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Old 05-06-2010, 01:45 PM   #1
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Default DOW 5/06 tanking...
-570 and down she's going...

Dow Jones Industrial Average: INDEXDJX:.DJI quotes & news - Google Finance
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Old 05-06-2010, 01:48 PM   #2
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Default Re: DOW 5/06 tanking...
See what happens by the bell.
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Old 05-06-2010, 01:55 PM   #3
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Default Re: DOW 5/06 tanking...
Duke and Duke are trying to corner the Orange Juice market...

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Old 05-06-2010, 01:55 PM   #4
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Default Re: DOW 5/06 tanking...
Reaction to what's going on in Europe, specifically Greece. Fox Business: Selling Spree: Dow Dives 900 on Euro Fears - FOXBusiness.com
Quote:
“This is a currency crisis that has the potential to blow up into a global financial crisis,” said Peter Kenny, managing director at Knight Capital Partners. “The only thing that’s going to turn this thing around is action.”

Fears on Wall Street that Greek's debt crisis will spread to other high-debt European nations like Portugal and Spain. These so-called contagion worries were bolstered by a new Moody's report.

“This is clearly concerning. The uptrend of the last year has clearly been broken with this move down," said Michael James, senior equities trader at Wedbush Morgan Securities.
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Old 05-06-2010, 02:21 PM   #5
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See what happens by the bell.
Yep - the "Plunge Protection Team" could yet again save the day!
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Old 05-06-2010, 02:21 PM   #6
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Default Re: DOW 5/06 tanking...
Entitlements destroy countries.
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Old 05-06-2010, 02:22 PM   #7
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Originally Posted by Leave No Doubt View Post
Reaction to what's going on in Europe, specifically Greece. Fox Business: Selling Spree: Dow Dives 900 on Euro Fears - FOXBusiness.com
It's at -448 now...yep, the PPT is saving the day yet again!
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Old 05-06-2010, 02:26 PM   #8
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Entitlements destroy countries.
That has nothing to do with this sell off...

What we are seeing is the profit taking after the bulk of the public was assured that the economy has stabilized... they took billions of your dollars last year, and then they needed to get one last sell off before the entire house of cards falls.
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Old 05-06-2010, 02:29 PM   #9
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Default Re: DOW 5/06 tanking...
The US is the largest contributor to the IMF, 17.1% I think. Not all countries contribute but of those that do we sit on top of that list.
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Old 05-06-2010, 02:31 PM   #10
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Default Re: DOW 5/06 tanking...
It is now 3:31 PM and it is down 390, wonder why no one posted when it had some of the + 250 days???
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