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 ...
Soros.
bttt
Dear Lord.. Always happens when I take a few hour break from the news.. BAM! Bizzaro World!
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.
There are reports that China is not financial stable, this summer may be very troublesome
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.
10,360.48
-507.64 (-4.67%)
Real-time: 3:27PM EDT
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.
Bush’s fault (haven’t read all the posts - probly not the first to that “conclusion”)...
Food’s pretty valuable too....
You can’t buy land in the USA, you can only rent...
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.
I’m going all in. No pain, no gain! Yeeehawwww!
Please tell me...
And while you are at it....describe the difference's between "free and public" markets.
Don’t have time.
In what?
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....
Well it could very well go another 500 or 600 tomorrow and there are still 30 minutes left today.
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