Zeev's Turnips Patch-No Politics (ZEEV)

[cash2go]

Smart Money - here's the twist I'm going to bed with

From Zero Hedge, the dark side:

They added that the ban was likely to be effectively unenforceable. It will not stop traders from shorting the bonds and shares using other European markets.

"Without the two-way flow the German market is likely to become utterly dysfunctional," said one London-based bond trader. "Nobody ever thought they'd do this in a million years and it raises the long-term question of who is now going to want to buy their debt."

...
Analysts at Bank of America Merrill Lynch summed up the mood with a note titled What's Germany going to ban next? Rainy days, harsh words, the Macarena?

If this pans out as expected, look for Bunds to collapse tomorrow, and wipe out a few billion from Pimco's NAV. We warned in February that the flight to safety in Bunds was both shortsighted, and too good to last. Now that trading in Bunds may be effectively prohibited altogether, we will be very curious to see where market clearing occurs, if anywhere. Because the only thing worse than a low price is no price.

http://www.zerohedge.com/article/wednesday-trading-session-set-be-most-volatile-living-memory-warns-telegraph-plunge-bunds-ex

KKD - volume has waned and may lead to the "no bid" just as forced selling may be coming. Sub $2 looks golden.

Friday PM panic coming, after a government sponsored short squeeze on Wednesday.

Looking forward to some beta thoughts on the board. Lee has been doing some great intraday trend calls.