http://money.cnn.com/2011/10/04/markets/premarkets/index.htm?iid=Popular

Stocks: 'Can't escape that fear factor' By CNNMoney staff October 4, 2011:  DOW 110pt by 1.1% 

Oil

75.80

-1.81

-2.33%

Deutsche Bank issued a profit warning on Tuesday, saying that it could no longer reach its full-year target amid market turbulence caused by the deepening debt crisis  … More  »Deutsche Bank issues profit warning

while is U.S. stock futures are falling sharply ahead of Federal Reserve Chairman Ben Bernanke's testimony b4 Congress on the outlook for the U.S. economy.

Stocks fell broadly Monday after Greece said it will not be able to make budget cuts it agreed to as part of a deal to receive emergency loans, raising new concerns about Europe's financial system. Monday's declines pushed the benchmark S& P 500 index to the edge of a bear market — a 20% decline from its recent high.

teeth53 thot: look like a 20% hair cut is the norm  for this  remaining wk. (Sept 5-Wed, 6-Thurs and 7-Fri) :((, as Greece is about to extend their problem into mth of Nov, 2011.

 

THIS IS A BREAKING NEWS UPDATE (AP)

Greece's int'l debt inspectors had originally been expected to recommend last mth that the country receive euro8 bil ($11 bil) tranche of a euro110 billion bailout package. But the inspectors' review of Greek reforms was suspended for several weeks amid talk of missed targets.

Greece can wait until mid-Nov for bailout loans, previously said it would start running out of money in mid-October if it didn't get the bailout loans.

teeth53:  Isit Greece's problem going to extend this debt into mth of Nov?.

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