Posted on 04/17/2013 9:50:56 AM PDT by whitedog57
Uncertainty increased in global markets as investor fear grows. Recent Central Bank aggressive moves (Fed, Bank of Japan and South Korea) send a signal of global economic weakness.
It didn’t help that former ECB executive board member Lorenzo Bini-Smaghi said that “policy makers led by President Mario Draghi will act to weaken the euro.” Is this the ECB’s return fire in the new currency war?
US stock market indices are down today, particularly the NASDAQ index. And Europe is down over 2%.
Real estate investment trusts (REITS) also tanked today.
The volatility index VIX climbed today.
Sovereign yields are up in the US and Europe (except for Portugal). And Japan and Aussie yields are up.
At least gold is up today.
If you are a chartist (not the British type), the Hindenburg Omen is back.
Maybe this is all Grumpy Cat’s fault.
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