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5MM in Muni Bonds.

+1 Those in the middle class and upper class benefit greatly from the illegal labor. If we had to rely on Americans to do most manual labor costs and times would increase significantly. Who wants to pay 30/hr for maid or lawn service? At the end of it all they are putting more into our...

+1 . Fantastic Advice.

If you talk to people who run private companies, sales are at all time lows and there is no sign of improvement. Unless everyone is going to get a government job where is the catalyst going to come from? Corporate earnings are coming from job cuts and cost cutting (ie not spending money on...

Bullish.

Bullish!

No problem, I was just curious what others would do for the sake of conversation.

Hi Mark, I am naked short 1 OTM (45 vs 51 underlier) Put option, but since it is on an individual name and not an index the risk v gain does seem a bit much. Given my estimate of the distribution of the underlying and other factors leading into the trade, the trade had positive expectancy...

Thanks for your responses. I am not sure I gave a perfect overview of my situation or my understanding of the risk. 1) I am currently in the trade. its a +15 Jul 48/-30 Jul 45 (thanks for the correction on terminology) that I put on for a .43 credit and is now trading at ~ .03 debit. 2)...

I am an admitted options novice trying to gather how professional options traders work into and out of positions. I have the following question: Assume I have a 2:1 ratio put spread (18 days to expiry). I am long the 48 strike(1) and short the 45 strike (2). The underlying is...

I think the answer was one of two things depending on the personality of the "guy" 1) Have a good pricing model, buy below theoretical, sell above theoretical, hedge delta's as cheaply as possible (slippage& market impact. 2) Quants and traders do that, my job is to make sure their...

Bullish!

Dats, When you traded in the pits you had an edge, mainly because the majority of the order flow came thru the floor. You were able to derive information from what the traders for the big sell side firms were doing and position yourself accordingly. Unfortunately as things progress in time...

The Tax Payers will just buy this debt from the banks at 102% and then offer the CRE firms 0% financing.

This is short sighted, instant result thinking. Do you think this money is free (except for the cost of the paper and ink)? How long do you think the Fed can continue to keep the yield curve artificially steep and hold down LIBOR so the banks can generate out sized returns to stabilize their...

The fact that you think this is a positive says it all.

Not Simon though. Merill is doing ANOTHER dilutive secondary at 50 for 23MM shares and propped the stock all day.

I dont disagree with you on the mechanics, I just think the market has overshot the present value of future cash flows. I think if one were honest about asset valuations on the balance sheet and the expectations of future revenues in a consumer de-levered economy, the current multiples for...

Beating earnings is not hard when you are beating median analyst estimates that have been reduced 50-75%. Its like saying Carl Lewis won the gold in the 100 at the Special Olympics.