Market Currents

Hong Kong (-2.3%), Japan (-2.5%), and Australia (-1.5%) fall sharply in Monday trade - we'll...

Sunday, May 6, 2012, 9:58 PM ET
Hong Kong (-2.3%), Japan (-2.5%), and Australia (-1.5%) fall sharply in Monday trade - we'll call about half the decline a catch-up to Friday's big drop in the West, and half a knee-jerk reaction to today's election results in Europe. S&P futures -1.1%. Crude continues to slide, tacking another 2.3% onto Friday's 4% dive. WTI fetches $96.27/barrel, about $10 less than last Tuesday afternoon.

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This news story has 10 comments:

untrusting investor Comments (9879)

Looking ugly for Monday. Where are those buy-the-dippers when the markets need them?

6 May 2012, 10:17 PM Reply Like

laogao Comments (88)

Here's one.
Almost ready to go long oil again.

6 May 2012, 11:11 PM Reply Like

srspa77 Comments (323)

Ben to the rescue soon.

7 May 2012, 02:49 AM Reply Like

ChartProphet Comments (127)

Big drop on Monday could signal confirmed global recession.

6 May 2012, 11:23 PM Reply Like

spald_fr Comments (2466)

Nothing unexpected in the EU political outcomes. Reason prevails and by noon, nothing has changed. No one can reasonably address austerity in Europe.

7 May 2012, 12:01 AM Reply Like

mbrosnan Comments (9)

longs will wait for 1330 on sp this time, see if it holds, still feeling burned by aapl and the like last time around, close below 1340 gets us 1260, mom and pop are gone

6 May 2012, 11:40 PM Reply Like

Texasmike Comments (9)

What's amazing to me is that the French and Greeks actually think something good is going to happen. French millionaires are already packing their bags. Just amazing. DOW -250 tomorrow if we are lucky.

7 May 2012, 12:31 AM Reply Like