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Dow, Nasdaq: Worst month in two years
CNNMoney ^ | 5/31/2012 | Hibah Yousuf

Posted on 05/31/2012 2:10:55 PM PDT by Signalman

NEW YORK (CNNMoney) -- U.S. stocks finished in the red Thursday, ending a wretched month on a weak note.

"May is always a difficult month for the market, and this month has lived up to that reputation," said Fred Dickson, chief market strategist at D.A. Davidson, noting that the market has suffered declines in May for three out of the last four years.

This month's weakness was by sparked escalating concerns about the eurozone debt crisis, with Spain and Greece keeping contagion worries front and center, as well as fears about a slowing U.S. economy. CNNMoney's Fear & Greed Index, which measures investor sentiment, has remained firmly in "extreme fear" territory for more than two weeks.

The Dow and S&P 500 dropped more than 6% in May. In fact, the Dow only booked five positive days this month. Meanwhile, the Nasdaq has declined more 7%.

The Dow and Nasdaq logged the worst monthly performance since May 2010, when investors were spooked by the Flash Crash, while the S&P 500 posted its biggest monthly loss since September 2011.

As stocks have tumbled, investors have rushed toward the safety of U.S. Treasuries, pushing the 10-year yield to record lows.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy
KEYWORDS: djia; markets; nasdaq

1 posted on 05/31/2012 2:11:00 PM PDT by Signalman
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To: Signalman

Forward!


2 posted on 05/31/2012 2:18:31 PM PDT by cardinal4 (Do I really need a /s tag?)
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To: Signalman

3 posted on 05/31/2012 2:21:24 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: Signalman

The DOW is obviously racist and trying to make Hussein look bad.


4 posted on 05/31/2012 2:24:32 PM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: Signalman
This month's weakness was by sparked escalating concerns about the eurozone debt crisis, with Spain and Greece keeping contagion worries front and center, as well as fears about a slowing U.S. economy the growing realization among Americans that the US economy was never in a recovery.

Better, much better.

5 posted on 05/31/2012 2:31:13 PM PDT by gov_bean_ counter ( A good measure, pressed down, shaken together and running over...)
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To: Signalman

Well, there’s always that Facebook IPO to save things.


6 posted on 05/31/2012 2:37:26 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: Signalman

QE3 on its way


7 posted on 05/31/2012 3:39:25 PM PDT by SteelToe
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To: Signalman
This month's weakness was by sparked escalating concerns about the eurozone debt crisis, with Spain and Greece keeping contagion worries front and center, as well as fears about a slowing U.S. economy.

A slowing US Economy...??? Any Slower and it would be going backwards!!

8 posted on 05/31/2012 4:00:17 PM PDT by ExCTCitizen (If we stay home in November '12, don't blame 0 for tearing up the CONSTITUTION!!)
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