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Stocks Plunge on Iran's Oil Threat, Bernanke Comments
Monday, June 05, 2006
NEW YORK — A one-two punch of higher oil prices and inflation comments from Federal Reserve Chairman Ben Bernanke sent stocks skidding on Monday. The Dow dropped nearly 200 points, while the Nasdaq slid more than 2 percent.
Wall Street started the day lower after Iran warned it would curtail distribution if Western nations punish or attack the country over its nuclear arms program, unnerving a market already concerned that severe hurricane activity could devastate Gulf Coast refineries again this summer. A barrel of light crude gained 62 cents to $72.60 on the New York Mercantile Exchange.
Originally posted by Shane
Well, remembering normal closing on such dates precedeing 9/11 and 7/7/7, we may have noted an indicator this evening.
Sure, it's explained away, but do not the Elitist of this globe represent some 2% of the Population?
www.foxnews.com...
Stocks Plunge on Iran's Oil Threat, Bernanke Comments
Monday, June 05, 2006
NEW YORK — A one-two punch of higher oil prices and inflation comments from Federal Reserve Chairman Ben Bernanke sent stocks skidding on Monday. The Dow dropped nearly 200 points, while the Nasdaq slid more than 2 percent.
Wall Street started the day lower after Iran warned it would curtail distribution if Western nations punish or attack the country over its nuclear arms program, unnerving a market already concerned that severe hurricane activity could devastate Gulf Coast refineries again this summer. A barrel of light crude gained 62 cents to $72.60 on the New York Mercantile Exchange.
Just wondering out loud, while the Puck is being dropped in Raliegh. May the best team win.
Ciao
Shane
Originally posted by l0rds0fcha0s
hmm I am not sure what you are saying here. explain yourself a little better please.