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Old 05-06-2010, 11:40 AM   #1
Archer81
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Default OT-Dow down 350 points...

Because of the Greek riots and economic uncertainty in Europe. Also signs Portugal and Spain are facing similar issues Greece faced...

World is going to hell in a handbasket.

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Old 05-06-2010, 11:43 AM   #2
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Gold is up almost $20
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Old 05-06-2010, 11:44 AM   #3
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Dow now down 500 points.


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Old 05-06-2010, 11:44 AM   #4
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Now over 550 points - strange is that most domestic economic reports, even today, are up. We are tied into a global economic market.
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Old 05-06-2010, 11:44 AM   #5
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Cool. Time to buy stock
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Old 05-06-2010, 11:45 AM   #6
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-653 panic selling and black box triggers
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Old 05-06-2010, 11:46 AM   #7
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All hail the Euro.
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Old 05-06-2010, 11:46 AM   #8
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-750...

Holy smack.

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Old 05-06-2010, 11:47 AM   #9
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aaaaand this is why a sold a good chunk of stock recently. Too much of a run up and due for a correction, add in Greece, Spain and Portugal to that and you have the recipe for a huge sell off. Once we broke support (11,000) it's a free fall for a while. I don't think we'll touch the March 09 lows, but it's not out of the realm of possibilities.
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Old 05-06-2010, 11:47 AM   #10
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-850...

We have dropped below 10,000...


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Old 05-06-2010, 11:47 AM   #11
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-970
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Old 05-06-2010, 11:49 AM   #12
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bounced back up to -690
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Old 05-06-2010, 11:50 AM   #13
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it's because of the Orton rumor
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Old 05-06-2010, 11:51 AM   #14
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it's because of the Orton rumor
well it's back down -900 again, we must be trading him yet again?
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Old 05-06-2010, 11:55 AM   #15
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I'm watching this intently, which is also why I'm diverting from time to time to see what's going on in Broncoland here at the Mane. It's a little scary, but only a little. The European financial markets have been way over-valued for a while now. I exchanged Euros for dollars back in December because just about everyone saw a crisis brewing over debt in Portugal, Italy, Greece and Spain (the situation has now earned the ignoble, collective term PIIGS).

The belief is that Greece will default on it's debt, setting off a chain reaction in the other debt-laden euro countries; Italy, Spain & Portugal, but the indications now are that Greece will stick by the terms of it's bail-out agreement and make drastic domestic spending cuts, so the rebound in European as well as U-S markets could soon be a gold-mine in the paper money world of currency exchanges.
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Old 05-06-2010, 11:59 AM   #16
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I'm watching this intently, which is also why I'm diverting from time to time to see what's going on in Broncoland here at the Mane. It's a little scary, but only a little. The European financial markets have been way over-valued for a while now. I exchanged Euros for dollars back in December because just about everyone saw a crisis brewing over debt in Portugal, Italy, Greece and Spain (the situation has now earned the ignoble, collective term PIIGS).

The belief is that Greece will default on it's debt, setting off a chain reaction in the other debt-laden euro countries; Italy, Spain & Portugal, but the indications now are that Greece will stick by the terms of it's bail-out agreement and make drastic domestic spending cuts, so the rebound in European as well as U-S markets could soon be a gold-mine in the paper money world of currency exchanges.
Unless they go back on the drachma. No matter what, the news won't be good. Turns out the Euro was kind of a crap idea
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Old 05-06-2010, 12:01 PM   #17
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Unless they go back on the drachma. No matter what, the news won't be good. Turns out the Euro was kind of a crap idea

Suddenly the UK keeping the pound makes sense...


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Old 05-06-2010, 12:02 PM   #18
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I thought... I thought us copying European Socialism was a good idea though! At least that's what I keep getting told.
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Old 05-06-2010, 12:03 PM   #19
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bouncing between -450 and -500, wonder where we'll end up at the close!
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Old 05-06-2010, 12:04 PM   #20
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Quote:
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Suddenly the UK keeping the pound makes sense...


Imagine if they hadn't. They'd be so ****ed right now considering what they're already dealing with.
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Old 05-06-2010, 12:05 PM   #21
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Suddenly the UK keeping the pound makes sense...


Yeah, they fought hard against that. The Scanadinavian countries (with the exception of Finland) resisted it too. It just doesn't make complete sense to have one value for lots of different economies.
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Old 05-06-2010, 12:05 PM   #22
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Tech glitch, it's not real
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Old 05-06-2010, 12:06 PM   #23
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Gets down to 8,000 buy more stock
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Old 05-06-2010, 12:06 PM   #24
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I thought... I thought us copying European Socialism was a good idea though! At least that's what I keep getting told.
Please read up on why this is happening before you make non-sensical claims.
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Old 05-06-2010, 12:12 PM   #25
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Please read up on why this is happening before you make non-sensical claims.
It's because the Athenians are pussies and the Spartans are being oppressed. Only a Macedonian can fix this.
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