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 ...
I hate to admit it, but it was at the MSN site. It must have been a type because it’s now -215.
-185 and rising. Plunge Protection now in effect...
Just wanted to make sure that google and yahoo weren’t hiding something :)
http://finance.yahoo.com/tech-ticker/article/492036/America%3A-The-Smart-Kids-in-the-Stupid-Class
Read the comments following this by “Luc”- about a secret german plan already agreed (maybe without govt awareness) to split the euro into two zones with different valuations for each zone
I prefer the one in Rockefeller Center.
Where their is no vision, there is no hope.
We have a huge leadership vacuum today. Sadly we even look at government as “leaders” but most do.
It is time to turn leadership back to the private sector.
Soetero’s depression. Can’t blame Bush because month’s ago Soetero claimed the economy was improving.
You seem to think its possible 0bama cares about what the markets do.
He doesn’t. The more concern he can have generated outside of his direct involvement, the more people will run to him to save them.
Thanks for the link. It looks like the PPT came to the “rescue” a little after 10 a.m. - volume slightly over one million before under a million after but at one point TWENTY-TWO million shares traded. I won’t go NEAR this market because of this kind of manipulation.
30 yr treasuries dipped under 4%.
This is global risk layoff. Right now, this is on the board:
1. BP volcano still not plugged, with no end in sight.
2. The Korean Peninsula is on the brink - for real, this time.
3. Spain is cobbling banks together which are certain to fail, in order to create banks that are too big to fail.
4. CDS spreads are blowing out on Spain and Italy.
5. Greece is almost certain to go under.
6. The Euro is heading toward parity.
7. The yen carry trade is getting vaporized.
8. Anyone who got long commodities in the last two weeks is getting stood up against the gates of hell, as liquidation occurs to raise cash to offset losses in other markets.
9. The Fed and the ECB have printed us into oblivion.
10. Israel/Iran/Syria
11. Afghanistan.
12. Chinese markets getting plowed under.
13. Unemployment persists and likely to get worse.
14. Health care.
15. Taxes.
16. The War on Wall Street.
Have a nice day.
tomorrow everything will be alright. Zero rides in on the rainbow skittles shitin unicorn and saves the day. /s
Geez, maybe I should just go back to bed and hide with my head under my pillow. That is a depressing list......
VirginiaMom
The stock market is just another poll....
/sarc
The PPT is working overtime to close above 10,000.
Like keeping unemployment under 10%.
Like keeping the CBO estimates of Obamacare under $1T.
This administration is obsessed with these kind of meaningless benchmarks.
15 minutes to close and the “magic Fixers” are hard at work. Remember back in the good old days when market manipulation was a crime?!?!?
Check out the last 30 minutes of trading! Ain't gonna be no steeenkin crash!
Can't believe anything anymore.
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