Market Currents

Market recap: Stocks were cut in half from their best levels but still finished with solid gains...

Monday, December 5, 2011, 4:10 PM ET
Market recap: Stocks were cut in half from their best levels but still finished with solid gains after a report that S&P was placing all 17 eurozone nations on downgrade watch. The euro turned lower on the news; Treasurys rose, with 10-year yields dropping to 2.04%. Earlier optimism over European progress had sparked a rally led by financials. NYSE gainers led losers better than two to one.

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This news story has 5 comments:

TruffelPig Comments (3234)

Someone please downgrade S&P - comedians at best......

Some of the Eurozone Nations are very stable.

5 Dec 2011, 06:07 PM Reply Like

David R.(Canada) Comments (80)

You are trying to be funny, right?

5 Dec 2011, 07:03 PM Reply Like

TruffelPig Comments (3234)

No, not really.

5 Dec 2011, 07:46 PM Reply Like

Gary Jakacky Comments (1832)

Europe is politically, morally, financially and militarily bankrupt. A tinpot dictator in the Balkans drove them crazy in the 1990s. Russian natural gas has the region beholden to Tootin' Falootin Vladimir Putin. Muslim no-go enclaves in Paris and London leave law enforcement in tatters, while dooby W'allah cartoons bring assassinations and death threats.

You wanna lend money to that? I'll take the greenback anyday. God Bless Amerika.

5 Dec 2011, 08:05 PM Reply Like

marketman54 Comments (823)

You got that right cycling! They be broke, but so is Japan and the U.S. - our printing presses just haven't run out of paper yet!

Ahhhhh, DEBT will do us all in! Run up your credit cards for Xmas and then run away! Everyone else around the world is!!

Ho ho ho, we gonna take it this season, OUCH!

5 Dec 2011, 09:10 PM Reply Like

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