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Saturday, August 2, 2014
European Stocks Plunge Into Red For 2014, Portugal Down 10% This Week As Espirito Santo Stock Suspended After 40% Crash.
But but but... the crisis is over and Europe is recovering? European stocks dropped 3.2% in the last 2 days - the most in 7 months - taking the broad index into the red for 2014. Portugal (remember how BES was contained) collapsed 10.3% this week (down 26% from its highs in April) to one-year lows.Europe's VIX spiked over 20 today - its highest in over 4 months.