Liffe Next Exchange To Break, Suspends Bond, Index And Swaps Products

Tyler Durden's picture

The collapse in the global Ponzi scheme is intensifying. Liffe down next, even as the FTSE MIB has reopened, only to plummet to 5% down for the day with Unicredit and Intesa halted yet again. We expect Italy may not reopen tomorrow.

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firstdivision's picture

WTI now below $90, QE3 is about a certainty by my hypothesis at this point.

malikai's picture

Agreed. Below $88 guaranteed. Below $75 ideal. Which means S&P at 1100 or 1000 ideally.

Ahmeexnal's picture

but...but...."the euro is freegold"

firstdivision's picture

We still need a decline of about ~4% in equities to totally seal the deal (looking at last year as a guide), which I have faith they will achieve by next Monday.

rocker's picture

S&P @ 1167 is next support.  Check out miner index. They are selling everything.

McConnell wanted sentiment in the can and he got it. Broker said everybody is in cash only.

Cantor is happy too since he is shorting everything. Must be nice to bet on your own vote to destroy the US economy. 


malikai's picture

<-- Serious business.
<-- Meh, it sure is hot in Texas.

Greater Fool's picture

This has the makings of a memorable day...and not in a good way.

malikai's picture

Crashes sure do seem to like Thursdays. Fridays too, for that matter.

GeneMarchbanks's picture

'We expect Italy may not reopen tomorrow.'

Or ever for that matter. Whhheee! This is fun!

zorba THE GREEK's picture

Italian president to aide; "Bring me my brown pants"

MIL123's picture

LOL very funny
but first the yellow and w'll finish with the red.

jus_lite_reading's picture

And so it begins...

this time it is day 1 of the end...

the world has 30 days left from today...

I love ZH and hope it will always be around...

GeneMarchbanks's picture

... and it will be. Fear not, ZH won't lose its appeal as the Rapture proceeds. It'll remain. It shall reign.

Global Hunter's picture

30 days is specific, I won't accuse you of being vague.

Manthong's picture

Geez, I was told we had until October.

Manthong's picture

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ZeroPower's picture

Lol US 10yr at 2.5%

Credit markets in CEE all nasty.

zorba THE GREEK's picture

Bernanki is probably bailing out EU now. All in secret, of course.

franzpick's picture

QE3 alright; Quantitative Explosion.

fuu's picture

Is this exchange run by Douglas Adams and John Lloyd?

Spitzer's picture

Bullion bank hoiliday imminant. Good luck buying physical.

malikai's picture

I don't think I would count on it. Right now there looks like a takedown setup on silver. The silver/wti ratio has collapsed over the last week to < 2.15 from about 2.4. I smell a rat and think metals are about to trade places with oil.

But I think you're right on the longer term. Once the time bought with the takedown is expired, availability of metals may very well be expired also.

Ratscam's picture

look at platinum trading at 1740, close to the price of gold.
2008 it was silver, then platinum that gave way before gold.
could platinum be the harbinger of a soon to be mini-crash in silver and gold?
Your opinions other than holding it physically?

malikai's picture

I can't say really. Options seem like the way to go, presuming the world doesn't end and you can get good premiums. As I write this, I'm watching silver in a standard takedown. The play is underway right now. Silver/WTI ratio looks like it's about to reverse as well. Heh. 

caerus's picture

lol alert from broker says LIFFE products suspended for trading due to "technical problems"

Hobbleknee's picture

Dominoes, bitchez!

Greater Fool's picture

Anybody watching spot gold right now?

toto's picture

No but I m watching now.

hedgeless_horseman's picture

Fiat (the company) down 10% today. 

GeneMarchbanks's picture

and your point is... ? Have you been inside of Fiat? It's like being inside  Fred Flinstones "car", it also manages to be airtight while smelling like an unwiped asshole.


Marcuz Aurelius's picture

Time to put on some Epic Music to accompany the EPIC unwinding of this scheme ! Executed by the bavarian orchestra in 1989.

Dies irae, dies illa, Solvet saeclum in favilla (

Enjoy Bitchez !

Downtoolong's picture

I never thought I would say this, but, can we get Congress to start debating the debt ceiling again? Markets were so much better way back then, when everyone was distracted from reality. BTW, is Cramer still recommending that everyone buy equities this week?

Save_America1st's picture

Kabooooom Bitchezz!!!

Printfaster's picture

When I heard Liffe, I thought you meant the Liffey.

As I recall, the Liffey exchange was punts for pints. Just what are these idiots in the Liffe exchanging?

r101958's picture

Yep, this is all theater. Take down all commodities and stocks, blame the Eurozone then start QE3. Courtesy of the Fed, TBTFs and the RA's.

accumbens's picture

At last!!!!! stock market is realistic for once.

Frank N. Beans's picture

is this what panic smells like? 

Doyle Hargraves's picture

Partially I guess, here is what victory smells like!

chinawholesaler's picture

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