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European Stocks Suffer Biggest Monthly Loss In 4 Years

Tyler Durden's picture
Submitted by Tyler Durden on 08/31/2015 11:42 -0400



 

If not for the squeeze at the end of last week, this would have been European stocks' worst week since Lehman. However, with the 'save' Stoxx 600 (Europe's S&P 500) dropped almost 9% - its biggest drop since the peak of the EU crisis in 2011...

Worst month since 2011...

 

Saved from even worse collapse by last week's rescue..

 

Charts: Bloomberg

 
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Mon, 08/31/2015 - 11:50 | 6490418 buzzsaw99
buzzsaw99's picture

only back even with the 2007 highs? what a bunch of pikers.

Mon, 08/31/2015 - 11:48 | 6490437 Jason T
Jason T's picture

my ruler says we close at 16,850 today on the DOW.

Mon, 08/31/2015 - 11:55 | 6490471 Dr. Engali
Dr. Engali's picture

Damn that Draghi. Didn't anybody tell him that stawks are only supposed to go up?  

Mon, 08/31/2015 - 11:56 | 6490477 EurGold
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1oz Silver American Eagle €13 @ EurGold

https://www.eurgold.eu/silver/american-eagle-1oz-silver-coin-1-dollar-le...

Mon, 08/31/2015 - 11:57 | 6490483 Tsar Pointless
Tsar Pointless's picture

Well, now that Europe is closed for the day, US stawks have zoomed toward positive territory. It looks as though Keven's hangover is abating.

Keep buying that dip for us, Kev. You're doing a helluva job, Henry!

Mon, 08/31/2015 - 12:00 | 6490500 JustObserving
JustObserving's picture

Most European countries are bankrupt.  The true value of their bonds is 90% less and true value of their stocks is at least 70% less.  

Time has a way of destroying all illusions including the omnipotence of the corrupt, criminal banksters.

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