As Europe's triple-dip recession arrives [3], European stocks are breaking bad...
STOXX50 <200ma
[4]
DAX <200ma
[5]
CAC <200ma
[6]
IBEX <200ma
[7]
FTSEMIB <200ma
[8]
FTSE100 <200ma
[9]
Charts: Bloomberg
Bonus Chart: In Europe, central planning powers appear to have achieved optimal control over the credit markets (keep rates low for everyone) and have left the equity market to its own devices... In the US, it's all about stocks for confidence...
[10]
* * *
So for Europe, stocks are the "tell" that all is not well; In the US, credit is the "tell"
