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AAA CDO's are falling like a knife ABX index has them @ 70-80. an ut in this mkt will have the most impact. This is about cutting off the gangrene leg(crappy subprime infected CDO's) before it infects the whole body(entire bond market)

if you haven't noticed most of the crap CDO's have now been re-rated(aka downgraded) by the rating agencies to reflect current conditions. SO whatever is still AAA is what they'll buy.

they'll buy the top tier AAA's thereby raising the tide of prices across the whole spectrum of CDO's. They hope hehe.

I think its time for another round of German banks to warn of losses.

The PPT is reving its engines for yr end. FNM talking raised limits now that it is back to regular SEC filings. Bernanke talking gov't guaranteed jumbo mortgages on the hill. earlier this week the bailout fund was apparently in trouble now a complete reversal. they have a few bullets...

YES! Orphan Structures hiding all the junk. Seems like EVERYONE was doing it(Banks, Brokers, Foreign Banks, etc) What next?:confused: And we thought the Hedge Funds had THE BIG losses in August. Man they look like saints now. lol I wonder if we see anyone crack the 100 billion loss...

ABX AAA index big drop today to new low. http://www.markit.com/information/products/abx.html

big news..this action is hot & heavy! cdn dollar almost hit 1.10! oil + 13 oil 97.90 wild

To an extent, this uncertainty reflects the fact that the tangible scale of defaults in the US mortgage arena is still unclear, particularly in that sector of the mortgage market known as "subprime" - loans extended to borrowers with poor credit histories. In the past year, the pace of defaults...

What's the damage? Why banks are only starting to uncover their subprime losses By Gillian Tett and Paul J Davies Sun Nov 4, 1:15 PM ET When Merrill Lynch, the US bank, announced 10 days ago that it was taking $8bn-worth of losses on mortgage-related securities, bankers and regulators...

Citi Faces $6-$10 Billion Write-Off; Prince Is Out Topics:Banking Sectors:Financial Services | Banks Companies:Bank of America Corp | Wachovia Corp | Bear Stearns Companies Inc | Morgan Stanley | Merrill Lynch & Co Inc | Citigroup IncBy David Faber | 03 Nov 2007 | 06:42 PM ET Citigroup...

GS basically said they hedged out their exposure. What's so hard to understand? Blood in the streets - look for a bounce - soon.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=102381&highlight=abx+lows Watch the AAA stuff. That's where the rubber meets the road. A bounce in that space will be the first signal that the storm has passed and the other ratings will follow. AAA upticked since the fed cut...

interestingly ABX prices held up the last few days. Surprising in light of the headlines. Next week should be interesting.

delete TWS and reinstall the latest version(878.5). Worked for me.

12 weeks and counting..BBB's(17) new lows. Single A's(27) new lows . AA's(48) new lows . AAA's (80) new lows. everything essentially plummeting last couple of weeks. http://www.markit.com/information/products/abx.html

32 x 33 ind.

Briefing.com 10/25/07 18:21 IBKR Interactive Brokers: Conference call summary (30.94 +0.83) -Update- On call, co says credit crisis, mkt turmoil and higher volumes were very positive developments for them, as their technology prevailed. Says listed option volume is most important to them...

Shares Outstanding5: 40.19M Float: 40.18M Shares Short (as of 25-Sep-07)3: 6.44M Short Ratio (as of 25-Sep-07)3: 25.4 Short % of Float (as of 25-Sep-07)3: 16.00% Shares Short (prior month)3: 6.51M

4:20PM Interactive Brokers beats by $0.20, beats on revs (IBKR) 32.73 +0.83 : Reports Q3 (Sep) earnings of $0.53 per share, $0.20 better than the Reuters Estimates consensus of $0.33; revenues rose 31.0% year/year to $445.1 mln vs the $356 mln consensus. "The third quarter was an all time record...