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Markets Are Diving All Across Asia
TBI ^
| 3-17-2013
| Joe Weisenthal
Posted on 03/17/2013 7:03:27 PM PDT by blam
Markets Are Diving All Across Asia
Joe Weisenthal
March 17, 2013
The weird thing about finance: A bailout deal that will save Germany a few billion in taxpayer dollars (by shifting the burden to Cypriot depositors) is wiping exponentially more than that off the world's market indices today.
CNBC's Deirdre Wang Morris tweets a photo of the CNBC Asia market wall, which is as good a way as any other to see the carnage.
(Excerpt) Read more at businessinsider.com ...
TOPICS: Germany; Israel; Japan; News/Current Events; Russia; United Kingdom
KEYWORDS: crash; cyprus; eu; europeanunion; germany; greece; israel; japan; markets; russia; turkey; unitedkingdom
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To: blam
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.
21
posted on
03/17/2013 8:03:23 PM PDT
by
Attention Surplus Disorder
(This stuff we're going through now, this is nothing compared to the middle ages.)
To: central_va
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".
22
posted on
03/17/2013 8:11:43 PM PDT
by
katana
(Just my opinions)
To: blam
Not necessarily “wiping out value” if it’s an adjustment due to the exchange rate spike as the euro gets dumped.
To: SkyPilot
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.
24
posted on
03/17/2013 8:23:15 PM PDT
by
867V309
To: Cicero
Intervention by governments?
25
posted on
03/17/2013 8:25:02 PM PDT
by
867V309
To: central_va
Meh. It’s like a 150 dump in the Dow. Not considered a great day. Not a terrible one either.
26
posted on
03/17/2013 8:32:36 PM PDT
by
Cyber Liberty
(I am a dissident. Will you join me? My name is John....)
To: Venturer
Yeah, I see runs on banks in our near future. Cyprus has no idea what they’ve done.
27
posted on
03/17/2013 8:34:15 PM PDT
by
Cyber Liberty
(I am a dissident. Will you join me? My name is John....)
To: 867V309
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.
28
posted on
03/17/2013 8:38:51 PM PDT
by
batterycommander
(a little more rubble, a lot less trouble)
To: SkyPilot
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.
29
posted on
03/17/2013 8:45:21 PM PDT
by
depressed in 06
(America conceived in liberty, dies in slavery.)
To: batterycommander
So do you think the German elite secretly want out of the EU or else want it to fail?
30
posted on
03/17/2013 8:47:40 PM PDT
by
867V309
To: 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.
31
posted on
03/17/2013 8:53:04 PM PDT
by
Deathtomarxists
(collapse death heartburn heartache dingdongs diaherea)
To: 867V309
They want Cyprus and Greece out.
32
posted on
03/17/2013 8:54:06 PM PDT
by
WriteOn
(Truth)
To: blam
33
posted on
03/17/2013 8:54:36 PM PDT
by
WriteOn
(Truth)
To: WriteOn
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?
34
posted on
03/17/2013 9:02:45 PM PDT
by
867V309
To: Cicero
Gold is moving back up. $1597.80 at 00:11 EST.
35
posted on
03/17/2013 9:13:22 PM PDT
by
SVTCobra03
(You can never have enough friends, horsepower or ammunition.)
To: 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." 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.
36
posted on
03/17/2013 9:19:53 PM PDT
by
blam
To: 867V309
37
posted on
03/17/2013 9:25:13 PM PDT
by
batterycommander
(a little more rubble, a lot less trouble)
To: SVTCobra03
Gold is now at $1598.60 at 00:40 EDT. We do indeed live in interesting times.
38
posted on
03/17/2013 9:41:41 PM PDT
by
SVTCobra03
(You can never have enough friends, horsepower or ammunition.)
To: batterycommander
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.
39
posted on
03/17/2013 10:01:18 PM PDT
by
867V309
To: central_va
40
posted on
03/17/2013 10:03:40 PM PDT
by
GOPJ
(DHS HAS secured: 1.6 BILLION bullets - 2.700 tanks and 35,000 drones ...to use on American soil...)
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