European Bank Bloodbath Smashes Bond & Stock Markets, Sends Gold to $1200

Just as we warned, not only is it time to panic but the panic is ‘contagion’-ing over into the sovereign risk market.

 

From Tyler Durden, ZeroHedge:

 

European bank risk has gone vertical… Today’s spike is the largest since April 2010

Slamming European bank stocks back to near “whatever it takes” lows…

 

Dragging the entire European stock market down 24% from its highs to 16-month lows…

 

And that risk is syetmically crushing peripheral sovereign bond markets…

 

Time to panic? You betcha! All eyes are focused on the synthetic run on Deutsche Bank…

Click here for more on the European Bank Bloodbath from Tyler Durden:

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