Italian Bonds Plunging: ECB Intervention Imminent

Tyler Durden's picture

After intervening for 3 days out of 3, Italian bonds have just taken out all recent lows and threaten to drag the entire Italian, and thus European market with them. We expect an ECB intervention any second or else the bottom is about to fall out of the market. Highlighted are all previous ECB (money losing) interventions.

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Harlequin001's picture

Luv it when a plan comes together...

There is a plan, isn't there?

gojam's picture

The EU are using the new revolutionary Bistromathics!

That explains a) Why those of us using Mathmatics don't understand and b) All those 5 star restaurant bills the taxpayer had to pick up during the last 40 years of EU/CERN "research".

A full explanation of Bistromathics can be found here -

After the development of Bistromathics it was only a small jump to Bistronomics.

FinHits's picture

Euromafia to the rescue: "I'm gonna make him an offer he can't refuse"

"... ehh... naah"

"I'm gonna make him another offer he can't refuse"

"... ehh.. next time maybe"

[repeat ad infinitum]

Ancona's picture

Pull the fucking rip cord Guido!!

Harlequin001's picture

Is this where Mutley goes 'eek, eek, eek shahslefackum, shashlfacum..."

and the wings come off...

jdelano's picture

OMFG--it must really be ending!  Look what just popped up FRONT PAGE on Bloomberg:



Now ZH is going to have to help bring down the socialists.....

MillionDollarBonus_'s picture

It's the only solution to give POWER BACK TO THE PEOPLE. Socialism is the will of the younger trendier generation and nothing will stop them. The progressive revolution is finally here, and we can finally give more power to the government to allocate resources efficiently. Corporations need to be guided by smart, well-meaning politicians who are able to make better decisions than the corporations themselves.

Harlequin001's picture

which we don't have, and never did. Stop dreamin'

jdelano's picture

that's better.  a little ad absurdium... 

Harlequin001's picture

Honestly, which orifice is this coming out of - 'POWER BACK TO THE PEOPLE. ... and we can finally give more power to the governmen' !!!

I've heard more financial sense from the 'wacky races'...

He's a fucking looney...

Ctrl-Alt-Defeat's picture

"smart, well-meaning politicians"

WTF is wrong with you!!!

Steel_Preacher's picture

You sir,

Need to be introduced to a wall, and a blindfold. After due process of course...

Harlequin001's picture

I don't know, he's probably quite serious, as he places his $10 bets from his welfare check...

and then wonders why he has no money...

jdelano's picture

hmm.  on second thought bonus, they still don't seem to get the joke.  You might have to make it even sillier next time...

Everybodys All American's picture

You could be the problem rather than the solution. No sense of history and in fact no sense at all.

Ethics Gradient's picture

One of the following is true:

a) My sarcasm detector is faulty.

b) There is no cure for your weapons grade fuck-wittery.

Hedgetard55's picture
Standing tough under stars and stripes
We can tell
This dream's in sight
You've got to admit it
At this point in time that it's clear
The future looks bright
On that train all graphite and glitter
Undersea by rail
Ninety minutes from new york to paris
Well by seventy-six we'll be a.o.k.

What a beautiful world this will be
What a glorious time to be free
[ Lyrics from: ]
Get your ticket to that wheel in space
While there's time
The fix is in
You'll be a witness to that game of chance in the sky
You know we've got to win
Here at home we'll play in the city
Powered by the sun
Perfect weather for a streamlined world
There'll be spandex jackets one for everyone

What a beautiful world this will be
What a glorious time to be free

On that train all graphite and glitter
Undersea by rail
Ninety minutes from new york to paris
(more leisure for artists everywhere)
A just machine to make big decisions
Programmed by fellows with compassion and vision
We'll be clean when their work is done
We'll be eternally free yes and eternally young

What a beautiful world this will be
What a glorious time to be free

i-dog's picture

LOL ... -21 already. Like shooting fish in a barrel....

Harlequin001's picture

My all time best is -85...

Quixotic_Not's picture

OWS is blocks from where I work (no, not in financial mafia) and I was for a short time a member of it...when I thought there might be hope to stopthe tyrants with the RULE OF LAW...

I can't speak about the other locations across the nation (I have no interest/affiliation with Europe et al.), but what I see happening at OWS Manhattan is scary, if you care about the AMERICAN experiment, because there are -0- AMERICANS @ OWS.

Have you read the book Animal Farm?  If not I suggest you do it asap if you want to understand where this is headed...

When you see the likes of Karl Dickinger calling for violent revolution, it is truly time that the adults pay attention before the children burn the house down!


jdelano's picture

heheh, and who, in this version, plays trotsky?

Quixotic_Not's picture

Based on my personal experiences in the kamp, I'd say Obummer...

OWS= Obama/Stalin 2012

flacon's picture




Josh Randall's picture

In the article:  "Blood, who worked at Goldman Sachs Group Inc. (GS) for 18 years before starting fund manager Generation with former U.S. Vice President Al Gore in 2004"

So an Al Gore lackey from Goldman Sux is trying to sway people to the Michael Moore way of thinking. We don't even have Capitalism, we have state funded auto, banking, airline, insurance, and other propped up industries -- with too big to fails.

Nice spin job Blood

Quixotic_Not's picture

Now ZH is going to have to help bring down the socialists.....

Got news for you, the Tyler group have been part of the OWS uprising from the beginning...didn't you know that?

jdelano's picture

I'll let the Tylers field that one, if they're so inclined.  OWS appears to me to be a heterogeneous and at times conflicted movement, though the baseline does seem to be 'this system is fucked'.  

Quixotic_Not's picture

The emails to and from the official OWS organisers... and, globalrevolutionmedia, and other organisers, to and from some big names in the media is interesting........ You can also search the emails yourself.....

I've been reading the emails, and doing searches for different words and terms..... Chilling stuff.


The emails are fascinating, if accurate.

Bill Black. Tyler Durden. And Karl ...

Again, I'm all for an end of crony capitalism, but we can't just look at banks. We have to look at all the institutionalized fraud that has occurred, and the fact that Taibbi, Ratigan, and others from the left ignoring Solyndra is simply a bridge too far for me to get involved until the left gets behind taking down crony capitalism on "green" energy projects as well.

Rynak's picture

Nice, now if only they would ban words like capitalism, socialism, communism, libertarianism and fascism.... from the dictionary..... and just settle with "crapocracy".... they may be at the threshold of fixing anything at all. Because, you know - they'd be forced to discuss what they actually mean :)

Quixotic_Not's picture

Nice, now if only they would ban words like capitalism, socialism, communism, libertarianism and fascism.... from the dictionary..... and just settle with "crapocracy".... they may be at the threshold of fixing anything at all.

It would be nicer if sheeple banned tme from their frontal lobes are solutions to ponder!

Then again, having observed OWS leadership up close and personal, there aren't many totalitarian models the huddled mongrels will follow once you remove divine right of kings as an option...

They certainly aren't interested in restoring this:

The state of nature has a law of nature to govern it, which obliges every one: and reason, which is that law, teaches all mankind, who will but consult it, that being all equal and independent, no one ought to harm another in his life, health, liberty, or possessions ~ John Locke 1690

wombats's picture

They've already banned shorting.  How soon before they ban long sales too and make the bond holders swallow their holdings?

earnulf's picture

How long until they just make them swallow?

Quixotic_Not's picture

Well, T-Direct just announced "New Security Features" that look like THEY'll be banning US Treasury withdrawls shortly, looks like continuation of the pattern to me:

Dear TreasuryDirect Account Holder:

We're committed to providing a secure environment for your investments and personal information.

In a few weeks, we'll be replacing the access card with personalized images, one time passcodes, and computer registration as new layers of security to your TreasuryDirect account.  Continue to use your access card until you're notified within your TreasuryDirect account.

Thank you for using TreasuryDirect.

jmcadg's picture

Race to the bottom

Dr. Engali's picture

Clearly this is a bullish chart.

Harlequin001's picture

You can just see the size of the bounce that's comeing...

srsly-wtf's picture

Cramer says back up the truck!

Dr. Engali's picture

Just an FYI ... I was being sarcastic. My position has been and will remain short.

Harlequin001's picture

FYI, so was everybody else...

i-dog's picture

...except for the three infants that junked him. Americans need an "applause" or "boooo" sign to guide them...

Harlequin001's picture

Yes I have my own little puppy dogs that seem to follow me around hitting the red arrows too...

Nedly66's picture

Isn't the ECB tired of losing money yet?

john39's picture

they might be, if the money was real to begin with.