Loading ...Stocks Plunge On Russia Invasion Threat – Give Up All Post-Payrolls Gains
Tyler Durden’s pictureSubmitted by Tyler Durden on 08/05/2014 13:42 -0400
Yesterday, the S&P and Nasdaq bounced hard off the pre-payrolls level from Aug 1st. From the moment US cash equity markets closed yesterday, stocks have been dropping back. But now, thanks to this:
•SIKORSKI: RUSSIAN UNITS POISED TO PRESSURE OR INVADE UKRAINE
•SIKORSKI: RUSSIAN INCURSION WOULD BE HUGE ESCALATION OF CRISIS
•SIKORSKI WARNS RUSSIA ON IMPACT OF CONVENTIONAL WAR IN EUROPE
The Dow, S&P and now Nasdaq have tumbled below yesterday’s lows, eradicating all the post-payrolls gains in stocks. Treasury yields are tumbling (5bps off highs) and gold and silver and rising.
more http://www.zerohedge.com/news/2014-08-05/stocks-plunge-give-all-post-payrolls-gains