Economic Tragedy That Everyone Saw Coming Is Now Unfolding In Europe... EURUSD Cracks To 3-Month Lows Below 1.30

I wonder what will happen on Monday when Sequestration kicks in on March the 2nd...

isn't sequestration today?

zerohedge‏@zerohedge

SocGen: Final euro PMI point to stalling recovery

They say a lot of things.

Mornin', Luis. Thanks again for staying on top of this for us.

Hi my friend! What do you think this EU bomb numbers+US sequestration will do?

Democrats and Republicans have until March 1st, 23:59PM (US time) to reach a deal. Thus, sequestrations is "activated" on Midnight, March 2nd.

Business Insider‏@businessinsider

Italy Is A Trainwreck Today [link to read.bi]

When the banks close, and everyones money is worthless, the stock market will be the highest it has ever been, and then people will understand the truth.

Business Insider‏@businessinsider

MISS: PERSONAL INCOME FALLS 3.6% (Analysts Expected A Fall Of 2.4%) [link to read.bi]

Sounds doomy, but I don't make predictions anymore. I thought it was all going down a couple years ago. I will never underestimate their can kicking abilities again.

Lets all hope this time it really gets unsustainable and they let the sucker carsh...

8:50a
Deustche Bank down 6%, downgraded by Goldman Sachs [link to www.marketwatch.com]

Damn, everything is getting downgraded worldwide. Any news for North America yet? I bet our numbers are good.

You know, I have to add to this. This economic data is absolutely horrible. Combine that with the spending cuts... I haven't really watched the market for a good couple years but today I just may.

[link to www.bloomberg.com]

It even made it too Bloomberg, FFS.

The markets open in what, ten minutes?

Anyone know the unemployment figures for this week?

[link to www.google.com (secure)]

2 mins. Get your popcorn.

Everybody be safe. 'Love you all (kisses and hugs).

we all know its going to hell, and i think i have aprox timing for different things.. i have a map in my head

you need to get ready for a complete meltdown now, theres not much time left

you need to have gold / silver / bitcoins (motivation, and for a new start in the future), you need to be debt free and you need to figure out how to get food and shelter until you think its time to spend / sell your gold / silver / bitcoins .. the longer you wait, the more you'll get for it, but you dont want to trade it for food or gasoline so you need to find that, you want to trade it for property (though bitcoins are different, i'll have fun with my bitcoins)

Dow down 72+

Agreed. Maybe a total crash will give way to a better future. I don't want my kids around for what's out there right now.

>2%

That's a crumble?

Dow still falling. After 8 minutes down over 100.