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 ...
Take the tin foil off your head....and step away from the computer.
It’s bad apparently. I do business with a large French factory and they essentially curled up in a ball and suspended payments last week. Everyone over there must be in hoard and hold mode.
Now that we are down almost 200 within the 1st hour of trading on Friday, do we continue this thread, or a new one?
Bouncing between -150 and -200, I’ve read that a 10% correction was due. Looks like correction time is here.
I suggest a new thread for today.
I watch my savings evaporate. Thanks LIBs. Thanks nobama. Maybe I am destined to be a socialist scum, begging for everything that is “mine”.
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