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GLOBAL MARKETS-Greek Woes Hit Asian Shares, Euro Down
Reuters ^ | 5-4-2010 | Vikram S Subhedar

Posted on 05/04/2010 7:45:22 PM PDT by blam

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1 posted on 05/04/2010 7:45:23 PM PDT by blam
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To: blam

This doesn’t look good.


2 posted on 05/04/2010 7:48:42 PM PDT by allmost
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To: allmost

“This doesn’t look good.”


I’ve been waiting for it.


3 posted on 05/04/2010 7:50:26 PM PDT by CommieCutter (..If you think about it they are all sucker rallies...the pros know when to get out...-- Hojczyk)
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To: blam
Asian Markets Start With Big Selling, While Euro Just Keeps Heading Lower

Joe Weisenthal
May. 4, 2010, 9:58 PM

Following the big US market tank, Asian markets are picking up the baton.

Shanghai is down 8%. Hong Kong is off .2%. Tokyo remains on a long weekend.( The Nikkei 225 market is closed)

And here's the most distressing market. The euro is now decisively below $1.30, with steady selling all night and into the Asian morning.

[snip]

4 posted on 05/04/2010 7:50:49 PM PDT by blam
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To: CommieCutter

Well, here it is.


5 posted on 05/04/2010 7:52:55 PM PDT by allmost
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To: allmost

I really thought this was going to happen last year.


6 posted on 05/04/2010 7:54:28 PM PDT by CommieCutter (..If you think about it they are all sucker rallies...the pros know when to get out...-- Hojczyk)
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To: blam
"Following the big US market tank, Asian markets are picking up the baton."

But according to the current occupant of the White House, it's all the previous administration's fault...

7 posted on 05/04/2010 7:55:34 PM PDT by Redbob (W.W.J.B.D.: "What Would Jack Bauer Do?")
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To: All

If we selloff in the AM...I’m buying at 1 30.

This could be a nice buying opportunity.

...or not lol....but I’m going in.


8 posted on 05/04/2010 7:56:34 PM PDT by rbmillerjr ("Palinphobia has, for 20 months, been the one constant among liberals in America.")
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To: CommieCutter

What in particular?


9 posted on 05/04/2010 7:57:44 PM PDT by allmost
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To: blam
fears that Greece's debt woes could spread to other countries.

Wrong statement. Correct statement: fears that scrutiny of Greece's debt is also uncovering major debt problems in other countries.

10 posted on 05/04/2010 7:58:42 PM PDT by mlocher (USA is a sovereign nation)
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To: blam

Oh ****


11 posted on 05/04/2010 7:59:56 PM PDT by mylife (Opinions...$1 Halfbaked...50c)
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To: rbmillerjr
This could be a nice buying opportunity.

I agree. Dollar up 1%, DJIA down 2% -- a 1% gap perhaps of overcorrection. I bought two positions just before the closing bell hoping to make a quick buck, betting on the overcorrection theory. If not, I am am long term investor!

12 posted on 05/04/2010 8:02:27 PM PDT by mlocher (USA is a sovereign nation)
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To: blam
Data Insights » EQUITY INDEXES INDEX VALUE CHANGE % Δ Nikkei 11057.40 132.61 1.21 TOPIX 987.04 9.40 0.96 Hang Seng 20374.50 -388.57 -1.87 S&P/ASX 200 4649.60 -87.50 -1.85 Shanghai 2782.85 -52.43 -1.85 Dow 10926.80 -225.06 -2.02 Nasdaq 2424.25 -74.49 -2.98 S&P 500 1173.60 -28.66 -2.38 S&P/TSX 12030.90 -165.65 -1.36 Mexico Bolsa 32120.70 -711.80 -2.17 Brazil Bovespa 64869.30 -2250.09 -3.35 FUTURES INDEX VALUE CHANGE % Δ STOXX 50 2656.00 -104.00 -3.77 FTSE 100 5376.00 -131.50 -2.39 CAC 40 3633.50 -126.50 -3.36 DAX 6016.00 -156.00 -2.53 FTSE MIB 20242.00 -958.00 -4.52
13 posted on 05/04/2010 8:02:46 PM PDT by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
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To: allmost

Currency Collapse/Global Depression.

I hope I’m wrong. I hope it’s just the infamous double dip coming our way.


14 posted on 05/04/2010 8:03:18 PM PDT by CommieCutter (..If you think about it they are all sucker rallies...the pros know when to get out...-- Hojczyk)
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To: blam
Mexico, Brazilian stocks fall sharply as Greece fears soar
15 posted on 05/04/2010 8:04:19 PM PDT by blam
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To: CommieCutter

I hope you are right.


16 posted on 05/04/2010 8:06:32 PM PDT by allmost
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To: blam; Travis McGee

Whoa baby-—this is not pretty.


17 posted on 05/04/2010 8:11:14 PM PDT by BOBTHENAILER (EPA will rule your life)
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The DOW hit a PERFECT 61.8 retracement from 07 highs, came back to retest and failed miserably. Hang on, we are going down.


18 posted on 05/04/2010 8:26:46 PM PDT by foolishboi (Under certain circumstances profanity provides relief denied even to prayer...... Mark Twain)
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To: BOBTHENAILER
Does Anyone Remember 1931? (Karl Denninger)
19 posted on 05/04/2010 8:27:22 PM PDT by blam
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To: blam
Hong Kong slumps early as property shares slide
20 posted on 05/04/2010 8:36:34 PM PDT by blam
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