Turns out, the European markets open at midnight here in Oregon, just before I start getting ready to go to bed. Usually reserved for reading, but last night I was curious.
Holy shit.
Markets drop 10% instantly, and or are suspended from trading.
Calm English guy talks about how equity assets are the only thing left to sell for cash.
I kind of like listening to the accents; makes me feel cosmopolitan. But there's one guy who absolutely mumbles, in an English accent. Can't understand a word he says, but when I do make out a word it's non-sensical. The Euros seem to be a much more dapper crew. The Aussies on the other hand look like they just got out of bed. Germans seems grimly amused; the French have one raised eyebrow; the Chinese appear to be gloating.
Talk me down from this, RDC. Show me how this is just 'normal.'
It was kind of funny. They have two charts running on the screen; rising stocks and losing stocks. But since no stocks were actually going up, the 'rising' stock chart was listing losses of 2.8 or 3.5 or 4.7; those were the winners. The 'losing' stock chart was more like 28.2 or 22.6 or 18.9.
Holy shit.
Markets drop 10% instantly, and or are suspended from trading.
Calm English guy talks about how equity assets are the only thing left to sell for cash.
I kind of like listening to the accents; makes me feel cosmopolitan. But there's one guy who absolutely mumbles, in an English accent. Can't understand a word he says, but when I do make out a word it's non-sensical. The Euros seem to be a much more dapper crew. The Aussies on the other hand look like they just got out of bed. Germans seems grimly amused; the French have one raised eyebrow; the Chinese appear to be gloating.
Talk me down from this, RDC. Show me how this is just 'normal.'
It was kind of funny. They have two charts running on the screen; rising stocks and losing stocks. But since no stocks were actually going up, the 'rising' stock chart was listing losses of 2.8 or 3.5 or 4.7; those were the winners. The 'losing' stock chart was more like 28.2 or 22.6 or 18.9.