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European Stocks Plunge Into Red For 2014, Portugal Down 10% This Week
But but but... the crisis is over and Europe is recovering? European stocks dropped 3.2% in the last 2 days - the most in 7 months - taking the broad index into the red for 2014. Portugal (remember how BES was contained) collapsed 10.3% this week (down 26% from its highs in April) to one-year lows. Europe's VIX spiked over 20 today - its highest in over 4 months.
European stocks are red for 2014
Portugal led the decline...
Charts: Bloomberg
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Not to be the permabull on here...but look at the nikkei. It took a 15% dump while everything else was doing just fine. Now the Dax is taking the same dump and the nikkei is on the way back up. Looks like the S&P will take a sympathy dump with the dax.
It's all bullshit. If this was real Japan would be getting slammed. This is just central planning letting some steam out.
You're not the only perma-bull on here, but I reserve the right to change my mind tomorrow. 850 pts off the Dax, looks like it's about time to BTFD.
Could this really be the start?
http://finance.yahoo.com/q/bc?s=JNK&t=3m&l=on&z=l&q=l&c=
Meh...look at this chart again:
http://finance.yahoo.com/q/bc?s=JNK&t=5y&l=on&z=l&q=l&c=
spoke to a buddy of mine who is in that area. Said he is seeing (and has been) massive block trades out of HY and into cash.
one way to be certain. when the system is truly going to crash, they will start the war to cover it.
Over my dead body they will.
That's the idea....
Central planning is giving you hope to buy on the high side. A sucker is born every day.
But fonz.... they've halted the trading in that Portuguese bank El Terribleo Financio Del Anuerismeo ... So things gotta be good. I mean what in the world would they be telling us? Things are bad? So cheer up. Hum "It's a long way ti Tipperary" slap a fat child at the supermarket while you yell at him about eating the cereal before its paid for, ignore the old lady who feel down in the parking lot and is crying "Help me I can't get up!" Because there's no need to worry. Be happy. La la la lllaaaaa laah la la laahhhh. Hell, man you could be living on the South side of Fresno with no air-conditioning next door to the crack house run by MS-13. La la la la la la la ...
Turn those printing presses back on! Untaper.....Untaper!
Are you BTFD Doc ?
I hear they need Doctors down in Atlanta if that goes wrong for you.
Joking aside,look at WTI .
Green close, the Fedres is still in control.
Red close, run for the lifeboats.
As with the ACA an Ebola outbreak is market moving.
What an incredible buying opportunity.
How are those Russian sanctions working out for ya EU?
Replace Draghi with open source software.
The systematic risk caught us off guard. We thought a cash burn approach would spark growth. We need more money to try to fine tune our past mistakes.
/sarc
Will US now play Russia's role of energy supplier to the economic centre of the world, aka EU ?
No. Too expensive to ship across by sea. Boone Pickens is fucked over in a handbag.
What do you mean, no ? US about to destroy it's own 'colony' ?
CNBC suggests: Amid Market Volatility, Keep Calm and Carry On
It took a depression for the Portuguese Blow Job to reach a Par with their EU counterparts.
It's all good. The funny little man with the bald head on the Mark Haines channel said so.
slam. NASDAQ emini 100 just hit the low for the day at 1157 AM, that it hadn't seen since 620 this morning. I had a feeling we'd see it again...the jobs report was just some Janet Yellen style noise in the way of where the market was planning to go.
ES is coming up on the 100 day avg.
European money leaving Europe and heading to the US markets, the current US correction is designed to suck in
more shorts, to be killed when the foreign money enters the US markets and lifts the markets higher.
BTW the US markets will eventually crash, just not yet.
(just my opinion)
https://www.youtube.com/watch?v=JlSQAZEp3PA
The most consistent downside technical indicator is called the "coil-breakout-reversed", and today's DAX down 2% is a prototypical example, with a downside projection of 6-8% more. Stretch the graph back to Jan '14 to see the very large 3 month coil upside breakout followed now by the downside reversal in progress. Click 'MAJORS' and DAX to watch the futures action live:
http://www.investing.com/indices/us-30-futures-advanced-chart
ha-ha-ha. The Garden Gnome.
where POMO??? why no POMO???
what??? no mo POMO?????
POMO call home.
Winter is coming
Lol at the slide in stawks.
My crystal ball says they are just setting up QE for the ECB, and the best way to do that is nullify (or perhaps de-prioritize is a better word) german worries about currency dilution by sinking their stock market 10% or more.
Prepare for the transatlantic QE hand-off within 90 days.