Market Review and Trends
A small Spanish Bank CajarSur sinks the Dow at the close…….its more than 150 years old…..but tiny…
By Kevin Scully-Financial Blog  •  May 25, 2010
I thought the Dow would close flat last night - so was suprised to see it shed about 127 points at the close pusing the Dow to 10066.6.  The intra-day chart below shows that the bulk of selling came toward the end of trade. The reason for the late sell off was apparently CajarSur - a small Spanish bank owned by the Catholic Church with a history of more than 150 years. Read more...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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