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Dow Now Down Over 220 As Europe Explodes (now down over 500)
The Business Insider ^
| 5-6-2010
| Gregory White
Posted on 05/06/2010 11:22:26 AM PDT by blam
Dow Now Down Over 220 As Europe Explodes
Gregory White
May. 6, 2010, 2:09 PM
The Dow is down 2.0% on worries over the European sovereign debt crises as investors move into less risky assets. Gold is up to nearly 1200.
Volatility on the S&P 500 is up as well, over 13.09%:
The center of all this, the euro, down against the dollar over 1.1%:
[snip]
(Excerpt) Read more at businessinsider.com ...
TOPICS: Breaking News; News/Current Events
KEYWORDS: bho44; bhodjia; bhoeconomy; contagion; debt; djia; dow; economy; globaleconomy; obama
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To: ChicagoConservative27
10,325.34
-542.78 (-4.99%)
Real-time: 2:52PM EDT
101
posted on
05/06/2010 11:52:51 AM PDT
by
kcvl
To: esquirette
102
posted on
05/06/2010 11:52:52 AM PDT
by
Liberty Valance
(Keep a simple manner for a happy life :o)
To: ChicagoConservative27
Oil at $77 a barrel. Still too much, but dropping.
103
posted on
05/06/2010 11:53:21 AM PDT
by
b4its2late
(It is easier to beg forgiveness than get permission.)
To: UnbelievingScumOnTheOtherSide
Dow or not, that’s a WAY cool pic....
104
posted on
05/06/2010 11:53:22 AM PDT
by
r9etb
To: ohioWfan
This is a day for the traders. Little guys stay out of the way.
Notice that trading was NOT suspended?
105
posted on
05/06/2010 11:53:50 AM PDT
by
onyx
(Sarah/Michele 2012)
When the google search dow graph changes to reflect 9500 - there could be a problem...
106
posted on
05/06/2010 11:53:54 AM PDT
by
libertarian27
(Ingsoc: Department of Life, Department of Liberty, Department of Happiness)
To: raybbr
Make sure your money market is NOT based on long term bonds... I think they're going to go too. I'm going to see if I can get more into short term bonds ( short term Treasuries ) - let's hope this is an overreaction and we still have time to get to safety.
107
posted on
05/06/2010 11:54:03 AM PDT
by
GOPJ
("Draw Mohammad Day" - - May 20, 2010 - Draw for freedom - draw for your children's freedom.)
To: b4its2late
Cause the dollar is stronger?
To: Free America52
109
posted on
05/06/2010 11:54:15 AM PDT
by
onyx
(Sarah/Michele 2012)
To: ohioWfan
They don’t need a reason.
110
posted on
05/06/2010 11:54:16 AM PDT
by
Drill Thrawl
(Another day, another injury, another step closer. Are you prepared?)
To: Free America52
Why is it coming back? Soros buying stock?The Plunge Protection Team.
111
posted on
05/06/2010 11:54:56 AM PDT
by
NeoCaveman
(we now live in a post-Obamapacolyptic world)
To: Liberty Valance
112
posted on
05/06/2010 11:55:12 AM PDT
by
kcvl
To: All
The world markets will continue to drop as they more and more discover Obama is anti-American, anti-Capitalist and wants to destroy free market Capitalism. Companies will have more layoffs, tighten their belts, “Go Galt” and just wait it out until the communist regime is gone. Such a shame. Four years of worsening economy. We shall prevail though, and be the stronger for it. . .
To: pgkdan
Wish like hell there was something I could do to protect my 401k. You only lock in these losses if you move stuff around. It's virtual money. Unless you are very well off, your 401k probably still adds up to much more in total value then the value you yourself put into it.
114
posted on
05/06/2010 11:56:43 AM PDT
by
MNJohnnie
(The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
To: Art in Idaho
I think Merkel is against bailing out Greece.
115
posted on
05/06/2010 11:57:19 AM PDT
by
onyx
(Sarah/Michele 2012)
To: ChicagoConservative27
People short selling?Being short is the only way to make money, well that and gold.
116
posted on
05/06/2010 11:58:12 AM PDT
by
NeoCaveman
(we now live in a post-Obamapacolyptic world)
To: Art in Idaho
May 6, 2010, 11:31 AM ET.
Q2 Losses Piling Up in Dow, S&P, Nasdaq
Thursdays pullback is putting the stock market on course for a dubious milestone. If the current losses hold through the closing bell, all three major indexes will be in the red for the second quarter, with the Dow Jones Industrial Average and the Nasdaq Composite Index joining in the S&P 500s newfound misery. (The S&P went negative with Wednesdays decline.)
There hasnt been a simultaneous full-quarter decline in all three since the first quarter of 2009, when the market hit lows not seen since the dotcom bust. Based on the latest trading, the Dow is now off 0.9% for the current quarter, the S&P is off 1.4%, and the Nasdaq is down 0.9%.
http://blogs.wsj.com/marketbeat/2010/05/06/q2-losses-piling-up-in-dow-sp-nasdaq/
117
posted on
05/06/2010 11:58:17 AM PDT
by
kcvl
To: onyx
Rush just said they can't suspend trading after 2:30.
(I confess I don't get this stuff.....)
118
posted on
05/06/2010 11:58:29 AM PDT
by
ohioWfan
(Proud Mom of a Bronze Star recipient!)
To: onyx
I think Merkel is against bailing out Greece.Good for her! No more bailouts. I hope she can stay the course.
To: onyx; All
Why wasn’t trading suspended? Surely 900 points would do it?
120
posted on
05/06/2010 11:58:44 AM PDT
by
rwfromkansas
("Carve your name on hearts, not marble." - C.H. Spurgeon)
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