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DAX Crash Continues - Closes Below Black Monday At 10-Month Lows
For USD investors, the collapse in German stocks has crushed returns to the lowest in 2 years. DAX's collapse this week leaves it closing at Black Monday lows, the lowest since Dec 2014. Perhaps most stunning is German stocks down over 20% since Q€ began...
Absent Black Monday, this is the worst 5-day run for German stocks since the middle of the EU crisis in August 2011.
Charts: Bloomberg
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It's beginning to look like the Shemitah was running a liitle behind schedule. Maybe it was being delivered by the USPS.
People forget Shemitah is a year, not a date and we're just getting started.....
Yeah, but technically that year ended on 09/14/2015. Of course I'm not one to hold God to a calendar.
But that date begins the jubilee year. The super shemitah as it were. From now til October 2016.
Remember, after every seventh shemita there is the beginning of a super shemita called the jubilee! That would end next fall!
<---BTFD
<---Brace For Fucking Impact
<--- Vote in this thread
<--- Do not vote in this thread
<------- Pooped today.
<------- Did not poop today.
Is it too late to change my vote?
Merkel better get ready for all the fun coming her way.....
A car company fucked up an entire country.
But then 1 in 7 jobs in Germany are auto related.
Germany is the new Greece. Will Merkel ask Tsipras for a bailout?
Now that Germany is impacted they won't be as tight with the printing presses. Hey, why not? Everybody is doing it?
More like new Detroit.
Or the EPA depends on how far back ya want to go
Das fucking cough cough auto- 600 000 employees 3rd on the Global 500 wonder where they'll be next year
Same pattern as S&P500, a wave 5 down.
http://tripstrading.com/2015/09/09/dax-10-400500-and-take-the-train-south/
In the end....fake funny money is exactly that = fake funny money.
There is nothing fake about it....it really did funnel trillions and trillions of dollars of wealth from billions of robbed "little people" to a few thousand big boyz.
German relies on export. Howecer it pegs to Euro. In a currency war? The weaker currency always wins (going lowered). So Germans explrt? Would always hits in a currency wars with EM.
That's just the way it is..
Looks like Germany needs several million more unchecked muslim "refugees". That should fix everything.
Grimaldus
Who knew that TDI = The Devil Incarnate?