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European Stocks Collapse As German Bund Yields Hit 10-Month Lows
Overnight weakness in Asia spilled into Europe and the bloodbath is continuing - especially in the peripheral markets which have until now been invincible in the face of deteriorating fundamentals. Just like US hyper-growth hope, Portugal, Spain, and Italy stock markets have soared this year - among the world's best performers - but are getting monkey-hammered in the last 2 days (down over 5%). Despite more chatter of ECB QE, peripheral bond spreads are also jumping higher (+7bps) as German Bund yields are slumping back below 1.5% - the lowest in 10 months. US futures are ugly too.
European exuberance is fading fast...
and even the unstoppable idiocy of peripheral bond spreads are being bashed wider...
Bunds are ripping loweer in yield...
US Stock futures are not happy either extending yesterday's losses (as Nasdaq hits it 150DMA)
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Has there ever been a Black Friday ???
It's only just begun.....let's see if they can pull a rabbit out of their hat.
They'll settle for keeping silver under $20.
Black Friday?
FTSE is down 1%
DAX is down 1.7%
CAC is down 1.2%
Italy down 1.2%
I liked summer '11 better... where stocks went down and yields went UP
Black Weekend or Black Widow like in ... Chewbaka
Appears down from here. Big boys pulling out of equity and moving into bonds. QE is done by Oct (Chinese) and end of year (By FED Advisory). Might be a good idea to move the 401k from equity to bonds.
Will see how this plays out since turning off the tap would seem to be bad for JPM & GS.
Or to move the 401k into physical gold, silver, palladium and virtual bitcoin.
I liked summer '11 better... where stocks went down and yields went UP
ZH liked my comment so much it repeated it.
Black Weekend
Just wait till the Fed doubles down on QE, and then the ECB's hand is forced into somehow brining the € down against the $, at which point Abe will do what Abe does best, and the Brits won't know what is going on, but you can bet your Mother-in-Law that the GBP will get forced downward too.
This charade will continue for a while. Good opportunities to stock up on silver and gold.
Not yet, but when black friday comes.........
your gonna buy a bunch of TV's as best buy?
Yellen!!!!!!!!!!!!!Let me in!
Told you it's bloody out there...and it ain't raining women
Steely Dan - Black Friday (1975)
Call me Deacon Blues.
"Oh no, Guadalajara won't do..." == "My Old School"
Watched that moron Alan Kohler on ABC tonight putting up a graph of GGB rates and actually stated that 6% meant the entire European debt crisis was over.
You're a laughable two-bit jerk Kohler ... just ask anyone.
OT: stellar analysis on the mystery called MH370, mate.
cheers
Thanks tip.e., things just weren't adding up. Amazing the shit that goes on and almost slips past, unnoticed.
+1000 to the ever green GIF of element.
Making great sense of guru Kholer=crab....walks sideways.
everyone is scared shitless the russians are going to ask for gold as payment
Or worse yet -- ask for it in Euros.
$1.40 would look cheap as everyone dumps USD for EUR, and thus killing off two birds with one stone. The German pain threshold is $1.68 which I imagine we would hit in a matter of seconds, NVM the other countries which are already in pain.
true
Well, something is going to happen today.
Masacre at the G20 meet maybe.Uncle Scam is getting desperate maybe they
will bring back Carlos the Jackal for one last hit.
Let me know when the Dow gets below its levels of mid February. We're NOWHERE near them yet.
DavidC
two days of pent up pomo. whiff of panic in the air....bum rush it back up to 1830 for the euro close, then tick it green to close
Hey.....who told you?
That was suppose to be a secret!
Wallstreet didn't wait long before they started raping the retail muppets. They finally got retail back in the market and the pigmen are fucking them already.
is time to unplug from USA wars, unfortunately, here are too much quislings.
check out the 30 year UST:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=30_year&...
damn close to hitting the bottom of that fat finger telegraph back at the end of Dec 13.
Stay calm man, crashes only happen in October, April is generally a good month for stocks
The correction is already over. All the major indices will end in the green today. New highs by the end of the month.
It will be a bloodbath- worse than yesterday.
Looks like we'll get a chance to see all of that promised HFT liquidity today
"Go Away In May" could be starting a little early this year.