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Rogers considering buying the EUR http://www.cnbc.com/id/15840232?video=1518214159&play=1

Greece 10y bond yields were close to their lows as recently as October 2010. The CDS went from 80bps in early 2008 to 600/700bps currently Its amusing to see people who routinely bash markets, take comfort in the fact that US yields are low

Ackman on C http://www.marketwatch.com/story/ackman-sees-opportunity-in-citi-shares-2010-06-09?dist=bigcharts I will try to read a bit on their financials to see if I can understand this investment better

Highly doubtful it could happen anytime soon. Liquidity is far from a concern at this point, what some are speculating is that BP could do it because they would be afraid of future liabilities, lawsuits will go on for a long-time in all likelyhood so that doesn't seem likely

There is a 'this time is different' argument against BP. Part of this 'new normal' the world seems to be in, there seems to exist a rising trend of big business/rich hatred, more than usual. There is the big bonuses crackdown(which got the US congress to retroactively try to seek AIG bonuses...

I remember his bad 08 calls. Still in order to go comfortably long here I need to debunk his claims, he says there is another spill some miles away and that the costs of cleanup will be huge. Could be true for all I know. $1B so far, and the clean up probably will go for a long-time. Who knows

Matt Simmons on BP: "They have about a month before they declare Chapter 11. They're going to run out of cash from lawsuits, cleanup and other expenses. One really smart thing that Obama did was about three weeks ago he forced BP CEO Tony Hayward to put in writing that BP would pay for every...

BP down 13%. If that is all related to the dividend rumors and congress bitching about it then its a crazy move. Although it can create some short-term selling by income investors, the dividend is irrelevant frankly, the dividend will always be connected to the long-term stream of cashflows that...

From Rosenberg, this seems to be a version of the Hussman study "It’s been a painful 30 days for equities with the S&P 500 down about 13-14%. In the past, such a sharp sell-off didn’t usually end well, unfortunately. We dug through the history books, looking at the past 70 years and found...

True. This seems to be a big factor specially when debt/leverage is large, which might mean that the tails are more likely than its implied in options prices during those periods. I tried to profit in the H2 of last year by buying puts in XLF but I forgot to buy calls as well. I threw at towel...

There is another flaw in the krugman argument, he is looking at the gov debt performance during a period of verbal fiscal austerity, as the WH has made it clear they want to decrease the deficit(whether they will follow up is another matter), not at the performance with the government saying...

Krugman has some arguments against US fiscal austerity "So how much we spend on supporting the economy in 2010 and 2011 is almost irrelevant to the fundamental budget picture. Why, then, are Very Serious People demanding immediate fiscal austerity?The answer is, to reassure the markets —...

Amazing move by Lampert http://www.businessweek.com/news/2010-06-08/lampert-s-829-million-payout-may-shield-him-from-tax-update1-.html Distributed stock from his hedge fund to himself in order to avoid the end of the carried interest tax. Good example of intelligent tax planning. The 'trust'...

It had small EUR short coming into today but I increased quite a bit through the day, even though I believe it might just rally hard. I'm kinda forced to, as I'm adding some bullish bets I need to have some kind of hedge in the form of a positive expectancy bet that is negatively correlated. I'm...

Tilson makes a strong case here. Says they have $30b a year in pre-tax earnings, how can that not be enough? Even if the company were to lose money for a couple of years, that wouldn't make the current price a steal but if thats all the downside there is, its a good bet Not to mention there is...

Tilson is long and likes BP http://www.cnbc.com/id/15840232?video=1516597145&play=1 Says liabities are pre-tax charges and BP makes a ton of money

Pickens on the spill and energy policy http://www.cnbc.com/id/15840232?video=1515895824&play=1

The gov is allowed to buy securities but they can't 'take over' in the sense that overnight they announce that they own the company(like some imply they should do with BP) If they were to 'nationalize' BP, it would take more than $100b and a long time buying the stock, in my view thats not...

If they get things like email records, the conversations between the CEO and people in the board could be quite revealing

"BofA to Pay $108 Million in FTC Case" http://online.wsj.com/article/SB10001424052748703303904575292582384769918.html "The money will be returned to the more than 200,000 customers the FTC believes were overcharged." PPD is under both SEC and FTC investigations. If PPD is found guilty...