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BorsaItaliana Update

Tyler Durden's picture





 

For those curious what is happening in Italy, where the stock market has been closed for most of the day, here it is straight from the Google-translated horse's mouth (and in the original).

#000000; font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;">#ffffff;">Bags in sharp decline, oil at its peak. #ffffff;">Milan Stock Exchange opens in red. #ffffff;">Since speech Gaddafi 

#ffffff;">February 22 15:42 

#ffffff;">(Finanza.com) 
#ffffff;">Bags in sharp decline, oil at the highest two years now and travel of investors in the German bund to take shelter from the worst. #ffffff;">This is the scenario that characterizes the market in the afternoon with the worsening situation in Libya. #ffffff;">More than a thousand dead in Tripoli during the bombing on the crowd of demonstrators took to the streets to protest against the regime of Muammar Gaddafi. #ffffff;">Was reported by the chairman of the Community of the Arab World in Italy (Comai) Aodi Foad, which is in constant contact with Rome, with some witnesses in Libya. #ffffff;">"There is no electricity and medicines in hospitals," said still Aodi, which has appealed to the Italian government to be mobilized for economic aid and by sending medicines to Libya. "The government remains in coma #ffffff;">, deaf and blind to the revolution that is taking place at this time. " 

#ffffff;">The Libyan state television announced that short-Colonel Muammar Gaddafi held a speech to the nation. #ffffff;">With a banner appeared on television shortly Tripoli announces that the brother leader of the revolution will pay attention to the Libyan people. #ffffff;">The WTI oil for delivery in March opens in a sprint finish in New York, where prices rose by 8, 5% to $ 93.51. #ffffff;">In London, Brent contract for delivery in April has come to touch the $ 108.57 and then moderating the increase amounted to $ 107.93. #ffffff;">If the price of oil is maintained throughout the 2011 to current levels, ie above 100 dollars a barrel, "it would create the same kind of crisis of 2008, when crude oil touched $ 150 a barrel, warned the Executive Director #ffffff;">International Energy Agency, Nobuo Tanaka. #ffffff;">According to the IEA's chief economist, Fatih Birol, also the price of oil is entering "a danger zone" that threatens global economic growth. 

#ffffff;">Soaring demand for the ten-year German bund and the consequent drop in productivity, which affects the minimum from 25 January to 3.13%. #ffffff;">Salt the spread between German government bonds and Italian, Spanish, Greek and Portuguese. #ffffff;">The gap between the Bund and BTP widens to 163 points, 221 bond with the Spanish, with titles to 863 points and 430 points with the Greek bond Portuguese. #ffffff;">European stocks go down: affected by tensions with Libya in Paris at 15.30 misses 1, 51%, while yields of London 1, 06%. #ffffff;">In Frankfurt also down (-0.40%), while the FTSE at the Milan Stock Mib opens all in red with a drop of 1, 80% at 21,820 points after being stopped in the morning because of technical problems that have prevented today #ffffff;">Milan Stock Exchange to start negotiations and corrective actions taken. 

#ffffff;">Consob has sent the CEO of the Italian Stock Exchange, Raffaele Jerusalmi, and the CEO of the London Stock Exchange, Javier Role, a letter requesting detailed explanations. #ffffff;">Reuters said a source close to the Commission adding that the letter contains, for the future, an invitation to the strengthening of organizational and technology to ensure the proper functioning of trading. #ffffff;">The goal is to protect the reputation of the Italian stock exchange in a context of increasing global competition.#ffffff;">Operators British protest against the blockade of trading in Milan this morning, decided by the Italian Stock Exchange. 

#ffffff;">As collected by Thomson Financial, the intention of the trader in the City was to take advantage of today's price volatility in the markets, given the tensions in the Middle East, but this could not be on the list for the Italian to stop trading. #ffffff;">The technical problem, for which the Italian markets have been blocked, is limited only to Italy, while the UK market is operating normally, and then this morning, the British operators could operate in the Italian securities, stock exchange had not decided whether to suspend#ffffff;">bargaining. #ffffff;">According to other Italian operators, as reported by Assosim, block by Palazzo Mezzanotte was inevitable and anything can happen. #ffffff;">The real problem is that there does not seem appropriate plans for emergency management. #ffffff;">The list on the Milan exchange have been suspended due to a problem of information related to the price spread in Italy. #ffffff;">As reported by ZeroHedge who contacted a large market participants this morning would have been conceivable a few large sell orders for securities of large capitalization companies dell'Ftse Mib.

 

 


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Tue, 02/22/2011 - 12:25 | Link to Comment The Limerick King
The Limerick King's picture

Short Bags bitchez!!!

Tue, 02/22/2011 - 12:35 | Link to Comment savagegoose
savagegoose's picture

translation

 

short bags, = shrinking scrotums.

Tue, 02/22/2011 - 13:11 | Link to Comment Logans_Run
Logans_Run's picture

Natural process when you are proven to have no balls!

Tue, 02/22/2011 - 12:37 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Ruby the Heartbreaker has left the building.....

http://www.cbsnews.com/8301-504083_162-20032200-504083.html

Tue, 02/22/2011 - 13:07 | Link to Comment Pure Evil
Pure Evil's picture

With those lips, the blowjobs must have been fantastico.

Tue, 02/22/2011 - 12:26 | Link to Comment EscapeKey
EscapeKey's picture

All green of skin... 800 centuries ago, their bodily fluids include the birth of half-breeds. For the fundamental truth self-determination of the cosmos, for dark is the suede that mows like a harvest.

Tue, 02/22/2011 - 12:29 | Link to Comment Mad Max
Mad Max's picture

I believe it's actually 1400 centuries ago.

Otherwise, +1000.

"Don't run, we are your friends" quack, QUACK-quack, {blaster}

Tue, 02/22/2011 - 12:28 | Link to Comment bania
bania's picture

"as reported by ZeroHedge..." 

nice work TD.

Tue, 02/22/2011 - 12:43 | Link to Comment jus_lite_reading
jus_lite_reading's picture

"As reported by Zerhohedge but denied by Harry Wanger."

Tue, 02/22/2011 - 13:22 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Where is the Wanker along with his moron half-brother Hamy declaring how crapple and netflix are going to the moon?

Tue, 02/22/2011 - 12:27 | Link to Comment sparetime
sparetime's picture

Long:
Rice krispies
Whole milk

Short:
Lean hogs
Live cattle

Tue, 02/22/2011 - 12:28 | Link to Comment max2205
max2205's picture

Bags in decline? is that ugly hookers?

Tue, 02/22/2011 - 12:34 | Link to Comment SheepDog-One
SheepDog-One's picture

Bag-holders in decline, I think thats what theyre saying.

Tue, 02/22/2011 - 12:30 | Link to Comment Sutton
Sutton's picture

I think they meant Money McBAGS

Tue, 02/22/2011 - 12:30 | Link to Comment SDRII
SDRII's picture

hannibal strikes again

Tue, 02/22/2011 - 12:32 | Link to Comment SteveNYC
SteveNYC's picture

Interesting to observe the difference in cultures (not good or bad, just different). Average Italian could give a shit about the closing of the stock exchange, continue on with pasta lunch, glass of wine, espresso and desert; same result would cause mini panics throughout the USA and a media frenzy.

Interesting.

Tue, 02/22/2011 - 12:35 | Link to Comment Josh Randall
Josh Randall's picture

Wonder if the Vatican goes QE to help out its host country

Tue, 02/22/2011 - 12:36 | Link to Comment Fred Hayek
Fred Hayek's picture

I read this in a Chico Marx voice and it all makes perfect sense.

Tue, 02/22/2011 - 12:36 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

World production and distribution has become too efficient - there is little or no redundencey in systems.

Recapitalisation bitches.

Tue, 02/22/2011 - 12:37 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

double post

Recapitalisation bitches.

Tue, 02/22/2011 - 12:45 | Link to Comment FGoria
FGoria's picture

Take a look guys. I spoke with Cinnober, provider of Borsa Italiana system, for my newspaper.

http://www.linkiesta.it/piazza-affari-incastrata-software-e-libia

Tue, 02/22/2011 - 12:51 | Link to Comment walküre
walküre's picture

stopped in the morning because of technical problems that have prevented today Milan Stock Exchange to start negotiations and corrective actions taken

 

Anda Luigi, hasa hada too mucha ofa da pasta lasta nighta anda hisa fatta finga mada a crasha

Tue, 02/22/2011 - 12:50 | Link to Comment disabledvet
disabledvet's picture

Triple post.  Recapitalisation beaches.  Of course try it in real estate...ever recapitalise your house?  Used to happen all the time of course...

Tue, 02/22/2011 - 13:00 | Link to Comment vitoox
vitoox's picture

Peace on you too, you son of BEACH! I'm going back to Italia:

 

http://www.youtube.com/watch?v=VxgS2e7I5JA

Tue, 02/22/2011 - 13:10 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Thank you Ben! I wished for geopolitical turmoil and civil unrest every Christmas now, and finally I got it!!

- Lex Luthor

Tue, 02/22/2011 - 13:14 | Link to Comment Caviar Emptor
Caviar Emptor's picture

1,000 dead in Tripoli. Wow. Looks like the Jasmine Revolution has become the Death to Swine Revolution. Check your high-minded principles at the door and pick up a pitchfork

Tue, 02/22/2011 - 13:35 | Link to Comment bogey4
bogey4's picture

fyi, "borse" is Italian plural for stock exchanges.  It also translates to "purses" or "handbags" or "bags."

 

guy who likes to say fyi

Tue, 02/22/2011 - 14:18 | Link to Comment Ahmeexnal
Ahmeexnal's picture

Stronzo has hit the fan.

Tue, 02/22/2011 - 14:46 | Link to Comment i.pagnottella
i.pagnottella's picture

the translation really sucks! google!

Tue, 02/22/2011 - 19:19 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

Italy besieged by refugees

 

http://nakedempire.wordpress.com/

Wed, 02/23/2011 - 00:42 | Link to Comment StychoKiller
StychoKiller's picture

Pile some Libyans on top of those Tunisians -- ouch! :>(

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