1 percent, is that a dive?
Have a feeling Cyprius is part of the reason of this. It reflects the entire EU as well as Russia.
S&P500 futures -19.5 but, of course, PPT hasn’t even entered the picture yet.
Bump
U.S. stock-index futures, euro falling
By Sarah Turner, MarketWatch
SYDNEY (MarketWatch) — Asia stocks reacted badly on Monday to details of a bailout of Cyprus over the weekend — with U.S. stock-index futures and the euro also sharply lower — as investors fretted about the potential implications of a decision to levy private bank deposits.
(snip)
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.
No one will put money in a bank that steals it.
It’s just that simple.
Is the news that the World Bond Bubble burst?
Will Commrade Chairman Bernanke be cursed?
Oh, what will Tyrant Hussein do then, poor thing?
He’ll hide in his White House,
To keep himself calm,
And blame it all on Bush, OF COURSE!
That was the initial reaction. But right now pretty much all the markets are back up, except the Hang Seng.
Likewise, gold and silver skyrocketed at the opening in Asia, but then corrected back down again. Looks like the effects were pretty short-lived.
Not necessarily “wiping out value” if it’s an adjustment due to the exchange rate spike as the euro gets dumped.
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.
BTFD