SwingTrade Member Forum

[Rawnoc]

Oops, that "fly" is heading straight to Dow 10,000 ;)

Posted by: Wizard Date: Monday, June 22, 2009 11:09:50 AM
In reply to: Rawnoc who wrote msg# 200249 Post # of 201946

Oops. Fly in the "10,000" ointment. Media wonders if perhaps the recession is not over. To which I respond: "Um, duh !!"

Stocks smacked by global slowdown fears
Dow plunges over 130 points; Nasdaq, S&P 500 sink over 2% after World Bank cuts global growth forecast. Oil prices slump. Bond prices rally.

NEW YORK (CNNMoney.com) -- Worries about the economic slowdown dragged on stocks Monday morning, after the World Bank said the global recession has worsened.