The Credit Crisis Financial Stocks Short Journal

[Daal]

Quote from ralph00:

That will be a good one. I'm also looking forward to Confidence Game, about Bill Ackman's bet against MBIA, which should arrive in my mailbox any day.

http://www.amazon.com/Confidence-Ga...TF8&coliid=I3ITBVAFEDT5GC&colid=2MWI6P7FOIFAJ

Christine S. Richard, thats funny I emailed her many times in Dec 2007 and Jan 2008 about the problems on MBIA and Channel Re(that I learned from Ackman) in the hopes she would be brave enough to put it out, looks like she was a bit slow though
Btw, I'm thinking of shorting these guys again, stock rallied big

 

[Daal]

Martin,
Looks like Libor-OIS might be pulling a 'Siva-Joty' here. GE ZQ spread blowing out

 

[Daal]

S&P is the first to junk Greece. As I understand all 3 agencies need to junk it in order for it to violate the ECB collateral criteria
http://www.cnbc.com/id/36802555

 

[Martinghoul]

Daal, mate, what you're seeing is fecal matter coming in contact with a piece of air-moving equipment. And yes, they're still eligible for the ECB until Moody's goes.

We're back in the end-of-the-world territory in Europe...

 

[ralph00]

Quote from Daal:

Martin,
Looks like Libor-OIS might be pulling a 'Siva-Joty' here. GE ZQ spread blowing out

Back month ge is doing fine. If libor is blowing out, it is just temporary. The dec and mar calls should be fine.

 

[Martinghoul]

Quote from ralph00:

Back month ge is doing fine. If libor is blowing out, it is just temporary. The dec and mar calls should be fine.

To paraphrase a famous dictum, everything in life is temporary, until one day we drop dead...

 

[Daal]

Quote from ralph00:

Back month ge is doing fine. If libor is blowing out, it is just temporary. The dec and mar calls should be fine.

ZQ is safer. I got half of my position in, might put the rest if I like the statement tomorrow. The back is fine because the backs ZQs are going to the moon and are offsetting libor issues

 

[Daal]

Trichet better announce looser collateral ratings soon, otherwise people will withdraw deposits first and ask questions later

 

[ralph00]

Quote from Martinghoul:

To paraphrase a famous dictum, everything in life is temporary, until one day we drop dead...

Cute. If libor is blown out a year from now, the value of my ge calls will be the least of my worries.

 

[Daal]

Quote from ralph00:

Cute. If libor is blown out a year from now, the value of my ge calls will be the least of my worries.

I agree with this to some extend but I seem to recall you being a fan of timing GE calls. Swaping to ZQ is switching from synthetic long Greece/EU to being neutral