Skip to comments.European Markets Plunge As Economic Worries Continue To Dominate (Europe getting hammered AGAIN)
Posted on 09/23/2011 5:27:07 AM PDT by AAABEST
The European markets are notably lower in afternoon trading Friday, as economic worries continued to haunt markets globally. Yet, some buying was seen in early trade with investors looking to buy shares cheap amid some encouraging remarks from the G20 meeting. Asian markets fell and the U.S. index futures are lower.
Finance chiefs of the Group of 20 nations vowed "strong and co-ordinated international response" to tackle the renewed risks facing the global economy and offered to support banks, if required. However, the leaders offered no immediate policy response to the crisis.
French market regulator Jean-Pierre Jouyet reportedly said that European banks may need to be recapitalized. Speaking in a French radio interview, AMF chief Jouyet said 15 to 20 banks in Europe need recapitalization. French banks do not need recapitalization at present, he added.
(Excerpt) Read more at rttnews.com ...
US futures not looking good either.
Is there always some guy with a camera that waits for someone to make that pose?
what's rtt - rin tin tin?
The Weather Channel spent several minutes this morning cheerleading for the market to recover and improve, thanks to a Rat president.
I remember the media happily announcing crashes for Bush.
What pathetic Peas of Sh!t propagandists.
I think the janitor snapped that one. It's happening everywhere.
I worked on Wall Street for 15 years and we always
made fun of those poses. What people don’t realize is that the person in the picture could be thinking of a thousand things to get that pose. That dude in the picture could just be dreading having to have dinner with his in-laws, not worried about if the market went down 500 points, lol.
In the first 4 days of this week, the DOW is down over 770 points net.
I think we are going down again today. My guess—at least 150 points, but more would not be a surprise.
Local TV just said that Moody’s has downgraded debt again in Europe- Greece, I think. Maybe Italy.
One thing for sure-——all this collapse sure shows that giving employees 3 months paid vacations & not being able to fire those who are unqualified or slackers sure doesn’t work.
Recall the dancing in the streets last week over “five ‘up’ days in a row”.
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