Replies to post #150696 on Langlui's Big Board and Options Plays

[langlui]

CHART OF THE DAY: The New Scariest Chart In Europe
Joe Weisenthal | Oct. 20, 2011, 12:09 PM

It's becoming more and more obvious that if Europe doesn't come up with something big, then something very bad could happen.

Greece, in a way, seems like a lost cause. Everyone knows it will default in some way or another.

But while Greece might theoretically be ring-fencable, nobody thinks Italy is, and that's why it's worrisome that its 10-year yield just hit 6% today, after being much lower for awhile back in August.

Eventually, the ECB will have to step in and provide a blank check.