[quote author=R-14Driver link=topic=80330.msg831522#msg831522 date=1274395395]
[quote author=Gondofini link=topic=80330.msg831519#msg831519 date=1274394147]
If you are brave enough to buy any stock right now, then YRCW is a good one, because it can't get much lower and can double quickly. Personally I will stay out, looks like the Dow may be headed down to 6500 again.
Stocks dive, Dow off 376 on world economic worries
NEW YORK (AP) -- Stocks took their deepest plunge in more than a year Thursday as fears grew that Europe's debt crisis could spread around the world and undermine the U.S. economic recovery. The possibility has been brewing for weeks, but analysts said some investors are just waking up to it.The Dow Jones industrial average fell 376 points, its biggest point drop since February 2009. All the major indexes were down well over 3 percent and are now showing losses for 2010. Interest rates fell sharply in the Treasury market as investors once again sought the safety of U.S. government debt.The number of people applying for unemployment benefits last week rose unexpectedly and the Greek government's response to its debt crisis sparked new protests in Athens, but analysts said neither event appeared to set off Thursday's selling.
Heard a good one on one of my talks shows yesterday. Said "Greece will be supported by the EU. The EU won't fall-- it will be supported by Germany. Germany won't fall-- it will be supported by the USA. The USA won't fall-- it will be supported by China." Question (I don't think he's right-- I believe our Social Spending will sink us-- very soon)...Who's supporting China? It's all imaginary money. No one has this kind of real wealth.....
The USA and YRC are in pretty much identical situations-- both overreached, promised way too much, following charismatic leaders, working with imaginary money. Both are overloaded with debt, and both will eventually run out of other people's money......