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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"