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Contagion Fears Cripple Wall Street
Fox Business ^ | Tuesday, April 27, 2010 | By Matt Egan

Posted on 04/27/2010 5:10:00 PM PDT by USALiberty

Fears that Greece’s debt debacle will contaminate other euro-zone nations came crashing down on Wall Street on Tuesday, shoving the Dow back below the pivotal 11000 level and fueling its first 200-point plunge since early February.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: assaultoncapitalism; endtimes; kenyanusurper; marxism
Fox is blaming Portugal and Greece. But, the REAL problem with the market is the Marxist Kenyan Usurper and his merry band of redistributonists. Under the name of "reform," they are attempting to drive a stake into the heart of capitalism.

Regulation CAUSED the financial crisis. And now the DemoTRAITORS are pushing for MORE Marxism. It's pretty clear that a few RINO fellow travelers will go along.

I expect the market to go down 3,000 points this week. The Dow might keep falling after that until it nears zero. Confiscation and communist tyranny is bad for business!

1 posted on 04/27/2010 5:10:00 PM PDT by USALiberty
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To: USALiberty

3000? well... that’s a BOLD call...

Maybe, you should buy SDS.


2 posted on 04/27/2010 5:14:52 PM PDT by SomeCallMeTim
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To: SomeCallMeTim

Portugal isn’t at junk status.

It is at AA- status.They got problems but nothing on the scale of Greece.They just don’t have the level of black market or entitlement going on out there.

Not to mention they’re connected to Brazil,India and a few African countries just to name a few.

Technically it would take a country the size of Spain or Italy going bankrupt to really harm the Euro project.Greece is basically in economic terms the equivalent of Georgia.

Which is why we should be doing something about cleaning up California or New York.I am sure Kristie will need to go somewhere after New Jersey.


3 posted on 04/27/2010 5:32:45 PM PDT by Del Rapier
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To: SomeCallMeTim

What is SDS?


4 posted on 04/27/2010 5:56:37 PM PDT by tbw2 (Freeper sci-fi - "Humanity's Edge" - on amazon.com)
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To: tbw2

It’s a Double-Short... ETF (Exchange Trade Fund) It moves UP twice as fast as the Dow goes down. ... and, vice-versa.


5 posted on 04/27/2010 6:01:59 PM PDT by SomeCallMeTim
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To: SomeCallMeTim

ProShares UltraShort S&P500 ETF (NYSE ARCA : SDS)


6 posted on 04/27/2010 6:03:28 PM PDT by SomeCallMeTim
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To: USALiberty

For the short term, too many bulls at this time. That is the major problem.


7 posted on 04/27/2010 6:32:22 PM PDT by boocoowell (Nuclear power now for crying out loud)
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To: SomeCallMeTim
If its really dropping I'd go with FAZ ;-)
8 posted on 04/27/2010 6:38:44 PM PDT by Tunehead54 (Nothing funny here ;-)
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To: Tunehead54

Even better! :-)


9 posted on 04/27/2010 7:02:16 PM PDT by SomeCallMeTim
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To: SomeCallMeTim

Its FAS/FAZ but watch your rear end. Extremely volatile and the supercomputers are probably faster than you. Still its exciting trading ... assuming you don’t have a heart condition ... ;-)


10 posted on 04/27/2010 7:18:04 PM PDT by Tunehead54 (Nothing funny here ;-)
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To: boocoowell
For the short term, too many bulls at this time. That is the major problem.

There are NO real "bulls." We just have the Fed and the Treasury secretly buying stock and propping up prices. There is NO WAY capitalists are buying anything now that the Marxists are in charge!
11 posted on 04/28/2010 6:46:53 PM PDT by USALiberty
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