{"id":569221,"date":"2010-05-18T16:00:00","date_gmt":"2010-05-18T20:00:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/closing-bell-may-18-2010-5"},"modified":"2010-05-18T16:00:00","modified_gmt":"2010-05-18T20:00:00","slug":"stocks-hammered-after-germanys-giant-blunder-heres-what-you-need-to-know-bp-gs-gld-wmt-spy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/569221","title":{"rendered":"Stocks HAMMERED After Germany&#8217;s Giant Blunder: Here&#8217;s What You Need To Know (BP, GS, GLD, WMT, SPY)"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b4aa54a000000000048fb2d-311-233\/ski-crash.jpg\" border=\"0\" alt=\"Ski Crash\" width=\"311\" height=\"233\" \/><\/p>\n<p>Stocks were wobbly all morning, but the situation in the eurozone went from uneasy confidence to nervousness in the blink of an eye after the German government idiotically announced a temporary emergency naked short-selling ban. It applies to certain bank stocks, and the new regulations will also go after bond and currency speculators. Naturally,t he move is being re as a gigantic no-confidence move.<\/p>\n<p>But first, the scoreboard:<\/p>\n<p>Dow: -115<br \/>S&amp;P 500: -16<br \/>NASDAQ: -37<\/p>\n<p>And now for some key stories:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/merkel-shortselling-2010-5\">Story #1 is Germany&#8217;s short-selling regulations<\/a>. The ramifications of this move will certainly be felt overnight, and possibly for some time to come.<\/li>\n<\/ul>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/jp-morgan-take-profit-euro-short-2010-5\">The euro has fallen to a new four-year low<\/a>, following the German news. It is now below $1.23.<\/li>\n<\/ul>\n<ul>\n<li>Goldman Sachs continues to get hammered, and the stock is now down to close to book value. Other financials were hit hard as well.<\/li>\n<\/ul>\n<ul>\n<li>The <a href=\"http:\/\/www.businessinsider.com\/theres-just-one-patch-of-green-in-this-market-2010-5\">one big winner<\/a> today: Wal-Mart. The firm&#8217;s decent earnings helped carry the stock into the green all day.<\/li>\n<\/ul>\n<ul>\n<li>Commodities sold off across the board. Oil is below $70 again. Copper did manage to rally back a bit. Gold slipped.<\/li>\n<\/ul>\n<ul>\n<li>The BP <a href=\"http:\/\/www.businessinsider.com\/deepwater-oil-loop-current-2010-5\">oil slick<\/a> is taking an ominous turn for the worse, with the emergence of a large &#8220;tail&#8221; extending to Florida.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.businessinsider.com\/closing-bell-may-18-2010-5#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/xzkQbLLyeQ4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks were wobbly all morning, but the situation in the eurozone went from uneasy confidence to nervousness in the blink of an eye after the German government idiotically announced a temporary emergency naked short-selling ban. It applies to certain bank stocks, and the new regulations will also go after bond and currency speculators. Naturally,t he [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-569221","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/569221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=569221"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/569221\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=569221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=569221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=569221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}