Panic In Italy: FTSE MIB Down 6.2%, Biggest Drop Since May 2010

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Wed, 08/10/2011 - 10:29 | 1546197 william shatner
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Wed, 08/10/2011 - 10:35 | 1546230 Ahmeexnal
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il stronzo ha colpito il ventilatore

Wed, 08/10/2011 - 10:39 | 1546261 Bahamas
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lo stronzo is correct

Wed, 08/10/2011 - 10:53 | 1546331 spondoolix
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try excrementi.  Stronzo means "asshole"

Wed, 08/10/2011 - 10:42 | 1546279 runlevel
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shoulnt it be

<shatner> "tim... BER." </shatner>

Wed, 08/10/2011 - 10:46 | 1546297 eisley79
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you'll be seeing lira, and deutschemark, escudo and peseta,

draechma, guilder, and schilling.


But do you know.....the most insolvent currency of all??

Euro, the coalmine's canary

Had a very funny smell......


Euro, the coalmine's canary,

Federal Notes you are next!

Wed, 08/10/2011 - 10:55 | 1546348 Going Loco
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I may see those but I shall be taking only gold and silver as payment.

Wed, 08/10/2011 - 10:30 | 1546200 eurusdog
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EURUSD is rolling now just above the 1.4150 support line. It hasn't been touched yet, but I think it gets broken today. Still short the EURUSD. Will remain so until the Euro goes kaput, and then I'll shor tthe USD.

Wed, 08/10/2011 - 10:32 | 1546210 Sudden Debt
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compairing the euro to the dollar and vice versa isn't really a indicator you know :)

It's like compairing burning diesel to burning kerosine.... 

Wed, 08/10/2011 - 10:43 | 1546284 Growyourownfood
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Agree, also short eurusd. They are out of time, and the europeans have no loyalty to the euro. Not like americans and usd. Euro will end first.

Wed, 08/10/2011 - 11:06 | 1546412 Transformer
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Finally figured it out yesterday.  The USDX is never going to go below 73.  Why?  because it is not an absolute measure.  Since all the currencies in the basket are depreciating at the same time, the numbers stay pretty much the same.  Any changes in the numbers merely indicate (for the chairsatan and other CB heads) that it is time to turn on the printing press.  The goal of all the countries in the basket is to keep the numbers relatively the same, and they are doing that.


That's why gold continues to go up and the USDX remains relatively unchanged.  Gold is the real measure.

Wed, 08/10/2011 - 10:30 | 1546202 Sudden Debt
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Wed, 08/10/2011 - 10:33 | 1546212 Sophist Economicus
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I want a case of whatever it is you're drinking!   I'll pay all shipping costs to the US from Belgium and a 20% premium.

Wed, 08/10/2011 - 10:42 | 1546277 william shatner
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One case of dr pepper coming up....

Wed, 08/10/2011 - 11:07 | 1546419 Transformer
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Dr Pepper it is.   Bitchez !!!!!

Wed, 08/10/2011 - 10:44 | 1546288 Larry Darrell
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Must be mixing his port with his whiskey again.  A great combination for smooth drinking and erratic thought processes.

Wed, 08/10/2011 - 10:45 | 1546295 Overflow-admin
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He must be drinking some Delirium Tremens. I should too.

Wed, 08/10/2011 - 10:40 | 1546266 flacon
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Wed, 08/10/2011 - 10:55 | 1546353 Silver Dreamer
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He doesn't even have to comment, for the GIF alone cracks me up.  8-)

Wed, 08/10/2011 - 10:31 | 1546205 TomGa
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ZH gets big plug on Bloomberg TV.  "Rumor" on ZH is the cause of today's drop!!

Wed, 08/10/2011 - 10:33 | 1546219 Sudden Debt
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Wed, 08/10/2011 - 10:44 | 1546289 slaughterer
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Since joining this website, my IP is constantly being pinged.

Wed, 08/10/2011 - 10:54 | 1546343 heatbarrier
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NSA.  No Such Agency.

Wed, 08/10/2011 - 10:54 | 1546345 dogbreath
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please explain. 

Wed, 08/10/2011 - 10:55 | 1546357 Hulk
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They want to know who we are. We are the last roundup, then their work is done...

Wed, 08/10/2011 - 11:09 | 1546426 Mesquite
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And some mysterious computer problems...

1984 here we go...

Be safe all..

Wed, 08/10/2011 - 11:16 | 1546467 John Law Lives
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That should make you feel important...

Wed, 08/10/2011 - 11:18 | 1546478 geminiRX
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I have said a couple times in the past that they may label ZH and readers as financial terrorists. Like someone quoted yesterday.....truth is treason in an empire of lies

Wed, 08/10/2011 - 11:55 | 1546748 DosZap
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gemini  11:18

You got it.

IF your fiscally responsible, your the ENEMY.

Did you see the Tea PArty getting blamed BY EVERY DEM on the reason for the S& P downgrade?, that was 2yrs past due?.

They did it out of embarrassment......since they were fistf'in everyone BUT US.

Was at my dealer yesterday, and he has owned a big PM's  store, sold it went to work for another even larger, and he said in 30yrs, he has never seen Gold cost more than Platinum.

Well we are sitting a @ $1792/4.00,v.s. $1763.00 now.

Wed, 08/10/2011 - 12:35 | 1546988 geminiRX
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People are starting to think my wacky PM ventures are not so absurd anymore

Wed, 08/10/2011 - 10:36 | 1546238 Cognitive Dissonance
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I get a kick out of the MSM's cognitive dissonance regarding ZH. 

On the one hand they tell everyone that ZH is just a pimple on an elephant's ass and not worth the time of day. Yet they also just implied that the ZH pimple can cause a panic. Must be a very big pimple.

Go long pimples everyone.

Wed, 08/10/2011 - 10:40 | 1546268 Quintus
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I prefer to play that via a short Clearasil position.

Wed, 08/10/2011 - 10:50 | 1546315 Cassandra Syndrome
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Wile E. Coyote gave me good inside info to long Acne Corporation yesterday. Spot on! 

Wed, 08/10/2011 - 11:11 | 1546383 TomGa
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It was during an interveiw with a trader who mentioned Tyler's site was widely read by traders. Bloomberg girl looked like she was about to lose her bowels into her panties when she heard that a story on a non-MSM site could tank the market. 



Wed, 08/10/2011 - 11:17 | 1546470 Cognitive Dissonance
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Something similar happened a few months back on CNBC. Sue and Googles (MCC) suddenly looked like they had just eaten bad sushi.

Wed, 08/10/2011 - 10:39 | 1546260 Smiddywesson
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ZH gets big plug on Bloomberg TV.  "Rumor" on ZH is the cause of today's drop!!

Yes, we really need some control over the Internet so the banksters can operate in complete secrecy like they used to do.  Maybe we can call them terrorists and make the Internet a natinal security asset, then our bankster masters can acquire all the gold they want in secret, and then announce a gold standard, a standard leaving them to set the price of the asset held chiefly by them.  Then they will own the world and debt and solvency won't be an issue anymore.

Damn that ZeroHedge, they spoil everything

Wed, 08/10/2011 - 10:46 | 1546290 scratch_and_sniff
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edit - whoops, cant post that, dont want to be responsible for anything.

Wed, 08/10/2011 - 10:52 | 1546330 MsCreant
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Everyone is responsible for themselves.

Wed, 08/10/2011 - 10:50 | 1546305 walküre
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I take full credit with everyone else.

The 245pm intervention yesterday was a load of bull crap and EVERYONE knows it.

Don't blame Italy for the drop. Markets have lost all confidence and extending ZIRP for just another year isn't worth the hype, let alone a 600 point manufactured DJI pump in a few minutes.

Thanks for playing Ben, you've blown the markets to Smitherines. Please leave, now.

Wed, 08/10/2011 - 11:46 | 1546661 ElvisDog
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The problem TPTB now face is that their vision of the market, one where they get to play by their own rules, only works if there are sheeple in the market they can fleece. Extreme volatility drives the small fry out of the market for good. No small fry sheeple to fleece means no money made for the big boys. They literally are killing their golden goose with these shenanigans.

I think that was a record for animal metaphors in one post.

Wed, 08/10/2011 - 10:56 | 1546366 Silver Dreamer
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Well, blaming S&P didn't work, so apparently blaming Tyler works as an alternative.

Wed, 08/10/2011 - 10:32 | 1546206 Smiddywesson
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LOL, anybody remember that guy yesterday saying this was just a fearmongering site and it cost him thousands.  Too funny.

Wed, 08/10/2011 - 10:36 | 1546229 bam_son
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haha yeah i saw that. Probably bc tyler said something like "we'll give the mkt a few minutes before it realizes this (fed statement) is not good news." Probably went short at the bottom... this site has also warned repeatedly of the power of algo buying trend pushing.  Sucks for that guy... should have held on overnight to get some back... Hopefully this site doesn't change too much as it gets more discovered. 

Wed, 08/10/2011 - 10:36 | 1546240 WonderDawg
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Yeah, I tried to keep my fingers still, but in the end, my fingers won and I had to make a comment about decidning to roll the dice, losing, and blaming the guy that handed you the dice.

Wed, 08/10/2011 - 10:43 | 1546282 Smiddywesson
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Hey we have all been there, trying to earn some money with an idea, some fundamental facts, or a technical observation, only to lose it all to market manipulation.  It's part of the game to avoid that manipulation.  But to blame your losses on a web site?  That post belongs in a book on trading psychology.  I printed it out for future use.

Wed, 08/10/2011 - 10:40 | 1546267 william shatner
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I wonder how much he lost listening to MSM?

Wed, 08/10/2011 - 10:54 | 1546339 scratch_and_sniff
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I have lost a few times while listening to music, especially dance music, i have a few mixes that put me squarely in the spaz zone, and it reflects in my trading. Silence is the best soundtrack, i like to hear the purr of my machines, they get louder as the volatility increases. You could probably design a decent filter around them, if you were a irrepressible geek.

Wed, 08/10/2011 - 10:32 | 1546207 slaughterer
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What about the trading computers?  They do not float so well. 

Wed, 08/10/2011 - 10:32 | 1546209 bam_son
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yo tyler i just tried to donate and it wont let me check out either through the site or through paypal. Might want to check and make sure everything is ok with that.

Wed, 08/10/2011 - 10:35 | 1546228 Sudden Debt
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maybe if you put in 1000$ and press enter?


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