MARKETS CRUSHED: FLASH CRASH THURSDAY 2.0? Live Feed From Athens As 100,000 Greeks Go On Strike, Consider Storming Parliament Again • German Finance Minister: Markets Out of Control US Begins Massive Military Build Up Around Iran, Sending Up To 4 New Carrier Groups In Region
Things are getting really ugly in the US. S&P futures are down 2.0% following some ugly jobless numbers, and the flood of pictures from Greece. Also note the big time selling in commodities, both industrial and precious.
• EURJPY Liquidations Take Pair Below 110, 100 pip Move In Seconds; BOJ Expected To Intervene Imminently
The last time Greeks were shown to be storming their parliament on live TV, we got a 1,000 point drop on the Dow Jones. Today, another 100,000 protesters of austerity are expected to hit the streets as the entire country is essentially shut down.
As if uncontrollable economic contagion was not enough for the administration, Obama is now willing to add geopolitical risk to the current extremely precarious economic and financial situation.
• O’Reilly Not Happy With Rand Paul For Not Wanting To Nuke Iran
Friday, 21 May 2010
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