Posted on 05/07/2010 11:26:55 AM PDT by NormsRevenge
LONDON – A strong set of U.S. jobs data Friday failed to shore up confidence in world markets as stocks plunged again amid mounting fears that Europe's debt crisis could spread and derail the global economic recovery.
In Britain, where investors were grappling with uncertain general election results, the FTSE 100 index slid 209.98 points, or 4 percent, at 5,051.01, while the pound oscillated wildly.
Germany's DAX slid 226.05 points, or 3.8 percent, to 5,682.21 while the CAC-40 in France was 112.56 points, or 3.2 percent, lower at 3,443.55.
And on Wall Street, the Dow Jones industrial average plunged 210.09 points, or 2 percent, to 10,310.23 soon after the open while the broader Standard & Poor's 500 index tumbled 26.30 points, or 2.3 percent, to 1,101.85.
There had been hopes that Wall Street would open higher after strong U.S. jobs data helped push other concerns, primarily centered on Europe's debt crisis, aside for a while.
(Excerpt) Read more at news.yahoo.com ...
They are nothing but propaganda mouthpeices for the far left.
Frantzie, Frantzie, you are off-base here. AP headlines, like those from the NYT, CBS, MSNBC and so many others require no commentary, no cautionary text.
Freepers don’t have to pass a written loyalty test every time they post articles from these sources. We instantly get that the article is gibberish, and that it has been put up for ridicule.
I heard the eurolenders (German) are demanding the Greeks privatize their healthcare system
if so, oh the irony
eventually , they’ll fold up like wilted flowers in the desert of the internet.. we just have to keep the heat on them.
The world no longer believes you bastards either.
LLS
Probably because everyone realizes the "strong set of U.S. jobs data" is a bunch of BS.
Hunkering down time is far from over. Some days it seems like hunkering down time extends itself exponentially.
Time for a beer summit yet.. I hope Merkel brings some this time... and some beer maidens too.. :-)
I cannot wait for the day when the MSM is just another URL
It gets tiring wading through the propaganda BS in almost every post. Ditto the endless pitbull stories or the stupid semi-satires. “we need more balance.” ;-)
Hunkering down time is far from over. Some days it seems like hunkering down time extends itself exponentially.
—
the same might be said for the continued infatuation with Rinos by the state and national GooP and even a few here at FR. 8]
Traders don’t want to be long over a weekend - a lot can happen.
Apparently, people investing there own money can read the actual job reports as opposed to AP propaganda.
404
“There had been hopes that Wall Street would open higher after strong U.S. jobs data helped push other concerns...”
Yeah, well not all of us were born yesterday.
Beck’s been right all along on this.
Oh man, somebody post those beer-maidens up!
One upshot from all this Greek Tragedy: I certainly have more respect - and empathy - for the Germans than I used to.
The Obamanoids in his state run "media" are a hoot! They'll say anything to defend and pimp for their "messiah". Those who don't care about their own credibility are worthless human beings.
Fair point :0)
lol
“...despite strong US jobs data”
— — —
What species of toads are these stupid libs licking?
Employment rate dropped again, the jobless claims are still rising, and the stock market is tanking.
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