[blam]

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!

[ken5050]

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

[LibLieSlayer]

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

[misanthrope]

Watching......