[Repeat Offender]

EU Officials Fiddle as Euro Burns

Get bamy on a bass guitar and they could start a string band.

[BJClinton]

What? No unexpectedly?

[BP2]

Just headlines for now via Reuters (Bill Gross), as of 12:20 pm EST:
http://uk.finance.yahoo.com/news/gross-says-financial-markets-exhibiting-mini-relapse-of-flight-targetukfocus-a09fb543bc1a.html?x=0

•GROSS: FINANCIAL MARKETS EXHIBITING “MINI RELAPSE” OF FLIGHT TO LIQUIDITY
•GROSS: HEDGE FUNDS AND OTHER LEVERAGED POSITIONS NOW LIQUIDATING TO PRESERVE CAPITAL

[LowTaxesEqualProsperity]

This will fuel a GOP takover of Congress in November.

[EBH]

1:00 pm : The three major indices have breached their 200-day moving averages as market participants continue to dump stocks.

There hasn’t been any headline to account for this session’s slide. Rather, market participants have become increasingly risk averse in recent weeks, so their selling has only begotten more selling.

A near complete lack of support for stocks has left 98% of the names in the S&P 500 to trade with losses.

http://finance.yahoo.com/marketupdate/overview?u

[RockinRight]

This is a great argument in favor of terraforming and colonization of Mars and other places...

If Earth gets bad enough then we LEAVE THE WHOLE DAMN PLANET!

Said only partly in jest...

[Canedawg]

Fat fingers again, nothing to see here...

[mo]

The German Mark is the currency in Germany (DE, DEU). The German Mark is also known as Deutschmark, and Deutsche Mark. The exchange rate for the German Mark was last updated on May 7, 2010 from The International Monetary Fund. The DEM conversion factor has 6 significant digits.

http://coinmill.com/DEM_EUR.html#DEM=2

hmmmmmmm......the Euro is not long for this world.

[waus]

Crash and burn, Mav.

The journey to Dow 4000-5000 has begun.

[blam]

"* -- The possible disintegration of the euro and general chaos in Europe, where policymakers can't seem to get their act together. * -- Potential for a second-half slowdown in the global economy and renewed weakness in U.S. housing. * -- Deflationary pressures in the developed world, and inflationary pressures in emerging markets. * -- Rioting in Athens, Bangkok and other global capitals. * -- Rising tensions between North and South Korea."

Huh!

They left off the Iceland volcano and how it has the potential to disrupt worldwide food production...not to mention flying.

[backwoods-engineer]

If the Fed and the Regime weren’t actively interfering with the NYSE, with their “circuit breakers” and such, the Dow would be in the 4000’s now. Therefore, the Dow is meaningless.

[Joya]

All

http://www.freerepublic.com/focus/f-news/2515868/posts

Above link posted by blam Tuesday here on FR, which is entitled,

Dow Theorist: Sell Everything Liquid, You Won’t Recognize America By The End Of The Year

The Business Insider ^ | 5-18-2010 | Joe Weisenthal

[J Aguilar]

Spain is broke. On May 7th credit to Spanish public and private institutions simply dried up, being rejected bonds up to an 18% of interest rate. The media is trying to hide that.