This page has been archived and commenting is disabled.

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.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 08/04/2011 - 11:09 | 1523858 firstdivision
firstdivision's picture

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

Thu, 08/04/2011 - 11:12 | 1523863 malikai
malikai's picture

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

Thu, 08/04/2011 - 11:24 | 1523910 Ahmeexnal
Ahmeexnal's picture

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

Thu, 08/04/2011 - 11:45 | 1523987 firstdivision
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.

Thu, 08/04/2011 - 11:45 | 1523997 rocker
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. 

 

Thu, 08/04/2011 - 11:10 | 1523859 malikai
malikai's picture

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

Thu, 08/04/2011 - 11:11 | 1523861 Greater Fool
Greater Fool's picture

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

Thu, 08/04/2011 - 11:15 | 1523880 malikai
malikai's picture

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

Thu, 08/04/2011 - 11:10 | 1523862 GeneMarchbanks
GeneMarchbanks's picture

'We expect Italy may not reopen tomorrow.'

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

Thu, 08/04/2011 - 11:13 | 1523874 zorba THE GREEK
zorba THE GREEK's picture

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

Thu, 08/04/2011 - 12:13 | 1524111 MIL123
MIL123's picture

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

Thu, 08/04/2011 - 11:16 | 1523882 jus_lite_reading
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...

Thu, 08/04/2011 - 11:26 | 1523915 GeneMarchbanks
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.

Thu, 08/04/2011 - 11:28 | 1523925 Global Hunter
Global Hunter's picture

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

Thu, 08/04/2011 - 11:39 | 1523962 Manthong
Manthong's picture

dupe

Thu, 08/04/2011 - 11:39 | 1523963 Manthong
Manthong's picture

dupe

Thu, 08/04/2011 - 11:37 | 1523965 Manthong
Manthong's picture

Geez, I was told we had until October.

Thu, 08/04/2011 - 11:38 | 1523968 Manthong
Manthong's picture

Oops! This page appears broken. DNS Error - Server cannot be found


Oops! This page appears broken. DNS Error - Server cannot be found

 

Oops! This page appears broken. DNS Error - Server cannot be found

Thu, 08/04/2011 - 11:11 | 1523864 ZeroPower
ZeroPower's picture

Lol US 10yr at 2.5%

Credit markets in CEE all nasty.

Thu, 08/04/2011 - 11:11 | 1523865 zorba THE GREEK
zorba THE GREEK's picture

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

Thu, 08/04/2011 - 11:11 | 1523866 Doyle Hargraves
Doyle Hargraves's picture

Collapse Bitchez!

Thu, 08/04/2011 - 11:12 | 1523870 franzpick
franzpick's picture

QE3 alright; Quantitative Explosion.

Thu, 08/04/2011 - 11:13 | 1523873 fuu
fuu's picture

Is this exchange run by Douglas Adams and John Lloyd?

Thu, 08/04/2011 - 11:15 | 1523876 Spitzer
Spitzer's picture

Bullion bank hoiliday imminant. Good luck buying physical.

Thu, 08/04/2011 - 11:23 | 1523897 malikai
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.

Thu, 08/04/2011 - 11:31 | 1523937 Ratscam
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?

Thu, 08/04/2011 - 11:51 | 1524017 malikai
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. 

Thu, 08/04/2011 - 11:16 | 1523883 entendance
entendance's picture

our defio70: markets tumbling? let's make a deal...lol

http://www.entendance.com/forums/viewtopic.php?f=9&t=667&p=18543#p18543

Thu, 08/04/2011 - 11:17 | 1523888 caerus
caerus's picture

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

Thu, 08/04/2011 - 11:18 | 1523890 Hobbleknee
Hobbleknee's picture

Dominoes, bitchez!

Thu, 08/04/2011 - 11:19 | 1523893 bania
Thu, 08/04/2011 - 11:19 | 1523896 Greater Fool
Greater Fool's picture

Anybody watching spot gold right now?

Thu, 08/04/2011 - 11:28 | 1523922 toto
toto's picture

No but I m watching now.

Thu, 08/04/2011 - 11:22 | 1523906 hedgeless_horseman
hedgeless_horseman's picture

Fiat (the company) down 10% today. 

Thu, 08/04/2011 - 11:30 | 1523933 GeneMarchbanks
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.

 

Thu, 08/04/2011 - 11:24 | 1523912 Marcuz Aurelius
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 (http://www.youtube.com/watch?v=7YqppQ9neU4)

Enjoy Bitchez !

Thu, 08/04/2011 - 11:30 | 1523932 Downtoolong
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?

Thu, 08/04/2011 - 11:32 | 1523947 Save_America1st
Save_America1st's picture

Kabooooom Bitchezz!!!

Thu, 08/04/2011 - 11:40 | 1523975 Printfaster
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?

Thu, 08/04/2011 - 11:41 | 1523978 r101958
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.

Thu, 08/04/2011 - 11:44 | 1523996 accumbens
accumbens's picture

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

Thu, 08/04/2011 - 11:52 | 1524021 Frank N. Beans
Frank N. Beans's picture

is this what panic smells like? 

Thu, 08/04/2011 - 12:11 | 1524104 Doyle Hargraves
Doyle Hargraves's picture

Partially I guess, here is what victory smells like!

 

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

Wed, 09/14/2011 - 04:47 | 1667392 chinawholesaler
chinawholesaler's picture

Wholesale Massager
Wholesale Furniture

Wholesale Tableware
Wholesale Speakers
Wholesale Bag

Wholesale Frisbee
Wholesale Bookmark
Wholesale Flag

Money Clip
Wholesale Fan
Wholesale Tableware

Personal Safety Products
Wholesale Watch
Wholesale Frisbee

Wholesale Clap Hands
Wholesale Puzzle
Wholesale Fan

Wholesale Scissors
Wholesale Cards
Wholesale Scale

Wholesale Belt
Wholesale Banner
Flash Gift

World Cup Products
Giveaway Material
Promotional Products

Wholesale Clothes Rack
Money Bank
Wholesale Album

Christmas Gifts
Cleaner Products
Sport Support Products

Wholesale Bag
Personal Safety Products
Industrial Supplies

Wholesale Compressed Products
Vocal Concert Products
Wholesale Bangle

Lighting Products
Wholesale Stress Ball
Water Bottle

Wholesale Cap
Wholesale Scissors
Wholesale Knife

Wholesale Lanyard

Do NOT follow this link or you will be banned from the site!