U.S. stocks fall sharply in sympathy ...

U.S. stocks fall sharply in sympathy with Europe

There are 1 comment on the MarketWatch story from May 4, 2010, titled U.S. stocks fall sharply in sympathy with Europe. In it, MarketWatch reports that:

U.S. stock futures dropped sharply Tuesday as renewed worries over European national debts overrode another round of positive quarterly reports from companies including drug giants Pfizer Inc.

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Vernon Rockville, CT

#1 May 5, 2010
Of course Europe is going down the tank. They have burdened themselves with high taxes and runaway social service programs along with making it nearly impossible for companies to lay people off.

Communism failed in the old Soviet Union and now Socialism will fail in Europe.

Governments and the voters need to realize that if you take away people's need to work they won't work. Just like they say in the national parks, don't feed the animals because they will get lazy and not hunt any more, so too it is with people. Most people have a price at which they will say screw working, welfare is good. The more profitable you make welfare, the more people will come to that conclusion.

Some people's prices are just higher than others. As soon as welfare, food stamps, housing allowances,etc hit the $100,000 per year mark in value, I'm there. I'll let the rest of you fools support me.

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