Stock market speculation?

Apoco · 07-27-2011, 08:59 AM

Been 5 days now. We've seen 2 days of market freefall since then and Exchange rates have dropped quite a bit. The USD has been losing against the EUR for nearly 3 weeks now (keeping in mind that the EUR is also in danger - it is the most realistic comparison to gauge how the world sees the USD debt crisis vs. the EUR debt crisis).

The S&P 500 has gone from 1,345.02 to 1,313.07 in 2.25 days. That's a loss of 31.95 points or a 2.4% drop. Yikes.
The DJIA hasn't done much better - going from 12,681.16 to 12,399.54. That's a loss of 281.62 points or a 2.2% drop.

In short - OH GOD THE SKY IS FALLING.
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07-27-2011, 08:59 AM	#26
Apoco Nerd with social skills Join Date: May 2010 First Name: Alex Location: Chattanooga, TN Posts: 1,286 Trading: (37)	Re: Stock market speculation? Been 5 days now. We've seen 2 days of market freefall since then and Exchange rates have dropped quite a bit. The USD has been losing against the EUR for nearly 3 weeks now (keeping in mind that the EUR is also in danger - it is the most realistic comparison to gauge how the world sees the USD debt crisis vs. the EUR debt crisis). The S&P 500 has gone from 1,345.02 to 1,313.07 in 2.25 days. That's a loss of 31.95 points or a 2.4% drop. Yikes. The DJIA hasn't done much better - going from 12,681.16 to 12,399.54. That's a loss of 281.62 points or a 2.2% drop. In short - OH GOD THE SKY IS FALLING. Posted via Mobile Device