Skip to comments.Asia stocks plunge after Europe elections, US data
Posted on 05/06/2012 7:56:36 PM PDT by Free ThinkerNY
BANGKOK (AP) - Asian stocks are sliding after elections in Greece and France heightened uncertainty about Europe's ability to solve its debt crisis.
Japan's Nikkei 225 index has plunged 2.5 percent Monday to 9,142.47. Hong Kong's Hang Seng tumbled 2.5 percent to 20,564.87. South Korea's Kospi shed 1.7 percent.
(Excerpt) Read more at wxow.com ...
...and so it begins. Debt and unemployment like we’ve never seen.
Strap in, boys.
Here we go
Eventually the central banks will be told to pound sand and a full economic reset will be done.
I should have gotten out. Should have seen this coming. :-(
So the Asians could see that our MSM was lying when they said unemployment fell?
Bill....no man is an island. I told all of my friends to bail last May.
Not sure this one development will sink us, but it seems our economy is so weak under Obama that who gets elected in France can harpoon the USA. That shouldn’t be the case.
Oh great I’m listening to the news now. This socialist bum will increase spending and debt, is anti-American, anti-NATO, and plans to pull out of Afghanistan. A perfect friend for Obama.
Good luck Wi Ping
And next the Socialists will have to invade and steal any wealth that their neighboring countries have left. History will repeat.
If Eurozone financial eruptions of the recent past are any guide, you might have a little flight to safety rally into which you can sell. It’s not necessarily going to be bad for US holdings in the very near term.
All that scared money has to land somewhere, and we’ve benefitted twice from just this effect since 2008. If it drives the dollar up as well, and it has in the recent past, there could be an opportunity to exit into another currency with a little cushion, too.
In times od Euro panic, we appear to suck less and therefore benefit, weird as it sounds.
Not sure this one development will sink us, but it seems our economy is so weak under Obama that who gets elected in France can harpoon the USA. That shouldnt be the case.”
When the stocks reached 5 year highs last week you knew the “Dump” part of “Pump and Dump” was coming soon
Stock market drop, unemployment up, and a recession is the perfect recipe for a defeat of our sociopathic socialist president.
Axis-rod can eat sh**!
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