Volatility In Turkish Stocks Surges To Highest Since Coup As ‘The Dude’ Dumps $120 Million

The Turkish lira, bless its heart, is rallying again on Thursday, gunning for a third day of gains in a bid to claw back some of the losses from the currency's second worst week in 24 years. We're now basically back to levels seen before the bottom fell out in earnest last Friday, thanks in part to a crackdown on swaps and also thanks to a $15 billion lifeline Qatar tossed to its ally in Ankara on Wednesday. It also helps that Angela Merkel has reportedly stepped in to (basically) say that Ger