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9/19/11

Wall Street sinking by a potential default Greece?

NEW YORK. Stock markets United States (U.S.) immediatelyslumped in early trading Monday (19 / 9). Dow Jones Industrial Average (DJIA) fell by 202.45 points, or 1.76% to 11306.64. U.S. technology bourse fell 47.20 points, or 1.8% to 2575.11 and the S& P 500 minus 22.89 points, or 1.88% to 1193.12.


Wall Street was unable to fend off fears of the Greek crisis. "The market saw a fairly high likelihood associated default Greek," saidFrederic Dickson, chief market strategist at DA Davidson & Co.The market is also expected to be devoid of significant pendingtransactions because of the Bank of America is the FederalReserve. "Many are very hopeful at the Fed," said Dickson.

Greece ability to avoid default judgments depend on the ability of financial institutions Prime Minister George Papandreou to meet the requirements of the Greek rescue package.

Today at 07:00 Athens time, the European Union and the International Monetary Fund to communicate with Greek Finance Minister Evangelos Venizelos to discuss the rescue package.
sources; http://investasi.kontan.co.id
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