10 votes

The Global Financial Markets Are Getting Annihilated

The Global Financial Markets Are Getting Annihilated

SAM RO | JUN. 20, 2013 | 10:19 AM

The entire global financial markets are selling off sharply today.

U.S. stock markets are getting slammed early in the trading session. The Dow and the S&P 500 are down by over 1.5%. This follows major sell-offs in Europe and Asia earlier today, and it extends yesterday's U.S. market sell-off.

Globally, investors are digesting two big headlines:

Fed Chairman Ben Bernanke suggested that strengthening economic data could enable the Fed to start tapering, or gradually reducing, its stimulative bond-buying plan.

China reported that manufacturing activity was decelerating at a higher clip than expected in June. China is the world's second largest economy and it is also a key source of global economic growth.

Read more: http://www.businessinsider.com/us-stocks-are-plunging-2013-6...

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A 2% move is annihilation?

A 2% move is annihilation? Geez, I wonder what a 3% move would be then? Nice attempt at an alarmist post.

Liquidity Storm! "Increasing paper till there is no money left.”

Circa 1796
Thomas Paine noted that the “English system of funding”
was close to bankruptcy; in order to finance overseas conflicts, Britain was “increasing paper till there is no money left” (133). As the war-torn decade progressed and the national debt grew, Paine realised that the principle of convertibility was about to collapse. From this point on, radical discourse configured paper and gold as class enemies. In his pamphlet Decline of the English System of Finance, published one year before Restriction in 1796, Paine predicted that gold and silver were about to “revolt against depreciation and separate from the value of paper”, in the process destroying the “popular delusion” of the credit system.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Ground Control to Major Tom: Put Your Helmet On!

All Markets falling... All!

Silver falls to 19.58

Dow /quotes/zigman/627449 14,882 -230 1.52%
Nasdaq /quotes/zigman/12633936 3,397 -46 1.34%
S&P 500 /quotes/zigman/3870025 1,604 -25 1.53%
GlobalDow /quotes/zigman/629063 2,103 -68 3.13%
Gold /quotes/zigman/6585799 1,296 -78 5.68%
Oil /quotes/zigman/2291778 95.25 -2.99 3.04%

^ATX ATX Down 60.84 (2.56%)
^BFX BEL-20 Down 45.50 (1.74%)
^FCHI CAC 40 Down 140.41 (3.66%)
^GDAXI DAX Down 268.60 (3.28%)
AEX.AS AEX General Down 9.20 (2.62%)
^OSEAX OSE All Share Down 5.80 (1.12%)
^OMXSPI Stockholm Genrl Down 10.57 (2.86%)
^SSMI Swiss Market Down 235.77 (3.05%)
^FTSE FTSE 100 Down 189.31 (2.98%)
PX Index Down 27.09 (2.93%)
MICEXINDEXCF.ME MICEX Down 24.31 (1.84%)
GD.AT Athex Composite Down 33.60 (3.66%)

Tokyo Stock Exchange Tokyo Price Index TOPIX 1,091.81 -14.76 -1.33%
Nikkei 225 13,014.58 -230.64 -1.74% 02:28:01
Hong Kong Hang Seng Index 20,382.87 -604.02 -2.88% 04:01:22
Shanghai Shenzhen CSI 300 Index 2,321.47 -79.29 -3.30% 03:01:47
Shanghai Stock Exchange Composite Index 2,084.02 -59.26 -2.76%
Shenzhen Stock Exchange Composite Index 942.06 -33.01 -3.39%
Shenzhen Stock Exchange Component Index 8,147.48 -273.76 -3.25%
Taiwan Stock Exchange Weighted Index 7,898.91 -108.48 -1.35%
Korea Stock Exchange KOSPI Index 1,850.49 -37.82 -2.00%
S&P/ASX 200 4,758.39 -102.99 -2.12%
National Stock Exchange CNX Nifty Index 5,655.90 -166.35 -2.86%
S&P BSE India Sensex Index 18,719.29 -526.41 -2.74%
Straits Times Index STI 3,133.26 -80.53 -2.51%
FTSE Bursa Malaysia KLCI Index 1,762.34 -10.54 -0.59%
Stock Exchange of Thailand SET Index 1,402.19 -35.51 -2.47%
Jakarta Stock Exchange Composite Index 4,630.00 -176.66 -3.68%
New Zealand Exchange 50 Gross Index 4,398.52 -47.03 -1.06%
Philippines Stock Exchange PSEi Index 6,326.67 -186.53 -2.86%
Karachi Stock Exchange KSE100 Index 22,015.04 -120.68 -0.55%

Gold to 1283

Nice graphic Goldenequity!!

The insiders can't stop the DOWNHILL RACER...

Goodbye Helo Ben!! Or should we call him Humpty Dumpty


Thank you...

for making this a TOPIC... IT'S HUGE..
feel free to use any of the graphix in your OP..
this REALLY should be on the front page..

Q. What happens if EVERYBODY heads for the EXIT at the same time???

Here's another graphic 4U :)

The ENTIRE WORLD is holding a Garage Sale today... EVERYBODY!
they just want CASH.

Yea, Even Here In Silicon Valley, We Have Tons Of Yard Sales

Things are still pretty good here, but i can walk two and three blocks from home and find lots of empty office spaces..