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It pays to be a contrarian..read below

mal 2012/06/24 22:13:32
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  • Rusty Bubbles 2012/06/25 20:26:16
    Rusty Bubbles
    Update on Garth Turner’s Dodgy Advice ~~~ Hope you didn't bet the bank on his read




    NEW YORK (CNNMoney) - U.S. stocks fell Monday as investors lowered their expectations for a key summit of European Union leaders later this week.

    The Dow Jones industrial average tumbled 138 points, or 1.1%, according to early tallies. The S&P; 500 slid 21 points, or 1.6%, and the Nasdaq sank 54 points, or 1.9%.

    Bank of America and Hewlett-Packard were the worst performers on the Dow, while Wal-Mart bucked the trend. Shares of the world's largest retailer rose 1%.

    The selloff was driven by doubts that EU leaders will come up with a "game-changer" at two-day meeting that starts Thursday.

    "The eurozone crisis is deepening as investors have little faith in a culmination of any sort of agreement on how to deal with the situation at this week's EU summit," said Angus Campbell, a market analyst at London-based Capital Spreads, in a note to clients.

    The leaders are expected to discuss steps towards a so-called banking union and other measures to boost economic activity. But investors are skeptical that Germany will back more radical moves to share the debt burden of struggling euro area governments.

    "Investors have all too often seen these summits before ending with little in the way of a r...









    Update on Garth Turner’s Dodgy Advice ~~~ Hope you didn't bet the bank on his read




    NEW YORK (CNNMoney) - U.S. stocks fell Monday as investors lowered their expectations for a key summit of European Union leaders later this week.

    The Dow Jones industrial average tumbled 138 points, or 1.1%, according to early tallies. The S&P; 500 slid 21 points, or 1.6%, and the Nasdaq sank 54 points, or 1.9%.

    Bank of America and Hewlett-Packard were the worst performers on the Dow, while Wal-Mart bucked the trend. Shares of the world's largest retailer rose 1%.

    The selloff was driven by doubts that EU leaders will come up with a "game-changer" at two-day meeting that starts Thursday.

    "The eurozone crisis is deepening as investors have little faith in a culmination of any sort of agreement on how to deal with the situation at this week's EU summit," said Angus Campbell, a market analyst at London-based Capital Spreads, in a note to clients.

    The leaders are expected to discuss steps towards a so-called banking union and other measures to boost economic activity. But investors are skeptical that Germany will back more radical moves to share the debt burden of struggling euro area governments.

    "Investors have all too often seen these summits before ending with little in the way of a resolution," said Campbell. "The markets are crying out for the bazooka that will put an end to the uncertainty, but unfortunately Europe's paymaster Germany is unwilling to pull the trigger."

    Spain was in focus Monday after the government officially requested EU loans to help bailout the nation's banks.

    Shares of Santander and BBVA, the two largest Spanish banks, were both down more than 5%.

    Spain's borrowing costs have risen recently to record highs above 7%, although the yield on 10-year Spanish bonds stood at about 6.6% Monday. Some investors fear that Spain may need a bailout similar to those given to Greece, Portugal and Ireland.



    Read more: http://www.wmur.com/news/mone...
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  • Swampdog PWCM 2012/06/25 18:08:05
    Swampdog PWCM
    I just keep investing, regardless.
  • Rusty Bubbles 2012/06/24 22:30:48
    Rusty Bubbles
    Garth Turner’s Dodgy Advice
    http://www.canadiancapitalist...
  • The Elitist Libtard SodaJerk 2012/06/24 22:22:12
    The Elitist Libtard SodaJerk
    That was great, I just shared the crap out of that.
  • mal The Eli... 2012/06/24 23:30:21
  • The Eli... mal 2012/06/24 23:32:00
    The Elitist Libtard SodaJerk
    +1
    NP I enjoyed it.

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