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Europe Is Getting Hammered Prior To U.S. Market Open (US Opens Down 248)
The Business Insider ^ | 5-25-2010 | Gregory White

Posted on 05/25/2010 6:38:41 AM PDT by blam

Europe Is Getting Hammered Prior To U.S. Market Open

Gregory White
May 25, 2010, 9:17 AM

European indices are getting crushed by the expansion of concerns over the Spanish banking situation and interbank lending on the continent.

Spain IBEX, down 4.22%

Italy's MIB, down 4.7%

German DAX, down 2.82%

French CAC, down 3.7%

UK FTSE, down 2.91%

Tags: Markets, Europe

(Excerpt) Read more at businessinsider.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: djia; europe; markets; stocks
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The DJIA is down 248 as I post. See here.
1 posted on 05/25/2010 6:38:41 AM PDT by blam
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To: blam

Obamah Beatdown !!


2 posted on 05/25/2010 6:40:42 AM PDT by TexasCajun
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To: blam

...down 278 and falling!


3 posted on 05/25/2010 6:41:28 AM PDT by STONEWALLS
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To: blam

-280


4 posted on 05/25/2010 6:41:52 AM PDT by SonOfDarkSkies (Obama: "Lawless...with all power, signs and lying wonders")
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To: blam

Mr. Obama Barry Sotelo Hussein needs to let the market do, what the market does, it will right itself if the gov’t stops meddling, giving false ideas, propping up his political corners, let the people compete, based on LAW, lower the tax base;m TOO many people want a free lunch, frivilous law suits for pseudo injuries at work, and people protected by unions that don’t produce.


5 posted on 05/25/2010 6:42:08 AM PDT by rovenstinez
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To: TexasCajun

“unexpected”


6 posted on 05/25/2010 6:42:21 AM PDT by GOPJ (...man was meant to be doubtful about himself, but undoubting about the truth-Gilbert K. Chesterton)
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To: blam

7 posted on 05/25/2010 6:42:23 AM PDT by OB1kNOb (When injustice becomes law, resistance becomes duty. - Thomas Jefferson)
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To: Daisyjane69; GOPJ
Forget The Flight To Safety Into U.S. Bonds, Cheap Defensive Stocks Have Higher Yields And More Protection
8 posted on 05/25/2010 6:42:52 AM PDT by blam
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To: blam

9 posted on 05/25/2010 6:43:24 AM PDT by Red Badger (When you see Jerusalem being surrounded by armies, you'll know that its desolation is NEAR. Luke 21)
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To: blam

We are witnessing the evaporation of many Americans’ savings, hopes, dreams and trust


10 posted on 05/25/2010 6:43:38 AM PDT by silverleaf
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To: OB1kNOb

I wonder if the vacation plans at Hyde Park in Chicago will change with this bit of news? Probably another few rounds of golf.


11 posted on 05/25/2010 6:44:08 AM PDT by rovenstinez
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To: blam

9,801.68down -391.71 -3.84%


12 posted on 05/25/2010 6:44:09 AM PDT by Red Badger (When you see Jerusalem being surrounded by armies, you'll know that its desolation is NEAR. Luke 21)
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To: TexasCajun

Abandon all hope all ye who enter here..................


13 posted on 05/25/2010 6:45:47 AM PDT by Red Badger (When you see Jerusalem being surrounded by armies, you'll know that its desolation is NEAR. Luke 21)
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To: Red Badger

Broke the 10,000 floor. The turmoil begins. Perception counts for more than reality in the stock market.


14 posted on 05/25/2010 6:45:58 AM PDT by kabar
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To: blam

...the author makes some good points, but for now I’m not buying anything...it’s hard to catch a falling knife...later on, there just might be some real blue chip bargins...besides, P&G is not going to quit selling soap....unless the world as we know it ends.


15 posted on 05/25/2010 6:47:30 AM PDT by STONEWALLS
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To: blam

So typical...fear and people sell out. Suddenly, up it goes. Same old same old same old manipulation of everything.


16 posted on 05/25/2010 6:47:43 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: blam
Investors Go Nuts For The Yen, Which Surges Near Flash Crash Highs
(The Flash Crash Was No Glitch)
17 posted on 05/25/2010 6:47:44 AM PDT by blam
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To: Red Badger
What a surprise. The markets starts to sell off and suddenly the handheld on the floor stop working. Looks like the PPT isn't going to stop trading. Fox Business is going nuts talking about market run by the Terminator.
18 posted on 05/25/2010 6:48:10 AM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: blam

...and so it begins....


19 posted on 05/25/2010 6:48:13 AM PDT by Le Chien Rouge
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To: rovenstinez

Too much harm and control has been placed in the market. It will take repeal and real reform to save it... which means it will probably not be saved.

LLS


20 posted on 05/25/2010 6:48:14 AM PDT by LibLieSlayer ( WOLVERINES!)
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