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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: Dr. Eckleburg

Soros.


201 posted on 05/06/2010 12:23:35 PM PDT by Shady (The Fairness Doctrine is ANYTHING but fair!!!!)
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To: Publius

bttt


202 posted on 05/06/2010 12:23:45 PM PDT by Liberty Valance (Keep a simple manner for a happy life :o)
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To: All; kcvl

Dear Lord.. Always happens when I take a few hour break from the news.. BAM! Bizzaro World!


203 posted on 05/06/2010 12:24:21 PM PDT by divine_moment_of_facts (Give me Liberty.. or I'll get up and get it for myself!)
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To: EBH

It’s all of that and more. There was literally a breakdown in the trading system for over five minutes. I was watching it and suddenly the DJIA was down over 900 points at one point, if I recall correctly. The drop happened very suddenly from 10471 to 9873 in less than ten minutes, based on my 5-minute chart that I’m looking at from my chart service. That’s a drop of 598 points in less than ten minutes to the low of the day. That’s a breakdown in the trading system...not good for investor confidence.


204 posted on 05/06/2010 12:24:56 PM PDT by your local physicist (Don't blame me. I wasn't fooled by anyone. I crossed my fingers and voted for McCain.)
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To: Shady
Soros.

My thoughts exactly.
205 posted on 05/06/2010 12:25:19 PM PDT by divine_moment_of_facts (Give me Liberty.. or I'll get up and get it for myself!)
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To: blam

There are reports that China is not financial stable, this summer may be very troublesome


206 posted on 05/06/2010 12:26:03 PM PDT by opentalk
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To: Sarah Barracuda

But even gold has no inherent value. Aside from wiring and cosmetic uses, gold doesn’t have a whole lot of value. The only reason it has value is because people want it.

The one and only thing that has true value is land.


207 posted on 05/06/2010 12:27:20 PM PDT by y2gordo
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To: mware

10,360.48
-507.64 (-4.67%)
Real-time: 3:27PM EDT


208 posted on 05/06/2010 12:27:48 PM PDT by kcvl
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To: opentalk

Agreed. China is in a world of trouble as far as its financials go. China will have to militarize and go to war to keep its population from going into full revolt. So will other nations, such as Russia.


209 posted on 05/06/2010 12:27:51 PM PDT by Thunder90 (Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
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To: blam

Bush’s fault (haven’t read all the posts - probly not the first to that “conclusion”)...


210 posted on 05/06/2010 12:28:05 PM PDT by SeattleBruce (God, Family, Church, Country - 11/2010, 11/2012 - Tea Party like it's 1773 & pray 2 Chronicles 7:14!)
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To: y2gordo

Food’s pretty valuable too....


211 posted on 05/06/2010 12:28:08 PM PDT by robertwalker62
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To: y2gordo

You can’t buy land in the USA, you can only rent...


212 posted on 05/06/2010 12:28:11 PM PDT by Professional
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To: your local physicist

You are correct in your timing.
I saw -450 or so, got up to tell a friend. He was on the phone, so I walked by to my desk and it was around -600. Two minutes later -830.

Went back to his desk and google finance was frozen.


213 posted on 05/06/2010 12:28:23 PM PDT by Gvl_M3
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To: blam

I’m going all in. No pain, no gain! Yeeehawwww!


214 posted on 05/06/2010 12:28:57 PM PDT by coaltrain
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To: screaminsunshine
So you are how late to the "party"?

Please tell me...

And while you are at it....describe the difference's between "free and public" markets.

215 posted on 05/06/2010 12:29:21 PM PDT by Osage Orange (Si vis pacem, para bellum)
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To: Osage Orange

Don’t have time.


216 posted on 05/06/2010 12:30:07 PM PDT by screaminsunshine (S)
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To: spectre

In what?


217 posted on 05/06/2010 12:30:07 PM PDT by Osage Orange (Si vis pacem, para bellum)
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Dow Paring Losses After Plunging Almost 1,000 Points; Wall Street Hammered Amid European Debt Worries- Reuters
Declining stocks on the New York Stock Exchange out numbered advancers by a ratio of over 32 to 1 on Thursday as major stock indexes plunged as much as 8 percent....


218 posted on 05/06/2010 12:30:08 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: Dr. Eckleburg
I doubt Cyber attack. I have read on other forums that fixed income desks in Europe shut down early because there was no liquidity. European banks are halting lending right now. This is all anecdotal at this point.
219 posted on 05/06/2010 12:30:17 PM PDT by Polynikes (Haakkaa Paalle)
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To: Wyatt's Torch

Well it could very well go another 500 or 600 tomorrow and there are still 30 minutes left today.


220 posted on 05/06/2010 12:30:23 PM PDT by Vendome (Don't take life so seriously... You'll never live through it.)
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