Market News

[FAB1]

Only the Ap can report UNEMPLOYMENT RISING is a good thing. I dont buy the Job seekers BS the AP hopes you are more of a moron than they are. tools for fools.

 

[fabijo]

Market's pullback could be heavier than any since March 2009

So it looks like you posted that around an hour before the big "trading glitch" in yesterday's trading. Must not have been a glitch if people were already reporting that we could expect a big pullback.

 

[FAB1]

nuutt are you psychic?? wow

 

[nnuut]

I know, I know.
By the way that prediction is still in play!

 

[FAB1]

Only the Ap can report UNEMPLOYMENT RISING is a good thing. I dont buy the Job seekers BS the AP hopes you are more of a moron than they are. tools for fools.

Spin isnt fooling investors. stocks still tanking. S fund down nearly 2%.

 

[James48843]

S&P500 went down to 1094, before rebounding.

I'm thinking it will dip back near 1080 mark, and then settle in around there.

 

[James48843]

The IMF approves $40 billion for Greece- part of a $140 billion dollar package.

http://news.yahoo.com/s/ap/20100509/ap_on_bi_ge/us_greece_imf

By DANIEL WAGNER, AP Business Writer Daniel Wagner, Ap Business Writer – 1 hr 2 mins ago
WASHINGTON – The International Monetary Fund has put up nearly $40 billion to help bail out Greece and appease investors' fears of a spreading European debt crisis.
The IMF's executive board met in Washington Sunday to approve a three-year, euro30 billion loan for the debt-plagued nation, part of a $140 billion package (euro110 billion) negotiated with other eurozone countries.

Think it will affect Monday's trading?

 

[fedgolfer]

Enough already...

http://finance.yahoo.com/news/Fannie-Mae-seeks-84B-in-aid-apf-687711093.html?x=0

 

[fabijo]

Wonder where Europe is getting much of it's money for the trillion dollar bailout?

Fed Intervenes in European Debt Crisis

After months of quietly watching from the sidelines, the United States finally intervened in the European debt crisis on Sunday night.

The Federal Reserve announced that it would open currency swap lines with the European Central Bank — in essence, printing dollars and exchanging them for euros to provide some liquidity for European money markets and banks.

http://www.nytimes.com/2010/05/10/business/global/10swap.html?src=mv

 

[tsptalk]

Wonder where Europe is getting much of it's money for the trillion dollar bailout?

I thought they were taking advantage of the Discover credit card cash back program.

 

[WorkFE]

Reward points and frequent flyer miles

 

[nnuut]

Wonder where Europe is getting much of it's money for the trillion dollar bailout?

The IMF WHICH IS FUNDED 25% FROM YOUR TAXES!!!

 

[Frixxxx]

Chrysler owes us money!

Treasury takes $1.6 billion loss on Chrysler loan
http://finance.yahoo.com/news/Treas...58.html?x=0&sec=topStories&pos=1&asset=&ccode=

Somebody explain to me why they are still in business, and the taxpayers aren't getting paid????

 

[hessian]

Chrysler owes us money!

Treasury takes $1.6 billion loss on Chrysler loan
http://finance.yahoo.com/news/Treas...58.html?x=0&sec=topStories&pos=1&asset=&ccode=

Somebody explain to me why they are still in business, and the taxpayers aren't getting paid????

Amazing,
IMO, the only good brand product is the Jeep. I've never been without a Jeep all my life! I'll suggest we should all get a FREE new, full-loaded Wrangler (2 or 4 door). Apologies, Frixxxx, this really is an amazing travesty. Sounds like a poor "C" movie, one of the ol' Too-Big-To-Fail trageties (and one that will surely come back to bite us).
VR

 

[nnuut]

Market Falling Through Support!:worried:

http://www.marketwatch.com/story/stock-market-breaks-major-support-level-2010-05-20

 

[nnuut]

They are letting the same guy that wouldn't take action to cure this problem in 2003/2004 head this thing up, he's doing it again? STUPID:nuts:

Why the White House is wrong on derivatives
http://wallstreet.blogs.fortune.cnn.com/2010/05/20/why-the-white-house-is-wrong-on-derivatives/

 

[Silverbird]

White House is not in charge of Congress. Can't control what's going on on the other end of Penn Ave. Not going to come up against the bill since he wants finance reform.

Needs to send a message to Dodd however. Maybe have the Chief of Staff do the delivery? I hear he's about as diplomatic as a Roman Legionnaire.:toung:

 

[Bullitt]

In case you were wondering why the market is down today, the WSJ says it is Korea's fault. Never mind the fact that the consumer is dead, housing is continuing it's descent, 1 in 5 Americans are jobless and China is in the gutter. This is exactly what I'm talking about in my latest blog entry. This is disinformation. It's incredible to me that these are professional journalists and writers penning this propaganda. If you can't think of something good, save a tree and save the world from having to load up a web page filled with flash commercials and pop ups.

Oh, wait, Korea is bearish news so that means you should buy because contrarian investing is doing the opposite. Unless you get good news, and it that case, you should always look to trickle back into equities. At least, that's what the bull cheerleaders want you to do.

 

[Silverbird]

I haven't trusted the WSJ since Murdoch bought them out. I want finance news from the Journal, and there are too many opinion pieces in there now: on political matters.

 

[Bullitt]

Murdoch

I agree. I'm very tired of them always sticking up for Goldman Sachs too.