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 ...
10,408.25
-459.87 (-4.23%) 3:02pm
It’s going back down again!
Fed just has to be intervening. They want to protect all their bailout schemes they spent so much time and energy on
It is clear to me(opinion) that for some time the market was controlled or manipulated by the fed buying/selling stocks through their owned subsidiaries like merrill lynch. In my opinion they have now lost control of market forces and we are in a drive to get out. The cause has nothing to do with Greece.It has been caused by government policy to force lenders through such laws as the Community Reinvestment act (1980) TO MAKE CRAP LOANS TO MINORITIES.and then to guaranty those pieces of crap loans with Freddie and Fanny AND it was Barney Frank and Chris Dodd who actively stopped the regulation of those loans as being “RACISTS”!! Today is a disaster.At least it didn’t screw up “conca de mayo”
I was on a call with some bankers at 2 when they said they were "watching the bottom fall out" and it was down 175 at the time. I said to one of the guys on our end that "it's not like it's down 500..." 45 minutes later it was down over 500. 15 minutes later down 1000... Unbelievable fall...
Soros is happy today. Screw November elections! By November we’ll all be in the soup...
Down 407.
The best precious metals portfolio: brass, copper, lead.
Stock up!
10,454.65
-413.47 (-3.80%)
Real-time: 3:05PM EDT
http://www.google.com/finance?client=ob&q=INDEXDJX:DJI
-—”Someone on Fox just explained the stopping point is 10%..which in this case would be around 1100 I think they said.”-—
Reminds me of an old Eagles song.
“Take It To The Limit”
All alone at the end of the of the evening
And the bright lights have faded to blue
I was thinking ‘bout a woman who might have
Loved me and I never knew
You know I’ve always been a dreamer
(spent my life running ‘round)
And it’s so hard to change
(Can’t seem to settle down)
But the dreams I’ve seen lately
Keep on turning out and burning out
And turning out the same
So put me on a highway
And show me a sign
And take it to the limit one more time
You can spend all your time making money
You can spend all your love making time
If it all fell to pieces tomorrow
Would you still be mine?
And when you’re looking for your freedom
(Nobody seems to care)
And you can’t find the door
(Can’t find it anywhere)
When there’s nothing to believe in
Still you’re coming back, you’re running back
You’re coming back for more
So put me on a highway
And show me a sign
And take it to the limit one more time
Take it to the limit
Take it to the limit
Take it to the limit one more time
sw
Short term corp. bonds have outperformed the market for a decade.
I’ve been 80/20 the whole time. Been up every year even with the 20 dragging on it a few times.
EU SUMMIT SCRAPPED AFTER OBAMA SNUB
Some of the turmoil in our markets and in Europe, perhaps even the deaths of those people in Greece can be laid at the feet of Hussein, who refused to meet with the continent's leaders.
He is the WORST president EVER.
That’s what I thought ...after 2:30 there is no halt to trading.
How frightening—that was my HS graduation song...LOL.
Gov. PPT buying in with your money.
Thanks.
That’s what I was trying to use and it was giving me a time out error. Seems to work now.
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