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
- Forget Ferguson, 244 Teenagers Have Been Shot In Chicago Since Michael Brown Died | ZeroHedge
- The U.S. Shale Breakeven Price Debate | Financial Sense
- nOPEC | iBankCoin.com
- Another Hedge Fund Legend Calls It Quits: Phil Falcone Leaves Harbinger Group, Gets $20.5 Million Severance | ZeroHedge
- Renewable Energy: Does It Need Critically Rare Materials? | Financial Sense
- FT's Tett: Gold “Tangible” and “Clear”; People “Unnerved” About “Money” in “Bottomless Cyber Space” | ZeroHedge
- A Feast of Data This Week | Financial Sense
The most relevant financial news and articles from the Internets
- How One Of The Richest Teams In College Football Makes Its Money | Business Insider
- Ferguson Officer Darren Wilson: 'I Know I Did My Job Right' | Business Insider
- Argentine President Emerges After Yet Another Illness And She Is Not Happy With... | Business Insider
- HERE IT IS: SocGen's Famous Chart With The Swans | Business Insider
- Unusual 11 Mid-... | StreetInsider.com
- Hughes' blow a cruel example of cricket's risks | Business Insider
- Here's The New Yorker's Brilliantly Simple New Ferguson... | Business Insider