Dow Now Down Over 220 As Europe Explodes (now down over 500)

The Business Insider ^ | 5-6-2010 | Gregory White

[blam]

Dow Now Down Over 220 As Europe Explodes

Gregory White
May. 6, 2010, 2:09 PM

The Dow is down 2.0% on worries over the European sovereign debt crises as investors move into less risky assets. Gold is up to nearly 1200.

Volatility on the S&P 500 is up as well, over 13.09%:

The center of all this, the euro, down against the dollar over 1.1%:

[snip]

[kcvl]

10,325.34
-542.78 (-4.99%)
Real-time: 2:52PM EDT

[Liberty Valance]

rebounding now -524

[b4its2late]

Oil at $77 a barrel. Still too much, but dropping.

[r9etb]

Dow or not, that’s a WAY cool pic....

[onyx]

This is a day for the traders. Little guys stay out of the way.

Notice that trading was NOT suspended?

[libertarian27]

When the google search dow graph changes to reflect 9500 - there could be a problem...

[GOPJ]

Make sure your money market is NOT based on long term bonds... I think they're going to go too. I'm going to see if I can get more into short term bonds ( short term Treasuries ) - let's hope this is an overreaction and we still have time to get to safety.

[ChicagoConservative27]

Cause the dollar is stronger?

[onyx]

Traders.

[Drill Thrawl]

They don’t need a reason.

[NeoCaveman]

Why is it coming back? Soros buying stock?

The Plunge Protection Team.

[kcvl]

[Art in Idaho]

The world markets will continue to drop as they more and more discover Obama is anti-American, anti-Capitalist and wants to destroy free market Capitalism. Companies will have more layoffs, tighten their belts, “Go Galt” and just wait it out until the communist regime is gone. Such a shame. Four years of worsening economy. We shall prevail though, and be the stronger for it. . .

[MNJohnnie]

Wish like hell there was something I could do to protect my 401k. You only lock in these losses if you move stuff around. It's virtual money. Unless you are very well off, your 401k probably still adds up to much more in total value then the value you yourself put into it.

[onyx]

I think Merkel is against bailing out Greece.

[NeoCaveman]

People short selling?

Being short is the only way to make money, well that and gold.

[kcvl]

May 6, 2010, 11:31 AM ET.

Q2 Losses Piling Up in Dow, S&P, Nasdaq

Thursday’s pullback is putting the stock market on course for a dubious milestone. If the current losses hold through the closing bell, all three major indexes will be in the red for the second quarter, with the Dow Jones Industrial Average and the Nasdaq Composite Index joining in the S&P 500’s newfound misery. (The S&P went negative with Wednesday’s decline.)

There hasn’t been a simultaneous full-quarter decline in all three since the first quarter of 2009, when the market hit lows not seen since the dotcom bust. Based on the latest trading, the Dow is now off 0.9% for the current quarter, the S&P is off 1.4%, and the Nasdaq is down 0.9%.

http://blogs.wsj.com/marketbeat/2010/05/06/q2-losses-piling-up-in-dow-sp-nasdaq/

[ohioWfan]

Rush just said they can't suspend trading after 2:30.

(I confess I don't get this stuff.....)

[Art in Idaho]

I think Merkel is against bailing out Greece.

Good for her! No more bailouts. I hope she can stay the course.

[rwfromkansas]

Why wasn’t trading suspended? Surely 900 points would do it?