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"
via Zero Hedge http://ift.tt/1s8L0A3 Tyler Durden