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DOW futures plunge 400 points

SassyIrishLass

Diamond Member
Mar 31, 2009
95,879
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Where are all the leftists that were screaming Obama's economy is doing great because the DOW is at record levels? All sorts of data is spelling doom and gloom

Dow futures plunge 400 points after data

U.S. stock index futures indicated a sharply lower open on Friday after disappointing U.S. data and the Chinese stock market and crude prices plunged.

Dow futures fell more than 400 points after retail sales declined 0.1 percent in December. Ex-autos, retail sales also fell 0.1 percent. The Producer Price Index fell 0.2 percent in December after rising 0.3 percent in November.
January Empire manufacturing was minus 19.4.


Dow futures plunge 400 points after data; 10-year yield below 2%
 
Global slowdown, deflation pressures kicking up.

Buying opportunities forming in some areas.
.

Manufacturing data is telling
It's a recession in manufacturing right now. For better or worse, though, we're more of a service economy now, so that's not dragging everything down.

It's gonna be an interesting six to 12 months.
.
 

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