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Stocks plummet as Japan nuclear crisis worsens; Dow down 205
Washington Times ^
| March 15, 2011
Posted on 03/15/2011 11:22:30 AM PDT by La Lydia
NEW YORK (AP) — Stocks plunged Tuesday, sending the Dow Jones Industrial Average down almost 300 points at the opening, as the nuclear crisis in Japan intensified following Friday’s deadly earthquake and tsunami. The Dow was down 205 points, or 1.7 percent, at 11,787 in late-morning trading. The Standard & Poor’s 500 index is down 22, or 1.7 percent, at 1,274. The Nasdaq composite index is down 44, or 1.7 percent, at 2,656...
Investors are seeking the relative safety of U.S. Treasurys, sending prices higher and yields lower. The yield on the 10-year Treasury note dropped to 3.23 percent from 3.36 percent late Monday.
(Excerpt) Read more at washingtontimes.com ...
TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: treasurybonds
Well, it's an ill wind...the disaster in Japan has created a flood of buyers for U.S. Treasury bonds. The United States is STILL the default shelter when disaster strikes, so far, although this does make it easier for the Fed to continue printing money like there's no tomorrow.
1
posted on
03/15/2011 11:22:36 AM PDT
by
La Lydia
To: La Lydia
although this does make it easier for the Fed to continue printing money like there's no tomorrow.Sure it does.
2
posted on
03/15/2011 11:27:02 AM PDT
by
Prokopton
To: La Lydia
Down close to 300 earlier this morning.
3
posted on
03/15/2011 11:31:58 AM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: La Lydia
yeah but... lets talk about something REALLY important like Obama’s sports picks!
4
posted on
03/15/2011 11:37:55 AM PDT
by
TexasFreeper2009
(Obama = Carter 2.0 The Epic Fail Edition)
To: TexasFreeper2009
Don’t forget Women’s History Month.
5
posted on
03/15/2011 11:39:33 AM PDT
by
La Lydia
To: La Lydia
Don’t forget Women’s History Month.
Well if this keeps up much longer we may get to hear the fat lady sing.
6
posted on
03/15/2011 11:47:45 AM PDT
by
GonzoGOP
(There are millions of paranoid people in the world and they are all out to get me.)
To: La Lydia
Well, I’m buying U.S. Equities today (at least a little).
7
posted on
03/15/2011 11:55:39 AM PDT
by
jdsteel
(I like the way the words "Palin for President" make progressives apoplectic.)
To: La Lydia
8
posted on
03/15/2011 12:00:09 PM PDT
by
Free Vulcan
(Vote Republican! You can vote Democrat when you're dead.)
To: Free Vulcan
The PPT (Plunge Protection Team) is working overtime.
9
posted on
03/15/2011 12:07:24 PM PDT
by
delapaz
To: delapaz
Open 200+ points down ... last half hour short covering.
10
posted on
03/15/2011 12:51:51 PM PDT
by
dartuser
("Dealing with preterists is like cleaning the litter box ... but at least none of the cats are big.")
To: dartuser
11
posted on
03/15/2011 1:01:51 PM PDT
by
delapaz
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