European Markets

[TaxmanHog]

German markets took a dump today, down 11% & 12%!
http://money.cnn.com/data/world_markets/index.html

http://custom.marketwatch.com/custom/cnnmoney-com/markets/images/clock-closemkt.gifGermanyDAX---133.67- 3.48% 3,710.07 3/2 6:31pm

http://custom.marketwatch.com/custom/cnnmoney-com/markets/images/clock-closemkt.gifGermanyMDAX--511.03-11.09% 4,440.94 3/2 6:31pm

http://custom.marketwatch.com/custom/cnnmoney-com/markets/images/clock-closemkt.gifGermanyTECDAX-56.49-12.72% 423.50 3/2 6:31pm

[right$pecial]

German markets took a dump today, down 11% & 12%!
http://money.cnn.com/data/world_markets/index.html

http://custom.marketwatch.com/custom/cnnmoney-com/markets/images/clock-closemkt.gifGermanyDAX-133.67-3.48%3,710.073/2 6:31pm

http://custom.marketwatch.com/custom/cnnmoney-com/markets/images/clock-closemkt.gifGermanyMDAX-511.03-11.09%4,440.943/2 6:31pm

http://custom.marketwatch.com/custom/cnnmoney-com/markets/images/clock-closemkt.gifGermanyTECDAX-56.49-12.72%423.503/2 6:31pm

I noticed this today. There was even talk that the continuing economic crisis could lead to the destruction of the European Union if this continues.

Do you guys ever see this destruction as a good thing? I used to have a lot of respect for a lot of European countries but ever since the EU became all the rage they've all started to act like our American stereotypical interpretation of France. Not to mention the fact that a strong EU gives credit to the traitors who want a North American Union.

[TaxmanHog]

I see the EU as a half ass-ed effort to unify, all the nations are not so keen with equalizing disparity's of the mundane never mind the currency & transcontinental trade.

[nelson]

Looks like the dive has stalled at least for now, which is good. Well, it hasn't turned into a bigger disaster, anyway... yet.

Germany DAX +56.72 +1.54% 3,748.75 3/10 12:52pm
Germany MDAX +124.42 +2.99% 4,287.84 3/10 12:53pm
Germany TECDAX +7.81 +1.91% 417.13 3/10 12:53pm
Of all the European countries I'd expect Germany to be most fiscally resilient, even despite incurring their own big debts in recent years. Those people can make and export anything. The bike I ride every day came over from Germany on a boat. It's unfortunate they're so big into EU - it may make trade easier for them, but it's also going to drag them down.