Recent content by Grandeur

Puts everything in perspective. Good luck.

Better buy a time machine with that 10mm.

yes, i can't believe there is tension between them. Nobody thought something like this would ever happen again. Dollar going to soar!

Awesome and maybe becoming envious!

It is amazing how Bernanke changed his opinion on the economic state.

Rumors? I have to agree, the last time government was truthfull has been a while, I am sure they meant nothing when they commented on their situation.

I agree, times are completely different and one thing that is totally different is the leverage and derivates market. Tremendous growth in the derivatives market since the late 1990's will cause a freefall.

Including Jim, but it doesn't matter, he got 5000-1 buying power from Echo.

Not sure if you guys know, but their outstanding debt is humongous, what would happen to that, as of yesterday benchmark was trading t+105.

I don't think he lost anything, one has to enter a trade in order to loose.

If one has the ability to short their bonds one might be better off doing that. As off yesterday they were still trading at ridiculous tight spreads.

Just to compare to the bear situation, they stopped business with them the week before it collapsed, they haven't done any business with leh for almost a month.

Can't comment on the validity of the OP statement, however, I do know of a midmajor bank not doing any business anymore with leh.

Not unless you apply the accordeon method.

A friend of mine, he was at a big conference for hedge funds last night, said they have now all decided to close their long positions.