Asian and Euro markets got hammered pretty hard. The US futures are down pretty good in the premarket as well. Oil is at $68 gold; at $1190. Stories of ECB upping their bond purchases and the bets against the GBP are reaching record levels. The Euro has settled back into the 1.22's after touching 1.25+ and retreating again. LIBOR is taking its toll on EU banking. Larry Summers is talking about another stimulus package for the US. Market jitters are attributed to (1) EU contagion continues and (2) Korea war of words. Transocean goes forward with billion$ dividend and AG-DOJ have been asked to investigate. Corporate behaviour is being put back under the microscope again.
As one of my favorite bloggers said - if you like the smell of napalm in the morning, this is for you, it's ugly out there this morning.
No comments:
Post a Comment