Posted on 09/01/2009 11:32:05 PM PDT by 2ndDivisionVet
Asian stock markets pulled back Wednesday, sending Japan's benchmark down nearly 3 percent, after an overnight sell-off on Wall Street amid fears about the U.S. financial sector.
Selling across the region was broad, with banks, commodity producers and exporters taking big hits. Oil prices rebounded slightly to trade just above $68 a barrel, while the dollar weakened against the yen.
Investors were showing little appetite for risky assets after U.S. markets tumbled as rumors about escalating troubles in the banking sector revived concerns about the health of the financial industry and the economy as a whole.
After a powerful six-month rally, markets worldwide have started teetering, pressured by worries about diminished liquidity and lofty stock prices analysts say have gotten out of sync with economic fundamentals.(continued)
(Excerpt) Read more at abcnews.go.com ...
Nothing supporting anything.
Some green shoots are ivy..
poison ivy!!
An economy (and administration) about nothing...
Goldman Sachs, Time magazine, and the rest of the MSM are all gushing about a “new bull market” in stocks this Fall.
The market disagrees, and with good reason. There is deep concern about not only the state of the economy, but also the health of the banks. At least 84 banks have failed so far this year, and there is no telling how many more will follow. The FDIC trust fund is running low.
Well from what I can tell the Green Shhots are about to be hit with Agent Ornage followed by napalm.
Not good. The market is probably headed back down. Poor seniors. I have no sympathy for the ones who voted for Obama. They deserve the red pill.
This should be good for at least 70+ on the DOW and 20+ on the Nasdaq today.
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