This page has been archived and commenting is disabled.

The Status Quo Is Back - UniCredit Halted, Down 7.8%

Submitted by Tyler Durden on 10/13/2011 09:13 -0400

As we said earlier, "it was fun while it lasted." Now reality, and the pricing in of tomorrow's Berlusconi vote of "confidence" comes back with a vengeance. From Reuters:

UNICREDIT SHARES HAVE BEEN SUSPENDED FOR EXCESSIVE VOLATILITY, INDICATED DOWN 7.8%

Fear not! the imminent surge in Italian CDS means that the Boot will report infinite EPS once its bonds hits zero: thank you JP Morgan.

- advertisements -

Thu, 10/13/2011 - 09:17 | 1769010 knukles

Seemed like a good idea at the time is the new fun while it lasted before everybody had their eyes poked out.
I like Jarts.
Bag-0-Glass wasn't half bad either.

Thu, 10/13/2011 - 09:21 | 1769035 Seize Mars

Bag-0-Glass wasn't half bad either.

How about "Invisible Pedestrian?"

Thu, 10/13/2011 - 09:23 | 1769045 Jim in MN

'Drano-Filled Kaleidoscope?'

Pretty swirls.....

Thu, 10/13/2011 - 09:24 | 1769049 ratso

Always a surprise that it isn't zero.

Thu, 10/13/2011 - 10:24 | 1769335 pods

Jarts was a fun game. Best thing was you played it in the soft summer grass so you could play barefoot!

pods

Thu, 10/13/2011 - 11:29 | 1769665 Shitters_Full

Happy Fun Ball

Thu, 10/13/2011 - 09:17 | 1769016 slaughterer

Ahhhhhh, Unicredit... as insolvent as a rotten, maggoty turd on a "Made in China" plastic spoon. Prepare for the next 5-day wave down.

Thu, 10/13/2011 - 09:28 | 1769065 qussl3

It's one of those turds that no matter how many times you flush simply keeps floating back up.

Thu, 10/13/2011 - 09:39 | 1769115 Falcon15

We have a saying in Texas. Polish a turd, it's still a turd.

Thu, 10/13/2011 - 09:48 | 1769164 MachoMan

Yeah, but it stinks worse if you smear it everywhere...

Thu, 10/13/2011 - 09:58 | 1769220 JohnG

I put in one of these:

http://www.bathroomfurnituredirect.com/Kohler-K-3432-X-KOH11810.html

Then put in four more. Works GREAT!!

Thu, 10/13/2011 - 10:01 | 1769227 ceilidh_trail

floats up- unlike that chinese boat...

Thu, 10/13/2011 - 09:17 | 1769017 Gandalf6900

well it only went up 50% in the last 2 weeks, you think some people will take profits...

And I understand its a phantom bank

And I understand that it went up on low volume

And I understand all you want, but we are in this game to make money not to be moral, if not we should stay out of the stock market and grow tulips

Thu, 10/13/2011 - 09:18 | 1769022 Gandalf6900

are we in agreement....

Thu, 10/13/2011 - 09:23 | 1769048 Tyler Durden

Absolutely, although someone not taking a profit may be anoyone who bought the stock on January 1 and saw it drop 50%.

Thu, 10/13/2011 - 09:33 | 1769086 Gandalf6900

Regardless, they will never let it fail even if it is a rotting peace of shit so we are no longer trading a bank stock but a worthless peace of paper that can make us small speculators a lot of money...anyone who trades financial stocks and thinks they are trading something real is a ..... (pick your insult), so stating that it fell 7% because its a piece of shit makes me say....duh

Thu, 10/13/2011 - 09:45 | 1769145 unununium

Be sure and get back to us on how playing this negative-sum game works out for you.

Thu, 10/13/2011 - 09:58 | 1769216 disabledvet

You seem to arguing we should be watching the country then. I agree. "What price this lack of failure?" Seems rather high and growing as the Zero Hedge "re-rack" segment shows all too well. What say you Gandalf?
http://www.youtube.com/watch?v=sF-uM1mZHG8&feature=player_detailpage

Thu, 10/13/2011 - 13:29 | 1770140 M.B. Drapier

If you want to ride the bailouts, shouldn't you be buying bank senior debt, not equity? I don't see equity surviving the next round of European bank bailouts unscathed.

Thu, 10/13/2011 - 09:32 | 1769076 augie

Great, so now the popular consensus is that morality and turning a profit are mutually exclusive.

Lulz, that's Really a bullish sign for capitalism in an era desperate for a return to egaltarian ethical principles...

Thu, 10/13/2011 - 09:31 | 1769073 fuu

"but we are in this game to make money not to be moral"

Thanks for summing up the evil in the world.

Thu, 10/13/2011 - 09:36 | 1769099 Gandalf6900

Yes I did sum it up.

I wish I could put my saving in the stock mkt as an investment, but nowadays you put your money in the stock mkt for speculation by definition, there is no investing...unfortunately, and as a ZH reader all should understand it by now, but let me be cristal clear this saddens me to no end, regardless I won't let easy money get away on the fake pretext of morality

Thu, 10/13/2011 - 10:26 | 1769354 fuu

Your sense of entitlement is showing.

Thu, 10/13/2011 - 09:18 | 1769018 gojam

This is bad volatility not good volatility ?

Thu, 10/13/2011 - 09:34 | 1769083 VisualCSharp

Last time I looked, the definition of volatility was when something moves about wildly and unpredictably. Simply dropping off a cliff seems very predictable to me. The trend is it goes to ZERO.

Thu, 10/13/2011 - 09:18 | 1769019 The Axe

Market is broken, it just doesn't know it....

Thu, 10/13/2011 - 09:27 | 1769030 hedgeless_horseman

Italy is just plain broke.

Thu, 10/13/2011 - 09:28 | 1769064 Jay Gould Esq.

Bunga bunga.

http://i.telegraph.co.uk/multimedia/archive/01689/contestant_1689628i.jpg

Thu, 10/13/2011 - 09:39 | 1769116 Gandalf6900

more like everyone and their mother

Thu, 10/13/2011 - 09:18 | 1769020 Fips_OnTheSpot

Right - I miss the "Rule 48" tweets in the morning -- but VIX is back rising

Thu, 10/13/2011 - 09:18 | 1769021 sabra1

only hookers and their mothers are permitted to vote!

Thu, 10/13/2011 - 09:19 | 1769027 John Law Lives

"SUSPENDED FOR EXCESSIVE VOLATILITY"

Gee, I wonder why the markets don't get suspended during rapid, low volume melt-ups. I suppose that sort of volatility is okay.

Thu, 10/13/2011 - 09:21 | 1769033 Quintus

Now you're getting it. There is 'Good' volatility and 'Bad' volatility. Just like there is 'Good' Mark-to-Market and 'Bad' Mark-to-Market.

Thu, 10/13/2011 - 09:20 | 1769028 broke433

That's it? BAC does that move everyday.

Thu, 10/13/2011 - 09:22 | 1769032 Racer

I thought volatility meant going .... up ... and down a lot, surely just going down is more appropriately called 'collapsing'!

Thu, 10/13/2011 - 09:21 | 1769034 RobotTrader

Man, what's up with those "picnic arms" on Melissa Lee?

Somebody needs to put her on a starvation diet.

Thu, 10/13/2011 - 09:26 | 1769059 SheepDog-One

You just NOW noticed Melissa Lee is a sweet and sour glazed PIG?

Thu, 10/13/2011 - 09:27 | 1769062 knukles

Man gets a Gold Star.
First intelligent comment in weeks.
Nice.
Keep up the good work.

Thu, 10/13/2011 - 09:32 | 1769078 John Law Lives

RobotTrader used to be a purveyor of nice T&A photos. For whatever reason, that stopped.

Thu, 10/13/2011 - 09:38 | 1769112 broke433

I think she is hot

Thu, 10/13/2011 - 09:49 | 1769170 derek_vineyard

Robo---i thought part of your therapy was to stop watching cnbc, but if its volume off and for soft porn i'll give you a pass.

Thu, 10/13/2011 - 10:08 | 1769251 Don Birnam

Absolutely not. A very attractive woman, and perhaps the only watchable personality on the network. One can also sense that she has little affinity for James Cramer...but then again, who does ?

http://guestofaguest.com/wp-content/uploads/wppa/Melissa_Lee_Thuy_Diep1.jpg

Thu, 10/13/2011 - 13:38 | 1769257 fuu

Can you verify that you just had a few day time out?

Thu, 10/13/2011 - 09:22 | 1769036 Jim in MN

B-b-but the EU just finished trashing national freedoms to fix the problems as understood six months ago (i.e. peripheral economies only)....eh....never mind. Bombs awaaaaaay!

Thu, 10/13/2011 - 09:30 | 1769069 cossack55

Como frijoles tennis shoes. Where you been Jim? Good to see ya back.

Thu, 10/13/2011 - 10:33 | 1769395 Jim in MN

Oh ya know, massive family relocation, no big deal in today's economic Cuisinart.

Thu, 10/13/2011 - 09:24 | 1769053 broke433

The timing is perfect, it'll take about 2 weeks of euro bank stocks being halted everyday until the EU disappoints again with their plan coinciding with earnings being over though by that time we would be at ES 1350 = 20 * 8 trading days + 1190. Then we would start crashing again until QE3.

Thu, 10/13/2011 - 09:25 | 1769054 SheepDog-One

Who are they fooling anyway? We all know we're just waiting for some morning soon when ICBMs are blocking out the sun.

Thu, 10/13/2011 - 09:28 | 1769063 gojam

Then we'll fight in the shade. ;-)

Thu, 10/13/2011 - 09:25 | 1769056 spankfish

Sooooo... JP Morgan is playing hide the salami with the bond market.

Thu, 10/13/2011 - 09:25 | 1769057 knukles

Closer to home, a similar consideration to ponder. Sorta like being delisted... For you younger guys, the answer to "What happens after menopause?" is "They get really fucking bitchy."

Thu, 10/13/2011 - 09:50 | 1769179 Ponzi Unit

Everything is a racket. Waylaid, parleyed, and filleted. Commodified, ponzied, and scammed.

Thu, 10/13/2011 - 10:25 | 1769342 luigi

Unicredit has been on the rollercoaster for the last couple of days anyway: would the market please be so kind and decide waht the real value of this stock is? It's like the motorcycle mob harassing the guy with goggles in those B-movies of the '70ies

Thu, 10/13/2011 - 10:35 | 1769401 Scalaris

It's ok, an extra pledge by Sarközy and Merkel during the weekend will make everything better. No?

The Status Quo Is Back - UniCredit Halted, Down 7.8%

Comment viewing options