World stocks slide on Dow collapse, debt crisis

AP ^ | 5/7/10 | PAN PYLAS

[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,

[mylife]

Whooo Boy

[Yo-Yo]

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

[mylife]

Thank goodness.

[Gasshog]

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

[EVO X]

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

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

[Gasshog]

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.

[concerned about politics]

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.

[mylife]

Thats not a good way to start the day.

[mainsail that]

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.

[mylife]

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

[mainsail that]

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

[mylife]

Who’s gonna cover the spread?

[Wyatt's Torch]

The bond vigilante's ride again...

[EBH]

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

[montanajoe]

“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..

[RetiredArmy]

But, but, but, I thought socialism was working??? Didn't Osama say all was well and that all would be glorious??? What happened???

[PSYCHO-FREEP]

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.)

[GOPJ]

I assume you mean short term bonds...

[mylife]

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!