U.S. stock futures off sharply; gold, oil up (Futures off more than 2%)

Roland99

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Wed Aug-10-11 08:23 AM
Original message

U.S. stock futures off sharply; gold, oil up (Futures off more than 2%)

Source: MarketWatch

U.S. stock futures tumbled sharply Wednesday, as investors paused after the previous session�s rally triggered by the Federal Reserve�s intention to keep rates low at least for two more years and European banks slid.

Stock-index futures fell to session lows �just as French banks move to the lowest since April �09. Italian banks are also down sharply,� noted Peter Boockvar, equity strategist at Miller Tabak.

Futures on the Dow Jones Industrial Average DJ1U -2.22% dropped 170 points to 11,024 and those on the Standard & Poor�s 500 index SP1U -2.42% fell 18.60 points to 1,153.10.

Nasdaq 100 futures ND1U -2.20% slipped 38.25 points to 2,116.75.

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Roland99

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Wed Aug-10-11 08:24 AM
Response to Original message

1. Still dropping

S&P 500 1,144.50 -27.00 -2.30%
DOW 10,949 -245.00 -2.19% NASDAQ
2,107 -48.00 -2.23%

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nc4bo

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Wed Aug-10-11 08:32 AM
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2. I guess this is the new normal?

And everything's just fine in the world, right?

Seems more like convulsions....

:scared:

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louis-t

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Wed Aug-10-11 10:51 AM
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3. So far, we've avoided the wild swings that were common to the bush era.

I remember 1,000 point swings in one day. Now that repugs are flexing their muscles, expect more of this. They are NOT good stewards of the economy. Reckless and dangerous.

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