DJIA Ends Down 24.97 After a deeper Dive

The Dow industrials ended down 24.97 points or .2% at 11178.58 after falling by as many as 149 points, with bank shares being shares being pressured by worries over Ireland. Stocks pull out from morning plunge as tech stock gain, but worries about Ireland, Banks linger. This will turn around just like everything else.

Hedge Funds Raided in probe

An insider-trading investigation shifted into high gear as government agents raided the offices of three large hedge funds. Federal Beurau of Investigations seized documents in three cities as Inside-Trading Investigation widens.The raids helped push the Dow Jones industrial average down about 150 points before a rally left it down 24.97. Financial were hit, with Goldman Sachs Group Inc. down 3.4%.

Rules Eased for Some Health Plans

The Administration offices for Obama have loosened the rules for empty health-insurance policies in the wake of complaints from employers. The action marked one of the administration biggest steps to peel back regulations that big business found onerous under health-care overhaul. Their are close to 1.4 million Americans are covered under mini to medium plans. Beginning in 2011 insurance companies must spend at lease 80% of premium dollars on medical care and quality improvement activities. This figure, know as the medical loss ratio, is 85% for insurers in the large - group market./

Currency Trading

Investors Dump Euro for Dollar! The euro plummeted against its rivals like the yen and American dollar. Both the Yen and dollar rose strongly, the dollar held onto its gains following the release of minutes from the Federal Reserve policy making committee. The Euro was trading at its lowest levels in two months at $1.3370, down sharply from $1.3624 late Monday. The dollar was at 83.17 yen, while the Euro was at 119.19 yen. The pound fell to $1.5782 from $1.5961. The dollar was at .9972 swiss franc from .9901 franc. Investors abandoned the Korean won, pushing the dollar up about 3.5% against the won according to ING Capital Marketers data.

Fears of Domino Effect Pervade Europe

Contagion fears re-emerged in Europe as investors turned from Ireland's debt crisis to dump Spanish and Portuguese bonds. The euro slid below $1.34 for the first time in two months. In the U.S., unease about Europe and the events that Korea combined to push the Dow industrials down 142.21 points. Treasury prices jumped. Spain mounted a campaign to tout its deficit-cutting measures and defend the stability of its banks. From the looks of it they are all screwed I do not know how they can pull an one-eighty in time before Europe goes bankrupt.

sign of war proves false

A Taliban imposter deflated hope of Afghan war progress. Many Western officials are are voicing doubts about the peace process after news that their partner in talks was impersonating an insurgent leader. A new pentagon report says that the insurgency's reach is growing and that the Taliban dominate more territory. A senior NATO officer said the revelation about the talks would not change the countensurgency strategy. This is good news it basically says that the sign's of war is starting to crumble apart.

Netanyahu backed the U.S. settlement-Freeze proposal

The Israeli prime minister said he will ask his cabinet to support a 90 day curb on west benk building in exchange for 20 additional U.S. fighter planes. Palestinian officials said they would withhold any decisions on resuming peace talks, which collapsed in september, until they saw the terms of the deal. (An israeli intellegent official warned that without peace peace progress, the palestinian security system could come apart)