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Market recap: Little Cyprus was big news on Wall Street, as investors weighed whether the...

Market recap: Little Cyprus was big news on Wall Street, as investors weighed whether the country's plan to impose a tax on bank deposits to finance a eurozone bailout would lead to broader European problems. Most key sectors closed negative, led by financials and energy. The euro plunged to a three-month low vs. the dollar; gold closed above $1,600 for the first time this month.
Comments (11)
  • TFCAB
    , contributor
    Comments (1942) | Send Message
     
    oh brother......a new streak....2 down days in a row
    18 Mar 2013, 04:37 PM Reply Like
  • Left Banker
    , contributor
    Comments (1831) | Send Message
     
    "the sky is falling. The sky is falling."
    18 Mar 2013, 11:02 PM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    CNBC will probably run a special on "markets in turmoil" or is the Bull Market over? Thanks Bernanke and the FED for the rally today. PPT in the old days...now OZ
    18 Mar 2013, 04:55 PM Reply Like
  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    2 days must be the beginning of a LT Trend, sell, run, hide
    18 Mar 2013, 06:12 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4009) | Send Message
     
    "What goes down must go up."
    Ben S. Bernanke
    18 Mar 2013, 07:27 PM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    What is all this Cyprus stuff about, no one cared at all when Democrats considered plans to absorb 401k's, you know to help the children from greedy parents that didn't know how to manage money.
    18 Mar 2013, 07:30 PM Reply Like
  • DirkH
    , contributor
    Comments (61) | Send Message
     
    Just because you received and passed on a phony email made up by nutjob conservatives does not mean the Democrats, at any time, considered taking over 401Ks. It simply did not happen. Unfortunately you, like almost every conservative crazy will view my statement of fact as simple proof I don't "really know what's going on in this county. This craziness is religion and holy writ to some people. You simply know you have the truth, without any proof, and any proof to the contrary must be false.
    19 Mar 2013, 12:32 AM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Leftbanker, Yep, after the uproar, everyone started changing their tune. But the fact is that Teresa Ghilarducci, director of economic policy analysis at the New School for Social Research does in fact advocate the government deciding that they can better manage IRAs and did suggest it to MIller Committee in October 2008.

     

    The other fact is that IRA's amount to about $20 trillion that the government cannot get it's hands on yet. Make no mistake about it, Obama would take all of it in a heartbeat if he thought he would get away with it.

     

    What stopped it was the outrage, not ideology. See you have to read between the lines. Just like Obama care was touted as voluntary, we all now know it will not be.

     

    If you think it can't happen here, you are sadly wrong. For example, did you know there is now a 3.8% federal tax on selling your home thanks to Obamacare's no tax on the middle class.
    19 Mar 2013, 05:19 PM Reply Like
  • blackswans
    , contributor
    Comments (155) | Send Message
     
    Two days doth not a trend make.
    18 Mar 2013, 09:30 PM Reply Like
  • Don W Right
    , contributor
    Comments (25) | Send Message
     
    Market has absorbed the Cyprus blow.
    19 Mar 2013, 04:55 AM Reply Like
  • june1234
    , contributor
    Comments (2497) | Send Message
     
    Markets should be all over the place this week till Ben announces he's buying Cyprus.
    19 Mar 2013, 08:38 AM Reply Like
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