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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-11-12 07:40 PM
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"A Down Day Caps a Brutal Week for the Dow"
A Down Day Caps a Brutal Week for the Dow
By Andrew Tonner

nvestors are licking their wounds after a relatively rough week. For the week, the Dow Jones Industrial Average (INDEX: ^DJI ) feel 1.7%, or 218 points. Before its lone positive day of the week yesterday, the Dow had closed in the red for six consecutive days. Today's trading results didn't help much. The Dow dropped another 35 points today to leave it down 0.3%. Other broad U.S. indexes were a mixed bag. The S&P 500 also declined 0.3%, while the tech-weighted Nasdaq eked out a tiny gain of just 0.01%.

Macro storylines weighed heavily on U.S. indexes. Anxiousness over the fallout from European elections in France and especially Greece dominated headlines this week. This week's drama reached its crescendo when eurozone governments announced that they considered withholding part of Greece's bailout payments amid the nation's turbulent political climate.

As a result of this week's political tumult, volatility also surged throughout the week. The market's so-called "fear gauge," or the VIX (INDEX: ^VIX ) , increased yet again today, climbing 5.6%. And despite all the high-level news, individual stocks also gave investors plenty to discuss.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-12-12 12:34 AM
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1. Somewhere along the line, Wall Street decided it was entitled to no changes and
Edited on Sat May-12-12 12:35 AM by No Elephants
politicians agreed with Wall Street.

So, the world got engineered to avoid ruffling the feathers of the investor class, instead of requiring that investors adapt to the world.

This is one of many things that happens when the principal (no pun intended) way to make money is betting on Wall Street (or whatever street it is in your country).

This video about Carroll Quigley, whom Clinton said influenced him, explains so much.
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