OT: Global Market/US Dollar Routs Overnight
stevie-girl was certainly right in his prognostications of GLOBAL MARKET DOOM. The headline he quoted from the Economist called exactly, saying Europe and China would lead the way. What we are seeing is that:
European equities markets are collapsing on the Euro continues its rally against the USD. Meanwhile the Shanghai composite was down 1.5% last night, and was probably only saved by the bell and will continue its slide on Sunday (China just announced a rate cut).
US equities futures are also getting clobbered. Down about 0.6-0.75% on the indices.
There will probably be a continued rout today in the New York today as the economic data and confirms, as always, stevie-girl's predictions.
We are DOOMED I tell you! Absolutely DOOMED! Because Stevie-girl and The Economist said so.
European equities markets are collapsing on the Euro continues its rally against the USD. Meanwhile the Shanghai composite was down 1.5% last night, and was probably only saved by the bell and will continue its slide on Sunday (China just announced a rate cut).
US equities futures are also getting clobbered. Down about 0.6-0.75% on the indices.
There will probably be a continued rout today in the New York today as the economic data and confirms, as always, stevie-girl's predictions.
We are DOOMED I tell you! Absolutely DOOMED! Because Stevie-girl and The Economist said so.
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13 comments
SJG
Absolutely DOOMED!
The Republicans have a little less than 2 years now to create public perception of doom and gloom, if they want to get one of their own in the White House. Also, December is usually the time when plant closures are announced, and then other Reductions in Force are done in Q2.
It is all like Michael Moore has said, they are just closing things and doing layoffs that they otherwise would have done. But it will be presented as a general economic slow down.
SJG