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So, I'm long a lot of puts on this one. http://www.elitetrader.com/vb/showthread.php?s=&threadid=202606&highlight=validus Seems to be selling off nicely into the close. Combined ratio of 134.3% last quarter. Bad results from SwissRe and Zurich this morning. If you don't understand...

Seems to be a distinct organisation. Still working on what's driving the selling. Analysis of fundamentals and insider selling remains.

Prospectus here. They seem also to have had large positions in MBS's. http://www.sec.gov/Archives/edgar/data/1348259/000095012307010347/y37506b4e424b4.htm#110

This obscure mention in a Croation newspaper last night seems to show what is going on. I suggest that you look at the initial prospectus and their strategy of loss reserves and "arbitrage" of opportunities in the Gulf. This company wrote a lot of short-tail Gulf-related marine and energy...

10.55 is about to break...

AA popped a little on a weak beat. This morning we are at resistance at 10.65 See whether it holds...

More selling, different insiders. http://www.sec.gov/Archives/edgar/data/1348259/000120919110037238/xslF345X03/doc4.xml Bought more puts for after earnings. Short-tail marine reinsurance means damage claims. NB I have no inside knowledge. But I think that when insiders are selling...

"Surely a lot of bonds are listed on exchanges and traded electronically. Everything about a bond is quantifiable and perfect for inputting into trading models." With the exception of so-called current US Treasuries (and their sovereign equivalents), almost all bonds are comparatively...

I have closed out a 1/3 of my HOV puts, and put the money towards Aug puts in VR, a marine liability reinsurer whose CEO and Chief Risk Officer are selling stock. Unlike HOV, which was a no-brainer (and which I am still short, after a 50% drop), this one requires your thinking cap. No...

$3.57 and continues to plunge... More colour from this morning: http://www.tradershuddle.com/Trading-Ideas/4313807022010-will-hovnanian-recover.html

Right you are. Doesn't change the math, or the fact that treasuries and the dollar are tanking. When I need help with English, I will let you know. -JB

It's the Dollar that's depreciating, Sherlock.:p

30 YR tanked. Watch the 30YR.

I am not interested in political mumbo jumbo, I want to make money. Please save your threats for another board and/or direct them at the relevant persons.

Looking at this from the point of view of the treasury desk (I worked on the corporate desk, they set the rates), then it seems the risky scenario is the following. If a 30% depreciation of USDCHY is in the works, that means I want way more yield for my long bond (doesn't mean I'm going to...

Chinese Markets Likely to Rally on Yuan Move http://online.wsj.com/article/SB10001424052748704050804575318300750288856.html?mod=mktw#articleTabs%3Dcomments

Yuah Move Likely to Boost Asia Currencies http://online.wsj.com/article/SB10001424052748704638504575318371397044614.html?mod=mktw (no, I am not Asian ;-)

Thoughts? USDJPY dropped 100 pips at the open, has since rallied, but is selling off again. It is hard to see how this could fail to lead to large movements of capital into or out of US$ denominated secs.

The gift that keeps giving...

Fire walk with me...