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Berlusconi Blames Stock Market Volatility On Cocaine Abuse By Traders
Just when we thought the most ridiculous thing one could expect from the market was another "all shall be well" rumor from Merkozy (with details pending of course), and the algos naturally falling for it in what is set to be a record low volume session, here comes Italy and shows just how horribly wrong we were. From Bloomberg: "Italian Prime Minister Silvio Berlusconi's Undersecretary Carlo Giovanardi said the government will study if it's feasible to conduct drug tests on stock-exchange traders, with the help of the Milan Bourse and the country's market regulator. Giovanardi, who is in charge of family policy ... (full story)
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