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.
Gandalf6900
Gandalf6900's picture
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
http://www.zerohedge.com/news/status-quo-back-unicredit-halted-down-78?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.