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That 110 point pop in the DJIA around 2:30? Word hitting the wire that Italy is in talks with...

That 110 point pop in the DJIA around 2:30? Word hitting the wire that Italy is in talks with China to buy Italian sovereign debt. Sources say the head of China's SWF was in Rome last week for discussions with finmin Tremonti. For your review is a story from October 2010 of China offering to buy Greek paper - stocks probably jumped 2% on that one.
Comments (16)
  • Native Texan
    , contributor
    Comments (-724) | Send Message
     
    This rumor can't be verified.
    12 Sep 2011, 03:07 PM Reply Like
  • Native Texan
    , contributor
    Comments (-724) | Send Message
     
    This has since been verified by the FT.
    12 Sep 2011, 05:08 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    The WSJ piece is amusing. Thanks for the tip.
    12 Sep 2011, 03:10 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Just kidding!! No, really, were going to bail out europe! NOT! Well, maybe.. That's some expensiave' Greek paper.
    12 Sep 2011, 03:11 PM Reply Like
  • quantum
    , contributor
    Comments (17) | Send Message
     
    I think dumping all the debt to China , and then default will be the best solution for all! China's got too much saving after all.
    12 Sep 2011, 03:41 PM Reply Like
  • linenoise
    , contributor
    Comments (215) | Send Message
     
    This one was just plain made up out of thin air. No such article exists on FT.

     

    WSJ quoting Bloomberg quoting FT who is now denying that they ran anything. Nothing on Bloomberg either.

     

    The entire move retraced after hours (and then some).
    12 Sep 2011, 03:43 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (540) | Send Message
     
    Front page, above the fold ...

     

    www.ft.com/intl/cms/s/...
    12 Sep 2011, 04:21 PM Reply Like
  • jjbucky
    , contributor
    Comments (6) | Send Message
     
    Received article via FT Breaking News at 4:06 via Gmail acct, even got a phone notification. Had already read the article via ZH , i think, though don't know the time stamp. FT article mentioned on Ransquawk afternoon update. The article did appear.
    Interestingly, it references meetings that took place about 2 weeks ago. Interesting time to release the article, don't you think. Italian bond offering tomorrow should be interesting. . .
    12 Sep 2011, 04:32 PM Reply Like
  • linenoise
    , contributor
    Comments (215) | Send Message
     
    It was definitely not there earlier. It was a rumor before it was on the site.

     

    ransquawk.com/headline...
    12 Sep 2011, 04:34 PM Reply Like
  • jjbucky
    , contributor
    Comments (6) | Send Message
     
    It was not a rumor at any time!!!!!!!!!!!!!!!!!!...
    12 Sep 2011, 04:47 PM Reply Like
  • bonehead69
    , contributor
    Comments (212) | Send Message
     
    China has a massive debt problem in many of their largest provinces. This would not make sense.
    12 Sep 2011, 03:55 PM Reply Like
  • Ricard
    , contributor
    Comments (3829) | Send Message
     
    Unfortunately, who cares? As the WSJ piece reiterated, this news affected markets today, and offers no guarantee that it won't be forgotten tomorrow. China didn't save Greece even though it tried...it's hard to imagine this case being any different.

     

    If countries like Italy and Spain are TBTB (too big to bail), then how would China, with an economy 1/3 the size of Europe, make a difference?
    12 Sep 2011, 04:34 PM Reply Like
  • jjbucky
    , contributor
    Comments (6) | Send Message
     
    You and I should both care, because IT manipulates ( rather fraudulently, in this case IMOH) the markets, whether you're a trader or investor, . . .or citizen . . .
    12 Sep 2011, 04:46 PM Reply Like
  • dvargasr
    , contributor
    Comments (307) | Send Message
     
    Wow, that's interesting. Now China is going the start bailing out Europe LOL

     

    Who would've thought? Now, you have to consider China needs the western countries buying all the stuff they produce. If the USA and Europe break, nobody is going to buy anything for a while. That means China is going under also. This is a matter of survival for the Chinese government...

     

    Lets blow some more air into the bubble and lets pray it doesn't burst... I am praying with them...
    12 Sep 2011, 06:30 PM Reply Like
  • quantum
    , contributor
    Comments (17) | Send Message
     
    China probably owns 2/3 of Napoli Bay Port. Incredible! They have soo much money! If this cycle goes on they will buy everything.
    15 Sep 2011, 06:07 PM Reply Like
  • Native Texan
    , contributor
    Comments (-724) | Send Message
     
    China's government has money but 90% of their population lives in extreme poverty.
    15 Sep 2011, 06:40 PM Reply Like
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