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Momentary Freefall: Europe's Getting Crushed (again) [NOT News]
090511

Posted on 09/05/2011 7:08:42 AM PDT by the invisib1e hand

DAX -3%

FTSE - 5%

It's a freefall at the moment.


TOPICS: Business/Economy
KEYWORDS: crushed; dax; downwardspiral; ftse; septemberblues
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To: Farmer Dean
Germany will end up owning Greece

that's too bad for the Germans! That place isn't worth having even as a colony.

21 posted on 09/05/2011 7:33:41 AM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: All

apologies: it’s ftse -3% and dax -5%.


22 posted on 09/05/2011 7:34:20 AM PDT by the invisib1e hand (non-union thug.)
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To: PGR88

Ohh I dunno,some of the women are pretty hot....


23 posted on 09/05/2011 7:36:36 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: bert

Won’t affect me immediately regardless. I am divested from the stock market. All my money is in US bonds and physical gold and silver (which I bought at $600/once and $13/once respectively).


24 posted on 09/05/2011 7:37:12 AM PDT by 3Fingas ( Sons and Daughters of Freedom, Committee of Correspondence)
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To: PGR88
-----Obama will give his long-awaited speech-----

I have come to think of it as his VIAGRA Speech

It is the speech to overcome Presidential impotence

25 posted on 09/05/2011 7:37:18 AM PDT by bert (K.E. N.P. +12 ....Rats carry plague)
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To: the invisib1e hand

Blood will fill Wall Street above the street signs tomorrow.

LLS


26 posted on 09/05/2011 8:04:34 AM PDT by LibLieSlayer (Certified Al Palin Hobbit Terrorist)
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To: Bean Counter
$2500.00 by Christmas. I watched Pawn Stars yesterday... Rick bought a mint 1932 Lincoln from a fellow for $95,000. The man accepted his offer... in solid GOLD coins... carried his gold off in a sack with an armed guard supplied by Rick. He said... No one will want this car in a year... everyone wants gold. Smart man. He better have plenty of brass and lead too.

LLS

27 posted on 09/05/2011 8:08:12 AM PDT by LibLieSlayer (Certified Al Palin Hobbit Terrorist)
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To: Farmer Dean
One can only eat so much Baklava.

LLS

28 posted on 09/05/2011 8:09:46 AM PDT by LibLieSlayer (Certified Al Palin Hobbit Terrorist)
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To: the invisib1e hand

German parliment votes tomorrow on the bailout. I guess a bad vote turns the whole thing into meltdown phase.


29 posted on 09/05/2011 8:28:50 AM PDT by wiggen (The teacher card. When the racism card just won't work.)
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To: LibLieSlayer
"Blood will fill Wall Street above the street signs tomorrow. "

Buy When There's Blood In The Streets

" Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that "The time to buy is when there's blood in the streets."

30 posted on 09/05/2011 8:36:01 AM PDT by blam
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To: the invisib1e hand; LibLieSlayer; Bean Counter; Farmer Dean; ken5050; bert
TOTAL BLOODBATH IN EUROPE: Here's What You Need To Know

Joe Weisenthal
Sep. 5, 2011, 10:38 AM

Fears that the Eurozone might go kaput led to a total bloodbath in Europe today (and it's not quite over).

We mentioned the selling earlier, when the major indices were down some 3%, but now it's worse.

Here's a quick look at the equity markets.

Italy -5.3%.

Germany -5.5%.

France -4.9%.

Athens -3.1%. That index is now down about 50% since March.

Greek 2-year yields blew past 50% for the first time.

Meanwhile, banks are getting destroyed.

Deutsche Bank if off over 8%.

Credit Suisse is down 8.8%.

Italy's UniCredit is off 7.4%.

And the major US equity indices, fresh off their ~2.5% losses on Friday are down another 2.5% or so today.

Drink up!

31 posted on 09/05/2011 8:43:25 AM PDT by blam
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To: blam

I suspect the Greek pols are gonna do something stupid..really stupid....


32 posted on 09/05/2011 8:53:35 AM PDT by ken5050
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To: PGR88

How ironic. If only Hitler had waited, the Third Reich could have eventually bought Europe at a discount. ;-)


33 posted on 09/05/2011 8:58:40 AM PDT by Steel Wolf ("Few men desire liberty; most men wish only for a just master." - Gaius Sallustius Crispus)
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To: PGR88
As Sarah Palin wisely observed, we can't rescue the economy by making solar shingles and fast trains.
34 posted on 09/05/2011 9:29:07 AM PDT by hinckley buzzard
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To: the invisib1e hand

I would not call that “freefall.” It’s probably a reaction more to the Greece thing than anything else. Their banking system no doubt has a lot of exposure to sovereign debt.


35 posted on 09/05/2011 9:29:40 AM PDT by Brilliant
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To: Steel Wolf

Yes, the Germans have finally accomplished what they were trying for in the 30s.


36 posted on 09/05/2011 9:30:22 AM PDT by AceMineral (Some people are too stupid for their own good.)
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To: the invisib1e hand

Too bad they don’t have Labor Day in Europe.


37 posted on 09/05/2011 9:31:06 AM PDT by AceMineral (Some people are too stupid for their own good.)
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To: blam
Buy the stuff that will survive the coming times... good advice.

LLS

38 posted on 09/05/2011 9:31:10 AM PDT by LibLieSlayer (Certified Al Palin Hobbit Terrorist)
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To: blam
Many of us on FR... including yourself... are not surprised by any of this. The only question was when... and it looks like the time is now.

LLS

39 posted on 09/05/2011 9:33:51 AM PDT by LibLieSlayer (Certified Al Palin Hobbit Terrorist)
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To: blam

Watching......


40 posted on 09/05/2011 9:41:11 AM PDT by misanthrope (What is it with Russian racehorses?)
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