This page has been archived and commenting is disabled.

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

Submitted by Tyler Durden on 08/04/2011 11:04 -0400

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 -

Thu, 08/04/2011 - 11:09 | 1523858 firstdivision

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

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

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

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

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

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

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

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

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

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

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

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

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

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

'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

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

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

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

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

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

... 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

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

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

dupe

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

dupe

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

Geez, I was told we had until October.

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

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

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

Lol US 10yr at 2.5%

Credit markets in CEE all nasty.

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

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

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

Collapse Bitchez!

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

QE3 alright; Quantitative Explosion.

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

Is this exchange run by Douglas Adams and John Lloyd?

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

Bullion bank hoiliday imminant. Good luck buying physical.

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

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

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

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

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

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

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

Dominoes, bitchez!

Thu, 08/04/2011 - 11:19 | 1523893 bania

Madonna put it best...

http://www.youtube.com/watch?v=IDvHO5ZSGo8

Thu, 08/04/2011 - 11:19 | 1523896 Greater Fool

Anybody watching spot gold right now?

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

No but I m watching now.

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

Fiat (the company) down 10% today.

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

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

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

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