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getrichdietrying (82.73)

When was the last time the DOW lost over 200point? Can EU save their UNION?

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April 28, 2010 – Comments (4) | RELATED TICKERS: GS , PPMIQ.DL , BANR

I am a little bit weary about investing long term in other stocks till the EU comes back with safety net for Greece, Spain, & Portugal wow...keep adding Iceland, Ireland, any one else?  Can anyone tell me which way they think the market is going for the next couple of months or weeks? Thanks in advance.

4 Comments – Post Your Own

#1) On April 28, 2010 at 9:30 PM, ChrisGraley (29.88) wrote:

The rest of the week is probably down, but the rest depends on Germany.

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#2) On April 28, 2010 at 9:57 PM, catoismymotor (< 20) wrote:

Germany is making noises that say to me they will pony up their portion of the EU40 billion thus delaying the inevitable collapse. They have until May 19, if I am right, to stroke a check. Germany is reluctant to pay out, wants assurance the money will not go down a hole, followed by more money later.

With 20% of our exports going to the EU we will have fewer consumers of our goods if Greece tanks. Should Spain and Ireland collapse as well the problem will be compounded. With that decrease in cash flow our market will be effected.

We are likely headed for a new dip. I say amass some cash and wait to buy like it's April 2009 when the opportunity presents itself.

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#3) On April 28, 2010 at 11:17 PM, getrichdietrying (82.73) wrote:

I am leaning that way, however, could we not make money by taking short positions? Which stocks though the best ones I can think of are GS, PMI, and BANR, but what others?

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#4) On April 29, 2010 at 8:23 AM, catoismymotor (< 20) wrote:

I don't do shorts. Someone else will need to answer that question.

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