Snapshot Of Pure Lunacy

This is a snapshot of pure market lunacy.

  • Rumor on: 3:25 pm: ESM FUND TO BE GIVEN A BANKING LICENSE ACCORDING TO A DRAFT - RTRS

Zero Hedge then tweets following:

... sure enough not even 2 minutes minutes later:

  • Rumor off: 3:45 pm: GERMANY REJECTS DRAFT MEASURES INCLUDING BANKING LICENCE FOR ESM

And this is what all this insanity looked like: