EU Kicks Stocks Down Again
Today is no different, the major indexes are down around 1.5% and the rich only care about how they lost a few bucks on Facebook (FB). Cry me a river.
Stocks are down because Greece is killing us all, pushing our precious equities off the cliff into a bottomless pit.
NEW YORK (AP) -- Markets are swooning in Europe and the U.S. as investors become increasingly skeptical that European leaders will succeed at jump-starting the region's economy and preventing a messy exit from the euro by Greece.
The euro fell to its lowest level against the dollar in nearly two years as confidence in Europe's common currency continued to erode. Stock markets in Europe and commodities prices also fell sharply.
European leaders are meeting to try and find a way to keep the region's debt crisis from spiraling out of control. They're also seeking ways to promote jobs and growth.
Here's how the indexes are trading right now:
Best of the Blogs
Scanning and identifying the best blog entries every hour
- On The Ambiguity Of The Fed's Dot Plot | ZeroHedge
- The Good and the Bad Before BABA | iBankCoin.com
- Why the Debate Over U.S. LNG Exports Has Been Won | Financial Sense
- White House Explains Where Your $1.3 Billion Went In Ukraine | ZeroHedge
- The Emergence of the U.S. Petro-Dollar | Financial Sense
- Australia Stunned After ISIS Plan To "Publicly Behead Random Person In Sydney" Foiled | ZeroHedge
- Frontrunning: September 19 | ZeroHedge
The most relevant financial news and articles from the Internets
- Philly Fed Employment Index Highest Since May 2011 (DIA, SPY, QQQ, TLT) | Business Insider
- Trading Radar for... | StreetInsider.com
- Virginia Town is Best Place in the U.S. to Raise Kids | BusinessWeek
- How to Position for a Turnaround at Oil Servicer McDermott | TheStreet.com
- See The BBC's Pathetic Confession About Why Its Scottish... | Business Insider
- Iran slams US as 'obsessed' with sanctions as... | Business Insider
- How Cnooc, PetroChina Investors Can Benefit From Disputed South China Sea | TheStreet.com