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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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261
posted on
05/06/2010 12:57:30 PM PDT
by
Evil Slayer
(Onward, Christian soldiers, marching as to war)
262
posted on
05/06/2010 12:58:36 PM PDT
by
Evil Slayer
(Onward, Christian soldiers, marching as to war)
To: wmap
Keep tuned to
@kensweet on Twitter. So far:
I'm hearing rumors from traders that you can blame the bad P&G trade on Citigroup. A citi trader try to sell 16 billion in PG instead of 16M
15 minutes ago
It looks like it was $16 billion in SPX futures possibly, instead of $16 billion in PG - we're still working this out.
2 minutes ago
263
posted on
05/06/2010 12:59:34 PM PDT
by
Dan Nunn
(Some of us are wise, some of us are otherwise. -The Great One)
To: Evil Slayer
Sorry about double post :-(
264
posted on
05/06/2010 1:00:43 PM PDT
by
Evil Slayer
(Onward, Christian soldiers, marching as to war)
To: Evil Slayer
Dow finishes off 354, with a 75 point plunge in the last 45 minutes. I’d say volatility today is an understatement.
265
posted on
05/06/2010 1:02:33 PM PDT
by
SeattleBruce
(God, Family, Church, Country - 11/2010, 11/2012 - Tea Party like it's 1773 & pray 2 Chronicles 7:14!)
To: jpl
because poor Europe is so much further down the road to ruin and is on fire now. And the fools on the left here are determined to catch up with Europe.
266
posted on
05/06/2010 1:04:16 PM PDT
by
ELS
(Vivat Benedictus XVI!)
To: kcvl; dennisw
267
posted on
05/06/2010 1:08:19 PM PDT
by
onyx
(Sarah/Michele 2012)
To: onyx
DOW FALLS ALMOST 1,000, THEN REBOUNDS...
VIDEO OF DRAMA...
CNBC: HUMAN ERROR IN TRADING CAUSED PLUNGE? TRADER PUSHED ‘B’ INSTEAD OF ‘M’...
DID SOMEONE HACK THE SYSTEM?
MARKET VIOLENCE!
FEAR, EURO WEAKENS, RIOTS CONTINUE IN GREECE, RETAIL DISAPPOINTS
http://drudgereport.com/
268
posted on
05/06/2010 1:09:56 PM PDT
by
kcvl
To: your local physicist
Im hearing on CNBC that the sharp plunge may have been from somebody at a big firm pushing the B key for billion instead of the M key for million. I dont believe that for one second. I do. Well, I don't necessarily believe this -- but I do recognize that it's a distinct possibility.
I read a great book written some years ago by Benjamin Graham . . . who was Warren Buffet's mentor. One chapter is filled with examples of wild gyrations in stock prices due to investors making mistakes with the actual stock symbols of the companies they were trading.
269
posted on
05/06/2010 1:13:23 PM PDT
by
Alberta's Child
("Let the Eastern bastards freeze in the dark.")
To: onyx
wow, I suppose I’ve never had a “good quality” suit (actually, I knew that already)
an ounce of gold buys a lot more than one suit in my little world!
270
posted on
05/06/2010 1:14:50 PM PDT
by
Enchante
(Obama and Brennan think that 20% of terrorists re-joining the battle is just fine with them)
To: kcvl
With about an hour of trading to go, New York Stock Exchange composite volume has already topped eight billion, making this the second-busiest day of the year in the market. The 2010 high was 8.4 billion shares, set on April 16 when the government filed fraud charges against Goldman Sachs.Your story and this line from the very very long wsj story that didn't say anything are equally likely 'who to blame' for the drop. Just hard for me to believe that CNBC got ANYTHING right tho'.
271
posted on
05/06/2010 1:15:16 PM PDT
by
CRBDeuce
(here, while the internet is still free of the Fairness Doctrine)
To: blam
Makes me wonder about the cash crash just before the election.
272
posted on
05/06/2010 1:17:47 PM PDT
by
Raycpa
To: kcvl
BAD TRADE at Proctor and Gamble caused 172 point drop and then BAD TRADE @ MMM caused drop of 132 and then ripple effect...wow.
Public entited to full explanation and....?
Watch politicians’ knee jerk reactions.
Almost feels staged to me!
273
posted on
05/06/2010 1:20:57 PM PDT
by
onyx
(Sarah/Michele 2012)
To: onyx
WE obviously need to reform Wall Street.
274
posted on
05/06/2010 1:21:40 PM PDT
by
Raycpa
To: Enchante
LOL. I hear you!
The uncle that gave me the sage advice was my wealthy uncle (and favorite)...lol.
275
posted on
05/06/2010 1:22:25 PM PDT
by
onyx
(Sarah/Michele 2012)
To: onyx
Bush’s fault. Tea Party’s fault. Rush’s fault. etc, etc, etc.....
276
posted on
05/06/2010 1:23:12 PM PDT
by
Evil Slayer
(Onward, Christian soldiers, marching as to war)
To: EBH
Breakdown Trading SystemIs that the one you can only use once every few years (which gives the 'longs' time to forget)??
277
posted on
05/06/2010 1:23:33 PM PDT
by
CRBDeuce
(here, while the internet is still free of the Fairness Doctrine)
To: onyx
"Almost feels staged to me!"Exactly.
To: Raycpa
Here’s Rangle on Cavuto blaming Wall Street and the financial systems throughout the world for Greece!
279
posted on
05/06/2010 1:25:42 PM PDT
by
onyx
(Sarah/Michele 2012)
To: StAnDeliver
soros came to my mind
it’s not like he wouldn’t do this sort of thing is it
280
posted on
05/06/2010 1:27:20 PM PDT
by
manc
(WILL OBAMA EVER GO TO CHURCH ON A SUNDAY OR WILL HE LET THE MEDIA/THE LEFT BE FOOLED FOR EVER)
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