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Don't forget about Moody's deadline for reviewing the bond insurers by the end of Feb. Who knows what they are going to say but judging by how their acting today it might not be good. Could be downgrades coming.

FGIC breakup causing problms for parent co PMI.

Hope you are right, my core position is EEM puts. As we have struggled higher off the Jan lows volume has been steadily dropping off suggesting that perhaps there isn't much upsdie left here and we are close to a turning point. On the other side of the coin there seems to be a number of tech...

Not a customer yet or in any way affiliated but I was blown away by their pricing so wanted to let people know. They have a flat rate for option trades, up to 3000 contracts per leg for flat rate of $9.95. At IB and iron condor with 12K total contracts costs $8400 if you execute vis smart and...

As long as the TAF facility exists and the Fed will accept anything as collateral the banks will never face insolvency. The $ though may face a real crisis of confidence.

http://online.wsj.com/article/SB120363174262884069.html?mod=hps_us_whats_news I agree something big is brewing, at least 1000 points on the dow, still not clear to me though if it is going to be to the upside or downside. Possible tell is that whereas EM proxies such as EEM and FXI have been...

I have been using futures but have noticed the tight penny spreads on the SPY. Tax treatment favors the options on ES but that spread on the spy is attractive especially when dealing with the large spread on OTM futures options. Anyone done any work on this they would be generous enough to share?

Added SIGM March Calls.

http://www.reuters.com/article/sphereNews/idUSN1944416020080219?sp=true&view=sphere

http://www.bloomberg.com/apps/news?pid=20601087&sid=a2ksXTL4zoAc&refer=home Thats where I got it but its all on Bloomberg.

Endded up paying 8%. Something like 186 auction fails and 82 succeeded today.

MBIA Says Ackman Proposal For Restructuring Guarantors No More Credible Than Flawed Open Source Model BusinessWire - February 20, 2008 5:08 PM ET MBIA Inc. (NYSE:MBI) said today that an initial review of the recommendations for a restructuring of the financial guarantors as prepared...

The trouble with these long term is that the leverage works both ways and it takes a greater % move to get back to even. Underlying goes from 100 to 80 and back to 100 you are even. Ultra fund goes to 60 but then only comes back to 90.

The point is that as long as banks can use toxic crap to tap the Fed's TAF each month they will never experience any solvency problems. Credibility problems perhaps, but not solvency problems (unless they run out of toxic crap and that isn't likely :D ) This is massively inflationary hence the...

I posted about this back when the TAF was announced, its basically a way for the banks to de facto move their toxic crap on to the Fed's books. http://www.ft.com/cms/s/0/66db756a-de5d-11dc-9de3-0000779fd2ac.html?nclick_check=1 "The TAF ... allows the banks to borrow money against all sort...

http://www.guardian.co.uk/feedarticle?id=7316784 Coming soon to a bank near you.

I would except I'm not getting a red cent back which is ironic given that I pay more tax in each year than those getting the full $600 do in a a decade or longer. The cash is irrelevant but the principle of it does stick in one's craw. I used to be one of those democrats that argued that the...

The only way out of our fiscal problems is to grow our way out, saving and cutting spending alone will not work as we owe too much and too much of our GDP is consumption. The current crop of democrats are not progrowth...

Short educational presentation, baseline information every American should know http://www.publicagenda.org/facingup/presentation/presentation2.html

http://www.businessweek.com/magazine/content/05_33/b3947136_mz070.htm http://news.morningstar.com/articlenet/article.aspx?id=122398