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Dow Now Down Over 220 As Europe Explodes (now down over 500)
The Business Insider ^ | 5-6-2010 | Gregory White

Posted on 05/06/2010 11:22:26 AM PDT by 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]

(Excerpt) Read more at businessinsider.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: bho44; bhodjia; bhoeconomy; contagion; debt; djia; dow; economy; globaleconomy; obama
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To: Free America52

Oh yeah, everything will be just fine. I mean, hell, down over 800 points, bounces to down 500 plus and then back down to 650 plus.

Someone is making an ass load of money.

Welcome to the new AmeriKa! You are fu*ked.


121 posted on 05/06/2010 11:59:03 AM PDT by gathersnomoss (Please God, watch over our country.)
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To: Liberty Valance

The Plunge Protection Team is probably using TARP money to stop the plunge. Down 418, only -3.85%


122 posted on 05/06/2010 11:59:05 AM PDT by Lazamataz ("We beat the Soviet Union. Then we became them." -- Lazamataz, 2005)
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To: kcvl

Where are you getting that? My usual source, google finance is locked up. As well as yahoo.


123 posted on 05/06/2010 11:59:15 AM PDT by Gvl_M3
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To: Travis McGee

dollar rising to 1.2618 euros


124 posted on 05/06/2010 11:59:15 AM PDT by dennisw (It all comes 'round again --Fairport)
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To: Drill Thrawl
I did the same but the problem is it’s all paper. Unless we can get it out and put the money into tangible assets I don’t think it going to matter. It might be worth the penalty if there is someway you can get it out.

You can take it out any time you want you just have to pay the penalties.

I can take mine out now if I want.

125 posted on 05/06/2010 11:59:19 AM PDT by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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To: ohioWfan

Rush just mentioned the Plunge Protection Team?

OMG, he’s going to get in trouble for that one...


126 posted on 05/06/2010 11:59:27 AM PDT by NeoCaveman (we now live in a post-Obamapacolyptic world)
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To: onyx

Treasury Prices Jump Again; Flight To Safety Rolls On

Treasurys rallied again Thursday as investors continued to seek safety in low-risk debt from ongoing concerns about fiscally strapped euro-zone nations.

Treasury yields, which move inversely to prices, fell to fresh lows, leaving yields at levels last seen in December. Worries raged on that debt-laden Greece will be unsuccessful in its attempts to cut spending and that its woes will spread to Spain and Portugal, which are also suffering from debt problems. Treasury bills, which were impacted little earlier in the week as Treasurys rallied, also posted small gains Thursday. Key gauges of risk in the market deteriorated as well. The three-month Libor/OIS spread, a gauge of stress in the money markets, rose to 12.8 basis points from 12 basis points Wednesday and 8 in late April.

“Investors, psychologically, have been damaged by the events of the last few weeks” in the euro zone, said George Goncalves, managing director and head of U.S. interest-rates strategy in the Americas at Nomura Securities in New York.

http://online.wsj.com/article/BT-CO-20100506-718035.html?mod=WSJ_latestheadlines


127 posted on 05/06/2010 11:59:43 AM PDT by kcvl
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To: rwfromkansas

Just listening to Rush, he said they can’t suspend trading after 2:30.


128 posted on 05/06/2010 11:59:54 AM PDT by Madame Dufarge
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To: onyx

One day if money is ever worthless, you always got gold..gold never loses its value right


129 posted on 05/06/2010 12:00:03 PM PDT by Sarah Barracuda
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To: rwfromkansas

One has to wonder if the fed has buy orders (via bank proxies) positioned for situations like this. That rebound was far to sharp and hit immediately at 10k.


130 posted on 05/06/2010 12:00:32 PM PDT by laxcoach (Government is greedy. Taxpayers who want their own money are not greedy.)
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To: rwfromkansas

After 2:30 pm this quarter it would take over 2000.


131 posted on 05/06/2010 12:00:40 PM PDT by John W
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To: Lazamataz

ppt is right

Now the Greeks figure riot even more violently to get that bailout


132 posted on 05/06/2010 12:00:42 PM PDT by dennisw (It all comes 'round again --Fairport)
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To: NeoCaveman

Dow plummets 870 points as Greece debt fears worsen

Stocks are plunging as investors give in to fears that Greece’s debt problems will spread and halt the global economic recovery.

The Dow Jones industrial average is down more than 870 points and Treasury prices are soaring. Computer program selling is intensifying the selling.


133 posted on 05/06/2010 12:00:58 PM PDT by kcvl
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To: NeoCaveman

Why did it come back? I know very little.


134 posted on 05/06/2010 12:00:59 PM PDT by ChicagoConservative27
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To: kcvl

Wait a minute, I was told the dollar was king...

BTW, Barry is President, can you believe that?


135 posted on 05/06/2010 12:00:59 PM PDT by gathersnomoss (Please God, watch over our country.)
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To: Madame Dufarge
Just listening to Rush, he said they can’t suspend trading after 2:30.

Interesting timing for a precipitous plunge, then.

136 posted on 05/06/2010 12:01:21 PM PDT by EternalVigilance (We are the media.)
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To: gathersnomoss
10387.69 -480.43‎ (-4.42%‎) May 6 3:00pm ET
137 posted on 05/06/2010 12:01:43 PM PDT by kcvl
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To: ChicagoConservative27
Why did it come back? I know very little.

Who knows. Someone (or some government) must have stepped in and bought.

138 posted on 05/06/2010 12:02:12 PM PDT by NeoCaveman (we now live in a post-Obamapacolyptic world)
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To: rwfromkansas

Someone on Fox just explained the stopping point is 10%..which in this case would be around 1100 I think they said.


139 posted on 05/06/2010 12:02:22 PM PDT by Lets Be Frank
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To: kcvl

“and halt the global economic recovery.”

Bwahahahahahahaha

Where can I get those drugs?

Bwahahahahahahaha

How about a little hint?

Bwahahahahahaha.


140 posted on 05/06/2010 12:02:29 PM PDT by gathersnomoss (Please God, watch over our country.)
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