{"id":656,"date":"2009-03-10T23:01:10","date_gmt":"2009-03-10T23:01:10","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=656"},"modified":"2009-03-10T23:28:06","modified_gmt":"2009-03-10T23:28:06","slug":"the-markets-up-but-the-news-was-bad-bad-bad","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/the-markets-up-but-the-news-was-bad-bad-bad\/","title":{"rendered":"The markets were up, but the news was bad, bad, bad"},"content":{"rendered":"<p>Simply, &#8230;<\/p>\n<p>Because Citigroup (now owned by the US government) posted a profit<\/p>\n<table border=\"0\" cellspacing=\"5\" cellpadding=\"0\">\n<tbody>\n<tr class=\"col1\">\n<td class=\"alg1\">FTSE 100<\/td>\n<td class=\"col2\">\n<div class=\"moveup\">3715.23<span class=\"acstxt\">up<\/span><\/div>\n<\/td>\n<td class=\"col3 up\">172.83<\/td>\n<td class=\"col4 up\">4.88%<\/td>\n<\/tr>\n<tr class=\"col2\">\n<td class=\"alg1\">Dax<\/td>\n<td class=\"col2\">\n<div class=\"moveup\">3886.98<span class=\"acstxt\">up<\/span><\/div>\n<\/td>\n<td class=\"col3 up\">194.95<\/td>\n<td class=\"col4 up\">5.28%<\/td>\n<\/tr>\n<tr class=\"col1\">\n<td class=\"alg1\">Cac 40<\/td>\n<td class=\"col2\">\n<div class=\"moveup\">2663.68<span class=\"acstxt\">up<\/span><\/div>\n<\/td>\n<td class=\"col3 up\">144.39<\/td>\n<td class=\"col4 up\">5.73%<\/td>\n<\/tr>\n<tr class=\"col2\">\n<td class=\"alg1\">Dow Jones<\/td>\n<td class=\"col2\">\n<div class=\"moveup\">6926.49<span class=\"acstxt\">up<\/span><\/div>\n<\/td>\n<td class=\"col3 up\">379.44<\/td>\n<td class=\"col4 up\">5.80%<\/td>\n<\/tr>\n<tr class=\"col1\">\n<td class=\"alg1\">Nasdaq<\/td>\n<td class=\"col2\">\n<div class=\"moveup\">1358.28<span class=\"acstxt\">up<\/span><\/div>\n<\/td>\n<td class=\"col3 up\">89.64<\/td>\n<td class=\"col4 up\">7.07%<\/td>\n<\/tr>\n<tr class=\"col2\">\n<td class=\"alg1\">BBC Global 30<\/td>\n<td class=\"col2\">\n<div class=\"moveup\">4342.34<span class=\"acstxt\">up<\/span><\/div>\n<\/td>\n<td class=\"col3 up\">182.62<\/td>\n<td class=\"col4 up\">4.40%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>BUT<\/p>\n<p><a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/7934920.stm\">Worst crisis since 1930s says Fed<\/a><\/p>\n<p><a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/7934405.stm\">IMF predicts a global recession<\/a><\/p>\n<p>And here in Ireland &#8230;<\/p>\n<p><a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/europe\/7935040.stm\"> Irish economy &#8216;to contract by 6%&#8217;<\/a><\/p>\n<p>Anyone got any ideas?  <a href=\"http:\/\/astraea.net\/blog\/?p=652\">Not really &#8230;<\/a><\/p>\n<p>.<\/p>\n<p>And, by the way, so far losses in the US stock markets alone; $ 11 trillion!<\/p>\n<p>Stocks have lost $11 trillion in market value since the October 2007 peak, according to <a href=\"http:\/\/www.marketwatch.com\/news\/story\/US-Stocks-Slip-As-Early\/story.aspx?guid=%7B0D4E87B1-0F6C-4829-B1C8-4670122626FD%7D\">Marketwatch<\/a>.  This is based on the Dow Jones Wilshire 5000 index, which includes nearly every U.S.-listed stock. Losses since the start of 2009 are $2.6 trillion. Nearly half of all stocks in the index are now trading at less than $5, and 37% are under $3.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Simply, &#8230; Because Citigroup (now owned by the US government) posted a profit FTSE 100 3715.23up 172.83 4.88% Dax 3886.98up 194.95 5.28% Cac 40 2663.68up 144.39 5.73% Dow Jones 6926.49up 379.44 5.80% Nasdaq 1358.28up 89.64 7.07% BBC Global 30 4342.34up 182.62 4.40% BUT Worst crisis since 1930s says Fed IMF predicts a global recession And &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/the-markets-up-but-the-news-was-bad-bad-bad\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">The markets were up, but the news was bad, bad, bad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,14],"tags":[],"class_list":["post-656","post","type-post","status-publish","format-standard","hentry","category-worldofmoney","category-risk-and-terror"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-aA","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=656"}],"version-history":[{"count":9,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/656\/revisions"}],"predecessor-version":[{"id":658,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/656\/revisions\/658"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}