A Week In Italian Banking Stocks

Tyler Durden's picture

In case investors in the US were lulled into believing that since the Dow is limping higher, after a full-court-press open-mouth-operations week of jawboning from the Fed, that all is well again; we present, the Italian banking system. In the last week, stocks in this sector have had 8 swings of approximately 6% up or down. Still think all is well in the world of highly-levered high-beta risk bets? Mint Partners' Bill Blain explains why European banks are collapsing...



Wondering why? Mint Partners' Bill Blain explains (at 2:20 - though the entire clip is worthwhile)...


Chart: Bloomberg

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Bearwagon's picture

Scendere il mio prato!

swanpoint's picture

Ag & Au reverse.. silver big

buzzsaw99's picture

I would give my Euros to Jon Corzine for safekeeping before I would put them on deposit at a euro bank.

walküre's picture

Europe has brilliant politicians? Say no more.

Bearwagon's picture

That should possibly mean that you could buy massive amounts of very big brilliants with the sort of money these suckers get for doing exactly jack shit!

Al Huxley's picture

Anybody who owns or has owned mining stocks would KILL for that kind of performance.

fonzannoon's picture

I am so fucking excited one of my silver miners is up 8% to around $3 (down from $9 where I own it).

Al Huxley's picture

Same, one of my gold stocks is up 10% today (after falling 35% in the past week). 

garypaul's picture

Just a guess: is it NG?

PersonalResponsibility's picture

OT:  Etrade one day charts are having a really hard time tracking the moves in PM ETFs today; gaps everywhere.  Reminds of those horrible years trying to trade this rigged market before I knew it was rigged.  fuck'm.

LawsofPhysics's picture

Blah, blah, blah...

paper promises and "mark to fantasy" everywhere...

In a "debt is money" banking system, sovereign and corporate debt must expand or the whole ponzi explodes.

Don't think beyond that and hedge accordingly.

Dr. Engali's picture

She is right the fed is trying to buy time. Time for the insiders to get out, time for the police state to gear up, and time for plan "B" a new world currency.

nmewn's picture

Ultimately, I believe thats what they want...one world currency & government.

Then they can pass any ridiculous law and there is nowhere to run, nowhere to hide. Unless of course, they're looking for nmewn and not Ralph Lastanski ;-)

Dr. Engali's picture

LOL I knew a Ralph Lastanski once. Nice guy ..a real radical. He was tossed into a FEMA camp because he believed in a silly thing called the constitution.

disabledvet's picture

"Ben Bernanke has been fired." nuff said. move along. i'm surprised everyone here isn't celebrating actually...

NoDebt's picture

What if the "big boys" do a nightly sweeep into banks elsewhere (US, Canada, Australia, Saudi Arabia, whatever) and then return the money again in the morning? 

I'm telling you, the big players know this danger probably better than anyone here on ZH and they're not stupid.  They have had enough time since Cyprus to figure out their "protection strategy."  I just wonder what it is.

U4 eee aaa's picture

putting a condom on their heads

just remember these are the same big boys that brought us to this precipice (when they could have managed things right and brought peace and safety to the world) and were shocked a few years back when people were smashing out the windows of their Mercedes.

Don't assume that because they are powerful, rich or even smart, that they have common sense and an understanding of what the crowd will do (since a lot of these theories are untested). A lot of these folks still think people will bow down to a bond when they are told they owe their lives and their families lives to pay it off. At some point these people are going to realize they are slips of paper. Just like Iceland did

fonzannoon's picture

Look at the carnage from these collateral/margin calls.

The horror the horror.

disabledvet's picture

"God help me but i do love it so."