Goodbye 9 Handle: BTP Collapses To 89.5, Down 4.3% On The Day; Next: Bidless?

Tyler Durden's picture

Did we miss the announcement from Italy where it said it is following Netflix into full business model suicide? Because the 10 Year just imploded. It is now time to panic.

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Sequitur's picture

And right now on CNBC: MF Global NOT in compliance with customer segregation requirements, according to CME Group. Customers = fucked.

Assholes like ex-Goldman CEO Corzine is everything that is wrong with these bullshit markets.

paarsons's picture

But we all know the score.

We're in the next Great Depression.  Stocks will go up and down till the next World War.

Times change but people don't.

My advice?  If you're a young man, don't join the army.

Being poor sucks.  But it's better than being dead.

kridkrid's picture

In fact, if you are a young man, look into becoming a priest or a paster of some church somewhere that offers such a thing over the interwebz.  Not a joke.

Miss Expectations's picture

Don't get your High School or Equivalency Diploma.  Not a joke.

RichyRoo's picture

most people can survive shooting off a little toe, do it near a hospital, but wait till the last minute :)

Ted K's picture

I was going to give you your 9th + for comment, then I realized, you were watching CNBC.

Snidley Whipsnae's picture

"I was going to give you your 9th + for comment, then I realized, you were watching CNBC."


I gave em a +.......... an occasional report read here is far better that all of us being subjected to the CNBC bs spin machine every day, eh?

rosex229's picture

so italian yields are blowing up, and greece is slatted to hold a referendum. there isn't much world leaders can do at this moment since the referendum will make the next 8 billion euro aid tranche useless... although they'll give it to them anyway. also concerning the g20 summit, which is really a fundraising drive for the efsf, whose going to want to throw billions into a fund thats main investments are a country contemplating hard default, and soon to be imploding italian bond market. the italian bond market is the 2nd largest on earth,  the efsf hasn't actually been leveraged yet, and at this point cant possibly raise the sums of money they'd like to from foreign investors. looks like they're stuck with whats left of the recently approved uly 21st amount in the efsf, which is no where near enough for italy. whats worse, if they use those funds before they leverage the efsf they'll only have a few dozen euros left to leverage... uh oh

criticaster's picture

Quite right. How can anyone seriously believe that people are going to invest in the EFSF against this backdrop. This whole thing is screwed on so many levels.

criticaster's picture

Quite right. How can anyone seriously believe that people are going to invest in the EFSF against this backdrop. This whole thing is screwed on so many levels.

Mike2756's picture

Adding fuel to the fire today. The Bernank just needs to step back and let it play out, he's not going to stop it.

sunnydays's picture

Research on MF Global - including them saying they don't comingal clients money.  Cramer is on CNBC defending Corzine tremendously! 

They advised the G20 and invested Chinese governments money.  Ranked number one on Comex, MF Global was huge.

disabledvet's picture

he'd better start talkin'.

mirac's picture

roll out the Guillotine...

achmachat's picture

tuesday, bloody tuesday....


edit: then again... we knew things are broken. We were just waiting for the moment somebody tells the emperor he's in his undies...

CClarity's picture

They call it Day of the Dead for a reason - Dia del Muerto, Dan Mrtva, etc . . . Wonder if the Italians and Greeks "celebrate" it.

Watch the long end Treasuries and FX for the big votes, PMs for liquidations.  Even nat gas giving signals.

Ghordius's picture

"Wonder if the Italians and Greeks "celebrate" it"

Yes, nobody in the office in Italy. Hence no italian market.

srsly-wtf's picture

From now on everyone wears their underwear on the outside to preserve our precious bodily fluids!!

Joeprimo55's picture

November 1st - Another Paradody of the day

"The Day the Euro Died"


littleguy's picture

brace brace brace... forget it eject eject eject

1835jackson's picture

Wow....shite is now hitting the fan.

littleguy's picture

Not even a proverbial fan. The ACTUAL fan.

LawsofPhysics's picture

Bullish for fan repair men and my manure piles.

cossack55's picture

Cue Hugh Hendry.

sagerxx's picture

"I suggest you Hendry."

lizzy36's picture

Ben is firing up the printing presses.

QE3,4 and 5 to be announced concurrently.


cossack55's picture

WW3. Cool. Who is playing for which team?

i-dog's picture

I'm transitorily busy ... can someone take my place? Thanks.

kridkrid's picture

The bankers will decide for us.  It will then be up to the "intelligence" agencies to tell us what the ism is that we are at war with.  It will then be up to the media inflate said villains.  Our job is to get really scared and very patriotic.

daily bread's picture

also ... vote for the next puppet POTUS

srsly-wtf's picture

Very bullish for ink and paper....

ElvisDog's picture

QE3,4 and 5 to be announced concurrently

Really? And the money goes to Europe? Because that's where it's needed at the moment. Italy will need at least $1T to fill the sinkhole that is opening up below it. You think Ben Bernanke, and by extension Barack Obama, is going to go forward with a $1T loan/gift to Italy 12 months before the elections? I think not.

kridkrid's picture

This doesn't have anything to do with Barack Obama.  The central bank will do what it wants to do.  If it wants TSTHTF now, it will use "politics" as cover to not move forward with QE3, 4, 5, etc... Our political system is designed to keep 300 million people in the dark over who has real power.

ElvisDog's picture

Whether it really does or doesn't is irrelevant because it's perceptions that matter. During the debt ceiling standoff, the Republican/Tea Party claim was that Obama and the Dems were irresponsible with government spending and the deficit. Now fast forward to the present and Bernanke is goign to funnel hundreds of billions of dollars overseas at a time of massive deficits, high unemployment, and reductions in government services? How do you think that is going to play out domestically? Obama will have to take a stand for or against this new bailout because he is the President and because he nominated Bernanke for another term as Fed chief.

kridkrid's picture

My point on politics being the way to keep 300 million people in the dark... everything you paint there is the theatrics around which levers are created to pull when needed.  I tend to lose a lot of people when I go here... because, quite rightfully, anything can be painted in to fit the conspriratorial landscape.  And to be sure, I don't believe everything is closely choreographed.  For example, I don't know that I believe the Tea Party was 100% created to be the tool of the banker's austerity movement... but somewhere along the line it became that.  The Tea Party has been corraled to the point where it can be used. 

At the end of the day, if they ask Obama to take a stand for the new bailout and for QE3, 4 and 5, Obama will do the job asked of him.  Just like the dove-ish candidate has become an uber-hawk president.

Zola's picture

The emissary from Barrosso came and he was thrown into the well ... 

Yellowhoard's picture

It's OK Greece is going to bail them out.

ghengis86's picture

In before rule 48

Irish66's picture

All souls day or all saints day

lizzy36's picture

You know who doesn't have a halloween hangover: KYLE BASS

Note to self's picture

Money - Its a gas

Grab that cash with both hands 

and make a stash

snowball777's picture

Money so they say
Is the root of all evil to-day