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Berlusconi To Resign After Passage Of 2012 Budget... Some Time In The Future

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Tue, 11/08/2011 - 14:49 | 1857450 transaccountin
transaccountin's picture

and this does what?

Tue, 11/08/2011 - 14:51 | 1857476 rosex229
rosex229's picture

Yay! italian bond yields will fall to where they were a week ago to levels that were at the time records.

clearly the world is saved.

Tue, 11/08/2011 - 14:55 | 1857510 Jay Gould Esq.
Jay Gould Esq.'s picture

How many "governments" does this make for the Repubblica Italiana since 1945 ? 

66 ? 

Tue, 11/08/2011 - 14:59 | 1857540 TruthInSunshine
TruthInSunshine's picture

One might be led to question whether the scientists acted wisely in presenting the statesmen of the world with this appalling problem. Actually there was no choice. Once basic knowledge is acquired, any attempt at preventing its fruition would be as futile as hoping to stop the earth from revolving around the sun.

— Enrico Fermi

'Atomic Energy for Power', Collected Papers (Note e Memorie) (1939-1945), Vol. 2, 556

Tue, 11/08/2011 - 15:02 | 1857567 Ahmeexnal
Ahmeexnal's picture

POMPINO!

Tue, 11/08/2011 - 15:06 | 1857593 Mugatu
Mugatu's picture

ciao bitchez!

Tue, 11/08/2011 - 15:21 | 1857647 Manthong
Manthong's picture

Bullish .. it.

Bloomberg:

"U.S. stocks rose for a second day and the euro strengthened as Italy’s president said Prime Minister Silvio Berlusconi has agreed to resign,"

http://www.bloomberg.com/news/2011-11-08/euro-weakens-a-third-day-before-italy-vote-as-japan-shares-fall-on-olympus.html

 

Tue, 11/08/2011 - 15:22 | 1857656 redpill
redpill's picture

I still don't see why this is a positive sign for the markets.  The Italian Parliament is unlikely to be able to form a majority government and who knows what would result from elections in January.  I guess the short-term austerity package is all the market cares about, but it seems like stupid myopic enthusiasm to me.

Tue, 11/08/2011 - 15:26 | 1857676 Raskolnikoff
Raskolnikoff's picture

all signs are bullish and all the real players are gone, the stock market is simply a sponge used by government to fund its mad scientist like dreams of political utopia

Tue, 11/08/2011 - 15:49 | 1857789 moneyline
moneyline's picture

As long as it causes more delays, it is positive. I have come to find out through being bearish and losing my ass in the market that the actual news matters very little since it is usually all rumor, empty promises and innuendo. It is all a matter of how the news is spun and liberal amounts of printed/computer generated fiat currency pumped into the markets. Throw in some algobots with a positive bias and presto! You have a year-end melt up rally! Hooray beer!

Tue, 11/08/2011 - 16:50 | 1858130 redpill
redpill's picture

I appreciate the Red Stripe shout out at the least!

Tue, 11/08/2011 - 15:00 | 1857546 Hard1
Hard1's picture

G Pap told him about the island he is retiring and the ammenities.  Berlusconi can't wait to quit.  Zapatero joining soon.

Tue, 11/08/2011 - 15:11 | 1857621 wisefool
wisefool's picture

It will be interesting to see the point were a product of bunga bunga tries to reclaim his maybe fathers throne.

maps.google.com

Tue, 11/08/2011 - 15:57 | 1857862 NotApplicable
NotApplicable's picture

But the island isn't finished yet!

http://principalityofnewutopia.com/

Tue, 11/08/2011 - 15:03 | 1857553 hambone
hambone's picture

But "this time it's different"...all those hard choices Italy (and US) always put off, all those structural reforms that were politically untouchable, all those unneccessary gov workers...well there gone - it's all taken care of now and we'll grow our GDP at 5X's the average to boot.  Of course it's rally time.

Tue, 11/08/2011 - 14:57 | 1857530 kaa1016
kaa1016's picture

I agree. Each day I become more and more amazed at how stupid people really are. What exactly does this do? They still, never mind. This is not a rational thinking market with rational thinking people. This is going to end very badly....

Tue, 11/08/2011 - 15:00 | 1857533 ZerOhead
ZerOhead's picture

No no no... a terrible mistake has been made.

Berlusconi meant to say re-sign not resign.

Apparently he meant to say he is going to be re-signing himself up one more five year term as Prime Minister.

Tue, 11/08/2011 - 15:18 | 1857634 oogs66
oogs66's picture

he was the reason people were selling italian bonds?  yeah, right :D

Tue, 11/08/2011 - 15:26 | 1857675 Unprepared
Unprepared's picture

Keyword here is "after": an open-ended preposition.

Tue, 11/08/2011 - 14:52 | 1857481 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It means that soon Silvio will be free to pay for underage prostitutes without public scrutiny.

Tue, 11/08/2011 - 15:05 | 1857585 Ahmeexnal
Ahmeexnal's picture

Are you saying he's going to become a catholic priest?

Tue, 11/08/2011 - 15:29 | 1857685 alien-IQ
alien-IQ's picture

No...he likes girls.

Tue, 11/08/2011 - 15:31 | 1857708 Idiocracy
Idiocracy's picture

and priests NEVER pay for it

Tue, 11/08/2011 - 15:35 | 1857734 Raskolnikoff
Raskolnikoff's picture

You must not be Catholic, as you must have been asleep these past few decades...priests or ministers or any religious leader getting a pass, like any Republican or conservative remotely connected to anything gets a pass...LOL, either you're Rip Van Winkle or simply plain stupid. In regards to anything sexual, this whole country and culture has become stuck in adolescence which mirrors our governments and central banks ideas about the stock market perfectly

Tue, 11/08/2011 - 15:07 | 1857601 i root for that...
i root for that fat jersey governor's picture

it is a shame that his "hot" cabinet members might leave with him. dude, some of them are really nice looking chicks.

Tue, 11/08/2011 - 14:52 | 1857484 NotApplicable
NotApplicable's picture

Condemns the average Italian to poverty, while Bunga-Bunga heads for the exits, quick!

Tue, 11/08/2011 - 15:26 | 1857672 Ethics Gradient
Ethics Gradient's picture

Nearly. Bunga bunga has a week to plan which exit to take from parliament to ensure he's not arrested then how to get to the plane and to ensure he has a stack of shiny yellow metal prepositioned at his favoured destination.

Tue, 11/08/2011 - 14:52 | 1857485 HelluvaEngineer
HelluvaEngineer's picture

Guns the market into the close...

Tue, 11/08/2011 - 14:53 | 1857495 Chuck Bone
Chuck Bone's picture

Hide your daughters, hide your wife...

Tue, 11/08/2011 - 14:55 | 1857508 fuu
fuu's picture

...they rapin' everybody out here!

Tue, 11/08/2011 - 15:07 | 1857600 Odin
Odin's picture

lol!

Tue, 11/08/2011 - 15:10 | 1857615 Odin
Odin's picture

lol!

Tue, 11/08/2011 - 14:59 | 1857542 MsCreant
MsCreant's picture

Lock up your back door, run for your life...

http://www.youtube.com/watch?v=pR30knJs4Xk

ACDC

Tue, 11/08/2011 - 15:21 | 1857562 blu
blu's picture

John Fogerty: "You better hide-y hide-y hide -- the old man is down the road."

http://www.youtube.com/watch?v=gsLkb-5NU-o&feature=related

 

Tue, 11/08/2011 - 15:28 | 1857683 Unprepared
Unprepared's picture

And hide your ass as well.

Tue, 11/08/2011 - 14:57 | 1857528 gorillaonyourback
gorillaonyourback's picture

means the austerity laws won't be passed

Tue, 11/08/2011 - 15:02 | 1857565 CrashisOptimistic
CrashisOptimistic's picture

Now THAT would be interesting.

Tue, 11/08/2011 - 15:40 | 1857771 The Deleuzian
The Deleuzian's picture

Interesting analysis....

Tue, 11/08/2011 - 15:02 | 1857561 jdelano
jdelano's picture

Open the window.  I've had enough.  Addio Mondo Crudele.  Time to bow out.  

Tue, 11/08/2011 - 15:21 | 1857650 Schmuck Raker
Schmuck Raker's picture

Can I have your gold?

Tue, 11/08/2011 - 15:02 | 1857564 gorillaonyourback
gorillaonyourback's picture

means the austerity laws won't be passed

Tue, 11/08/2011 - 15:20 | 1857644 Deadpool
Deadpool's picture

First Joe Paterno and now this! where will adolescents go now to become adults?!

Tue, 11/08/2011 - 15:21 | 1857648 onelight
onelight's picture

indeed....what if this is the top for the euro? not guessing just wondering when..

Like a Fellini movie over there...bizarre characters, weird plot twists..too many what the hell is that moments to count..

Here is some insight

http://www.minyanville.com/businessmarkets/articles/italy-government-ita...

Tue, 11/08/2011 - 14:49 | 1857451 Belarus
Belarus's picture

Ah....good for another 1,000 pts on the DOW. 

Tue, 11/08/2011 - 14:51 | 1857467 ZeroPower
ZeroPower's picture

Yes. Action is like yesterday's intraday moves... exactly.

Tue, 11/08/2011 - 14:52 | 1857489 i root for that...
i root for that fat jersey governor's picture

rally monkey is on!!!

Tue, 11/08/2011 - 14:53 | 1857491 i root for that...
i root for that fat jersey governor's picture

rally monkey is on!!!

Tue, 11/08/2011 - 15:05 | 1857577 kengland
kengland's picture

Gold and silver getting freaking hammered. Equities rolling. Shorts frying. Other than gold and silver tanking, pretty straight forward. Market is pricing in some gnarly inflation coming out of this

Tue, 11/08/2011 - 15:27 | 1857679 Deadpool
Deadpool's picture

"hammered"? your thesaurus must be broken. gold over $1800 +25% on the year is a hammering?

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