Asian markets down over 3%, Futures down, Gold up sharply…Is this the MELTDOWN starting?

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When markets in Asia are down this sharply on a Monday morning, it could be a sign that the financial crisis we’ve all been fearing is finally beginning.

Pay attention today.

Shanghai Composite: Down 3.21%
Nikkei: Down 3.51%
Gold up $10.48
London FTSE 100: down .55% (The one to really watch closely the next few minutes…)

http://www.marketwatch.com/

im startling to think June is the month it finally all goes down…..

take a look at Dow Futures right now, its in the red…. on friday it went down by over 100.

if you have been watching Bo Polny, even he said that June is when it will all go down…

Hang Seng is now -500

Nikkei is now -450

http://www.investing.com/indices/major-indices

Markets In Turmoil As Brexit Fears Mount And Japan, China Data Tumbles

FX, equity, and bond markets are in turmoil as Asian markets begin trading with Japan ugly, Sterling getting spanked, China devaluing FX (stocks down hard), and crude ($48 handle) and US equity futures (Dow -70) extending losses (as bond markets are all tumbling to record low yields). The hangover from further brexit concerns is not helped by the weakness in Japanese and Chinese data tonight.

First Japanese manufacturing data was a disaster…

 

Then Chinese data largely disappointed. A “meet” in Industrial Production – hovering at multi-year lows…

*CHINA MAY INDUSTRIAL OUTPUT RISES 6.0% FROM YEAR EARLIER

 

Retail Sales missed…*CHINA MAY RETAIL SALES RISE 10.0% FROM YEAR EARLIER (lowest since 2006)

 

And FAI missed… *CHINA JAN.-MAY FIXED-ASSET INVESTMENT EXC. RURAL RISES 9.6% (lowest since 2000)

http://www.zerohedge.com/news/2016-06-12/markets-turmoil-brexit-fears-mount-and-japan-china-data-tumbles

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