Tracking the DOW PLUNGE!!!

http://finviz.com/fut_image.ashx?rel...64429085625000

Shittttttt!

Tanking -405.98

And counting!

But look at the USD, up 1.25! All the money that's fleeing Europe is coming to uncle sam!

Quote:

---

Originally Posted by madfranks

But look at the USD, up 1.25! All the money that's fleeing Europe is coming to uncle sam!

---

Only a short sighted fool would think the USD is a "safe haven". We are much worse off, and it'll only be a matter of time before those moron paper traders see it.

Quote:

---

Originally Posted by madfranks

But look at the USD, up 1.25! All the money that's fleeing Europe is coming to uncle sam!

---

True, they are trying to find a safe harbor.


Still , some could see chicken little. ;D

Quote:

---

Originally Posted by madfranks

But look at the USD, up 1.25! All the money that's fleeing Europe is coming to uncle sam!

---

The whole market is broken. It is a bizarre financial play. Dollars compared to Euros goes up --->
dollar buys more stocks -----> stock prices drop.

BUT it is not that simple. I thought it was, but have been watching the Euro follow our stock prices (inversely). There is some underlying money transfer going on whereby the two are tied together, but not causative (necessarily) by the Euro. I think it is more of the risk being assessed on companies - and largely banking companies, which is preceding the drop of the Euro. It's like early warning circulates among the insiders (traders at the elite houses).

http://www.youtube.com/watch?v=OUuo2CDY_BE

i know it's amateur hour but i couldn't resist.
DOW
11,569.60
-226.56 (-1.92%)

Yeehaw! -289!

-314