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Growth worries weigh on oil, stocks; dollar up
NEW YORK (Reuters) - Oil prices plunged nearly $2 per barrel and global stocks retreated from recent highs on Thursday as a manufacturing contraction in China and in the two largest economies of the euro zone fueled worries about global growth. U.S. Treasuries prices and the dollar rose as risk aversion increased, although fresh evidence that the U.S. labor market continues to strengthen tempered investors' bid for safety. China, the world's second-biggest economy and a key driver of growth, said its manufacturing sector shrank for a fifth straight month in March. A senior government economist said the economy is ... (full story)
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- Comment #1
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- Mar 22, 2012 4:46pm Mar 22, 2012 4:46pm
- Phoenix Mgmt
- | Joined Mar 2012 | Status: Member | 323 Comments
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- Mar 22, 2012 5:02pm Mar 22, 2012 5:02pm
- Slim Buffett
- | Additional Username | Joined Mar 2012 | 182 Comments
When the Joker is in the deck.. fear not and play it well
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- Mar 22, 2012 6:38pm Mar 22, 2012 6:38pm
- ForExtraPips
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 252 Comments
Time turns trend. - W.D. Gann
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- Mar 22, 2012 6:39pm Mar 22, 2012 6:39pm
- deanbo
- | Joined Aug 2009 | Status: Member | 116 Comments
Pity the fool who thinks they'll make it overnight...