The Political Fray - Political Forum
Go Back   Political Fray > The Political Fray > Economics

Economics For discussion about economics, financial markets, investing, stock markets, finance, and economic theory

LinkBack Thread Tools Display Modes
Old May 6th, 2010, 12:30 PM   #1
Founding Father
myp's Avatar
Joined: Jan 2009
From: US
Posts: 5,841

Dow suffers huge fall, international markets down, gold up

An interesting day today to say the least. The Dow was down by nearly 1000 points earlier today, but thankfully bounced back to around 350 down right now (still bad, but relatively better.) The large fall was partly due to growing uncertainty of Greece and worries of a potential contagion effect. There is also word that it could have been partly due to a trading error.

European markets were down significantly as well, as the future of Greece and the Euro is still murky. Greek, Spanish, and Italian bond yields surged, stocks dipped, and the Euro is down once more.

As investors tried to shed risk, gold was on of the favorites and as such it had a very strong day, up ~3% right now to $1200+. US treasuries also had a strong day as investors fled from riskier bonds.

myp is offline  
Old May 11th, 2010, 11:55 AM   #2
Joined: May 2010
Posts: 10

It is the largest intra-day crash in market history. It did see a huge 400 point recovery monday, in my opinion it is big time manipulation I believe the stop plunge committee had to step on because of it's massive drop.
PCKen is offline  

  Political Fray > The Political Fray > Economics

dow , fall , gold , huge , international , markets , suffers

Thread Tools
Display Modes

Similar Threads
Thread Thread Starter Forum Replies Last Post
Fall of Capitalism? Akuma Economics 27 March 22nd, 2018 03:02 PM
US documents allege huge money laundering lapses at HSBC myp Current Events 0 May 3rd, 2012 04:20 AM
Markets dip on horrible Germany auction myp Current Events 4 November 24th, 2011 09:31 AM
QE3 possibility sends markets up myp Current Events 1 August 9th, 2011 10:01 AM
Fall of the Republic David Government and Politics 3 March 18th, 2010 09:26 AM

Facebook Twitter RSS Feed

Copyright © 2009-2013 Political Fray. All rights reserved.