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You're a better man, with bigger balls than I, if you can play this game and time these things correctly.

Uncle Ben's money has nothing to do with it... The Chinese had a lot to begin with and their stimulus was a lot larger than anything Uncle Ben could dream of. It's their money that they're finally spending on Porsches etc, instead of squirreling it away for a rainy day. This is the correction...

It's the Japanese disease spreading along ever further out the US curve...

Have you seen the exchange rate recently?

My friend, I don't need the details and the media. I am stating an (moderately) informed view of mine. Specifically, I would like to reiterate that there is nothing wrong with Poland, Slovakia and the Czech Republic.

Makes sense... From the conversations I have had, it seems the point of the exercise is mainly to make Spain look OK and take the heat off the sovereign. So I'd guess they make the Cajas look good at the expense of the Landesbanken (which are dead anyways). What that does to the mkt, I have...

We'll see... FWIW, I have heard all sorts of speculation about how transparent they will be. Most importantly, my understanding is that they couldn't figure out the answer to the question themselves. Apparently, the finance ministers had a call today to decide what to disclose and how. I am...

NP, if you like I can either attach the chart with the two indices denominated in gold or the spreadsheet with the data.

That's hardly a coincidence... It's called excess leverage and it shows up in all asset classes. A rising tide lifts all boats, so to speak.

There's really nothing wrong with Poland, Slovakia and the Czech Republic.

Why? What are you expecting out of the stress test, atticus?

Huh? I should note that the chart is a wee bit misleading (maybe that's what you mean?), as the Liv-ex 100 is denominated in GBP, rather than USD. New attachment should have both series USD-denominated. Best would be returns, I suppose, but I can't be bovvered.

Left axis - monthly spooz (source BBG), right axis - monthly Liv-Ex Fine Wine 100 Index (source BBG, via http://www.liv-ex.com/) 'Nuff said, draw your own conclusions.

It's the ranking that everyone is everyone is waiting for...

Yep, that's right... It's the old chestnut of rates getting so low that money-mkt funds get spanked.

CEBS and the UK FSA both repudiated the rumors of early release this morning...

I don't know what "indicators" are even, let alone use them...

I feel good about it...

As mentioned in your other trade, you can trade either, as they're the same series. You just have to make sure you trade the one, where the actual carry you get is close to what you used when constructing the time series. That's assuming you don't have any other constraints, such as funding...

The two series are the same... Trade the one that's consistent with the carry assumptions that you're using to construct the series.