markets break down in the last hour

100% FREE - Enter Your E-Mail Submit Get Quote Sign-Up Today Stock Profiles Market BLOG Explosive penny stock list for those looking for huge gains! Join our FREE newsletter and find out why our members are consistently receiving penny stock picks that make BIGprofits! "Wall Street Grand Releases a Brand New Must See Documentary 'The Dollar Bubble'" The most informative & comprehensive documentary ever produced on the federal reserves destructive monetary policies... Recent WSG Performance: GULF RESOURCES - GFRE $11.49 (+1251%) APOLLO GOLD Wall Street Grand Market Blog Breaking Stock Market New s and Coverage of the Global Economy « Italy Approves A $24 Billion Austerity Measure Monsanto Continues to Hit New 3 Year Lows » Markets Break Down In The Last Hour Department. First, the government said new-home sales skyrocketed nearly 15% in April, rallying to the highest level in over a year as buyers rushed to capitalize on an expiring tax credit. In addition, new orders for durable goods rose by much more than expected last month, soaring to their highest level in 18 months. However, as the day went on, the bears battled back in afternoon trading, with some media reports about China’s hesitation to buy more European debt. Against this backdrop, the major market indexes extended their recent pattern of eleventh-hour volatility, with the DJIA breaching key psychological support by the close- 10,000. The DJIA finished 9,974.45 and gave up a triple-digit lead in the final hour of trading, swallowing a loss of 69.3 points, or 0.7%. The S&P closed 1,067.95 and the Nasdaq 2,195.88. The Nasdaq closed below 2200 for the first time since February. The Dollar Movement As a rush to safety from the Euro-investors again rushed into Gold and the US $. The Euro has significantly broken down to 1.22 as some pundits believe the Euro will crash to parity with the US $. I don’t see that happening in the near term but do believe we’ll touch the 1.15 level last seen in 2002. Here’s a US $ chart of the massive upward movement- as a rush to safety. Tags: $, bear market , correction, durable goods reading, New Home purchases , us dollar This entry was posted on Wednesday, May 26th, 2010 at 1:11 pm and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed. Comments are closed. Home I Member Sign-Up I Featured Stock Profiles I Investor Multimedia I Stock Alert Archive I Wall Street News I Investment Services I Contact Copyright 2009- 2010 Wall Street Grand LLC. All Rights Reserved. Privacy Policy I Disclosure I Links I Online Brokers I Site Map 6/4/2010 Markets Break Down In The Last Hour | … …wallstreetgrand.com/…/markets-break… 1/1 Stocks kicked off the session on a high note today rising to high as 100 Points. The Street cheered a double dose of upbeat economic data from the Commerce

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Page 1: Markets break down in the last hour

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Sign-Up Today Stock Profiles Market BLOG

Explosive penny stock list for those lookingfor huge gains! Join our FREE newsletterand find out why our members areconsistently receiving penny stock picksthat make BIG profits!

"Wall Street Grand Releases a Brand NewMust See Documentary 'The Dollar Bubble'"The most informative & comprehensivedocumentary ever produced on the federalreserves destructive monetary policies...

Recent WSG Performance: GULF RESOURCES - GFRE $11.49 (+1251%) APOLLO GOLD - AGT $0.59 (+392%) GREEN STAR - GSAE $1.79 (+795%) IVANHOE MINES - IVN $14.94 (+259%) FRESHWATER - FWTC $0.20 (+471%) CHINA AGRITECH - CAGC $31.44 (+1037%) BULLION MONARCH - BULM $0.97 (+177%) BIONEUTRAL GROUP - BONU $3.50 (+695%) LINKWELL CORP - LWLL $0.24 (+380%) DRD GOLD LIMITED - DROOY $10.59 (+220%) JAGUAR MINING - JAG $12.76 (+465%) AGFEED INDUSTRIES - FEED $7.96 (+512%)

Wall Street Grand Market BlogBreaking Stock Market New s and Coverage of the Global Economy

« Italy Approves A $24 Billion Austerity MeasureMonsanto Continues to Hit New 3 Year Lows »

Markets Break Down In The Last Hour

Department. First, the government said new-home sales skyrocketed nearly 15% in April, rallying to the highest level in over a year as buyers rushed tocapitalize on an expiring tax credit. In addition, new orders for durable goods rose by much more than expected last month, soaring to their highest level in 18months.

However, as the day went on, the bears battled back in afternoon trading, with some media reports about China’s hesitation to buy more European debt.Against this backdrop, the major market indexes extended their recent pattern of eleventh-hour volatility, with the DJIA breaching key psychological support bythe close- 10,000. The DJIA finished 9,974.45 and gave up a triple-digit lead in the final hour of trading, swallowing a loss of 69.3 points, or 0.7%. TheS&P closed 1,067.95 and the Nasdaq 2,195.88. The Nasdaq closed below 2200 for the first time since February.

The Dollar Movement

As a rush to safety from the Euro-investors again rushed into Gold and the US $. The Euro has significantly broken down to 1.22 as some pundits believe theEuro will crash to parity with the US $. I don’t see that happening in the near term but do believe we’ll touch the 1.15 level last seen in 2002. Here’s a US $ chartof the massive upward movement- as a rush to safety.

Tags: $, bear market, correction, durable goods reading, New Home purchases, usdollar

This entry was posted on Wednesday, May 26th, 2010 at 1:11 pm and is filed under Stock MarketNews. You can follow any responses to this entry through the RSS 2.0 feed. Both comments andpings are currently closed.

Comments are closed.

Home I Member Sign-Up I Featured Stock Profiles I Investor Multimedia IStock Alert Archive I Wall Street News I Investment Services I Contact

6/4/2010 Markets Break Down In The Last Hour | …

…wallstreetgrand.com/…/markets-break… 1/1

Stocks kicked off the session on a high note today rising to high as 100 Points. The Street cheered a double dose of upbeat economic data from the Commerce

http://blog.wallstreetgrand.com/2010/05/markets-break-down-in-the-last-hour/

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