Skip to comments.Asia stocks plunge after Europe elections, US data
Posted on 05/06/2012 7:56:36 PM PDT by Free ThinkerNY
BANGKOK (AP) - Asian stocks are sliding after elections in Greece and France heightened uncertainty about Europe's ability to solve its debt crisis.
Japan's Nikkei 225 index has plunged 2.5 percent Monday to 9,142.47. Hong Kong's Hang Seng tumbled 2.5 percent to 20,564.87. South Korea's Kospi shed 1.7 percent.
(Excerpt) Read more at wxow.com ...
...and so it begins. Debt and unemployment like we’ve never seen.
Strap in, boys.
Here we go
Eventually the central banks will be told to pound sand and a full economic reset will be done.
I should have gotten out. Should have seen this coming. :-(
So the Asians could see that our MSM was lying when they said unemployment fell?
Bill....no man is an island. I told all of my friends to bail last May.
Not sure this one development will sink us, but it seems our economy is so weak under Obama that who gets elected in France can harpoon the USA. That shouldn’t be the case.
Oh great I’m listening to the news now. This socialist bum will increase spending and debt, is anti-American, anti-NATO, and plans to pull out of Afghanistan. A perfect friend for Obama.
Good luck Wi Ping
And next the Socialists will have to invade and steal any wealth that their neighboring countries have left. History will repeat.
If Eurozone financial eruptions of the recent past are any guide, you might have a little flight to safety rally into which you can sell. It’s not necessarily going to be bad for US holdings in the very near term.
All that scared money has to land somewhere, and we’ve benefitted twice from just this effect since 2008. If it drives the dollar up as well, and it has in the recent past, there could be an opportunity to exit into another currency with a little cushion, too.
In times od Euro panic, we appear to suck less and therefore benefit, weird as it sounds.
Not sure this one development will sink us, but it seems our economy is so weak under Obama that who gets elected in France can harpoon the USA. That shouldnt be the case.”
When the stocks reached 5 year highs last week you knew the “Dump” part of “Pump and Dump” was coming soon
Stock market drop, unemployment up, and a recession is the perfect recipe for a defeat of our sociopathic socialist president.
Axis-rod can eat sh**!
Bingo! and thats all there has been for the past 2 years.
Pump and dump.
The pump and dump may have to be sooner than later. I think originally, the plan for the short term traders was to party ‘til the cops showed up, that is close to November. Well, they might hear the sirens, and they might have to take the money and run.
Good. The buck is safe? I’ll take the deal on Au.
PNSN -7.71% which could mean another MF Global...
Don’t know that it is, but I do know recent history and behavior that suggest this won’t be bad in the very near term for US markets or currency. Beyond flight to safety effects, it’s not good. Likely a small window of opportunity. If you’re talking about Australian dollars that’s one thing, if you’re talking about gold it’s another. This could drive gold down in the very near term. Long term, there appears to be no end to instability in sight, which historically favors precious metals, but they’ve had quite a run, so I don’t know about that.
Au= gold. Agree, it will go down a little in the short run if the pattern is somewhat like 2008. Then, they flew out of stocks into USD/ treasuries. But the euros might park into gold somewhat more than USD than the
But as for markets, as in ‘08 the USD could be relatively strong but markets all around weak. Hussein could face the triple threat of market crash, recession and unemployment spike.
Yeah, those Asians are pretty sharp, unlike Dummycrats and the MSM.
Hussein could face the triple threat of market crash, recession and unemployment spike.
They won’t be able to spin that to their advantage.
Yep. Been quietly accumlating Au. And Pb.
Picked up a few boxes of Pb just yesterday.
Can you imagine what will happen to the stock market if Ubama gets reelected?
The 2013 Fiscal Cliff Could Crush Stocks
When Bush left office the GDP to debt ratio was about 70%. After 3.5 years in office that American Mugabe who resides in the WH increased the GDP to debt ratio to over 100%.
Here are the stats.
dont forget the jam to go with that Pb :)
2013 will be ugly.
How long before Germany decide/realize they can't do it on their own. Grab all the chairs then stop the music. If they move away from the euro and leave the rest to fend for themselves then the rest are screwed. If Germany waits then they get screwed. What will the Germans do? LOL. The Germans are smart and will do what is best for them while the lazy socialists fiddle.
France just started the spiral. That vote will be felt worldwide. They just voted to live today at the expense of the future. Fucking surrender monkeys but what did the Germans expect.
What happens at home? We are in some ways worse off than France as fast as debt. We are better in the idea that we are still see safe haven.
Capital control will now rock the EU. Can't tax what you can't control.
Next week will be interesting. Too bad we don't have any statesman left in the US political arena but that would require citizens that care and vote past their own ignorant selfish needs. We are running a socialist against a Communist. We lose regardless.
Anyway Sunday will go down in history as a date in future history as the start of the end and war will follow. France's new leadership as already said they plan on meeting with ECB to dictate new direction.
Anyway, just my humble opinion - music is still playing and chairs are being grabbed.
” Hussein could face the triple threat of market crash, recession and unemployment spike.
They wont be able to spin that to their advantage.”
” Anyway Sunday will go down in history as a date in future history as the start of the end and war will follow. France’s new leadership as already said they plan on meeting with ECB to dictate new direction.”
New self destruction