"You eat'n your peas?"
Posted on 08/10/2011 8:11:26 AM PDT by AAABEST
NEW YORK (CNNMoney) -- U.S. stocks fell sharply in early trading Wednesday, following the previous session's huge rally, as fears about Europe's ongoing debt crisis resurfaced.
The Dow Jones industrial average (INDU) dropped 325 points, or 2.9%. The index fell as much as 446 points, which exceeded the gain in Tuesday's massive advance.
[SNIP]
On Wednesday, shares of French bank Societe Generale, or SocGen, tumbled almost 20% on the Paris stock exchange amid speculation that France may be first to face a rating cut.
[SNIP]
The major indexes have been swinging between massive gains and losses during trading, and ending sessions either overwhelming higher or lower.
During the last month, stocks have lost almost 13%.
The market's yo-yo action tends to spoil confidence among investors, and in turn, that lack of faith fuels additional volatility
(Excerpt) Read more at money.cnn.com ...
The ups and downs are making my head spin! What is so different between yesterday and today?
The world needs America to be strong, and fiscally responsible, and until we remove this despicable regime, nothing will be stable.
They may blame Europe and Japan, but the problem sits in the Oval Office (though not very often.....)
10,832.55
-407.22 (-3.62%)
Real-time: 10:57AM EDT
10,811.44
-428.33 (-3.81%)
Real-time: 11:01AM EDT
It’s a dead cat bounce.
10,802.36
-437.41 (-3.89%)
Real-time: 11:02AM EDT
You are correct. The world still looks to America for leadership, particularly economically, and right now it’s obvious America has a leadership vacuum. It’s most pronounced in the White Hut, but it extends to Congress and the government too.
In addition, the world needs a prosperous America for it to also be prosperous. 0bama said: “You can’t have 5% of the world’s population and use 25% of the world’s resources and expect the rest of the world to say that’s OK.” Well, actually it turns out the world expects and needs us to do exactly that, or it suffers greatly, as we are now seeing.
No phony pumping today?
10,797.06
-442.71 (-3.94%)
Real-time: 11:04AM EDT
10,782.15
-457.62 (-4.07%)
Real-time: 11:04AM EDT
I guess $40,000 a year at Princeton gets you a degree in Obvious Analysis...
10,775.72
-464.05 (-4.13%)
Real-time: 11:06AM EDT
We're in uncharted waters with huge variables coming into play. Uncertainty rules, as any level of predictability is gone.
The volatility is insane. Most investors don't want to deal with having a good day then losing their shirts the next.
If the 5 day chart were an ECG, Wall St. is having a heart attack, not to mention the wild intraday swings.
Calling the Plunge Protection Team ... please pick up at the white courtesy phone!
Today is looking like a collapse to me, but what do I know?
I expect you-know-who to ask for TV time and lecture us again.
"You eat'n your peas?"
The plunge protection team worked yesterday! Obviously they took this morning off.
FOX doesn’t seem concerned. They are taling aobut the “sibling fugitives.”
talking
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