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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 ).


21 posted on 04/27/2010 12:20:34 PM PDT by SeekAndFind
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To: SeattleBruce

22 posted on 04/27/2010 12:47:16 PM PDT by Deo volente (God willing, America will survive this Obamination.)
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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.)
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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!)
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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!)
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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
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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)
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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.


28 posted on 04/27/2010 1:20:05 PM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: ding_dong_daddy_from_dumas; stephenjohnbanker

banking reform?


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")
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To: sickoflibs
banking reform?

Deform.

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)
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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)
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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)
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To: manc

Thwy are socialists and are certain that Obozo will bail them out.


33 posted on 04/27/2010 4:45:44 PM PDT by screaminsunshine (i)
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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!
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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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