Posted on 06/09/2010 1:11:35 PM PDT by blam
Stocks Fall In Another Big Heartbreaker For The Bulls: Here's What You Need To Know
Joe Weisenthal
Jun. 9, 2010, 3:59 PM
Again! After being up solidly all day, the market blew it.
First, the scoreboard.
Dow: -28
S&P 500: -5.5
NASDAQ: -11
And now, the keys stories:
Again, the market collapse in the final hours of the day is a major heartbreaker. It's looking more and more like we're in a bear market, rather than just a correction. Big oil was absolutely slaughtered, with BP falling a stunning 15%. Transocean was up about 7%. Various theories swirled as to why BP was down so hard. Among the ideas: This new HD video of the leak, chatter about bankruptcy, and also talk of government officials suggesting BP's liabilities could be huge. Don't miss this guide to the $2.2 trillion Gulf economy >
* Last night's primary elections are already causing ripples, most notably the election in Arkansas, where anti-Wall Street Senator Blanche Lincoln defeated a far-left opponent. She'll now be back to continue her push against derivatives.
* Bernanke appeared before Congress today to talk deficit, and he issued warnings about the sustainability of the US deficit. Suffice to say, he's concerned, and says the ongoing ructions in Europe serve as a cautionary tale. Don't miss these 14 facts about the deficit that will blow your mind >
* The good news today was the leak about Chinese trade data, which suggests the world economy is actually pretty robust. See: 15 facts about China that will blow your mind >
* Commodities were mixed. Industrial commodities were actually higher, and gold was lower, a reversal from recent trends.
[snip]
(Excerpt) Read more at businessinsider.com ...
WIMPS!!!!!!
Rally Fizzles, Bulls Blowing It In Final Hour Of The Day (PPT Battles Bears To Finish)
I'd say the PPT lost this one today.
“Again! After being up solidly all day, the market blew it.”
Who writes this tripe?
That is a very good question.
8600, then up, up and away.
I’ll see what happens when it gets solidly below 9000 before I put my money back in.
I see the little crybaby is back, huh
Is whine all you do.
Last time we communicated you directed me to a site where all the fags go. Do you still do that sort of stuff?
My friend couldn’t stand the stock crash in 2008-2009 and sold all his stocks. If he hadn’t, he’d have recovered 60% of his lost money by now. Instead, as he bought again, he’s recovered just 12%.
Look at the byline and then look at his background.
“I see the little crybaby is back, huh
Is whine all you do.”
Angry little monkey aren’t you.
You may not agree with a thing I say but why do you feel the need to make it personal?
I admit I'm baffled.
If you hate the writing of this guy so much why do you keep showing up on threads where it is cleary stated that he is the writer.
Wouldn't you be happier just bypassing the thread once you spotted his name rather than complaining?
What does whining and complaining gain?
“Woman big winner all day at slot machines blows mortgage money in last hour.
Did I complain? I responded to someone asking a question with an instruction for him to a) read the byline and b) look at his background. The combination of this would have answered his own question.
I, for one, have no idea why you keep posting, much less defending, this nonsense. The author obviously doesn’t know all that much about what is really driving the market, and conservatives already hold far too many obviously incorrect notions about what is moving the market without additional specious nonsense from the author.
You made it very clear to me the other day that you knew exactly who Joe Weisental is...you even sent me his bio. Then today you act like you don't know who he is, you said, "Who writes this tripe?" when you knew exactly who wrote it.
You must have something personal with Joe...I just guessed that he rejected your advances.
I could care less who you are though...you delight in disrupting the threads that I post and you'll hear from me every time that you do.
If you don't like Joe Weisenthal or how he writes, stay away from these threads. How difficult is that?
“Wouldn’t you be happier just bypassing the thread once you spotted his name rather than complaining?”
B, this is a forum, commenting either pro or con on articles is what we do. If you can’t handle the negative feedback then quit the he!! posting.
Not everything written by Joe Weisenthal is a piece of crap, so I read his stuff. Unfortunately a lot of what he writes is amateurish and silly on it’s face.
If you have some sort of agenda here I suggest you go elsewhere, if not I suggest you develop a tad bit thicker skin.
It ISN’T personal, for all I know you’re a good conservative and a great guy.
If it's such nonsense why do you keep bothering with it? Just bypass this thread and go to another...what's difficult about that?
Do you go to the UFO threads and 'go-on' about what nonsense that is?
Why Not?
That's the same as you're doing here.
Agree but, he's a kid. My son is old enough to be his father. So...
My big question — was this “unexpected”?
Because, as I said, conservatives hold enough nonsensical ideas about how “the markets” work already.
I’d like to see conservatives (and maybe the occasional elected Republican) quit proffering silly non-solutions to our problems.
The UFO stuff has no bearing on where we’re going as a country. It is, for all intents and purposes, a no-op. It is about as important to the country as whether your Aunt Millie cheated on her submission to the county fair pie contest by using cherries from a can.
Believing in specious nonsense about the markets, however, is leading us down the road to our own self-destruction. Here. Now. Not tomorrow, and not in some third world jerkwater country.
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