Posted by Casey in Ky on March 10, 2011 at 12:22:40 from (139.76.64.66):
Saudi unrest report knocks stocks lower
News that Saudi police fired on protests sends the Dow more than 200 points. Stocks fell to new lows this afternoon on an Associated Press report that police in Saudi Arabia had fired on protesters Qatif, a city on the east coast near Bahrain. There were reports of some injuries.
Within seconds of the report, the Dow Jones Industrial Average ($INDU) saw a decline of some 160 points grow to as many as 239 points before stabilizing.
Crude oil in New York, which had dropped below $102, rallied back to $103.38 a barrel. That's still down $1 on the day.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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