Europe Is Getting Hammered Prior To U.S. Market Open (US Opens Down 248)

The Business Insider ^ | 5-25-2010 | Gregory White

[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

[PSYCHO-FREEP]

But what the hell, we all have free health care & unlimited money to spend. MaObama can fix anything......

Just ask him!

[Buckeye McFrog]

hmmm....and I think Limbaugh is off today.

How will the Plunge Protection Team know when to spring into action? Typically they take their cue 2 minutes after Rush mentions a triple-digit drop on-air...

[autumnraine]

Yes, the Fed will buy up all the crashing stock to once again artificially inflate the stock market.

By the way, who do you think will win the American Idol finale tonight? (that was sarcasm on today’s society because so many people have no idea how their world is soon to change)

[silverleaf]

Isn’t it interesting, my ticker stopped refreshing at -225, almost 10 minutes ago

[VanDeKoik]

But hey, look on the bright side....

At least gays can now serve openly in the military!

[silverleaf]

I care not but may Nicole Scherzinger win “Dancing With the Stars” tonight- what a beauty and smart and funny too

Now back to our regular programming...

[John W]

Saw that. Whats up?

[silverleaf]

you too? No updates on the market ticker since 9:46 AM and counting

[GonzoGOP]

Dow had bounced back up to -183. It appears that Obama's PPT has turned off the handhelds on the floor so that they can't execute sell orders. And if the Dow doesn't close above 10K today they will probably just erase the trades like they did last time.

There is no market any more. Obama just writes a script and they market says the lines.

[screaminsunshine]

Ebonomics at work. The CNBC reporters are hoping the PPT will buy in to bring it back over 10k later.

[Buckeye McFrog]

oh, PPT must be listening to Beck today instead

[screaminsunshine]

Ten holes and only two corks??

[silverleaf]

the PPT went to work at 9:46 AM

[GonzoGOP]

the PPT went to work at 9:46 AM

Praise be to the lord Obama for he shall run the magic printing press and the markets shall rise and the seas shall fall.

[RockinRight]

...and the Dems electoral chances.

Not that it helps any of the things that you mention, but it will be at least a little satisfying to see the bastards lose.

[pieceofthepuzzle]

Currently Dow down -317.

[Gvl_M3]

Where are you seeing that?
On Google and Yahoo, I’ve not seen more than -245 all morning.
Right now, it is -200.

[Red Badger]

I hear there’s one on the entrance to the US Capitol building , too.............

[TomGuy]

finance.yahoo.com is slow, too.

FYI

bloomberg tv streaming for MS Player

mms://media2.bloomberg.com/btv_US200_n.asf

http://media2.bloomberg.com/btv_US200_n.asf

[equalitybeforethelaw]

At some point, European investors have to conclude getting out of Euros and European equities is required. This should ultimately favor American equities and the dollar. The sad fact is that with Obama and Dem control no one trusts the US markets, even Americans.