Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $62,324
76%  
Woo hoo!! And we're now over 76%!! Thank you all very much!! God bless.

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  • Global Stocks Ablaze, Dow Tumbles: EU Officials Fiddle as Euro Burns

    05/20/2010 10:08:05 AM PDT · by EBH · 56 replies · 3,077+ views
    Yahoo News/Tech Ticker ^ | May 20, 2010 10:28am | Aaron Task
    The euro was weak again early Thursday and, predictably, global stocks followed suit. Japan's Nikkei fell 1.5% overnight, major European bourses were down 1.85% to 3% in recent trading, while U.S. proxies were down 2.5% to 3%. In recent trading, the Dow was below its 200-day moving average of 10,250, while the S&P 500, Dow Transports, Nasdaq and Russell 2000 were each more than 10% below recent highs, or in official "correction" territory. Traders watch such technical indicators closely, and concerns about moving averages and the like can become self-fulfilling and generate more selling. At the same time, the selloff...