Friday, May 21, 2010

BREAKING NEWS: THE DOW GETS WHIPPED TO BELOW 10,000 AFTER YESTERDAYS BIG DROP

*EURO ZONE PROBLEMS BECOMING MORE CONTAGIOUS
*JOBLESS APPS INCREASE
*SENATE PASSES SWEEPING WALL STREET BILL
STAY TUNED FOR DEVELOPING STORIES.........
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Monday, May 10, 2010

MARKETS SOAR ON IMF'S EUROPEAN BAILOUT PACKAGE

*EURO RETURNS TO 1.30 AREA
*WILL THE PARTY LAST?
Astoria, New York
A nearl 1000 pt scare last week after a computer glitch sent the Dow tumbling in seconds and persisting European debt worries have translated in a strong rally on all bourses today. The reason is the IMF's committment in stabilizing Europe and the rest of the world. " This can been seen as quick fixes as well as trying to calm fears in the markets, but long term solutions are needed to create a more transparent environment for investors. " commented FPG. The Dow quickly slid to just below 10,000 on Thursday after stabilizing in 10,300 area on Friday. Today an early 400 point rally took it into 10,700 area, still a bit away from the 11,000 zone. The real economist will continue to monitor the situation.
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