DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand?

Or, you said Eastern Europe? Wouldn't the countries the IMF helped already be OK or oould they still fail?

My thread from yesterday had an article in it that touched upon this subject. Let me see if I can find it.


Here you go Diet:

Thread: European Doom Imminent!

The sums needed are beyond the limits of the IMF, which has already bailed out Hungary, Ukraine, Latvia, Belarus, Iceland, and Pakistan – and Turkey next – and is fast exhausting its own $200bn (€155bn) reserve. We are nearing the point where the IMF may have to print money for the world, using arcane powers to issue Special Drawing Rights.
Its $16bn rescue of Ukraine has unravelled. The country – facing a 12pc contraction in GDP after the collapse of steel prices – is hurtling towards default, leaving Unicredit, Raffeisen and ING in the lurch. Pakistan wants another $7.6bn. Latvia's central bank governor has declared his economy "clinically dead" after it shrank 10.5pc in the fourth quarter. Protesters have smashed the treasury and stormed parliament.

and so what is being stated? will the DOW drop today in spite of the stimulus bill?

that does not make sense.



The Dow never makes sense. Everytime they come out with a new package it dives when they announce job loses it goes up. So I figure they don't know what to do really

Some people with lots of money surely knows this stimulus is a joke.

Any idea what the fall country will be, Diet?

Ireland?


My guess and it is purely a guess at this point is the Ukraine would topple first.

gold crosses 965...up huge on the polish and eastern europe news

death knell

Any idea what the fall country will be, Diet?

Ireland?


My guess and it is purely a guess at this point is the Ukraine would topple first.


[link to www.indexq.org]

/

gold 967 :o

gold 970 and rising

One of these threads should be pinned.

Obama signs his bill at 1 pm.

[link to www.bloomberg.com]

Honestly I pray that I am wrong about this but I have very good reason to believe this is all about to come to an unfavorable ending.

I'm sure the talk of the "Stimulus Plan" from the white house will rally the markets. Then when the markets start tanking, obama will release some news about some other program he is about to release.