Midday movers: GM, Knight Capital, Green Mountain
Stocks slide following the European Central Bank president's press conference.
"Draghi Doesn't Back Up The Talk"
"The president of the European Central Bank doesn't deliver on his promises to keep the euro ‘irreversible'
Did anyone really believe that Draghi was going to do what he promised? But of course when he announced his "pledge" the market "soared" over 200 points but now he isn't going to go thru with his promise....shouldn't the market go down by the same amount? This is the major issue I have with this manipulated false market. It goes way up on any shred of positive news but hardly goes down at all on major negative news like a horrible housing report, bad jobs report, company layoffs, inflation etc. All of which points to a manipulated market.
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
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