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BWAHAHAHA - I'll emphasize another word for you...how about SHILL:eek: :eek: :eek:

Why are you asking ET their advice on TI.....instead of a first hand account from your own FRIEND who has taken the course and is now "making a good living" after 18 months.....why would you even BOTHER posting on ET to total strangers?

Fixed income is always considered the "less glamorous" area, but when things go wrong, it comes under the microscope. Then everyone says "how the hell did this happen?!?!?!?!" The states and government agencies just did what was allowable. And since you are only as good as your last...

I don't care if this is the ES Journal....to repeat....that was one f%$%$#g nice trade!!!! Pulled the trigger at the extremes....flew completely in the face of fundamentals.......AND that was a COUNTER trend trade, to a trend that has been in place for a LONG time. Disclaimer....do not...

Lets not forget to thank the greedy people who wanted to buy real estate beyond their means, the mortgage companies and banks who helped them do it, and the Street for laying off all the risk into fixed income securities.... Florida Schools Struggle to Pay Teachers as Investments Frozen...

Gott love Rick Santelli.......only guy who speaks his mind

You know that saying, the first billion is the hardest....

"U.S. Treasury Secretary Henry Paulson is negotiating an agreement with banks to stem a surge in foreclosures by fixing interest rates on loans to subprime borrowers, according to people familiar with a meeting he led yesterday. Citigroup, Wells Fargo and Washington Mutual Inc. executives...

To respond to the above posts since my last one, every one of them is basically correct. Same old story, everyone in the chain makes money - except for the end buyers of this product. The majority of fixed income portfolios (that would be banks, insurance companies, credit unions, pension...

Like I said, ratings on bonds are predictive guidance, not a guarantee....issuers can default at anytime.

I must politely disagree, it will not fall on the broker that sold the paper. AAA ABS CP met the internal investment policy requirements of the states that bought it. And the rating agencies assigned the AAA ratings. Fixed income portfolio managers of size have internal credit analysts...

line in the sand....was breached

FYI, I know one of the fixed income portfolio managers caught up in this mess.

Bingo AGAIN....the top of the chain is the Street selling it. AAA credit and high yield do NOT go hand in hand, that's risk vs reward 101 for fixed income portfolio management. S&P, Moodys, Fitch, Duff & Phelps etc.....do you know how they make money? By the fees they charge the very...

BINGO. Its the same old story, been going on since the Street came into existence. Take a product, slice and dice a million ways, charge fees coming and going, and NEVER hold the final product. Rinse and repeat. Unfortunately, the fixed income markets are notorious for this kind of...

Bloomberg has been on top of this since October. Its just the beginning, and proof of the spider web of trouble that you will continue to hear about over the next 12-36 months.

Trade the QM mini contract

Hey Vertigo, that's the chess analogy, great post SS

THAT's what the company does?!?! Sell pants?!?!?! I am SO shorting this stock :p :p :p

Hey, the talking head just used my analogy to Spectre2007: "The economic train started its u-turn a while back, and everyone on board is just starting to realize the there is a curve in the tracks. Takes a long time to turn a train around 180 degrees, but once the engine comes out of the...