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Lehman CDS priced

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Re: Lehman CDS priced

Unread postby Spanktron9 » Fri 10 Oct 2008, 14:25:18

$this->bbcode_second_pass_quote('Cid_Yama', 'p')er CNBC now down to 8.625 cents on the dollar.

Cid-

Can you or anyone explain how the talking heads on CNBC are spinning this as a positive? I'm totally confused. One guy is saying that all the 1.5 trillion dollars from these swaps is going to "flood" into the market on monday or tuesday. huh?
Who are you going to turn to when all the crazy Peak-oil doomers end up being right?
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Re: Lehman CDS priced

Unread postby shady28 » Fri 10 Oct 2008, 14:35:59

$this->bbcode_second_pass_quote('Spanktron9', '')$this->bbcode_second_pass_quote('Cid_Yama', 'p')er CNBC now down to 8.625 cents on the dollar.

Cid-

Can you or anyone explain how the talking heads on CNBC are spinning this as a positive? I'm totally confused. One guy is saying that all the 1.5 trillion dollars from these swaps is going to "flood" into the market on monday or tuesday. huh?


Gathering the funds for this is probably a big part of what has been going on with markets over the past couple of weeks. The funds have already been gathered.

Now, settlement starts. This is a zero sum game, there are losers yes but there are winners who will be flush with cash.

The expectation is that the winners will start putting their money back into various markets.

I think in the next 3 trading days we will see some kind of a short term low on the DOW, and possibly be a short term low in commodities as well. It's possible that low is already in, but I really think it will take a few more days.

Also, clearing this out will make the market feel more confident as much of the uncertainty will be purged.

The psychology of the market is still - on bad news, sell the rumor and buy the news. The news i coming out now, once all is revealed we'll be in for a very healthy bounce.

Don't be suckered by the bounce...
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Re: Lehman CDS priced

Unread postby quizz » Fri 10 Oct 2008, 15:52:41

8.65 cents to the dollar. Here's the link: Creditfixings.com

Some of the CDSs were a 1/10 of a cent!

Bloomberg : Lehman Credit-Swap Auction Sets Payout of 91.38 Cents on Dollar
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Re: Day Of Reckoning

Unread postby Tanada » Fri 10 Oct 2008, 18:30:19

$this->bbcode_second_pass_quote('Bas', 'd')ow futures are about 4% lower at 8250...we'll see in five minutes what that means....

Bloomberg futures


I heard a news blurb today that 50% of peopel invested in hedge funds are pulling out as their annual opertunity comes due and this is dominoing into the hedge funds being forced to sell gold bullion to raise the cash to cut the investors loose.
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Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: Day Of Reckoning

Unread postby Zardoz » Fri 10 Oct 2008, 18:42:57

$this->bbcode_second_pass_quote('Cabrone', 'C')ould this be the day the system goes supernova?

Nope.

Not to say it won't, but not today, as it turns out.
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Re: Day Of Reckoning

Unread postby Denny » Fri 10 Oct 2008, 18:57:31

$this->bbcode_second_pass_quote('Bas', 'd')ow futures are about 4% lower at 8250...we'll see in five minutes what that means....


That is the figure Suze Orman predicted for the DJ bottom just a few days ago. I don't think she has any special talent or the like, but its interesting. At the time, I thought she was extreme in her pessism.

Let's hope whe was right about that. At the end of the day Friday, its at 8,451.
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Re: Day Of Reckoning

Unread postby Jotapay » Fri 10 Oct 2008, 19:27:00

$this->bbcode_second_pass_quote('Denny', '')$this->bbcode_second_pass_quote('Bas', 'd')ow futures are about 4% lower at 8250...we'll see in five minutes what that means....


That is the figure Suze Orman predicted for the DJ bottom just a few days ago. I don't think she has any special talent or the like, but its interesting. At the time, I thought she was extreme in her pessism.

Let's hope she was right about that. At the end of the day Friday, its at 8,451.


If I hear one more time how we're at the end of the credit crisis or the real estate bottom or market bottom, my head is going to explode.
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Re: Day Of Reckoning

Unread postby ReverseEngineer » Fri 10 Oct 2008, 19:33:17

$this->bbcode_second_pass_quote('Jotapay', '')$this->bbcode_second_pass_quote('Denny', '')$this->bbcode_second_pass_quote('Bas', 'd')ow futures are about 4% lower at 8250...we'll see in five minutes what that means....


That is the figure Suze Orman predicted for the DJ bottom just a few days ago. I don't think she has any special talent or the like, but its interesting. At the time, I thought she was extreme in her pessism.

Let's hope she was right about that. At the end of the day Friday, its at 8,451.


If I hear one more time how we're at the end of the credit crisis or the real estate bottom or market bottom, my head is going to explode.


"Bottom" and this "Market" in the same sentence is an Oxymoron. Like Jumbo Shrimp, Military Intelligence or Republican Ethics, its self contradictory.

There IS no bottom to a Black Hole. Ben can cut down every last tree int he world and run it thru the printing press, he can express the national debt in exponential notation, it STILL would not fill this hole.

Its the Zero Point. The money HAS NO VALUE. Gold HAS NO VALUE. GRASP IT. Only Food and Power have meaning as concepts right now here on the Good Ship Earth. In the hereafter, what you have in your spirit is the wealth that will count.

See You on the Other Side

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