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This site has info on preferreds, there are all kinds of different ones for BAC http://www.quantumonline.com/PfdSymbolsNames.cfm

Sometimes the most obvious trade works. Wish I had shorted ES

Its not because he bought, its because of what YOU SAID. You claim BAC preferred is almost guaranteed as treasuries, they yield 8% or more, that seem quite a compensation for the 'almost' part

You should go out and buy a shitload of marketable preferred BAC stock then

The market preferred has a bigger yield than the Buffett one, which goes to show that the bulk of the exposure for Buffett is on the equity side

I'm considering taking a long on BAC. Here's a good case on why the stock might be a buy http://brontecapital.blogspot.com/2011/08/bank-of-america-time-everyone-took-long.html But of course, this is ET, everyone 'knows' BAC is bankrupt and within days of a failure. Truth is, is very likely...

Buffett buying BAC puts http://www.bloomberg.com/news/2011-08-25/warren-buffett-to-host-obama-fundraiser-in-new-york-on-sept-30.html

Buffett investment makes sense, over the long-run BAC is fine because they can earn their capital and pay off all the lawsuits, the risk is a liquidity run and failure due panics. Ironically, Buffett investment makes the liquidity run less likely so his investment makes the investment worth more

Looks like Paulson is down around 38% YTD, with the lastest collapse in gold, it might get even uglier

Random question that popped in my head today

Time of your Life I believe costs around $300 or one can download off piratebay

I finished listening to Anthony Robbins audio tapes called 'Time of your Life'. Its a course designed for 'time management' and how to increase your productivity. I learned a ton there. With regards to trading and global macro, I realized I was spending too much time just 'reading the news' and...

Analysts tend to predict future federal funds rate incorrectly http://libertystreeteconomics.newyorkfed.org/2011/08/a-look-at-the-accuracy-of-policy-expectations-1.html Too hawkish in easing cycles and too dovish in hiking cycles. Whether they get this wrong because they tend to look at the...

I don't spend much time research technology but I found this article very interesting http://brontecapital.blogspot.com/2011/08/software-eats-part-of-world.html

@zerohedge: "Paulson owns 23.5 million shares of Hewlett Packard" :p

I'm back at shorting EUR/CHF a bit

Money market funds are closing http://online.wsj.com/article/SB10001424053111904070604576516333998146982.html?mod=googlenews_wsj I'm yet to find out a reason why anyone should give a shit about this. The funds closing are just intermediaries for people who don't want to take risk

Mid 2013 Fed futures contracts offer some kind of return for those who bet on a no hike scenario. I'm not willing to buy them at these levels but they should offer a good trade setup at some point when econ data is strong and uber hawks start to claim hikes will be made anyway

It stopped working pretty quick. I found a way to block cookies from wsj.com and online.wsj.com with Chrome and now I can use the google trick. google 'blocking cookies chrome'

Lehman brought the US Dodd-Frank