Rove et al., STFU. Thank you.)
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To: Lancey Howard

dont forget the jam to go with that Pb :)


32 posted on 05/06/2012 9:41:18 PM PDT by mamelukesabre
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To: Chgogal

2013 will be ugly.


33 posted on 05/06/2012 9:42:51 PM PDT by unkus (Silence Is Consent)
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To: stephenjohnbanker
The EU is, and is playing musical chairs. When the music stops there will be many more chairs missing than just 1. They bought more time with Greece. They (EU) power players knew they could buy 9-12 months for little cost with Greece. The fear was always Spain and Italy. When the bigger boys have to pull out of the EU it fails. Now the bullies of the EU (Germany and France) figured they and were going to guarantee they had chairs. Big wrench just got dropped on the whole thing. French people just decided they wanted to play differently with different rules.

How long before Germany decide/realize they can't do it on their own. Grab all the chairs then stop the music. If they move away from the euro and leave the rest to fend for themselves then the rest are screwed. If Germany waits then they get screwed. What will the Germans do? LOL. The Germans are smart and will do what is best for them while the lazy socialists fiddle.

France just started the spiral. That vote will be felt worldwide. They just voted to live today at the expense of the future. Fucking surrender monkeys but what did the Germans expect.

What happens at home? We are in some ways worse off than France as fast as debt. We are better in the idea that we are still see safe haven.

Capital control will now rock the EU. Can't tax what you can't control.

Next week will be interesting. Too bad we don't have any statesman left in the US political arena but that would require citizens that care and vote past their own ignorant selfish needs. We are running a socialist against a Communist. We lose regardless.

Anyway Sunday will go down in history as a date in future history as the start of the end and war will follow. France's new leadership as already said they plan on meeting with ECB to dictate new direction.

Anyway, just my humble opinion - music is still playing and chairs are being grabbed.

Stay FREE!!!

34 posted on 05/06/2012 10:20:15 PM PDT by Free_in_Alabama (The average citizen is too lazy to steal from you, instead they are asking the government to do it)
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To: unkus

” Hussein could face the triple threat of market crash, recession and unemployment spike.

They won’t be able to spin that to their advantage.”

Nope


35 posted on 05/07/2012 7:14:48 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Free_in_Alabama

” Anyway Sunday will go down in history as a date in future history as the start of the end and war will follow. France’s new leadership as already said they plan on meeting with ECB to dictate new direction.”

New self destruction


36 posted on 05/07/2012 7:35:28 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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