Italy avoids Gozer, Will BAC kiss the baby

Italian yields plunging to 5.44% from 6.09%. It appears Trichet is using Paulson's Bazooka. Gozer has been banished for now.

BAC surely has become one short son ova %@&%. Options Action on Friday noted the activity in jan 2012 put options on BAC and it appears the ghost of countrywide may be haunting this thing as AIG is now suing them over mortgage bonds. So, will BAC become a Lehman going forward? Will it Kiss the Baby?

 

Can you dumb it down a few notches, for me?

 

I honestly didn't think those Europeans had the balls to do it.