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Markets In Turmoil – Stocks Sliding As Bitcoin Tops $400

Posted By admin On November 13, 2013 @ 11:22 am In Money Watch | Comments Disabled

Zero Hedge [1]
November 13, 2013

With a shiny red ballon dog selling for $58 million, perhaps it was time to take a little profit in the equity exuberance. S&P futures are down 9 points from last night’s close – which in the new normal is considerable (sadly) – with no macro data headlines this morning to spark a move, we will be watching JPY (which for now is rallying awkwardly) for signs of ignition. Meanwhile, as the USD flatlines (despite dispersion in FX), Bitcoin just toppped $400 for the first time ever - doubling in the last two weeks. Precious metals are up modestly; treasury yields are limping lower; and European equities (and sovereign bonds) are having another tough day.

S&P Futures an odd shade of green (called red we hear) this morning…

Markets In Turmoil   Stocks Sliding As Bitcoin Tops $400 20131113 OP1 0 [2]

Bitcoin tops $400…

Markets In Turmoil   Stocks Sliding As Bitcoin Tops $400 20131113 OP2 0 [3]

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URL to article: http://www.prisonplanet.com/markets-in-turmoil-stocks-sliding-as-bitcoin-tops-400.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-11-13/markets-turmoil-stocks-sliding-bitcoin-tops-400

[2] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131113_OP1.jpg

[3] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131113_OP2.jpg

[4] Here’s Why Bitcoin Speculators Are Just Laughing At Anyone Who Calls It A Bubble: http://www.prisonplanet.com/heres-why-bitcoin-speculators-are-just-laughing-at-anyone-who-calls-it-a-bubble.html

[5] Bitcoin Goes On Insane Move Overnight As It Surges To $145 And Then Plunges To $126: http://www.prisonplanet.com/bitcoin-goes-on-insane-move-overnight-as-it-surges-to-145-and-then-plunges-to-126.html

[6] Top bitcoin exchange freezes, arbitrarily shuts down, proving you will not be able to get out of bitcoin when you want to: http://www.prisonplanet.com/top-bitcoin-exchange-freezes-arbitrarily-shuts-down-proving-you-will-not-be-able-to-get-out-of-bitcoin-when-you-want-to.html

[7] The bitcoin bubble: Why speculative bitcoin buy-ins now point to a disastrous bitcoin crash: http://www.prisonplanet.com/the-bitcoin-bubble-why-speculative-bitcoin-buy-ins-now-point-to-a-disastrous-bitcoin-crash.html

[8] Bitcoin Is Going On An Astronomical Tear: http://www.prisonplanet.com/bitcoin-is-going-on-an-astronomical-tear.html

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