London FTSE 100 -1.11%
Amsterdam AEX -1.01%
Frankfurt Dax -0.94%
Paris Cac 40 -0.89%
Brussels Bel 20 -0.86%
Zurich SMI -0.68%
New York Dow Jones -1.45%
Sao Paulo Bovespa -2.10%
This "blood bath" (pun intended) did not surprise those following the stock markets.
What's more, the European protests, together with the usual bad economic news coming from Europe and the US politically induced fiscal cliff tragic comedy made sure the rich would be further hit today in the only thing sacred for them: their pockets.
So, this morning, this is how Macrobusiness put the day's perspectives: "As I write it is not looking good (...) but it's the close that matters today".
And the Hallowed Markets did not disappoint:
Sydney All Ords -0.91%
Hong Kong Hang Seng -1.55%
Of the big world markets, only Tokyo (Nikkei 225) ended up in black: +1.90%.
Macrobusiness is right: it is the close that matters.
"According to the CIS's October barometer, the PP has lost 8.7 percentage points in vote intention in comparison to the general elections a year ago, while the PSOE's remains stagnant". (See here, my translation from Spanish)From a less than overwhelming final result last year of 44.6% of the valid votes, PP would receive 35.9% if the elections had been held October. PSOE achieves a meager and falling 28.6%, while smaller parties have either increased or retained their votes. And that, before 14N.
If you ask me, the 1% have reasons to worry and to try to play down the whole thing. They are losing the money they stole from you. Their figureheads will keep falling.
The Portuguese and the Italians are waking up; and even the so far not so badly affected (relatively speaking) French, Germans, Belgians and other Europeans are seeing the tide rising. They know they are waiting in line for the same treatment you are currently receiving.
The opposing view was expressed today by the jewel in the crown of the House of Murdoch: the Wall Street Journal.
In today's online edition, this is what those stalwarts of "objective" journalism had to say:
"Protest fatigue, declining levels of unionization and factionalism within the labor movement have combined to take much of the bite out of strikes as tools for changing government policy, analysts said."Well, I won't dispute what those unnamed analysts said, neither will I contrast it what other media had to say (here, here, here, here, here, here, here), but the unnamed analysts I consulted said: "The mercenary hacks paid by Big Bucks will lie and try to put a brave face, while they are shitting themselves in their pants".
Spaniards (since Juan Martín Díez, El Empecinado, hero of the war against Napoleon) have a reputation for stubbornness. I think this is a good opportunity to demonstrate it: get organized, brace yourselves for a long fight. Know that you will be the subject of slander, mockery and fake disdain by "moderate" and "realist"
The swindlers and their toadies want to deny you a future, but you have little to lose: they've already stolen all they could. It's them who have a lot to lose, not you. Make them pay.
It's not going to be easy, as the brutal beating of a 13yo boy (the one lying on the floor) and a teenage girl by the Catalonian
Think of this pintada (graffiti, for English speakers):
"Tomorrow, perhaps I'll have to sit before my children and tell them we were defeated.
"But I could not look into their eyes and tell them they live the way they do, because I did not dare to fight back."