9/5 Euro Flash Crash Trash Underway: No Faith in the Fed or the French

By John Galt
September 5, 2011 – 08:15 ET

As the world turns….into crap.

No one apparently has any faith that the Fed will do enough, no faith in Obama to announce anything of consequence, and no faith in the honesty of the French banksters.

Thus the formula for today’s across the board sell off in Europe.

Germany, getting zapped the worst is watching the DAX crater 3%+:

GERMAN DAX via Yahoo Finance

France is getting ready to surrender also:

FRANCE CAC-40 via Yahoo Finance

Austria down 3%:

AUSTRIA ATX

FTSE 100 just ugly:

FTSE 100 via Yahoo Finance

and now the PIIGS:

Portugal: -122.54 1.93%

Italy: -543.06 3.61%

Ireland: – 65.40 2.55%

Greece: -20.49 2.79%

Spain: -269.30 3.18%

1 Comment on "9/5 Euro Flash Crash Trash Underway: No Faith in the Fed or the French"

  1. brickd66 | 05/09/2011 at 10:12 |

    This is probably the reason for the big hit to the Dax.
    http://www.bloomberg.com/news/2011-09-04/dollar-rises-against-euro-on-merkel-election-defeat-u-s-slowdown-concern.html

    Good-bye Euro….Hello Mark?

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