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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: UnbelievingScumOnTheOtherSide

10,466.74
-401.38 (-3.69%)
Real-time: 3:14PM EDT


181 posted on 05/06/2010 12:15:14 PM PDT by kcvl
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To: UnbelievingScumOnTheOtherSide

Naw they were caught by surprise. The government team is ready with as much as needed to stop the plunge.


182 posted on 05/06/2010 12:15:19 PM PDT by screaminsunshine (S)
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To: screaminsunshine

Scam it is. The feds using my tax money to buy stock. I didn’t authorize that. Who do they think they are?


183 posted on 05/06/2010 12:15:21 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: TonyInOhio

It was -996 at the bounce.


184 posted on 05/06/2010 12:15:48 PM PDT by UnbelievingScumOnTheOtherSide (NEW TAG ====> **REPEAL OR REBEL!** -- Islam Delenda Est! -- Rumble thee forth)
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To: EBH

yeah, this is not good at all. There was a breakdown in the trading system for about fifteen minutes on top of a big selloff for the day.


185 posted on 05/06/2010 12:16:05 PM PDT by your local physicist (Don't blame me. I wasn't fooled by anyone. I crossed my fingers and voted for McCain.)
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To: screaminsunshine
Prove it.

When you can...get back to me.

186 posted on 05/06/2010 12:16:14 PM PDT by Osage Orange (Si vis pacem, para bellum)
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To: your local physicist

>>a breakdown in the functioning of market maker firms.

And another huge scam netted billions for the perps of this “glitch”.

Yup, call me cynical, but I just think we saw some people get rich enough to buy their own countries.


187 posted on 05/06/2010 12:16:21 PM PDT by swarthyguy (KIDS! Deficit, Debt,Taxes!Pfft Lookit the bright side of our legacy -Ummrika is almost SmokFrei!)
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To: Dave346

Yikes heading down again -400


188 posted on 05/06/2010 12:16:30 PM PDT by mware (F-R-E-E, that spells free, Free Republic.com baby.)
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To: Evil Slayer

PPT look it up. Obama can not afford a market crash yet.


189 posted on 05/06/2010 12:16:30 PM PDT by screaminsunshine (S)
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To: blam

Is it time to panic?


190 posted on 05/06/2010 12:16:42 PM PDT by ilovesarah2012
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To: Sarah Barracuda

Gold, silver, precious metals.

Silver coins, smaller bars of silver you can have in your possession.


191 posted on 05/06/2010 12:16:42 PM PDT by onyx (Sarah/Michele 2012)
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To: your local physicist

The action was not the result of any particular news item, but rather a breakdown of technical levels and a wave of broad-based selling.

The whipsaw trade has caused a surge in volatility, such that the Volatility Index is currently up more than 60%. DJ30 -518.29 NASDAQ -103.09 SP500 -50.09 NASDAQ Adv/Vol/Dec 436/3.36 bln/2331 NYSE Adv/Vol/Dec 142/1.62 bln/3021

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


192 posted on 05/06/2010 12:16:44 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: Osage Orange

Is your head nice and cool down there in the sand? We are transforming from free to public markets.


193 posted on 05/06/2010 12:17:52 PM PDT by screaminsunshine (S)
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To: Evil Slayer
The feds using my tax money to buy stock.

The Working Group on Markets (aka the Plunge Protection Team, or "PPT") was created by President Ronald Reagan by executive order after the Panic of 1987. Its role is to use Treasury and Federal Reserve funds to prop up the markets in the event of a panic.

It's all very legal.

194 posted on 05/06/2010 12:18:36 PM PDT by Publius (Unless the Constitution is followed, it is simply a piece of paper.)
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To: your local physicist

A trading forum said that Fidelity couldn’t process trades during the dive due to overload.


195 posted on 05/06/2010 12:20:25 PM PDT by TSgt (We will always be prepared, so we may always be free. - Ronald Reagan)
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To: blam

CNBC AND FOX JUST NOW WONDERING IF THE IS SOME KIND OF CYBER ATTACK!!!


196 posted on 05/06/2010 12:20:39 PM PDT by Dr. Eckleburg ("I don't think they want my respect; I think they want my submission." - Flemming Rose)
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To: rwfromkansas

Programmed trading.


197 posted on 05/06/2010 12:21:01 PM PDT by Pelham (Obamacare, the new Final Solution.)
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To: your local physicist

It could just be that so many people were executing trades that the calculations fell behind real time. This sort of thing happens when panic sets in.


198 posted on 05/06/2010 12:21:52 PM PDT by Dave346
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To: Dr. Eckleburg

Yeah, that’s the ticket...Barry will blame it on a Tea Party Cyber Attack.


199 posted on 05/06/2010 12:23:10 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: screaminsunshine
We have unsustainable of debt in this country and I can't predict what the market will do.

OTOH, this isn't your Grandparents stock market, where high yields (dividends) and growth mean much anymore.

OurWall Street is being played like a Casino and NOT by your joe six pack.

I'm still in..

200 posted on 05/06/2010 12:23:16 PM PDT by spectre (Spectre's wife)
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