The Sell-off Is Spreading: Markets Now In Triple-Digit Loss Territory; UBS CIO Warns Of Japanese “Abegeddon” Scenario!!! DOW -200!!! Dow Jones Drops Under 15,000!!!
June 5th, 2013
Markets Around The World Getting Smoked — Dow On The Verge Of Falling Below 15,000
Markets across Europe just closed at their lowest levels of the day.
The London FTSE 100 fell 2.1%, the French CAC 40 fell 1.9%, the German DAX lost 1.2%, the Spanish IBEX 35 retreated 0.9% and the Italian FTSE MIB fell 1.0%.
European markets are now trading at six-week lows.
Meanwhile, in the United States, the Dow Jones Industrial Average is down 1.2% (off 180 points), and is now trading at 14,991.
The S&P 500 is down 1.1%, and the NASDAQ is 1.0% lower. All three are trading at their lowest levels of the day.
The S&P 500 is trading around 1617 this morning, 4.1% off its peak level of 1687 turned in on May 22.
Markets Now In Triple-Digit Loss Territory
After this morning’s economic data releases.