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Nope. Anyone with a modicum of brain power can figure out that the equity is worthless. Most of the subordinate post-2000 debt is only going to get 19% recovery on their claims, the equity isn't popping more than a few centers.

It appears every Tom, Dick, and Harry is trying to catch a bottom.

Well weren't those conditions that were present right before the start of WW2 and its global ambitions? Maybe the DAX is expecting Germany to take over the world again.

What are you smoking, Tomcole? No top tier firm is going to pay 100k for someone with a BA/BS right out of college. This ain't 2000 anymore, starting salary for one of the top name i-banks is 55k + bonus. Even if you get in with a top tier hedge fund out of college you'll be making about the same.

I prefer if they used their votes to legally mandate Siesta. The Italians and Spaniards got it right.

That's why we should go back to monarchy ;) Most people are too stupid to rule themselves.

The issue is not the EU constitution. The Euro began making a significant move prior to the constitution votes or murmings of a failed French vote. There was a political event that's fairly significant for the euro's prospects that most media pundits totally failed to pick up on because they're...

A strong currency does quite the opposite of what you say, in that it fights inflation. What causes inflation? Well, a couple of things, but one important thing is an increase in the money supply. Basic economics is if you have an increase in the supply of something all other factors being...

Hyped? The deal price on it got lowered and all everyone kept talking about was all the problems with the IPO and how it was a mess and how the stock was pricing too high. I don't call that hype. What do you call hype?

The most disturbing thing to me is that he did the interview from Monaco. I thought they were based in Vienna? I don't know about you but I don't want my money with a manager who spends his time tanning in Monaco while his fund is blowing up. The only thing I can think of is that he has...

It's a good thing he diversified into baseball.

Yen versus the Euro to strengthen is a big idea for us in 05.

I'm not sure why but I'm massively bearish at the moment and have been feeling this way for several days. So I went ahead and bought massive amounts of call verticals today.

Don't worry. You'll be vindicated by tomorrow's bell. It wasn't a good trade, but you'll be a happy surferer come tomorrow.

I don't have an opinion of Aaron as I don't know him or his fund, but more as a general comment, since when?

Speaking of which, how are the locals in the energy pits doing these days? If past experience is any guide, markets without a lot of transparency (screen access etc.) tend to be very good to locals and last I heard the energy markets weren't very transparent. They launched mini-crude a while...

Hey Riskarb, Who are you trading with? I've been giving a look to OTC options with my spot broker but they're ridiculous. Quoting basic options takes like fifteen minutes and by the time they provide the quote they tell you it's no longer valid because the spot is off 3 pips since they...

Fennics? And how is the OTC option trading going? Ik

Are you asking what your best option for playing it is or are you asking what option/combination of options you should trade? If it's the former, then just buy cable ;) If it's the latter then there is no way someone could give you an answer for that without knowing the IVs that your broker...

Wow, I think that's one of the greatest things I've ever hard. You made my day nodelta :)