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 ...
Ain't that the truth! This whole "green shoots" perception that was being put up by the WH and libs is finally starting to crack.
“Stop the Presses! This just in — P&G has stopped selling soap!”
“We are witnessing the evaporation of many Americans’ savings, hopes, dreams and trust”
No kidding. And it’s not accidental, IMHO.
So America. How’s that hopey changey thing workin’ for ya?
The Soetero PPT (plunge protection team) has probably already been activated by Emmanuel..... via bat phone to Geithner-Goldman Sachs
I’m 67 and my health is not perfect. I’ve lost 2/3 of my assets since Obama took over. Heaven help us....because it means my children have lost even more.
When is the ‘buying’ opportunity?
9700?
8700?
5700?
3700?
I'm afraid I must agree.
Looks like a trap door has been sprung...................
We are in the same boat with you. Let’s just keep paddling. We’ll get past the rapids sooner or later....................unless there’s a waterfall ahead...........
We will find out.
Depends on the stock. If you were looking at livestock, corn stock, stocks of guns, ammo, bullion, hand tools, and non-perishable food? I'd say they market is trending up...... and you should've bought in already; but there is still time (for now).
We only lost 1/3 of our IRAs since 2008- I started paying attention after March 2009 and shielded what was left after that in bonds and treasuries and cash savings, for now. No growth, but no loss either ... for now
Maybe for the rest of my days, “long term investing” will mean leaving money in a stock fund over the weekend
9,855.94 -337.45 -3.31
No kidding. I fell for the "crash in July" talk last year and got out at Dow 8,800. C'mon baby, come to Papa!
Alex, I’ll take 3700
Get and read Harry Dent’s book “The Great Depression Ahead”, you can watch clips on youtube
Thanks to Harry Dent I anticipated this and took defensive action some weeks ago at first sign it was starting. Before 2008/9, I never paid any attention
Goldman: This Selloff Is A Chance To Buy, Huge Gains Coming Still This Year
to be honest with you, I’m not interested in ANY foreign stock market now. They’re prolly all screwed up with manipulation like ours is. The only one I’d think about trusting is the Iraqi stock market. They missed the entire worldwide housing mess, since they didn’t even get cooking until 2005/6 or so. Looks like they might be the only ones not trying to bail out failed social systems and stupid housing policy.
Besides, I kinda dig the whole “writing prices on the erase-board thing.” It’s positively bohemian.
heh
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