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.