spreads are blowing out
even AAAs (whatever AAA means)
click on the top of the list
http://www.markit.com/information/products/category/indices/cmbx.html
recall that Greenspan suddenly and mysteriously became annoyed about the price of natural gas during testimony before the House. at the time nat was around $15 per thousand .
and nat started tugging crude oil around.. can't have that.. screws things up
well, Big Al fixed that and soon...
governments hate gold since spiking prices reflect no confidence.
somehow gasoline goes down 25 cents and people believe the oil crisis is past.
curious that the US Mint runs at a profit but doesn't seem interested in increasing supply.
so FRE and FNM own or guarantee $5.3 trillion worth of mortgages
so it's only a guess as to when the gov. prints the money to pay off defaults.
and the 2 companies are still buying crap mortgages, unless something has changed
commodity charts are full of these cliff dives...
-20 -30 -40% hammerings
let it be. the lump of fast money moves onto something else but will eventually return
hmm
a photo of the execution of the Lincoln assassination conspirators with the condemned lady on the left given the courtesy of an umbrella to shade her from the sun..
her only crime was owning the boarding house where the plot was hatched..
hey.. there's a plan!!!
an opinion
gold is unloved by governments since it the barometer for everything wrong with the current system
wall street doesn't make any money off of gold.. so dont look for any help there.
wall street wants to sell your FRE at 90 and listen to you bitch all the way down to 6. that...
wall street wonders why it lost most of its customers to discount brokers...duh
1. '80s junk bond scandal
2. '90 recession
3. LTCM
4. 2000 tech bust
5. (fill in the blank)
instead of screwing Grandma out her money, W$ created a way to do it on a larger scale.
interesting that the Euro tanked just before Russia decided to do a road trip..
black boxes dumped the winning gold trade as the Euro cracked 150
the dollar still is under the gun even with an election on the way..
not much has changed imho other than a new cold war is on the way
beware of TN displays... poor viewing angles
pay attention to native resolution numbers
bigger screen doesn't mean better resolution and an ultra sharp screen will set you back $500+