SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (41100)8/10/2011 8:59:59 AM
From: ggersh  Respond to of 71456
 
That sound's about right, US is trying to
guide the ECB through, the one size fits
all guide to insanity.

Trying investing in managed futures, oh
they already are. -vbg-



To: Real Man who wrote (41100)8/10/2011 9:11:08 AM
From: ggersh  Read Replies (2) | Respond to of 71456
 
Intesa Sanpaolo Halted Twice On French Downgrade Rumor, Euro DropsSubmitted by Tyler Durden on 08/10/2011 - 08:47 Update: Unicredit halted

As we predicted yesterday, the Italian market is hating its life right now, with traditional whipping boy Intesa Sanpaolo being halted half an hour ago, resuming trading, dropping 8.2%, and then getting halted again. Same thing with Banco Popolare which was halted down 6.02%, and we expect Unicredit is due for a halt next. The catalyst: a fresh new rumor that France is about to be downgraded, which would send all of Europe into a risk flaring tailspin as it would obviate the EFSF even before it has been launched. The rumor is also rattling the EURUSD, which has dropped about 50 pips from the highs. As a reminder, this is not the first time the French downgrade rumor has emerged, however it is the first time since a rumor about a major AAA-rated country downgrade was proven to be true (ref: last Friday).