Did it not top 1170 yesterday?
Posted on 04/28/2010 2:42:02 AM PDT by The Magical Mischief Tour
LONDON (MarketWatch) -- European shares fell sharply again on Wednesday, extending steep losses from the previous session, as fears of peripheral sovereign debt default continued to weigh on markets and Portuguese stocks in particular.
(Excerpt) Read more at marketwatch.com ...
Keep an eye of the US Futures markets in a few hours.
When I saw your post, I flipped over to the overseas markets.
Ugly.
Yeah, if the US Futures are in the dirt we could be in for one expensive day...
Yeah, if the US Futures are in the dirt we could be in for one expensive day...
Yeah, if the US Futures are in the dirt we could be in for one expensive day...
Yeah, if the US Futures are in the dirt we could be in for one expensive day...
Yeah, if the US Futures are in the dirt we could be in for one expensive day...
Greeks don’t have kids. They are a elderly, population reducing country. How can non existing future generations, of less numbers pay debts that the present genertion can not find a way to pay now?
They can not, and will not.
Further the Greek citizens dislike, and distrust their government. The government has no sway over the citizens.
The government promised others, out side Greece, that it could collect the money from the citizens. They can not.
The government told the citizens they could, in theory, have things paid for by others.
This is the pattern world wide.
For us to watch, watch England, California.
If Portugal and Spain go, the the EU might be done, as it should be.
Boy, ugly is right. Although I did just see the Sweedish exchange blip up into the green. Otherwise everything else is deep in the red.
U.S. stock futures pointed to further declines Wednesday after the previous session’s rout, with fears over prospects for Southern Europe contagion rattling markets ahead of an interest-rate decision from the Federal Reserve.
S&P 500 futures fell 1 point to 1180.00 and Nasdaq 100 futures dropped 2 points to 2006.70. Futures on the Dow Jones Industrial Average were down 14 points.
U.S. stocks got hammered Tuesday, after Standard & Poor’s downgraded Greece to junk status and also lowered the boom on Portugal’s credit rating. The Dow Jones Industrial Average plummeted 213 points, the Nasdaq Composite lost 51 points and the S&P 500 fell 28 points.
Asian markets also were pressured Wednesday.
Southern Europe again was the focus of investors as the Portuguese PSI 20 stock market index fell 3.8% to pace a further downturn in European equities.
Essentially untradeable two-year Greek debt had yields north of 30%. Outside of gold, which edged up $1.60 an ounce, most metals futures dropped, and oil futures fell below $82 a barrel. The dollar index rose 0.4% as investors sought safe assets.
“Risk aversion appears to be increasing, with gold and the dollar picking up simultaneously again and equity markets nose-diving,” said Eugen Weinberg, head of commodity research at Commerzbank, in a note to clients.
German Finance Minister Wolfgang Schaeuble will hold a press conference on Wednesday with Jean-Claude Trichet, president of the European Central Bank, and Dominique Strauss-Kahn, managing director of the International Monetary Fund, at around 9 a.m., EDT, as questions linger on whether Germany will participate in making loans to Greece as part of a joint IMF-European Union package.
Keep an eye on gold this week. If it breaks above 1170, it might be on the way way up.
Flipped to where? do you have a url?
Did it not top 1170 yesterday?
at the time, I flipped over to CNBW - CNBC’s World desk. I’m on Direct TV so it was # 357. Now the current numbers are on CNBC # 355.
Looks like it did. I guess we’ll have to see it close there. Do you have a gold/euro chart?
http://www.the-privateer.com/chart/g-multi.html
Gracias.
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