DAX flash crashes 4%

The ongoing European financial stress today manifests in German index DAX as it plummets 4% in a flash crash.

Across the pond the US markets get dragged  even though the kindly-looking Warret Buffet stakes a claim in BAC causing a run-up in financial XLF index, which is down the least , -o.5% compared to the general market decline of -1.5%.

Gold futures down another 0.8%, while SLV futures buck the downtrend and are up 2.5% from yesterdays close.

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