[allmost]

This doesn’t look good.

[blam]

Asian Markets Start With Big Selling, While Euro Just Keeps Heading Lower

Joe Weisenthal
May. 4, 2010, 9:58 PM

Following the big US market tank, Asian markets are picking up the baton.

Shanghai is down 8%. Hong Kong is off .2%. Tokyo remains on a long weekend.( The Nikkei 225 market is closed)

And here's the most distressing market. The euro is now decisively below $1.30, with steady selling all night and into the Asian morning.

[snip]

[mlocher]

fears that Greece's debt woes could spread to other countries.

Wrong statement. Correct statement: fears that scrutiny of Greece's debt is also uncovering major debt problems in other countries.

[mylife]

Oh ****

[Freddd]

Data Insights » EQUITY INDEXES INDEX VALUE CHANGE % Δ Nikkei 11057.40 132.61 1.21 TOPIX 987.04 9.40 0.96 Hang Seng 20374.50 -388.57 -1.87 S&P/ASX 200 4649.60 -87.50 -1.85 Shanghai 2782.85 -52.43 -1.85 Dow 10926.80 -225.06 -2.02 Nasdaq 2424.25 -74.49 -2.98 S&P 500 1173.60 -28.66 -2.38 S&P/TSX 12030.90 -165.65 -1.36 Mexico Bolsa 32120.70 -711.80 -2.17 Brazil Bovespa 64869.30 -2250.09 -3.35 FUTURES INDEX VALUE CHANGE % Δ STOXX 50 2656.00 -104.00 -3.77 FTSE 100 5376.00 -131.50 -2.39 CAC 40 3633.50 -126.50 -3.36 DAX 6016.00 -156.00 -2.53 FTSE MIB 20242.00 -958.00 -4.52

[blam]

Mexico, Brazilian stocks fall sharply as Greece fears soar

[BOBTHENAILER]

Whoa baby-—this is not pretty.

[Ken H]

I just listened to a report on Bloomberg radio about Greece. I think it was from a foreign news source.

Oh boy! They are painting a big fat target on Greek 'tax evaders' and 'rich' Greeks. You could hear the sneer in the narrator's voice as she said 'tax evaders'.

They reported that of the 17,000+ homes with swimming pools, only 2% pay the required tax. Then they said that if you're a Greek traveling to Switzerland, get ready for some unwelcome attention.

Scapegoating and demagoguery in real time.