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Re: The Impending Market Reversal

Tyler Durden — Thu, 16 Apr 2009 00:59:51 -0000

The market will do as it likes until the facts catch up with it. the longer the two have not met, two more amusing the reintroduction will be.

Re: The Next Bailout Target: Commercial Insurers

Tyler Durden — Thu, 16 Apr 2009 14:05:18 -0000

as soon as i get new color, readers will be first to know

Re: Quant Intraday Market Commentary

Tyler Durden — Thu, 16 Apr 2009 15:03:16 -0000

Massive unwinds of index shorts.

Re: Have Icahn And Howard Marks Loaded Up On MGM Mirage CDS?

Tyler Durden — Thu, 16 Apr 2009 18:57:51 -0000

i) To have potential veto (blocking) votes in a bankruptcy and control the official/ad hoc bondholder group, ii) to hedge the CDS - if the bonds and cds were bought at negative basis they are locking in a profit plus CDS settlements usually benefit the cash side when unwinding CDS, iii) optics so they don't come off as "naked shorters", iv) potential further cap arb with MGM loans which they likely also own (and more stock if you throw in stock as well)

Re: The Visible Hand

Tyler Durden — Fri, 17 Apr 2009 18:25:12 -0000

absent hard facts, i don't have a conclusion. however i am amused by, and will point out the "yeti footprints" now and then for something that seems an outlier to conventional wisdom.

Re: Stress Test Results Leaked

Tyler Durden — Mon, 20 Apr 2009 08:29:31 -0000

19 bank list here (http://www.calculatedriskbl.... Correct HSBC not on list: could be used merely for indicative comparison purposes. I am unable to vouch truth of content

Re: Open Letter To The SEC Regarding Wall Street's REIT Bait-And-Switch

Tyler Durden — Tue, 21 Apr 2009 11:30:14 -0000

the event at focus here is the upgrade the day before the offering, not the recap. if new equity is stupid enough to put money in exchange for secured debt, so be it.

Re: Some More Quant Introspection

Tyler Durden — Tue, 21 Apr 2009 20:25:48 -0000

rubber band analogy is very fitting

Re: SPY Have Become Hard To Borrow

Tyler Durden — Wed, 22 Apr 2009 09:57:44 -0000

liquidity about to hit zero

Re: What Are Credit Markets Implying For The Equity Rally

Tyler Durden — Wed, 22 Apr 2009 15:58:28 -0000

credit outperformance was pointed out. especially in the context of cap arb.

Re: NYSE 2,300 Up/Downtick Margins

Tyler Durden — Wed, 22 Apr 2009 16:24:04 -0000

chart shows concurrent up/downtick on the NYSE. a representation of strength/weakness and, the wider the margin, the higher the resultant bid/ask spreads for individual stocks. anything around 2,000 up/down spreads indicates increasingly chaotic/disorderly market

Re: NYSE 2,300 Up/Downtick Margins

Tyler Durden — Wed, 22 Apr 2009 17:56:02 -0000

I have been doing that from day 1. there are about 1,500 posts talking about it. here is a good start: http://zerohedge.blogspot.c...

Re: Overallotment: April 22

Tyler Durden — Wed, 22 Apr 2009 22:55:37 -0000

Zero Hedge is not an opinion cultivator. it is an information source. the
headline is out there - you have the right to read it or ignore it

Re: Goldman Sachs Principal Transactions Update: 1 Billion Shares!

Tyler Durden — Thu, 23 Apr 2009 13:10:06 -0000

i think the simile you are looking for is Ponzi? good question

Re: Goldman Sachs Principal Transactions Update: 1 Billion Shares!

Tyler Durden — Thu, 23 Apr 2009 19:43:19 -0000

Re: GM Liquidates Two Employee Benefit Plans

Tyler Durden — Fri, 24 Apr 2009 19:43:46 -0000

CapIQ and Thomson Reuters are your best bets

Re: Jumping The Shark In HY On Record Low Recoveries

Tyler Durden — Sat, 25 Apr 2009 13:32:16 -0000

netting out costs against these counterparties, it wasnt all that much. there was in fact a big fight in court to strip lehman of derivative claims against others, but Lehman won in the end. also keep in mind claims against lehman were a) variation margined (so not a shock on B-Day) and b) written by third parties so not a gross value recovery against Lehman's creditors

Re: The One Trillion Commercial Real Estate Time Bomb

Tyler Durden — Sat, 25 Apr 2009 23:29:58 -0000

i will go back to the third grade as soon as you take a remedial class in sarcasm. but thanks for calculating

Re: Renaissance Underperforms S&P by 17% In April

Tyler Durden — Mon, 27 Apr 2009 08:39:26 -0000

SP is up 8.6% in April. RIEF is down (as you say) 8.2% in April...

Re: $10.5 Trillion Of U.S. Economy Backstopped by U.S. Government

Tyler Durden — Mon, 27 Apr 2009 11:48:57 -0000

70% of the cash flow is based on consumer assets. here they are: http://zerohedge.blogspot.c...

Re: The One Trillion Commercial Real Estate Time Bomb

Tyler Durden — Mon, 27 Apr 2009 13:15:32 -0000

Feel free to present an alternative opinion on your blog.

Re: Casual NYSE Up/Down Volume Update

Tyler Durden — Mon, 27 Apr 2009 15:52:05 -0000

Just CIX of UVOL Index - DVOL Index

Re: Daily Credit Market Summary: April 27 - The Quiet Before The Storm?

Tyler Durden — Mon, 27 Apr 2009 17:40:32 -0000

Luckily i am not on CNBC, and even luckier, i can turn the TV off when CNBC is on. You should do the same with this website when you disagree.

Re: Daily Credit Market Summary: April 27 - The Quiet Before The Storm?

Tyler Durden — Mon, 27 Apr 2009 17:47:58 -0000

mostly CDS trader technical concepts. here is a good link for many of the basics:

http://www.classiccmp.org/t...

Re: Fed To Tell BofA, Citi To Raise Billions More In Capital

Tyler Durden — Tue, 28 Apr 2009 08:20:43 -0000

Bremen was the focus of British aerial bombing retaliation during/after the BoB: http://www.raf.mod.uk/bombe...