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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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1 posted on 03/17/2013 7:03:27 PM PDT by blam
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To: blam

1 percent, is that a dive?


2 posted on 03/17/2013 7:05:03 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: blam

Have a feeling Cyprius is part of the reason of this. It reflects the entire EU as well as Russia.


3 posted on 03/17/2013 7:05:13 PM PDT by autumnraine (America how long will you be so deaf and dumb to thoe tumbril wheels carrying you to the guillotine?)
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To: blam

S&P500 futures -19.5 but, of course, PPT hasn’t even entered the picture yet.


4 posted on 03/17/2013 7:05:53 PM PDT by steve86 (Acerbic by Nature, not NurtureĀ™)
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To: blam

Bump


5 posted on 03/17/2013 7:07:29 PM PDT by Jet Jaguar
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To: blam
Asia Stocks Dive On Cyprus Deposit Levy

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)

6 posted on 03/17/2013 7:07:42 PM PDT by blam
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To: blam

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.


7 posted on 03/17/2013 7:07:43 PM PDT by SkyPilot
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To: steve86

Copper down almost two percent as well and that metal often gives the “truest tell”.


8 posted on 03/17/2013 7:08:05 PM PDT by steve86 (Acerbic by Nature, not NurtureĀ™)
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To: autumnraine
ZERVOS: 'This Is A Nuclear War On Savings And Wealth'
9 posted on 03/17/2013 7:10:22 PM PDT by blam
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To: steve86

10 posted on 03/17/2013 7:11:33 PM PDT by blam
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To: blam

No one will put money in a bank that steals it.

It’s just that simple.


11 posted on 03/17/2013 7:12:00 PM PDT by Venturer
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To: steve86

That’s a mid-biggish move on Cu. Copper gave a head fake to the upside last week but took it right back. In all this hoopla over “the recovery” copper has been my tell that it ain’t happening quite the way the pundits seem to be pumping it.


12 posted on 03/17/2013 7:12:55 PM PDT by Attention Surplus Disorder (This stuff we're going through now, this is nothing compared to the middle ages.)
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To: blam
Cyprus Deposits Theft Bank Run Trigger for Stock Market Drop?

Financial SHOCK and AWE has sent the Greek cypriot population into a panic as the Government of Cyprus upped the anti in the game of systemic theft of wealth from savers / all depositors by virtue of the Governments announcement to steal an average of 10% of ALL bank deposits in Cypriot banks as part of a Euro 10 billion bailout plan, including declaring a bank holiday to prevent bank runs whilst the fine details are worked out as to exactly who will have what percentage stolen from their bank accounts.

13 posted on 03/17/2013 7:16:04 PM PDT by blam
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To: steve86

Euro sell off across the board.

Eur/Yen, long considered a barometer of risk assets is experiencing a huge gap down in early trading.

A break below 120.00 would signal a real trend reversal.


14 posted on 03/17/2013 7:20:02 PM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
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To: central_va
1 percent, is that a dive?

Ha! These articles all use the most dramatic of phrases to describe small price shifts.

Gotta keep everyone excited and on edge.

15 posted on 03/17/2013 7:21:02 PM PDT by Leaning Right
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To: blam

16 posted on 03/17/2013 7:27:33 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: blam
You can be sure that the Cypress bank thief is King Obama’s exact way he will finish America. Our entire Country will crash. It will start with the confiscation of IRA and 401k. He will probably wait until his illegal third term.
17 posted on 03/17/2013 7:29:29 PM PDT by Logical me
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To: blam

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!


18 posted on 03/17/2013 7:33:53 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: Attention Surplus Disorder

Kitco Spot Copper(Dr Copper)


19 posted on 03/17/2013 7:34:07 PM PDT by blam
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To: blam

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.


20 posted on 03/17/2013 7:50:44 PM PDT by Cicero (Marcus Tullius)
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