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May 20, 2010Jinko Solar Down more than 20% since listing ; I told you so
May 20, 2010A Chronology of the Greek Contagion
1) Markets get spooked by the Greek crisis ; IMF/EU Bailout deemed insufficient
2) European markets and risky assets take a might fall
3) Dow crashes 1000 points in 15 minutes
5) Massive short covering rally leads to some people thinking that the Dow Flash Crash was a blip .
Merkel almost declared defeat against the Euro speculators;Thinks that the Euro is at Risk
Wall Street Craters Again as European Fears show no signs of resolution
Wall Street slumps on euro zone fears – Yahoo
Stocks dropped on Thursday, with all major indexes sliding more than 3 percent on growing fears that the euro zone’s handling of its sovereign debt crisis could jeopardize the global economic recovery.
The S&P 500 is now down more than 10 percent from its April.high, signifying a correction. The index is also below its 200-day moving average.”Europe is causing a correction that calls the whole recovery into question,” said Andy Fitzpatrick, director of investments at Hinsdale Associates in Hinsdale, Illinois. “It’s not outside the realm of possibility that we could drop another 5 percent from here.”Germany’s unilateral decision on Tuesday to ban naked short-selling has triggered worries about additional regulation and hurt the euro, which was down 0.5 percent versus the dollar
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