Posted by Casey in Ky on March 10, 2011 at 12:22:40 from (139.76.64.66):
Saudi unrest report knocks stocks lower
News that Saudi police fired on protests sends the Dow more than 200 points. Stocks fell to new lows this afternoon on an Associated Press report that police in Saudi Arabia had fired on protesters Qatif, a city on the east coast near Bahrain. There were reports of some injuries.
Within seconds of the report, the Dow Jones Industrial Average ($INDU) saw a decline of some 160 points grow to as many as 239 points before stabilizing.
Crude oil in New York, which had dropped below $102, rallied back to $103.38 a barrel. That's still down $1 on the day.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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