The Credit Crisis Financial Stocks Short Journal

GMT [Dow Jones]Economists at Deutsche Bank push back their Fed rate hike call, seeing the first hike in Q4 this year rather than Q3. Tame inflation and euro-zone debt problems are the main reasons for the change. "Our year end fed funds target is now 0.75% compared to 1.25% previously," say the economists led by Joseph LaVorgna, chief US economist at Deutsche Bank, in a research note Wednesday afternoon, noting that lower inflation and sovereign risks are likely to delay Fed hikes. (min.zeng@dowjones.com)

:p
 
The Bill Gross lastest Total Return Fund positioning shows that he is selling bunds(apparently) and buying USTs, maybe he is not too happy with Germany paying all the bailouts
 
"the six-month core CPI trend is all the way down to a 0.28% annual rate — last there in December 1960"

US might be reaching deflation territory soon, at least on a 6m basis
 
Quote from Daal:

The Bill Gross lastest Total Return Fund positioning shows that he is selling bunds(apparently) and buying USTs, maybe he is not too happy with Germany paying all the bailouts
More...

Well Germany just announced the equivalent of capital controls the other day. I'm pretty sure I wouldn't want to own any German assets at this point. Apparently, this caused a massive flow of money to move out of German banks and into Swiss banks, causing the Swiss intervention yesterday - this (plus the massive short interest) is why the Euro is actually trading pretty strong when it should still be plummeting.
 
Sept 2011 99 call is now bid at 26.5. Dec 2010 99 call is now bid at 28.5. There's got to be an opportunity here, just don't know what it is.:)
 
Quote from ralph00:

Sept 2011 99 call is now bid at 26.5. Dec 2010 99 call is now bid at 28.5. There's got to be an opportunity here, just don't know what it is.:)
More...

The pre-LEH libor-OIS was running around 50bps to 100bps for more than a year. We're in crisis who knows when it comes back
 
FWIW, those things are trading at more than the bid. I put out a couple of offers on some of my June 11s this morning at 2.5 points over the bid and they got filled pretty quickly.
 
Hey guys. I just shorted inurance stocks.

I have not made money in a while so take my advice at your own risk.

Just shorted LNC at 26.25
Pfg a little earlier and pru like 10 cents ago.

Nothing major.
 
You must log in or register to reply here.
Back
Top