Contagion Spreads To Europe Amid Spanish Bank Bloodbath As Catalonia Readies Independence Declaration

Tyler Durden's picture

Spanish stocks have given back all of their gains from yesterday's chaotic on-again-off-again headline-hockey surrounding Catalan independence as it appears all but inevitable that the separatists will pull the trigger any minute now.

The contagion has spread to European bank stocks which have tumbled to unchanged on the week...

And Sabadell and Caixa stocks are both slumping...

However, we note that both Spanish and Catalan bond yields are dropping...

And Sabadell and Caixa bonds are rallying...

We can only assume on the back of Draghi's promises yesterday.


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svayambhu108's picture

Wake me when DOW Jones is 4000, Ask Kunstler

peddling-fiction's picture

It is all Catalunya's fault.


LawsofPhysics's picture

The game of dominos?

Try to be optimistic folks!

LawsofPhysics's picture

LOL!  Man, I bet you throw some sick parties Winston.  Someday we need to swap "Hampton" addresses...


...mine is actually in Newport CA.  Probably one of the only good RE investments I ever made...

Winston Churchill's picture

Not into it anymore, but you wouldn't believe the stories I could tell.

Some really wild parties from London to Goa, in the bad old days.

LawsofPhysics's picture

Stockholm and Paris in the 80's...

St. Petersburg in the late 90's..  ..still sell some poultry stocks to these guys.

..indeed, still makes me smile.

agstacks's picture

"Bank Bloodbath!!!" (as stocks trade down to where they were two days ago.)



NoDebt's picture

I got in late on the last thread with this so here's a repost on where things stand at this point....

"Catalan Chaos Continues As Secessionists Slither Slowly South Towards "Sorry, Please Save Us From Ourselves."  Rajoy Readies Retaliation Response."

Update to original post:  "Banks Bumping Bottom Based On Bad Burp In Brussels."


OverTheHedge's picture

Alliteration always aims at ailing allegory and anticlimactic antistrophe.

Or something.

Internet-is-Beast's picture

You're right about the clmate change part, which is the ultimate reason for these contageous outbreaks.

PontifexMaximus's picture

it looks very greek to me, lot of noise, nothing will happen in the end.

wmbz's picture

"Contagion"   Nah, "they" have an app for that. All will be just rosey very soon.

Oldwood's picture

Not holding my breath on any of it.

bshirley1968's picture

Methinks someone is using the headlines to take advantage of the seesaw volatility.  Of course that "someone" can front run the headlines since they are making them.

Give it a few hours and the negotiations will be back on for another vote in catalonia.   Blah, blah, blah and stocks will "surge".

Jtrillian's picture

Doom porn with choppy charts.  There is no contagion at this time.

When multiple European markets are down 10% with bond yields spiking, then we can legitimately start talking about contagion.  Until then, it's business as usual. 

shamus001's picture

I agree.  As for flip-flopping, to avoid the lynch-mob, Im of the thought his *ss was going to go away for a loooong time, so might as well fight jailtime with an armed mob at your back! Lol

That is...they better get armed REAL quick before the spanish tanks roll over all of the progressive hipster European rebels!

LawsofPhysics's picture

"progressive hipster European rebels" --  LOL!  just trying to picture these "men" trying to fight in those pants...

At least the Viet Cong had an outfit that was practical for the fight...

Don Diego's picture

no need for tanks, the Catalan police will show their worth to the new management. They know Spain controls the payroll, the ones not following orders will not get any salaries. Of course a few might rebel but their own compadres will take care of them.

Tsipras the Great's picture

Goddamn muthaf***** TV cable providers, this movie was playing yesterday

Fuck this, I'm going back to my nothingburger

Internet-is-Beast's picture

Start with the African Margrave virus epidemic and go from there. Must be some refugees who shipwrecked off the coast of Catalonia. You read it here on ZH first. profilactic /sarc

bshirley1968's picture

Huge advantage for government; they get to send blind believers to die for the government's cause, while you rebels have to do your own dying.


Hongcha's picture

BBVA down 4%, SAN down 3%.  May add here.