Monday, February 4, 2013

Retreat! Suffering Stocks

 This is the biggest stock market slide this year!
from Zero Hedge:
"Slowly things in Europe are starting to go bump in the night again, with the EURUSD down some 150 pips from Friday's multi-year 1.37 high, Spanish bond yields spiking 20 bps to over 5.41%, back over the declining 50 DMA, Italian BTPs getting slammed up some 10 bps to 4.42%, as both Spanish and Italian stocks are sharply down on the day, by 1.2% and 1.9% respectively, following yet another Monte Paschi halt lower earlier in trading."
There will be a lot of profit-taking today! I include myself in that action!