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Late Day Losses Continue

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

This morning's trading session was greated with mixed messages as housing starts were up and housing permits were down.  Looking for any way to move ahead, stocks began the day slightly higher.  But throughouot the day stocks waned and the pattern of late days selloffs that we have seen for several sessions continued.  Germany's Angela Merkel stated today that she would like to keep Greece in the Eurozone and that temporarily placated traders on that front.  The Dow closed down 33 points.

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Jeff, sounds like a typical day on Wall Street.   Thanks for sharing with us in ActiveRain Land.

May 16, 2012 06:51 AM
F U
nobody - Alamance, NT
Dead

Are we out of the woods? I think not, if you take a handful of well known stocks and check the charts they all have fallen dramatically the last few months. Scary times are still ahead. Thanks for the post.

May 16, 2012 07:05 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

What a ride on wall street third straight day the Dow was down; hopefully, things will turn around soon. Thanks for the update.

May 16, 2012 07:22 AM