GERMANY IS IMPLODING—Now Down 3.9%

The German DAX tanked after that dreadful U.S. nonfarm payrolls number.

It's now off 3.9 percent.

In recent weeks, Germany has been able to fight off the steepest of losses despite a massive rout in the periphery. But it looks like that's changing.

Here's the DAX in the last few minutes:

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