Posted on 01/28/2011 1:47:39 PM PST by Signalman
NEW YORK (CNNMoney) -- U.S. stocks plunged Friday, with the three major index logging the worst daily drops in months, as investors grew nervous about political unrest in Egypt.
The Dow Jones industrial average (INDU) lost 166 points, or 1.4%, the biggest daily drop since Nov. 16, 2010. A 3.9% drop in Microsoft's (MSFT, Fortune 500) stock led the blue chips lower despite the company posting record sales of $20 billion. The deep losses also ended the Dow's 8-week winning streak. The index slipped 0.4% during the week.
(Excerpt) Read more at money.cnn.com ...
and here I thought it was the “unexpectedly” low 3.2% GDP rise for 4qtr.
But you must admit, it's a damn good excuse for the insiders to pull the rug out on the unsuspecting.
“Look for $4 (maybe $5 or even $6) a gal real soon, and if the Suez get’s closed, which is a real possibility, then all bets are off.”
As you’ve probably heard many times before - I hope you’re wrong, but I fear you are right.
Good point. I remember hearing a story about the rothchilds. Apparently in england everyone was waiting to hear if napoleon won or lost the battle of waterloo. Rothchild sent out his people to get the news first. When word came back that Napoleon lost, he spread the rumor Napoleon won, the british market tanked, and he cleaned up. Of course it was too late when they discovered what he did.
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