US stocks fall as elsewhere rises

US stocks fall as elsewhere rises

news.bbc.co.uk

US stocks have fallen in afternoon trade - reversing earlier gains, amid ongoing fears over market volatility.

The Dow Jones industrial average dropped 0.65%, to 12,993.81.

But European shares closed higher, led by mining and metals companies. France's Cac-40 closed 0.67% up and London's FTSE 100 rose 0.24%.

A surprise move by the US to cut a key bank lending rate on Friday had buoyed markets worldwide, but concerns over credit problems persisted in the US.

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[edit on 21-8-2007 by UM_Gazz]

"We are the heros of a dying nation, Oh help us world! We helped you!"

...

news.bbc.co.uk
(visit the link for the full news article)

[edit on 20-8-2007 by Renshin]

Its all happening by design of course. It is the slow motion train wreck effect, Webster Tarpley talks about.

Some think that the next market's victim will be auto sales, and occurs if you can not pay for your mortgage how can you afford that big expensive auto.

We all know that American auto industry is in trouble already.

But seems that China is cashing out on the US and EU markets woes.

Looks like the market is being primed for the next run. Hank couldn't say enough about the strength of our growing economy this morning. He forgot to mention that what little growth we show (comparatively) is based on the expansion of credit...not the production of goods.

Sidebar: As of the 15th, if you have $100 million in assets you can rise above the Wall St. riff-raff and trade on the exclusive Nasdaq Portal Market. Kind of a Pink Sheets for private companies and rich guys. Amazing timing.

Originally posted by OBE1
Kind of a Pink Sheets for private companies and rich guys. Amazing timing.

I love when the super investors goes on the cameras telling how good the markets has been and how much wealth it has created.

Then you see the analyst that ask them where the wealth is because obviously the regular Americans are losing their homes so the wealth is only limited to those that make billions out of the debt of others.

I love when the super investors just can not said a thing without gaging on their on words.

Occurs they have created a lot of wealth, they will survived the markets crash while the smaller firms are to be the victims.

But then again this is capitalism and occurs is a war of the fittest or may I said the riches.

Then the fix rates has been raised, that makes the people facing foreclosure and with their credit already tarnished impossible to refinance and get away from the variable rates they are stuck in.

About 2 million people to lose their homes and who cares, right.

[edit on 21-8-2007 by marg6043]