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World stocks slide on Dow collapse, debt crisis
AP ^ | 5/7/10 | PAN PYLAS

Posted on 05/07/2010 4:32:13 AM PDT by mylife

World stocks slide on Dow collapse, debt crisis By PAN PYLAS (AP) – 1 hour ago LONDON — World markets fell sharply Friday following a huge sell-off on Wall Street and amid fears that Europe's debt crisis could spread and derail the global economic recovery. In Britain, where investors were grappling with uncertain general election results, the FTSE 100 index was down 53.05 points, or 1 percent, at 5,207.94 following a slide in the pound. Germany's DAX fell 71.80 points, or 1.2 percent,

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: ugly
Whooo Boy
1 posted on 05/07/2010 4:32:13 AM PDT by mylife
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To: mylife

Dow and S&P futures are sharply up this morning, however.


2 posted on 05/07/2010 4:33:23 AM PDT by Yo-Yo (Is the /sarc tag really necessary?)
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To: Yo-Yo

Thank goodness.


3 posted on 05/07/2010 4:34:03 AM PDT by mylife (Opinions...$1 Halfbaked...50c)
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To: Yo-Yo

True but todays close will be more telling. I wonder if this thing will reciporcate into a worse sceneario.


4 posted on 05/07/2010 4:39:07 AM PDT by Gasshog (going to get what all those libs asked for, but its not what they expected.)
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To: Yo-Yo
Dow and S&P futures are sharply up this morning, however.

The emergency is over. Now back to scheduled programming..

5 posted on 05/07/2010 4:40:52 AM PDT by EVO X
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To: mylife

also the Nikkei and Hang seng are down 3% or more a bad day to be invested in the Eafe...the Dollar will also factor in.


6 posted on 05/07/2010 4:42:33 AM PDT by Gasshog (going to get what all those libs asked for, but its not what they expected.)
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To: mylife
It's going to go way down. Maybe/maybe not today, but probably within 3 days? The veil will be lifted a little. We're going to get a glimpse of where we really are and what's coming.
7 posted on 05/07/2010 4:45:56 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Gasshog

Thats not a good way to start the day.


8 posted on 05/07/2010 4:48:15 AM PDT by mylife (Opinions...$1 Halfbaked...50c)
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To: mylife

I am looking at Greek bonds....
14.8% a year for 5 years http://www.bloomberg.com/apps/quote?ticker=GGGB5YR%3AIND

18.73% for 2 http://www.bloomberg.com/apps/quote?ticker=GGGB2YR%3AIND

and 12.42% for 10 years bonds http://www.bloomberg.com/apps/quote?ticker=GGGB10YR%3AIND

To compare: Germany pays at around 3% for 10 year and much less for shorter term

Europe has just started, the $140 Billion is nothing according to the market.


9 posted on 05/07/2010 4:51:32 AM PDT by mainsail that
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To: mainsail that

Thats a big carrot, but I’m scared to bite.


10 posted on 05/07/2010 4:52:44 AM PDT by mylife (Opinions...$1 Halfbaked...50c)
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To: mylife

if it wasn’t scary it wouldn’t be that big.

You have to keep in mind, spreads aside doesn’t mean that you can find buyers for $10 billion or even $1 Billion in Greek bonds right now. http://www.businessinsider.com/the-scary-truth-about-greek-austerity-it-will-make-the-countrys-debt-crisis-worse-2010-5


11 posted on 05/07/2010 5:04:47 AM PDT by mainsail that
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To: mainsail that

Who’s gonna cover the spread?


12 posted on 05/07/2010 5:06:29 AM PDT by mylife (Opinions...$1 Halfbaked...50c)
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To: mainsail that
The bond vigilante's ride again...
13 posted on 05/07/2010 5:06:56 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Yo-Yo

Lots of folks buying into the “distraction” of a trader with fat fingers.


14 posted on 05/07/2010 5:07:41 AM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: mylife
“Thats a big carrot, but I’m scared to bite.”

I'm planning to bite wish I could have yesterday when it was down 1000..

15 posted on 05/07/2010 5:16:30 AM PDT by montanajoe
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To: mylife
But, but, but, I thought socialism was working??? Didn't Osama say all was well and that all would be glorious??? What happened???
16 posted on 05/07/2010 5:18:46 AM PDT by RetiredArmy (God said it simply, go against Israel and pay a hefty price in retribution. That simple.)
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To: Yo-Yo

This is normal that those who sold short yesterday, are jumping back in at bargain prices. European markets are also bailing on the Euro (Greece) and are coming here as a haven. (Little do they know the fools running this one)

Some will retire early over this type of trading. But still, just pay close attention to the close. (weekend)

If there are triple digit losses again today, then, RUN LIKE THE WIND! Or roll everything into Bonds, Gold and Commodities. I have already done so and have averaged 16%. (I made almost 4 % yesterday.)


17 posted on 05/07/2010 5:25:23 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: PSYCHO-FREEP

I assume you mean short term bonds...


18 posted on 05/07/2010 6:27:49 AM PDT by GOPJ ("Draw Mohammad Day" - - May 20, 2010 - Draw for freedom - draw for your children's freedom.)
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Looks like we are back.

Europe and Asia however, continue to slide.

Oh My! Obama just announced he is investigating yesterdays selloff! here comes regulation folks!


19 posted on 05/07/2010 9:03:49 AM PDT by mylife (Opinions: $1 Halfbaked: 50c)
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