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European Stocks Slump To 2-Month Lows (Biggest 2-Week Drop In 6 Months)
Quietly, while no one was watching, European stocks have been pummeled lower in the last 2 weeks. Since the start of December, Spanish and Italian stock markets are down 6% and the broad-based Bloomberg 500 Index is down 4.75% - its biggest such drop in 6 months - to 2-month lows. With the EUR testing multi-year highs against the USD, and the earnings picture fading dismalling into the dark, it seems all those "believers" in a European recovery (on the basis of some "soft" surveys) have been proved wrong (or early?).
European stocks are at 2-month lows...
As Earnings hope collapses....
Led by Spain and Italy...
as stocks catch down to macro reality?
Intrestingly, European stocks caught up to the region's improve dmarket-based credit risk perception... but has disconnected lower in recent weeks (as bonds remains under the control of the ECB...)
Charts: @Not_Jim_Cramer and Bloomberg
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Europe.................always at the front of the Que............even when they do not know what thier queing for.
Especially those pesky ....................Germans!
Pushing and shoving to get....................to the front
BTW.. Did any of you cheerleader mooks notice the fact that
THE UPWARD TREND LINE FROM THE JUNE LOWS ALONG WITH THE HORIZONTAL SUPPORT OF THE MAY PEAK HAS BEEN BROKEN!!??
Keep drinking the Kool Aid !!
How in the hell to bust out nations like Spain, Italy and Grease even have stock markets. If you told me 50 years ago (with today's metrics) that Spain, Italy and Grease have stock markets I would ask what do they trade, rotten fish head indexs?
.... or Greece. But to be honest, I like your spelling of it better.
Sometimes you just have to revert to the classics to make your point ....
http://www.youtube.com/watch?v=Pn0WdJx-Wkw
Tyler, why no article on this?
Traders Losing $1 Million Build EU Case for Bitcoin Regulation (Bloomberg)
Trading Bitcoins could bleed you dry, the European Union’s top banking regulator said as it weighs whether to regulate virtual currencies. Thefts from digital wallets have exceeded $1 million in some cases and traders aren’t protected against losses if their virtual exchange collapses, the European Banking Authority said in a report warning consumers about the risks of cybermoney.
jp but on the last chart BEU500 vs gdp weighted eu risk that same pattern hapen in september. so what to do...
Pummeled is a sore arsehole! 6% on italian when it is 50% overpriced is fuck all. please refrain from such BS grabbing headlines. is your bar set this fucking low?
They are all taking money out of those foolish speculative plays and parking it in those stable bellwethers like Twitter and Facebook.
Anyone seen Hugh Hendry?
"Europe" does not have an economy. It is a continent for heaven's sake.
Italy, sort of, has an economy - as does/did Spain.
Germany builds cool stuff that folks want. Good for them. But they are broke the second the transferunion takes hold. Stupid and pathetic Germans...
Greece...has islands for sale!?
Ireland has emmigrants!?
France has... alot of gold...some balls at heart...but a EU COLLABO for a President.
Thank God for NATO, or we'd all be screwed...