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Biggest Hungarian Commercial Bank Trading Halted On Budapest Stock Exchange

Submitted by Tyler Durden on 06/04/2010 08:26 -0400

All trading in shares of OTP Bank, Hungary's largest commercial bank, has been halted on the Budapest stock exchange after a plunge greater than 10%. Nothing to see here, go back to reading Goldman's spin on things, and why everything all of this really should be priced in already.

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Fri, 06/04/2010 - 08:29 | 394223 Cognitive Dissonance

Wow, look at all those pretty lights, sparkling and twinkling. Goldman has very powerful magic pixie dust.

Fri, 06/04/2010 - 08:30 | 394224 MrTrader

Nothing to see here. Why are ES futures not down 500 points ???

Fri, 06/04/2010 - 08:31 | 394227 Tipo anónimo

The smell of financial napalm in the morning...

Fri, 06/04/2010 - 08:36 | 394228 Cheeky Bastard

FTSE, just nosedived. A straight fucking line down. 50 pts, maybe more in 1 min.

EDIT

Massive fucking sell off in London, and the volume is ... i dont know ... its fucking insane.

Fri, 06/04/2010 - 08:41 | 394250 Cognitive Dissonance

Medic! Cheeky needs some Thorazine.......Stat. :>)

Keep hitting them below the belt Cheeky. You're my hero.

Fri, 06/04/2010 - 08:44 | 394264 Cheeky Bastard

I'm sitting here yelling at the walls, throwing coffee cups into said walls, smoking like Louis Ranieri after a failed bond trade and hyper-fucking-ventilating. ISP IB-DD not picking up the phones, well, the phones are not even ringing. Its LEH-2 x 100 baby.

Fri, 06/04/2010 - 08:52 | 394290 Mako

Nobody wants a good party to end, but they always do.

They call them a death spiral for a reason.

The fall of housing and derivatives implosions will take the blame for something that was a given to happen long ago.

Fri, 06/04/2010 - 09:05 | 394319 SWRichmond

One-trick pony.

Fri, 06/04/2010 - 09:15 | 394347 Mako

Well, it sure beats all the lemmings pointing their fingers, when the problem was right in the mirror.

Fri, 06/04/2010 - 09:17 | 394354 SWRichmond

why don't you just get it over with and tell us what you're selling? I'm betting that'd be a surefire way to make us all completely ignore you.

Fri, 06/04/2010 - 09:24 | 394389 Cheeky Bastard

dude, you sound like those JPM EDS salesmen from 05. everyone was bitching about GER ban on naked CDS and now all of the sudden "the problem was right in the mirror". fuck off. The problem became THE problem for most just about an hour ago. You were all screaming like a rabid pack of bitches about Merkls ban just a few days ago. Thank you for your analysis, but i dont think so. Until most here consolidate what the fuck they believe in, i will skip most of the shit that gets thrown my way.

Fri, 06/04/2010 - 08:48 | 394287 SWRichmond

Look at the relative volume in RBS, Lloyd's, and Barclay's

http://www.bloomberg.com/markets/stocks/movers_index_ukx.html

Fri, 06/04/2010 - 08:34 | 394232 BlackBeard

Eastern Euro GIIRRRLLLLZZ!!!!

Fri, 06/04/2010 - 08:37 | 394237 MyFriendMises

bad jobs number. 430k only 40k private. Should be a huge drop at open.

Fri, 06/04/2010 - 08:38 | 394239 Mako

Why don't they drop money from the sky like all the nutbags out here keep on saying is going to happen.

There is no Helicopter folks. The decouplers were selling the same lie, well, not completely true Europe is decoupling and falling into the Med.

Fri, 06/04/2010 - 08:40 | 394246 taraxias

Be careful of what you wish for, Mako

Fri, 06/04/2010 - 08:51 | 394261 Mako

The only thing I wish for is humans to get a clue, but humans really don't appear to have learned a thing.

There is no Helicopter, the is no decoupling.

Wait till you see the Asian crisis, you haven't seen anything yet.

Fri, 06/04/2010 - 09:06 | 394323 SWRichmond

One-trick pony; why don't you just get it over with and tell us what you're selling?

Fri, 06/04/2010 - 08:39 | 394240 Trichy

It is now official Austria is gone, and the dominos are in motion

Fri, 06/04/2010 - 08:40 | 394243 Oso

HAHAHAHAHAHAHAHAHA - between the amazing NFP and all this garbage, i cant just help but feeling VINDICATED.

Fri, 06/04/2010 - 08:40 | 394248 John McCloy

And Liesman just said, "It appears many doubt the conviction of the ECB to handle this crises meaning inevitably they need to do QE"

Ha. No shockers here the banksters will shake the earth unless they get more taxpayer cash and the sackless politicians will give it to them.

Fri, 06/04/2010 - 09:12 | 394336 jkruffin

Had to turn CNBC off, they just brought yet another cronie on that is about 90 yrs old claiming its not that bad ROFLMAO where do they dig these bafoons up at?

Fri, 06/04/2010 - 09:29 | 394412 MarketFox

One should now review GS profits as to their origin.

Then watch the polys spin it....

Sat, 06/26/2010 - 05:14 | 435029 mbtshoe

Biggest Hungarian Commercial Bank Trading Halted On Budapest Stock Exchange

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