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REBOUND GONE: Europe Dives Into The Red, US Futures Slip
TBI ^ | 9=23-2011 | Gus Lubin

Posted on 09/23/2011 3:51:24 AM PDT by blam

REBOUND GONE: Europe Dives Into The Red, US Futures Slip

Gus Lubin
Sep. 23, 2011, 6:33 AM

So much for the stabilization after Thursday's selloff.

European markets have lost early gains, with the FTSE 100, the CAC 40 and the DAX off over 1%.

Last night's unexpected G-20 statement pledging to take strong coordinated actions to support Europe apparently was not convincing.

Dow futures point to a negative open, losing early gains of nearly 100 points. Here's a chart:


(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: djia; economy; investing; markets
Click here to see the European markets.

Buckle up your seat belts!

1 posted on 09/23/2011 3:51:32 AM PDT by blam
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To: blam
Posted earlier:

Asian Markets DIVE

Meanwhile, US Futures Are Rebounding

2 posted on 09/23/2011 3:57:04 AM PDT by blam
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To: blam

Well, you knew reality would have to rear its ugly head at some point. Maybe today is the day.


3 posted on 09/23/2011 4:03:02 AM PDT by John W (Natural-born US citizen since 1955)
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To: blam
What's infuriating is that the world's economies would soar into the stratosphere if its entrepreneurs were unshackled.

Unfortunately, the morons can't understand this, and there are more of them than there are of us.

4 posted on 09/23/2011 4:05:18 AM PDT by Savage Beast (Big Brother is not a person. Big Brother is the Federal Government.)
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To: blam
Yesterday on CNBC traders were saying that this selling wasn't the big funds and banks.... Well, if not they are going to take a bath. I bet they will try and stage a rally today... It will probably fail.

Mike

5 posted on 09/23/2011 4:07:38 AM PDT by MichaelP (The ultimate result of shielding men from the effects of folly is to fill the world with fools ~HS)
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To: blam

Wow, time to consider buying gold and silver on those dips!
While cash is still worth something


6 posted on 09/23/2011 4:10:38 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: blam

The FTSE is diving toward -2% now.


7 posted on 09/23/2011 4:14:06 AM PDT by RadiationRomeo (Step into my mind and glimpse the madness that is me)
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To: MichaelP
The Euro Dives Amid Plummeting European Markets

Simone Foxman
Sep. 23, 2011, 6:56 AM

The euro is plummeting, swiftly erasing all gains made since U.S. markets closed yesterday.

European markets are following suit, with the DAX off 2.02% and the CAC down 1.69%.

This doesn't bode well for a strong U.S. open. Check out the euro's dive over the last couple of hours.

Image: FinViz.com

8 posted on 09/23/2011 4:19:14 AM PDT by blam
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To: silverleaf

9 posted on 09/23/2011 4:20:37 AM PDT by blam
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To: Kartographer
Denninger: “I Hope You’ve Taken the Last Couple of Years to Become Prepared”

"Karl Denninger, who forecasted the breakdown in stock markets a couple of weeks before the crash of 2008, says that all hell is now breaking loose"

10 posted on 09/23/2011 4:30:02 AM PDT by blam
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To: Savage Beast

Yes the deranged little lefties cannot get over their hatred of those ‘millionaires and billionaires.’ They are losers and so they want to whole world to be losers with them.


11 posted on 09/23/2011 4:40:24 AM PDT by AdaGray
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To: Savage Beast

Right! Europe, the U.S., and the world are witnessing the death of Liberalism.


12 posted on 09/23/2011 4:50:56 AM PDT by RoosterRedux
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To: blam
Here's the puzzling thing: why is gold now under US$1,700/troy ounce at 5:08 am (PDT) as I type this? You'd think with the unstable stock market it would be approaching the point of testing US$2,000/troy ounce soon.

There are people saying that gold will probably peak around US$2,300/troy ounce by March 2012, but start falling as people realize that Obama will NOT re-elected as President and a new Republican President will do a lot of streamlining government size and doing major changes to income tax laws to truly get the economy going again.

13 posted on 09/23/2011 5:14:46 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: blam

Wow, time to consider buying gold and silver on those dips!
While cash is still worth something


14 posted on 09/23/2011 5:26:38 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: John W

It was kind of funny listening to the radio this morning. The Talk station I listen to was chattering away about world events and they made this comparison...

The fantasy nicey world of the liberals is about to bump into the reality world of republicans...


15 posted on 09/23/2011 5:33:22 AM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: RayChuang88

Gold falling as investors cash out and seek US dollars.

The USD looks strong compared to the rest of the world currencies

Personally, I see the US as an illusory and temporary safe haven. If banks are buying USD it is not as a long term safe haven but to cover their butts for what is coming.

Kinda like us standing on the stern of the Titanic as the bow goes under

I also have an uneducated hunch there is manipulation in the gold and other commodities markets that in the long run, benefits China. Call me cynical

Just bought a bit more of the barbarous relic, and some silver too


16 posted on 09/23/2011 5:33:43 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: RayChuang88

I was wondering the same thing yesterday...gold was dropping too?

The only thing I could figure out was that ‘wealth’ is truly gone and those that bought gold are needing to sell it at peak to cover margins. Which would be bursting the gold bubble. The winners will be those who can actually hold on to their gold through the contraction.


17 posted on 09/23/2011 5:36:47 AM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: silverleaf

I think people forget that in China, gold is more than just valued as a store of value—it’s also highly valued as jewelry. That’s why there are a lot of goldsmiths in Hong Kong even now, selling their wares back to China.


18 posted on 09/23/2011 5:43:22 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: RayChuang88

75% or more of the world’s gold is not bought in the US, but in countries like China and India

The govt of China is encouraging its people to buy gold, even with vending machines. “Socal security” for a time when the leading world players go back on a gold standard?


19 posted on 09/23/2011 5:50:50 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: RoosterRedux
"Right! Europe, the U.S., and the world are witnessing the death of Liberalism."

Let's hope and pray so--

--and that it happens before it's too late!

20 posted on 09/23/2011 6:11:05 AM PDT by Savage Beast (Big Brother is not a person. Big Brother is the Federal Government.)
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To: Savage Beast

Forcing the debunked and defunct system of socialism/Marxism/Communism on the world would be akin to keeping a female sex slave in your basement and trying to convince her that’s she your wife.


21 posted on 09/23/2011 6:23:45 AM PDT by RoosterRedux
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To: silverleaf

I bought. Silver hasn’t been this low since June.

It may go lower, but it ws low enough for me now.


22 posted on 09/23/2011 7:10:11 AM PDT by ConservativeWarrior (In last year's nests, there are no birds this year.)
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To: ConservativeWarrior

Despite all the fancy charts and technicals predicting the gold and silver “ bubbles”, that is the ultimate test of the market

When gold and silver reach a price where a lot of investors are willing to buy, and feel satisfied with the price they paid given what they think the future holds. And if it does drop some more? Hey! Buy more!

I thought weeks ago if silver went back to 30 it would be a good price for me - $32-$33 today is close enough!


23 posted on 09/23/2011 7:21:35 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: ConservativeWarrior

Despite all the fancy charts and technicals predicting the gold and silver “ bubbles”, that is the ultimate test of the market

When gold and silver reach a price where a lot of investors are willing to buy, and feel satisfied with the price they paid given what they think the future holds. And if it does drop some more? Hey! Buy more!

I thought weeks ago if silver went back to 30 it would be a good price for me - $32-$33 today is close enough!


24 posted on 09/23/2011 7:23:45 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: RoosterRedux

Sickos who would like to convince a sex slave locked in the basement that she’s a wife can find encouragement in the number of sickos in the world who still believe socialism/Marxism/Communism might work,


25 posted on 09/23/2011 8:27:11 AM PDT by Savage Beast (Big Brother is not a person. Big Brother is the Federal Government.)
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