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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: ChinuSFO who wrote (73805)5/6/2010 10:53:34 PM
From: koan  Respond to of 149317
 
I think everyone is struggling to make sense out of this brave new world.



To: ChinuSFO who wrote (73805)5/6/2010 11:33:44 PM
From: tejek  Respond to of 149317
 
At least that's what happened Wednesday to five sophomore boys at Live Oak High School in Santa Clara, Calif. School administrators deemed their conspicuous American flag apparel "incendiary" and likely to provoke fights on a day when many other students were permitted to don the red, white and green designs of the Mexican flag in celebration of that country's heritage.

That's BS. A little known fact.....many teachers and principals are afraid of the kids.



To: ChinuSFO who wrote (73805)5/6/2010 11:38:40 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
Spain Mounts 'Reassuring' Debt Auction

online.wsj.com



To: ChinuSFO who wrote (73805)5/6/2010 11:52:22 PM
From: tejek  Respond to of 149317
 
Don't Blame Greece; Market Was 'Ripe for a Fall'

If Greek worries were the cause, gold wouldn't be soaring

By MarketWatch

ANNANDALE, Va. (MarketWatch) -- It has been evident for some time that there was too much bullishness among investment advisers and that the market therefore was vulnerable to a sharp decline.

But Thursday's dramatic market action provided further evidence of this big role that sentiment is playing -- this time from an unlikely corner: gold.

How else to explain why gold is skyrocketing on a day that the stock market is plunging?

After all, if concerns about Greece were the real reason the stock market was falling, then gold would be falling too.

This is exactly what happened on numerous other occasions over the past six months when concerns about Greece's solvency and associated worries about deflation rose to the forefront of investors' consciousness. Read First Take from May 4 for further commentary about sentiment.

But, far from falling, gold rose by some $30 an ounce Thursday, even while the stock market was plunging. Making gold's rise even more amazing is that it came in the face of a strong dollar, which normally would be expected to reduce gold's dollar-denominated price.

Gold's behavior therefore strengthens the theory that this market was simply ripe for a fall. If it hadn't been worries about Greek solvency playing the part of the straw that broke the camel's back, it would have been something else.

A market that wants to fall will find a reason.

What remains to be seen is whether Thursday's intraday low will be a low of more than just very-short-term significance. That will depend on whether the huge plunge will convince enough otherwise bullish advisers to throw in the towel and go to cash.

-- Mark Hulbert

marketwatch.com