Friday, May 14, 2010

Jumping Jack Flash Crash

Tyler Durden just flagged that the euro under 1.24 to the USD and is basically in freefall, along with the Dow and even gold here at the noon hour.  Things are about to get real interesting today here at lunchtime.  Another EU bailout package this weekend?

Who knows?  But the waterbed just sprung a leak, kids.  Europe closed down 3%.  It's getting ugly out there, and something major's got to happen before Asia's open on Monday or it's going to be meltdown city.

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