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US Stocks Tumble After S&P Cuts Greece, Portugal; DJIA Off 128
Marketwatch ^
| 4/27/2010
| Donna Kardos
Posted on 04/27/2010 11:17:01 AM PDT by SeattleBruce
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To: OB1kNOb
The P.I.I.G.S are starting to squeal one by one.
My bet is one of the ‘I’s in the acronym survive ( i.e. Ireland ).
To: SeattleBruce
22
posted on
04/27/2010 12:47:16 PM PDT
by
Deo volente
(God willing, America will survive this Obamination.)
To: SeattleBruce
If S&P or Moody were credible, the US wouldn’t have a AAA rating.
23
posted on
04/27/2010 12:55:58 PM PDT
by
Psycho_Bunny
(The Quran and Mein Kampf: if you've read one you've read them both.)
To: SeattleBruce
Dow off 213 and is below 11,000. Also S & P 500 is below key 1200 level.
24
posted on
04/27/2010 12:58:44 PM PDT
by
SeattleBruce
(God, Family, Church, Country - 11/2010, 11/2012 - Tea Party like it's 1773 & pray 2 Chronicles 7:14!)
To: maryz
“unconventional” = Bailout $$?
25
posted on
04/27/2010 1:00:59 PM PDT
by
SeattleBruce
(God, Family, Church, Country - 11/2010, 11/2012 - Tea Party like it's 1773 & pray 2 Chronicles 7:14!)
To: SeattleBruce
I wondered about that -- but bailout $$ isn't "earnings" in any sense -- should be listed with bribe money (is that a line item anywhere?)! Maybe accountants and stock analysts just need some new vocabulary; the "conventional" just ain't doin' it . . . ;-)
26
posted on
04/27/2010 1:06:31 PM PDT
by
maryz
To: stephenjohnbanker; sickoflibs
Dow off 213 and is below 11,000. Also S & P 500 is below key 1200 level.I wonder if this is related to Lindsey Graham threatening to drop crap and trade? Some of the megabanks were hoping to make money on the CCX.
27
posted on
04/27/2010 1:18:04 PM PDT
by
ding_dong_daddy_from_dumas
(Pat Caddell: Democrats are drinking kool-aid in a political Jonestown)
To: SeattleBruce
socialism only works until you run out of other peoples money.
The socialist dominoes are about to start falling world wide.
And make no mistake it will be children and minorities hardest hit.
To: ding_dong_daddy_from_dumas; stephenjohnbanker
29
posted on
04/27/2010 1:20:56 PM PDT
by
sickoflibs
( "It's not the taxes, the redistribution is the federal spending=taxes delayed")
To: sickoflibs
30
posted on
04/27/2010 1:26:14 PM PDT
by
ding_dong_daddy_from_dumas
(Pat Caddell: Democrats are drinking kool-aid in a political Jonestown)
To: sickoflibs
banking reform?Deform.
31
posted on
04/27/2010 1:28:07 PM PDT
by
ding_dong_daddy_from_dumas
(Pat Caddell: Democrats are drinking kool-aid in a political Jonestown)
To: screaminsunshine
the only way for the MSM to actually report anything on bozo truth fully is if the get hit in their own pocket and see their 401k’s and retirements go down
sad to say but it’s the only way I see the corrupted media reporting fairly
32
posted on
04/27/2010 4:15:59 PM PDT
by
manc
(WILL OBAMA EVER GO TO CHURCH ON A SUNDAY OR WILL HE LET THE MEDIA BE FOOLED FOR EVER)
To: manc
Thwy are socialists and are certain that Obozo will bail them out.
To: C210N
Oil down slightly (expectations for continued recession...) More than likely that price change was based on currency fluctuations - increasing dollar strength typically results in lower oil prices.
As you note - copper is the interesting one to watch. Silver is another. Commodities such as these - which have vastly more industrial uses than gold, are more valuable indicators of industrial activity, though I think they are a bit slower to respond to global demand than what can or should occur from a Greek debt downgrade (non-professional opinion). And as always - the variation in dollar strength has to be factored in...
My guess - today's news Greece, Portugal, congress looking for more blood money, etc., were just an excuse for profit taking after months of low volume trade driving prices up more quickly than appropriate. None of the news today should have been unexpected.
There is always money to be made...
34
posted on
04/27/2010 5:38:32 PM PDT
by
!1776!
To: screaminsunshine
Why leave the DOW out? Has no value anymore except as another propaganda tool for The Marxist Onada.
35
posted on
04/27/2010 6:04:17 PM PDT
by
dools007
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