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Guest Post: European Stock Markets In Crash mode
Submitted by SmartMoney.eu
European Stock Markets in Crash mode
Following the massacre amongst Japanese equities, the European stock markets are getting pummeled!
The most important European indices are losing substantial ground, from -3% (CAC 40) up to -4% (DAX).
In the meantime, the radio-active levels in the surroundings of Tokyo
are on a rise, with radiation levels at nine times the normal level in Kanagawa.
To be continued
»
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Could not have happened to a nicer bunch of assholes.
Comment: win. HAHAHA
stock markets are soooooo out of my radar, not relevant at all. FED & TD will probably throw some weak lifelines from time to time to 401keys just to surpress massive anger but I do not see to much monex available for that . Even in US. Not to mention others
They better hurry b4 the Teleprompter in Chief seizes them.
Bastard AUD is finally rolling over. Amazing how much time it took for traders to realize...
Not only the AUD that is crashing. Australian house prices are also crashing:
http://www.theaustralian.com.au/news/executive-lifestyle/no-shore-thing/...
For what it's worth, CDS pretty tame so far. SOVX unch. IG and Main and Fins are all about 3-4 bps wider. HY down 1/2 pt. Sov bonds spreads in Europe just a touch wider (yields except for Greece are actually better).
As far as I can tell, still no details about the latest revised bailout. Though maybe a move of down almost 10% in a week on DAX and dropping consumer confidence will make it harder for Merkel and them to continue to kick the can down the road (I bet you that phrase sounds much cooler in German).
many dips to buy......
Lets call it a sharp sell off. Crash is maybe 10% +. Lets see if Ben can close the US markets green :)
That should be no problemo.
Depends on if you believe the theory of "Peak Ink" or "Abiotic Ink".
What a bunch of losers. Ben is already in the process of fixing our markets. I expect a break-even close, then off to the moon for QE3!!
Winning!
The European markets are now off their lows for today. I should work for CNBC.
Methinks we can change the title to PM markets in crash mode. Silver is nuked and has lost more than 1 dollar. :(
You call -4 % a crash? Clueless comment, ladies and gentlemen. Obviously several commentators here are not older than 23 years when in 1987 the equity markets "crashed" - 25 %. Learn!
At that time, we didn't have PPT but we have it now.
AUD and Australian house market is also in crash mode.
http://www.theaustralian.com.au/news/executive-lifestyle/no-shore-thing/...
One must wonder if this Japan event can cause lead to a crisis for the USD that Russell has talked about leading to a significant jump in gold prices?
http://goldandsilverlinings.com/?p=239
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