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European Bloodbath: Freefalling EUR Plummets On Broad Liquidation Puke

Down over 200 pips in the past 3 hours...

... and down over 500 pips in less than 24 hours...

... and any hedge funds that had an even modestly long EUR position are being FXCMed on this epic liquidation puke.

In other news, nothing brings prosperity quite like absolutely destroying your currency. In the meantime, Chinese exports to Europe grind to a halt, while CFO at half of the S&P500's companies which have exposure to Europe are already busy coming up with new non-GAAP terms to represent "Net Income excluding the impact of central bank lunacy."