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Not nuts. Rational, expected.

I'm not complaining, but I don't know why mods moved this to Chat. The thread is quite relevant to the Trading forum and gettin more so by the day, isn't it?

No rebound by the looks of indices in Sydney and Tokyo. Just the opposite. Like with the iphone debut, the crowd is forming early overnight -- I mean at the FED window. As another poster said elsewhere this evening, bring your Monopoly money. It's good!

Virgin to hooker is possible, the other way round ain't. But, hey, why listen to me? Let FXCM say it, as in this recent press release from it (quoting its CEO): “In effect, we have now ended our dealing desk trading system, thereby removing any possible conflict of interest. With many other...

Those pesky "unnecessary losses," again for goshsakes. What's the problem? Don't they get it? Just borrow from the FED. It'll take the IOU. Heck, I've got some old poker IOUs I'm thinking of trying. Tomorrow morning, unless I miss my guess, they'll look pretty good next to the other paper...

This is a bear market. Many people rejoice in that "pressure" and have been rejoicing in it for some weeks and, in some cases, many months. Take the owners of BX who sold at the top as much of BX as they could. And the real estate mogul who cashed out to BX earlier. And the HF operators who...

If these products were bid up out of any relationship to underlying risk, which is what would occur in front of a herd of hugely leveraged buyers, that would neatly explain the lack of buyers now.

BX, as before, is a leader in this epic turn. The second wave of shearing has begun, with sheeple buyers of BX at 26+ on ratings and latest results staring at lower now and a good bit lower within weeks.

I said untradeable, not unmarketable. No buyers, no trades.

I see a few replies mocking the above analysis. If the OP is so wrong, why aren't these CDOs and other mortgage derivatives tradeable? Only the FED, it appears, was and is willing to value them. The OP may be understating the problem, if he is missing it at all.

I indeed had a very bad experience with Saxo, and I have a very bad opinion of it as a result. Others also have not fared well with Saxo, if the broker review page of ET is an accurate measure.

I wonder how much GS made these last few weeks on its proprietary trading, even as its customers were getting sheared in the GS hedge funds? Is it possible GS proprietary profited by being opposite the positions shared by many quant-model funds, GS's included? I realize that would seem too...

The Gambler James Caan, Paul Sorvino. "Give me the three." Anyone seen it? Recall that line? It's old, and I don't see it on rental shelves.

Hot off the press, this recent addition to list started two weeks ago: Analyst for Federal Reserve. Genius-level IQ required to figure actual value of mortgage derivatives Fed recently has taken as collateral. Chief benefit: excellent long-term job security, because it'll be many years...

Presently, Tokyo and Sydney are down more than a "mere" response in sympathy with USA. SP reflects that. Tomorrow almost certainly will be ugly, very ugly. President has been on TV twice to reassure. Fed has injected the big dough. So what's left. Nada. Hell, it's the credit inflation...

Any word whether CFTC or any other regulator will add rules against requotes, misquotes, and the other pricing tricks by which the fx retailers swindle their customers?

I agree. The fx retailer's primary job is marketing, which forces it to keep the marketing fresh to lure new customers. A few years ago it was the cache of a dealing desk, to influence small time wannabes to believe they actually were involved in international foreign exchange. Then it was...

[Sales pitch, continued, of Bear Stearns’ reverse mortgage division, which is newly minted to meet the changing needs of BS’ clients:] BS: “Sure, I understand about your wife’s operation, but let me tell you, those Ph.Ds recently transferred over to us from our mortage-backed division...

I assume a cut announced by FOMC tomorrow would be inflationary in terms of prices and demand. Easing would stoke consumers while lowering the USD even more, bumping up prices of imported goods. For those reasons, it would be hard to say FED is credible against inflation if it cuts. Of...

These BIG value buyers have me scared witless. Oh, oh, please stop. Feel my pain!