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Originally posted by lucentenigma
What the heck is going on?
I went to run some errands and the market took a nose dive.
Dow 9,749.08 -80.79 -0.82%
Baltic Dry 2175.00 -71.00 -3.16% 09/23
Baltic Capesize 2545.00 -139.00 -5.18% 09/23
Baltic Panamax 2436.00 -98.00 -3.87% 09/23
VIX 24.86 1.37 5.83% 11:23
VXD 22.25 1.25 5.95% 11:23
VXN 25.76 1.29 5.27% 11:23
Originally posted by Hx3_1963
Oil and Gold are sliding and DXY is rising...
Originally posted by fromunclexcommunicate
reply to post by GreenBicMan
Oh good your back to work! Now what we need to know is this a three day pull back in the equities or four? What are the support level indicators, bear flags, golden triangles and all that good stuff saying?
Earlier, investors had cheered a report that showed the number of U.S. workers filing new claims for jobless benefits fell by 21,000 last week, when economists were expecting an increase of 5,000. A less-volatile gauge of claims fell to an eight-month low.
US May Face 'Armageddon' If China, Japan Don't Buy Debt
US Treasury Secretary Timothy Geithner said G20 countries had reached a consensus on the "basic outline" of a proposal to limit pay and bonuses by the end of 2009.
Each country would set their own standards, he said, but that these would be overseen by the G20's Financial Stability Board - made up of central bankers and regulators.
Earlier, Chancellor of the Exchequer Alistair Darling warned bankers that the "party was over" and they must realise that the world has changed.