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European Stocks Slide Below Key Support Level

As Europe's triple-dip recession arrives, European stocks are breaking bad...

STOXX50 <200ma


DAX <200ma


CAC <200ma


IBEX <200ma


FTSEMIB <200ma


FTSE100 <200ma


Charts: Bloomberg

Bonus Chart: In Europe, central planning powers appear to have achieved optimal control over the credit markets (keep rates low for everyone) and have left the equity market to its own devices... In the US, it's all about stocks for confidence...


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So for Europe, stocks are the "tell" that all is not well; In the US, credit is the "tell"