Just as I predicted – after the two full moon’s in Pisces (Neptune) on the DragonTail took place, the shady financial markets will react with bad surprises (Uranus)!
GREECE IS IN FULL-BLOWN STOCK MARKET COLLAPSE
As if the world didn’t have enough to be worried about (ISIS, Ebola, slowing China, Ukraine, slowing Germany, Fed tightening, etc.) now look what’s back: Greece. And in a big way.
The stock market is down over 9% on Wednesday, which is about as big as crashes come.
And the banks are getting absolutely smashed.
Greek banks yikes today. NBG -13%, Piraeus -14%, Alpha -14%, Eurobank -20%.
— Charles Forelle (@charlesforelle) October 15, 2014
Greece, which had been calm for a while, is now being wracked by two separate but related things.
One is the rise in the political popularity of left-winger Alexis Tsipras, the leader of the Syriza party, who if he ever got elected to power would take a much more confrontational stance with the rest of the eurozone with regards to austerity.
STOCKS ARE TUMBLING
Stocks are lower across the board, but have pared some of their losses after opening sharply lower.
US stocks opened deep in negative territory while bond yields were tumbling all around the world as the US 10-year yield fell as low as 1.86%.
The Dow is currently down about 200 points, the S&P 500 is down 21 points, and the Nasdaq is down 37 points.
The Dow and S&P are off more than 1%, while the Nasdaq is off 0.8%.
The Dow was down as much as 386 points, the S&P 500 was down as much as 30 points, and the Nasdaq was down as much as 75 points.
With Wednesday’s early drop, the S&P 500 turned negative for the year.
The drop in US stocks also follows a sharp sell-off in European stocks.
Italy’s FTSE MIB is down 2.8%, Germany’s DAX is down 2.0%, Britain’s FTSE 100 is down 1.5%, and France’s CAC 40 is down 2.2%. Greece is down a whopping 9%.
Meanwhile, global bonds are surging, with the 10-year Treasury yield falling below 2% for the first time since June 2013, falling to as low as 1.86%.