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Thursday, October 16, 2014

MARKETS GETTING CRUSHED AGAIN

Good morning, and welcome back to the selloff! It is ugly in Europe again Greek stocks, which got totally destroyed yesterday, are down another 2% today. Italian stocks are down 3.6% right now, on top of the 4% decline yesterday. Germany is down over 1%. There's also a bit of a freakout on the bond side of things, with Greek 10-year interest rates surging to well over 8%. The German 10-year yield has hit a record low of 0.718% as people rush to safety. Generally, this feels VERY much like the bad old days of the Eurozone crisis. Oil is weak again, and hanging just above $80/share. US futures are now down over 1% across the board.SEE ALSO: Here's The Full Scorecard Join the conversation about this story »


READ THE ORIGINAL POST AT www.businessinsider.com