Posted on 04/04/2012 11:48:36 AM PDT by NormsRevenge
NEW YORK (AP) -- Stock futures tumbled Wednesday after economic policymakers signaled that they may be less willing to fund more economic growth through bond purchases.
The Dow Jones industrial average futures fell 112 points to 13,020. The Standard & Poor's 500 index futures fell 12.1 points to 1,396.7. The Nasdaq composite futures slipped 21.25 points to 2,757.75.
The Institute for Supply Management will release its services index at 10 a.m. Eastern time and economists expect it to show that growth has cooled compared to February, which came in at the highest growth in a year.
But it was the minutes from the Federal Reserve late Tuesday that started a sell-off that began in the U.S., and extended overseas Wednesday.
Encouraged by job growth, policy makers seem more willing to allow the economy to walk forward on its own. The U.S. and governments overseas have worked actively to prop up economies damaged by the global downturn.
(Excerpt) Read more at finance.yahoo.com ...
Have a nice day, Mr. Pres__ent. Time for a beer and cig (and a burger), uhhh?
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US stock futures slide as Fed signals a pullback in bond buys; overseas markets fall
Don’t worry, Obama will have more “flexibility” after his reelection.
Paper mills in America will all go to three shifts with all the money that will be printed.
Worst day in a month for US stocks
US stocks fall sharply after Spain’s weak bond auction; overseas markets lower
http://finance.yahoo.com/news/worst-day-month-us-stocks-162639380.html
NEW YORK (AP) — The stock market suffered its worst loss in a month Wednesday after a weak bond auction in Spain renewed investor fear about European debt. The price of gold plunged to its lowest level since January.
Investors looking for a safe place for their money drove up the price of U.S. government debt. The dollar surged against the euro.
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More deceitful headlines. Damage control.
First sign of a challenger solidifies, the carpet is pulled from underneath. Need to check the volume.
For a 'recovery' job growth has been absolutely anemic. The cheerleaders at AP sure spend a lot of time polishing turds.
They need the stimulus to get all that money they printed out there.
When the money’s out there, we are in inflation.
When we are in inflation, stocks are worth more because the dollars are worth less.
Without the stimulus, the money’s not out there so we don’t have inflation.
So prices drop because the companies are not worth as much because we are in WDII.
It’s not rocket science.
This is a contradiction in terms. Inflation is NOT economic growth. A rise in stock market prices may indicate economic growth or it may indicate more money being poured into the economy which is not economic growth. Economic growth happens when actual goods and services produced increase in quantity and quality, not when the value of those goods and services is measured in smaller and smaller units of measurement.
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