Blood On The Streets Of Europe - Stocks Crash By Most In 4 Years, Bond Risk Surges

Tyler Durden's picture

Carnage - everywhere. A surging EUR - as CNH carry traders unwind en masse - has led to an unwind across most risky assets in Europe. This week saw EuroStoxx 600 - the broad index - crash almost 6%, its biggest drop since September 2011. Perhaps most stunningly, Germany's DAX was the biggest loser - collapsing 7.4% on the week. European bonds are are also seeing risk increase dramatically with Portugal and Italy worst (aside from Greece's blowout). Europe's VIX topped 30 this week, as US VIX surges.


Worst weeek for European stocks in 4 years..


Led by a complete collapse in DAX...


And European bond risks - despite Draghi's promises - are blowing wider...


Europe's VIX hit 30 this week...


Charts: Bloomberg

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JustObserving's picture

Reality bites - 16 Western countries had NIRP just a few weeks ago.

Your NIRP bonds may default

HonkyShogun's picture
HonkyShogun (not verified) JustObserving Aug 21, 2015 10:35 AM

Please show me the Donky Kong pic.

Ruffmuff's picture

Hey wtf, the hamptonites have not finished their summer season yet.

Just very uncool.

KnuckleDragger-X's picture

How could this be? Germany was supposed to be super awesome forever!!!!

Bernoulli's picture

It still is. Everything is still awesome in Germany. It's a heck of a buying opportunity!


Baa baa's picture

Anyone surprised?


And the USD is dropping with equities.  That doesn't seem like it's usually allowed.

Kaiser Sousa's picture

those dudes in london - fraud central - sure do like to sell paper Silver from start to finish....

fucking assholes........

Death to the MoneyChangers.

Bill of Rights's picture

Margin call, pay up sucker perhaps?

KnuckleDragger-X's picture

Fun one will be when the mega-banks start calling loans to cover their collective ass and the bill on all those stock buybacks come due......

tocointhephrase's picture

Nah, they all suicided themselves last year when the dow was smashing through 18000. It must have been a very tough time for them!

Skiprrrdog's picture

Let them sell and sell some more, common sense and laws of physics say this cannot go on forever. I am getting ready to back the truck up, and you know, I think I need a bigger truck. Fuck 'em. Thats one of the nice things about physical silver, you almost never get your undies in a wad beacuse of wild price fluctuations!

Bill of Rights's picture

Finkle is Einhorn, Einhorn is Finkle...

monopoly's picture

Well well. Reality finally sets in. About 2 years late but here we are. 

Squid Viscous's picture

Tyler, a mid-day Deer sighting seems warranted?

youngman's picture and silver just hanging much do people have to lose before they change their game...yes the stock players have won for the last 5 years...but at some point gold and silver should be winners too...there are 20 countries around the world who have lost 50% of their monies value....when are they going to buy gold and silver to save themselves...those countires are enough to double demand in a month

Westcott Canon's picture

It seems like whatever happens silver cannot get over it's tarnished self.

Yen Cross's picture

  The DAX gapped down at the London open, then completely filled the gap and added almost 100 point on top of that. Now it's trading about 20 points below the gap.

 It round tripped over 700 points in 10 hours.

Banker Buster's picture

They didn't want the 6 month trading range to become a giant island top and we get a move down equal to that of the 6 month trading range.  S&P going through the same debate right now.

asteroids's picture

The DAX needs to fall back to 5000 or so for it to be "fair value".

Banker Buster's picture

BTFD'ers are taking some heat!!!  

Jack of All Trades's picture

Kevin Henry just got called back from vacation - he'll get to work soon and fix this . . .

zeroaccountability's picture
zeroaccountability (not verified) Aug 21, 2015 2:10 PM

Ha Ha Ha,  carnage everywhere, ha, no, this isn't carnage.  This is just a warmup.  The carnage will be after the Dow hits 7000.

Then you can talk about carnage.

Hope Copy's picture

Silver will only rise like a Phenoix .. after it is all ashes.  Gold is the leader.  You should have bought titanium last year...