• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

European Stocks Suffer Worst Start To Year Ever

Tyler Durden's picture




 

Led by a 4.3% collapse in Germany's DAX index, European Stocks plunged 2.5% today which is the worst start to a year ever. European credit markets spiked higher in risk. 10Y bund yields tumbled over 6bps and peripheral sovereign risk spreads jumped 10-15bps. Not a good start for Draghi and his pals...

Germany led the collapse...

 

Which has driven Stoxx 600 - the broadest European stock index - down over 2.5% for its worst start to a year ever!!

 

Charts: Bloomberg

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Mon, 01/04/2016 - 13:21 | 6995659 Soul Glow
Soul Glow's picture

That's what they get for putting Goldman Sachs slumlord Draghi in charge of their banking system.

Mon, 01/04/2016 - 13:35 | 6995731 junction
junction's picture

Welcome to Hard Times.  With the exception of those New World Order front persons like Obama, the U.S. Congress, the 9 court jesters on the Supreme Court and Big Bank banksters/multi-billion dollarsdrug money launderers.   

Mon, 01/04/2016 - 14:59 | 6996161 sun tzu
sun tzu's picture

Dontcha know that 9 thugs in black hospital gowns give legitimacy to the tyranny?

Mon, 01/04/2016 - 15:08 | 6996218 Atlasshruggedme
Atlasshruggedme's picture

That is a way to start the new year.. Down 3% from Dec 31st, Don't forget who your real friends are when this all falls apart. 

You will have allot of people coming to you with hands out. Friends listen, support, care and help... What have they done over the last year?  

Mon, 01/04/2016 - 13:23 | 6995670 Jack of All Trades
Jack of All Trades's picture

Get to work Mr. Draghi!

Mon, 01/04/2016 - 13:48 | 6995807 cpnscarlet
cpnscarlet's picture

Whatever it takes.

Mon, 01/04/2016 - 13:25 | 6995682 vq1
vq1's picture

i love that all msm "breaking news" still shows pictures of traders on the floor, on the phone, yelling or face-palming.

Mon, 01/04/2016 - 13:54 | 6995750 KnuckleDragger-X
KnuckleDragger-X's picture

The last  time the markets had diarrhea CNBC had hour long infomercials on how great things really are, or at least according to their paymasters. This means an upgrade to three hour 'specials'.......

Mon, 01/04/2016 - 13:27 | 6995691 ghostzapper
ghostzapper's picture

Santa Rally offloaded more DB to the Pisanis.  This pile of dog shit is literally on the edge of a cliff down to sub-$10.  

Mon, 01/04/2016 - 13:50 | 6995811 silverer
silverer's picture

Every new day in Europe is a bad start lately.

Mon, 01/04/2016 - 14:16 | 6995917 Bastiat
Bastiat's picture

I heard on the radio that this is all because of China and Saudi Arabia.  Those fuckers!

Mon, 01/04/2016 - 15:30 | 6996356 asteroids
asteroids's picture

DAX is really really over valued. It could fall 50% and still be rich.

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