{"id":403,"date":"2010-05-20T23:25:38","date_gmt":"2010-05-20T17:55:38","guid":{"rendered":"http:\/\/greenworldinvestor.com\/?p=403"},"modified":"2010-05-20T23:25:38","modified_gmt":"2010-05-20T17:55:38","slug":"a-chronology-of-the-greek-contagion-as-risky-assets-take-another-big-fall","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2010\/05\/20\/a-chronology-of-the-greek-contagion-as-risky-assets-take-another-big-fall\/","title":{"rendered":"A Chronology of the Greek Contagion as Risky assets take another Big Fall"},"content":{"rendered":"<p><strong>A Chronology of the Greek Contagion<\/strong><\/p>\n<p><a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/02\/weekend-bailout-greece-agrees-on-eu-imf-bailout-with-great-sacrifices\/\">1) Markets get spooked by the Greek crisis ; IMF\/EU\u00a0 Bailout\u00a0 deemed insufficient<\/a><\/p>\n<p><a href=\"..\/2010\/05\/07\/greek-contagion-cac-down-5-in-mattter-of-minutes-vix-up-nearly-100-in-2-days\/\">2) European markets and risky assets take a might fall<\/a><\/p>\n<p><a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/07\/us-markets-drop-more-than-8-dow-down-more-than-900-points-where-is-the-ppt\/\">3) Dow crashes 1000 points in 15 minutes <\/a><\/p>\n<p><a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/08\/greek-contagion-sarkozy-and-merkel-indulge-in-favorite-pastime-of-blaming-the-speculators-eu-to-set-up-stabilizatoin-fund\/\">4) The European Bazooka is Unleashed with a lot of Fanfare;Merkel and Sarkozy declare &#8220;war&#8221; on speculators<\/a><\/p>\n<p><a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/10\/eu-blows-away-the-speculators-and-the-market-with-970-billion-bazookacac-up-8euro-up-2-2asia-up-2-3\/\">5) Massive short covering rally leads to some people thinking that the Dow Flash Crash was a blip .<\/a><\/p>\n<p><a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/14\/greek-contagion-euro-hits-new-low-despite-eu-bazooka-as-political-and-social-fissures-increase\/\">6) The Short Covering Rally Fizzles out as Austerity measures announced led fears of a deflationary trap<\/a><\/p>\n<p><a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/19\/twin-shocks-hit-markets-as-germany-bans-naked-short-selling-and-us-senate-puts-curbs-on-credit-cards\/\">7) Markets Fall as Germany declares a sudden ban on naked short selling ; US Senate surprises with restriction on Credit Card Fees<\/a><\/p>\n<p><a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/19\/merkel-almost-declares-defeat-in-war-with-euro-speculators-after-eu-bazooka-fizzles-out\/\"> Merkel almost declared defeat against the Euro speculators;Thinks that the Euro is at Risk<\/a><\/p>\n<p>Wall Street Craters Again as European Fears show no signs of resolution<\/p>\n<h3><a href=\"http:\/\/finance.yahoo.com\/news\/Wall-Street-slumps-on-rb-2848528581.html?x=0&amp;.v=20\">Wall Street slumps on euro zone fears &#8211; Yahoo<\/a><\/h3>\n<blockquote><p>Stocks dropped on Thursday, with all major indexes sliding more than 3 percent on growing fears that the euro zone&#8217;s handling of its sovereign debt crisis could jeopardize the global economic recovery.<\/p>\n<p>The S&amp;P 500 is now down more than 10 percent from its April.high, signifying a correction. The index is also below its 200-day moving average.&#8221;Europe is causing a correction that calls the whole recovery into question,&#8221; said Andy Fitzpatrick, director of investments at Hinsdale Associates in Hinsdale, Illinois. &#8220;It&#8217;s not outside the realm of possibility that we could drop another 5 percent from here.&#8221;Germany&#8217;s unilateral decision on Tuesday to ban naked short-selling has triggered worries about additional regulation and hurt the euro, which was down 0.5 percent versus the dollar<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>A Chronology of the Greek Contagion 1) Markets get spooked by the Greek crisis ; IMF\/EU\u00a0 Bailout\u00a0 deemed insufficient 2) European markets and risky assets take<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[87,90,93],"tags":[1373,1802,1803,2243,2254,4013,4088,4317,4619],"class_list":["post-403","post","type-post","status-publish","format-standard","hentry","category-europe-world-markets","category-france","category-germany-europe-world-markets-world-markets","tag-debt","tag-eu","tag-euro","tag-government","tag-greece-europe-world-markets-world-markets","tag-pigs","tag-portugal","tag-regulator","tag-short-selling"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=403"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/403\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}