Markets Are Diving All Across Asia

TBI ^ | 3-17-2013 | Joe Weisenthal

[Attention Surplus Disorder]

Yeah. Maybe copper heads a little lower, to levels it established when "there was no recovery". Could be a decent reflexive buy maybe a dime lower..if it gets there....non-futes folks can track it using JJC. One has to step back and evaluate whether tomorrow will be just a one-day blunder or if the market in general is ready to take back some serious cheese. Best, IMO, not to make up one's mind so quickly.

[katana]

It's still morning or just noontime Monday in Asia. If the trend continues into the afternoon it will be a "dive". Asia depends on Europe as an important market and so they will be concerned about ripple effects from Cyprus, a small spark that may ignite what's been a ticking time bomb.

The reaction in the European exchanges, which will open in a few hours, will be really interesting. There is a possibility that the US markets will be last shore hit by a financial tsunami.

Welcome to the Global Marketplace. Might be time to get out of the markets and tell 'em "And thanks for all the fish".

[Nomedeplume]

Not necessarily “wiping out value” if it’s an adjustment due to the exchange rate spike as the euro gets dumped.

[867V309]

The entire global Ponzie scheme is made up of imaginary money backed up by fiat currency backed up by IOUs that are backed up with nothing.

That's right.

So why in the world would the Eurocrats destroy the one thing holding the whole deception together: trust?

It seems like deliberate sabotage.

[867V309]

Intervention by governments?

[Cyber Liberty]

Meh. It’s like a 150 dump in the Dow. Not considered a great day. Not a terrible one either.

[Cyber Liberty]

Yeah, I see runs on banks in our near future. Cyprus has no idea what they’ve done.

[batterycommander]

It’s just the Germans demanding their share up front. They are tired of supporting the southern European deadbeats. This will shatter the Euro and the political structure over there. Germans are ready to go back to the Deutschmark and dump this Euro bullsh!t.

[depressed in 06]

The entire global Ponzie scheme is made up of imaginary money backed up by fiat currency backed up by IOUs that are backed up with nothing.

The mystery is why people believe the dollar has value.

The sh!t will hit the fan when all those dumBO phones are cut off.

[867V309]

So do you think the German elite secretly want out of the EU or else want it to fail?

[Deathtomarxists]

So sick of the fake hyped articles. These r not dives, major drops, or skids...05 to 1.5% is nothing. Stop wasting time and trying to freak old people out ny posting this garbage.

[WriteOn]

They want Cyprus and Greece out.

[WriteOn]

BTFD

[867V309]

Well, OK, but Italy is probably the biggest threat. And, there appear to be some heavy hitters in the EU who want NO cracks to appear, for fear of unraveling. Are the German elites at odds with them?

[SVTCobra03]

Gold is moving back up. $1597.80 at 00:11 EST.

[blam]

"So sick of the fake hyped articles. These r not dives, major drops, or skids...05 to 1.5% is nothing. Stop wasting time and trying to freak old people out ny posting this garbage."

You sound like a bit of a ding-a-ling and probably ought to cease posting anyway.

Just stay off these type threads...no-one will miss you anyway.

[batterycommander]

It’s no secret. Angela Merkel has faced recent resistance from a new political party that calls for return to the Deutschmark. 60% of Germans want their Deutschmark back.
http://www.dailymail.co.uk/news/article-1335447/Nearly-60-Germans-want-Deutschmark-instead-ailing-euro.html

[SVTCobra03]

Gold is now at $1598.60 at 00:40 EDT. We do indeed live in interesting times.

[867V309]

Thanks for the link, but "UPDATED: 06:36 EST, 4 December 2010" ?

I find it hard to believe the EU elites are willing to give up, but the Cyprus confiscation is bound to panic enough depositors to cause banks serious trouble, the last thing the Eurocrats need.

Doesn't make sense.

[GOPJ]

It’s early...