Posted on 05/05/2010 12:56:30 PM PDT by mlocher
NEW YORK (Reuters) - U.S. stocks slipped on Wednesday on worries that Greece's debt crisis could spread to other euro zone nations, but losses were pared as some investors looked for bargains a day after a hefty sell-off.
Doubts about Europe's plan to rescue Greece and fears its debt problems could hinder global growth drove investors to safe-havens, boosting U.S. Treasuries and driving down European stocks and the euro.
European leaders warned the euro zone debt crisis could spread beyond Greece, and Moody's Investors Service said Portugal could be next to have its debt downgraded.
In a potentially positive sign, the German parliament's budget committee approved a draft law on Germany's contribution to a financial aid package for Greece. The news coincided with an earlier bounce in stocks.
"The focus right now is primarily on how this is going to play out in Europe, how much damage is going to be done," said Marc Pado, U.S. market strategist at Cantor Fitzgerald & Co, in San Francisco.
(Excerpt) Read more at news.fidelity.com ...
the one with the most scotch to sell.
Oh No! The blood is actually draining from my face.
That would have brought him pretty near where I live (major bottling plant).
Well, I dodged an enormous blubbery bullet there.
hey, Turkey, you should be very happy that the EU would not take you
An excellent point. Diogenes spent a good portion of his life in Corinth. He once told Alexander the Great to "stand out of my light." Can you imagine his fate if he said that to der Fuhrer.
:)
OK, that cancels out the flaming cheese. Altho there may be a joke in there somewhere.
I have no idea who that is.
Agape love is good. Progress has a taint on it tho.
true but we are translating “prodos” from a language that is several millenia old, and has three fewer letters and a few that have no english match.
Yeah, it’s just me. ;)
Average lifespan, including infants.
Average lifespan of those past 5 was not much different than now, about 65 or so.
The only thing Greece is giving me is a headache!
The Germans are less than thrilled about bailing the greeks out because, as Dr. Krauthammer suggested, there is a huge difference between greek and german societies in terms of individual productivity.
The greeks work less and therefore provide less.
While the greek people are not pan-handlers, i wouldn’t want them on my payroll.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.