Global Economy Bursting?

[Randolph Kinney]

A Thorough Look At The Downgrade, And What It Means For Markets And The Economy

Read more: http://www.businessinsider.com/impa...To Know Before The Opening Bell#ixzz1UXKLoJmN

This is a good piece for what it all means and the direction of things to come.

 

[Randolph Kinney]

Stock selling accelerates on Europe's benchmark index; Stoxx Europe 600 off 5%, DAX off 6%

http://www.marketwatch.com/story/german-dax-off-6-led-by-sap-deutsche-bank-2011-08-09?siteid=bnbh

 

[Randolph Kinney]

Shares tied to the oil sector plummet in London as the FTSE 100 drops nearly 4%

http://www.marketwatch.com/story/lo...y-royal-dutch-shell-bp-2011-08-09?siteid=bnbh

 

[Randolph Kinney]

Dow industrials gain 140 points as Nasdaq, up 1.5%, leads rebound push

http://www.marketwatch.com/story/us...ebound-from-rout-2011-08-09-93740?siteid=bnbh

 

[Randolph Kinney]

Hay Cheaper to Ship to China Than California Hits Dairies: Freight Markets

http://www.bloomberg.com/news/2011-...-california-hits-dairies-freight-markets.html

U.S. hay, the country’s third-largest crop by value, is now cheaper to ship to China than to farmers in central California, compounding shortages that mean record prices for the dairy industry.

Ocean freight costs about $30 a short ton (0.91 metric tons) to send hay to Asia from Los Angeles, compared with $53 to truck the crop from southern California to the center of the state.

Prices for alfalfa, the most common variety of hay, surged 62 percent in a year and reached a record $186 a ton in July.

Shipping lines hauling Asian goods to the U.S. are failing to fill boxes on the return journey, driving down costs for the containers used to carry bales of hay. That imbalance is contributing to the biggest U.S. trade deficit in almost three years and threatening earnings for dairies and cattle feedlots that the government had expected would help the U.S. agriculture industry.

 

[Randolph Kinney]

Fed says it will hold rates fast until mid-2013

Chum hits the water, market likes it

http://www.msnbc.msn.com/id/44064023/ns/business-stocks_and_economy/

 

[Couch Potato]

Anyone need a neck brace?

Dow's 635-point loss is worst drop since December 2008

U.S. stocks closed with broad, deep losses Monday after a Standard & Poor's cut of the U.S. credit rating to double-A sparked a flight to safe-haven investments such as gold.

The DOW lost 634.76 points, or 5.6%, to 10,809.85.

The S&P 500 shed 79.92 points, or 6.7%, to 1,119.46.

The Nasdaq Composite dropped 174.72 points, or 6.9%, to 2,357.69.

Dow's 430-point gain is largest rise since May 2010

What difference a day makes.

The DOW gained 429.96 points, or 3.98%, to 11,239.77.

The S&P 500 added 53.07 points, or 4.74%, to 1,172.53.

The Nasdaq Composite rose 124.83 points, or 5.29%, to 2,482.52.

 

[Dee Dee]

Anyone want to guess what tomorrow will bring? Ugh.

 

[Workbox]

Anyone want to guess what tomorrow will bring? Ugh.

This game is rigged, it will go up another one to two days then bulk seller may come in and take profits. It will sea-saw like that and establish a base and then shoot up to make a "V" formation, come down and then bounce up and try to go to 1320-1340 again.

As I said before, this will be our last dance. Good luck to all.

 

[Workbox]

Sure it is. Poor guys, I wonder if this was done on purpose to get them out of the elections? Then again, I could be wrong.

What an ugly downturn, but I smell a Rally this week either tomorrow or Wednesday. :new_smile-l:

Wow was I right or what? But I was just passing along the knowledge.