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 ...
Wow. The manipulation is SO obvious that you'd think someone would be pointng it out (maybe they have and I didn't catch it). Under these conditions, this puppy is bound to blow open sooner than later.
Back in 2008, when the market was sliding to 12,000 from its high point of 14,000, we decided to pull most of our money out and buy a house.
I can’t be happier with that decision. No mortgage interest to pay and settlement took two weeks instead of a month.
After we bought our house, the market went on down to below 7,000, before climbing slowly back to 11,000 and now dropping again.
The great part about it is that the stock market can grow and shrink, grow and shrink, and our house stays the same size.
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