Lock Limit Down Posted October 19, 2004 Report Share Posted October 19, 2004 HGX LOD Ducks Ducks Ducks Link to comment Share on other sites More sharing options...
Guest Posted October 19, 2004 Report Share Posted October 19, 2004 .HMO down 9% tainted with the Spitzer brush Link to comment Share on other sites More sharing options...
soup Posted October 19, 2004 Report Share Posted October 19, 2004 everybody all warm and comfortable hiding in ibm? Link to comment Share on other sites More sharing options...
rog Posted October 19, 2004 Report Share Posted October 19, 2004 JPM -3% one by on ethe big derivative players are being shot. This is a big change 1) Counterparty risk ratings are dependent on capital base (MMC split 2:1 in a most unfortunate way, AIG has taken a severe beating) 2) Insurance companies are the buyers of last resort in the corp bond market (one of the primary reasons corporate spreads are so tight) 3) One of the reasons stocks have been well bid is because of corporate spreads. We are starting to see spreads widen in insurance, car makers and select financials with large derivative exposure. Link to comment Share on other sites More sharing options...
GregFokker Posted October 19, 2004 Report Share Posted October 19, 2004 Anyone with news on the plane crash in Atlanta? Link to comment Share on other sites More sharing options...
brian4 Posted October 19, 2004 Report Share Posted October 19, 2004 stop 1116 Link to comment Share on other sites More sharing options...
Guest Posted October 19, 2004 Report Share Posted October 19, 2004 Since insurance companies are some of the largest equity holders in the world, it may be that this thing will begin to feed on itself, as many raise capital to cover class action lawsuits. If Spitzer is in the process of uncovering practices that are common throughout the insurance industry, LOB. I wonder if even Buffet will be implicated. Link to comment Share on other sites More sharing options...
machinehead Posted October 19, 2004 Report Share Posted October 19, 2004 The Fed, which is made up of large private international financial institutions, would have to monetize the difference. Why should they do it? They didn't do it in the 30's. "Liquidate Everything" was their motto. That's certainly the crux of the matter. What MAY HAVE changed is that the 'private financial institutions' feel they can manage in an inflationary environment ... whereas deflation means their assets get wiped out, or nationalized, or both. If I were a bankster, I know which scenario I'd choose ... Link to comment Share on other sites More sharing options...
BeerMarket Posted October 19, 2004 Report Share Posted October 19, 2004 Anyone with news on the plane crash in Atlanta? haven't seen anything, but I'm confident it's not terrorism. edit: here it is: small plane crashes in dt atlanta Link to comment Share on other sites More sharing options...
soup Posted October 19, 2004 Report Share Posted October 19, 2004 Rog: Yep. I used to cover some insurance companies. They would buy the wierdest crap at the tightest spreads. Man o man I bet the street is really pissed at Spitzer. Link to comment Share on other sites More sharing options...
Guest Posted October 19, 2004 Report Share Posted October 19, 2004 Anyone with news on the plane crash in Atlanta? haven't seen anything, but I'm confident it's not terrorism small plane headed for Venice Florida in bad weather crashed near commercial building. looks like an unfortunate accident Link to comment Share on other sites More sharing options...
machinehead Posted October 19, 2004 Report Share Posted October 19, 2004 JPM -3% one by on ethe big derivative players are being shot. This is a big change 1) Counterparty risk ratings are dependent on capital base (MMC split 2:1 in a most unfortunate way, AIG has taken a severe beating) 2) Insurance companies are the buyers of last resort in the corp bond market (one of the primary reasons corporate spreads are so tight) 3) One of the reasons stocks have been well bid is because of corporate spreads. We are starting to see spreads widen in insurance, car makers and select financials with large derivative exposure. Uh huh ... Sounds like the first steps in one plausible scenario for an 'unwinding' of deRIBITives -- (so called because they're denominated in 'green frogskins' ... a/k/a dollahs). Link to comment Share on other sites More sharing options...
Guest Posted October 19, 2004 Report Share Posted October 19, 2004 Rog: Yep. I used to cover some insurance companies. They would buy the wierdest crap at the tightest spreads. Man o man I bet the street is really pissed at Spitzer. Dead Man Walkin' Link to comment Share on other sites More sharing options...
brian4 Posted October 19, 2004 Report Share Posted October 19, 2004 Window is closing it was the reversal we wanted, the Pig limps on alone for awhile as long as it stays where it is we are OK. They will try and take it back up with the pressure off but I say-Good Luck wit dat! Link to comment Share on other sites More sharing options...
machinehead Posted October 19, 2004 Report Share Posted October 19, 2004 Anyone with news on the plane crash in Atlanta? haven't seen anything, but I'm confident it's not terrorism small plane headed for Venice Florida in bad weather crashed near commercial building. looks like an unfortunate accident Don't forget Venice was where the 'magic Dutchman' Rudy Dekkers and his flying skool were based ... Link to comment Share on other sites More sharing options...
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