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Don't Count Bunga Out Just Yet - Berlusconi Now Has Senate Lead Over Bersani

Tyler Durden's picture





 

As noted initially, Italian exit polls are notoriously inaccurate. Sure enough, here is some data which directly contradicts initial pro-statist results:

  • BERLUSCONI LEADS IN KEY SENATE RACES, IPR PROJECTION SAYS
  • BERLUSCONI LEADS IN SENATE RACE 31% TO 29.5%: RAI PROJECTION
  • BERLUSCONI COALITION LEADING SENATE IN SICILY: LA7 PROJECTS

The market may have to ask some questions, after having shot repeatedly already. And it gets better:

  • Grillo Five-Star movement would be largest single party in Senate based on Rai projection 

A renegade, counter-establishment comic to head it all. What can one say but... Italy.

And EURUSD continues to weaken and Italian bonds have given up their post-poll gains...

 

Charts: Bloomberg

 


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Mon, 02/25/2013 - 11:20 | Link to Comment Yancey Ward
Yancey Ward's picture

By this point in the European crisis, one should realize that actual votes don't matter.

Mon, 02/25/2013 - 11:24 | Link to Comment DonutBoy
DonutBoy's picture

Yes but at least Berlusconi is entertaining.  It's like Jersey Shore written on an entire country.

Mon, 02/25/2013 - 11:26 | Link to Comment malikai
malikai's picture

Dear Italy (Lombardia, because the rest of you don't count anymore), DO NOT VOTE FOR BUNGA BUNGA.

Signed, EUR, FTSE, S&P longs.

Mon, 02/25/2013 - 11:28 | Link to Comment idea_hamster
idea_hamster's picture

"Italian exit polls are notoriously inaccurate"

In a way -- but I have to suspect that Italian exit polls are accurate, but the Italian vote-counting process is ... well ... c'mon -- it's the Italians counting votes!  This can only end poorly.

If anyone can rig an election, it's Bunga Bunga.

Mon, 02/25/2013 - 11:33 | Link to Comment JenkinsLane
JenkinsLane's picture

It's not the votes that count but who counts the votes.

Mon, 02/25/2013 - 11:29 | Link to Comment Sudden Debt
Sudden Debt's picture

Dear Italy,

VOTE FOR BUNGA!

Signed,

Gold.

Mon, 02/25/2013 - 11:54 | Link to Comment bank guy in Brussels
bank guy in Brussels's picture

Belgians too for Bunga Bunga

Berlusconi

Beautiful women

Break-up of the euro

Bring it on sweet bitchez !

Italy I always had faith in you ... have been suggesting it for months here on ZeroHedge ... the Italians can see a financial scam in process better than anyone in Europe ... the euro 'a scam' as Berlusconi has said out loud

When there was an 1800s currency union, the Latin Monetary Union, the Italians broke it up first ...

And now, getting ready to do it again

Bunga bunga bunga !

Mon, 02/25/2013 - 11:20 | Link to Comment lolmao500
lolmao500's picture

REJOICE!! The banksters and the eurocrats could still be kicked in the balls!!

Mon, 02/25/2013 - 11:21 | Link to Comment spastic_colon
spastic_colon's picture

puullleeeze

Mon, 02/25/2013 - 11:21 | Link to Comment buzzsaw99
buzzsaw99's picture

You can have my answer now senator...

Mon, 02/25/2013 - 11:29 | Link to Comment lolmao500
lolmao500's picture

My final offer is this: nothing. Not even the fee for the gaming license, which I would appreciate if you would put up personally.

Mon, 02/25/2013 - 11:23 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Welcome to the insane asylum.

All roads lead to the same destination.

Mon, 02/25/2013 - 11:24 | Link to Comment Edward Fiatski
Edward Fiatski's picture

Good thing I piled even more into EUR at 1.33. :)

BUNGA-BUNGA, bitchez.

P.S. http://tg24.sky.it/tg24/speciale_elezioni/politiche/2013/senato/risultat...

Luigi Bersani          248    32,36%
Silvio Berlusconi      218    28,44%

In other news, UK 10 yr keeps rising to 2.14%.

Mon, 02/25/2013 - 11:22 | Link to Comment Voice_Of_Unreason
Voice_Of_Unreason's picture

It would be so cool to see Berlusconi bend the Eurocrats over a barrel and bunga-bunga them.

Mon, 02/25/2013 - 11:26 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

These theatrics just lend plausible deniability to the insanity. We understand where this is all going. The idea is to create doubt in order to gain extended game play.

Mon, 02/25/2013 - 11:34 | Link to Comment Sudden Debt
Sudden Debt's picture

TO BAD I PIRATI ISN'T WINNING!

 

Mon, 02/25/2013 - 11:45 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

How about Berlusconi doing the bunga bunga with unsuspecting meter maids.

https://www.youtube.com/watch?v=jQtL5FYvgVg&feature=player_embedded

Mon, 02/25/2013 - 11:23 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

Dow 36,000......

Mon, 02/25/2013 - 11:24 | Link to Comment poor fella
poor fella's picture

"priced in"

*fixed*

Mon, 02/25/2013 - 11:24 | Link to Comment Shizzmoney
Shizzmoney's picture

I hope he picks Mario Balotelli as his Secretary of the Vaginas

Mon, 02/25/2013 - 11:25 | Link to Comment Mutatto
Mutatto's picture

A little Bunga Bunga goes a long way.

 

Mon, 02/25/2013 - 11:25 | Link to Comment Grimbert
Grimbert's picture

Grillo's a close 2nd and Bersani's third at the moment:

http://tg24.sky.it/tg24/speciale_elezioni/politiche/2013/camera/risultati.html

 

 

Mon, 02/25/2013 - 11:25 | Link to Comment Ponzi
Ponzi's picture

Just bring back Ruby Heartstealer.

Mon, 02/25/2013 - 11:26 | Link to Comment fuu
fuu's picture

"BERLUSCONI COALITION LEADING SENATE IN SICILY: LA7 PROJECTS"

Is Sicily like Italy's Ohio?

Mon, 02/25/2013 - 11:28 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Diebold says YES!

Mon, 02/25/2013 - 11:33 | Link to Comment Yancey Ward
Yancey Ward's picture

Philadelphia.

Mon, 02/25/2013 - 11:26 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

From the Chicago Tribune:  Dewey defeats Bunga! 

Mon, 02/25/2013 - 11:27 | Link to Comment Black Markets
Black Markets's picture

It would be very funny if Berlusconi gets anywhere near power after he was so rudely ousted by Merkozy. Where is Sarkozy anyway?

I would love to read Angela Merkel's letter offering her congratulations on his election victory, should he ever regain power.

Mon, 02/25/2013 - 11:28 | Link to Comment HD
HD's picture

Former President Al Gore isn't buying it...

Mon, 02/25/2013 - 11:29 | Link to Comment williambanzai7
Mon, 02/25/2013 - 11:31 | Link to Comment Edward Fiatski
Edward Fiatski's picture

FORZA ITALIA, bitchez.

Banzai, we need one similar poster with young girls, that are actually 18*.

*For legal reasons.

Mon, 02/25/2013 - 11:36 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Bill, are you planning on creating any additional Limited Edition Prints for sale soon?

Mon, 02/25/2013 - 11:30 | Link to Comment thismarketisrigged
thismarketisrigged's picture

go berlusconi. i hope u win this thing.

 

send the markets tumbling and the bankers losing there shirts. fuck them all.

Mon, 02/25/2013 - 11:36 | Link to Comment HD
HD's picture

So say us all.

Mon, 02/25/2013 - 11:30 | Link to Comment Glass Seagull
Glass Seagull's picture

 

 

"Le palle al muro!"

Mon, 02/25/2013 - 11:30 | Link to Comment nobusiness
nobusiness's picture

Why does this matter to the S&P 500???? Or the Russell 2000??

Mon, 02/25/2013 - 11:45 | Link to Comment Glass Seagull
Glass Seagull's picture

 

 

A Bunga win means Italy returns to the days of economic efficiency, political transparency, and 16-yr. old Moroccan hookers.  Thus, there's no way that Italy is at risk of becoming a fresh catalyst for another bout of EU crises...no way at all.

 

 

Mon, 02/25/2013 - 11:47 | Link to Comment nobusiness
nobusiness's picture

Oh, more hookers.  got it.

Mon, 02/25/2013 - 11:32 | Link to Comment Jason T
Jason T's picture

my ulcer ... 

Mon, 02/25/2013 - 11:37 | Link to Comment Mugatu
Mugatu's picture

Why can't the US candidates be as entertaining?  Can't we get some crazed idiot running for President ?  I want a guy who is absolutely out of control.  Wouldn't it be funny to have a President/candidate with a major sex scandal.  Maybe he should even be accused of getting a blow job in the oval office.....oh wait.... we have had that.

I guess the Italians voting for Berlusconi are more like Americans than we thought.  Trust me, if Obama got caught doing something very un-Presidential, 47% of America would still vote for him.

Laugh at the Italians all you want, but it just isn't that different here in the U.S.

Mon, 02/25/2013 - 11:40 | Link to Comment HD
HD's picture

"Can't we get some crazed idiot running for President ?"

http://www.kulturekritic.com/wp-content/uploads/2012/10/22/donald-trump.jpg

Mon, 02/25/2013 - 12:56 | Link to Comment Mugatu
Mugatu's picture

That's a great picture of Donald Trump!  His hair looks like fine goose down feathers - its glorious!

Mon, 02/25/2013 - 12:36 | Link to Comment Shell Game
Shell Game's picture

@ post from circa 2011, re: "Trust me, if Obama got caught doing something very un-Presidential, 47% of America would still vote for him."

 

It's 2013 now, and you were exactly right....

 

Mon, 02/25/2013 - 11:45 | Link to Comment Edward Fiatski
Edward Fiatski's picture

Looks like results are in, somewhere, since EUR is in free-fall. :)

http://tg24.sky.it/tg24/speciale_elezioni/politiche/2013/senato/risultat...

Mon, 02/25/2013 - 11:38 | Link to Comment Ribeye
Ribeye's picture

Haaaaaaaaaaaa:)

I fckn love it, nice work my Italian buddies,

Burn you EU scumbags, burn,

A celebration dinner of Spagettii Bologneighs and Chianti I think,

Yipee:)

Mon, 02/25/2013 - 11:43 | Link to Comment IridiumRebel
IridiumRebel's picture

Bologneighs

"...My wife will have the Quarterhorse Cavatelli and I will have your pony Gnocchi. That will be our mane course."

Mon, 02/25/2013 - 11:58 | Link to Comment Ribeye
Ribeye's picture

"mane course" lol:)

I salute you sir,

Mon, 02/25/2013 - 11:40 | Link to Comment the not so migh...
the not so mighty maximiza's picture

With a Bunga Bunga message he wins.

Mon, 02/25/2013 - 11:49 | Link to Comment Edward Fiatski
Edward Fiatski's picture

All the men who voted, secretly hope to be as frisky as Silvio when they're his age. :)

Mon, 02/25/2013 - 11:41 | Link to Comment IridiumRebel
IridiumRebel's picture

Please win.....please help collapse this bitch. 

Mon, 02/25/2013 - 11:43 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

So which one of these guys is from Kenya?

Mon, 02/25/2013 - 11:48 | Link to Comment dragoneyes74
dragoneyes74's picture

The Euro short this morning was a perfect technical retracement up to the downtrend line around 1.3320 from the big breakdown of the uptrend line last week that dates back to last summer.  This should hold but election results may influence it, so if it breaks thru that downtrend line near my entry with any force I'll look to exit.  I think the dollar will make it to 83-ish, which would put the Euro somewhere around 1.28-ish.  

 

Mon, 02/25/2013 - 11:53 | Link to Comment Super Broccoli
Super Broccoli's picture

woooooooooops !

FUCK EUROPE :-)

Mon, 02/25/2013 - 12:00 | Link to Comment Curtis LeMay
Curtis LeMay's picture

Not only the Senate:

Update at 10:37 a.m. ET: New polls from Sky News indicate that investors may have been fooled: Berlusconi has taken the lead in the latest read-out on the elections with 31% of the popular vote. Bersani’s center-left party trails with 29.7%, and Monti lags even farther behind with 8.2% of the popular vote. The Italian FTSE MIB has fallen sharply, back to +0.5% +0.2% for the day.

http://qz.com/56410/bersani-has-the-lead-in-italian-election/

 

Avanti Berlusconi!

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