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Wall Street gets slammed

By: Decomposed in ROUND | Recommend this post (0)
Wed, 07 Nov 12 8:23 PM | 105 view(s)
Boardmark this board | De's Test Board 		Msg. 44878 of 45651
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re: "Just 90 points. I expected more."

Ah. HERE is the "more" I expected. The Dow is now down 275.

It's interesting that the blame is being foisted onto Europe - when it's exactly the sort of downturn I expected FROM THE ELECTION.
 

November 7, 2012

Wall Street gets slammed as Europe fears take stage

By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) — U.S. stocks declined Wednesday, retreating after the prior session’s strong gains and U.S. President Barack Obama’s reelection, as Europe’s economic troubles hit investor sentiment.

“The downturn is more related to what is going on in Europe than to this election result,” said Randy Frederick, managing director of active trading and derivatives at Charles Schwab & Co.

More: http://www.marketwatch.com/story/us-stocks-slide-as-europes-troubles-hit-2012-11-07?dist=lcountdown




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
U.S. stock futures slump in post-election action
By: Decomposed in ROUND
Wed, 07 Nov 12 5:18 PM 		Msg. 44877 of 45651

Just 90 points. I expected more.

I wonder how much further they'll fall as the unemployment rate climbs back over 8.1%...
 


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Nov. 7, 2012, 7:52 a.m. EST

U.S. stock futures slump in post-election action

By Barbara Kollmeyer and Sarah Turner, MarketWatch

MADRID (MarketWatch) — U.S. stock futures pointed to sharp losses for Wall Street on Wednesday, as investors pushed past an election victory for President Barack Obama to focus on urgent fiscal-cliff issues.

After swinging between gains and losses, futures for the Dow Jones Industrial Average dropped 90 points, or 0.7%, to 13,111.

More: http://www.marketwatch.com/story/us-stock-futures-slide-as-votes-roll-in-2012-11-06

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