Biggest One Day Drop Since 2008

Discussion in 'Stock Market' started by boedicca, May 6, 2010.

  1. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,844
    Thanks Received:
    12,789
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,876
    Timber.

    The Sovereign Debt Crisis in Greece is tanking the markets today. Currently down 693 points

    Make that 715...no 803 points.
     
  2. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,844
    Thanks Received:
    12,789
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,876
    Down 827.
     
  3. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,844
    Thanks Received:
    12,789
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,876
    868
     
  4. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,844
    Thanks Received:
    12,789
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,876
    Dow at 9,917.
     
  5. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,844
    Thanks Received:
    12,789
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,876
    Now back up over 10K. Down 722.
     
  6. Mr Clean
    Offline

    Mr Clean Gold Member

    Joined:
    Aug 23, 2009
    Messages:
    10,055
    Thanks Received:
    2,250
    Trophy Points:
    255
    Ratings:
    +3,827
    YAY! Bad economic news!

    Now we can really stick it to that Obama character who calls himself the President.
     
  7. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,844
    Thanks Received:
    12,789
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,876
    Boys and Girls - if itty bitty Greece which is only 2% of the Eurozone can have this impact, think about what will happen when the U.S. debt explodes.
     
  8. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,844
    Thanks Received:
    12,789
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,876

    Only a sick person would be happy about this. A lot of carnage is underway - the only rationale response is to understand what caused the problem (SOVEREIGN DEBT CRISIS) so we don't repeat it here. Sadly, we are on our way to Greece^100.
     
  9. Baruch Menachem
    Offline

    Baruch Menachem '

    Joined:
    Sep 12, 2008
    Messages:
    14,204
    Thanks Received:
    3,235
    Trophy Points:
    185
    Ratings:
    +3,305
    We should learn from the mistakes of others. and not make new ones of our own.

    The Greek crisis should be an object lesson.

    And the greeks have the chance of a rescue. If we keep going down the path they went, who can save our bacon. Not that anyone will want to.
     
  10. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,844
    Thanks Received:
    12,789
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,876
    We're saving the Greeks via the IMF. Much of the developed world is facing a Sovereign Debt Crisis, with the line up looking like the U.S. will be last to implode. There won't be anyone to bail out the U.S. The only thing that will save us is to significantly restructure government spending, and retire substantial portions of the debt.
     

Share This Page