wndysrf Posted December 21, 2004 Report Share Posted December 21, 2004 Today I was at the grocery store, waiting in the checkout line. Suddenly, I was stunned. Standing stock still. Eyes were transfixed on the various magazine covers. First, the Cybex-machined girl on the cover of Muscle & Fitness for Her. What an unreal specimen. Next, the usual "Perfect 10" model on the cover of Shape magazine. Then lastly, none other than Diane Lane on the cover of InStyle magazine. There she was, The Woman in the Blue Dress........... What a killer body. That inviting smile which has just a taste of a sneer, which suggests that "bad girl" image......... Rumor has it that Diane is having more marital problems. Buy why should she care??? All she needs to do is to get her Image Consultant to get her on the cover of Institutional Investor or The Economist and her problems are over. How many thousands of 50-something multi-millionaires are there on Wall Struck?? Some who are too old to handle the hot chicks in Shape magazine and would rather settle for someone in her 40's?? I mean really, its been a Spreadtrading Bonanza going on 3 years now in the fixed income pits, evidenced by Bear Stearns blowout numbers reported today. No doubt that hundreds, if not thousands of fixed income managers and EVP's would be calling Diane for a date, desperate to get their hands on that body..... After all, can anybody top the fortunes made so far in fixed income?? Especially in Emerging Markets and Junk Bonds??? From today's Wall Struck Journal: Emerging-Market Debt Issuers Find Investor Demand Rising Amid Low Interest Rates In Developed Countries, A Search for Greater Yield By MIKE ESTERL NEW YORK -- Overseas debt issuance by emerging-market borrowers is scaling record heights as governments and corporations from Seoul to Sao Paulo capitalize on rising investor appetite for risk and yield. Emerging-market issuers have raised more than $210 billion in international capital markets thus far in 2004. That is up from last year's $173 billion, which was itself a record, and nearly three times more than five years ago, according to Dealogic, a financial-data service. Corporate borrowing alone had topped $142 billion by mid-December, with a growing number of issuers of all credit-rating stripes tapping foreign investors seeking more bang for their buck as interest rates in developed markets stay low and global liquidity remains high. "That encourages other people to come into the market that wouldn't necessarily have had access," said Neil Shuttleworth, a syndicate official in London at Deutsche Bank, noting a big pickup in issuance out of Asia. Last week, speculative-grade MagnaChip Semiconductor, a Korean concern that came into being in October after being carved out of a larger company, raised $750 million of senior notes in New York. Emerging markets have been a magnet for investors attracted by fast-growing economies, quickly improving credit ratings and yields that still dwarf developed markets. Bondholders have booked three straight years of double-digit returns in the asset class. At the same time, demand has pushed sovereign bond spreads in emerging markets to less than four percentage points over U.S. Treasurys, the tightest level since 1997, slashing borrowing costs for developing-country issuers. .......................................... In the meantime, Kathie Lee (INTC) was "resubstantitated" for the 39th time the last 5 years, as investors bid shares up on speculation that notebook sales were on the increase. Any and all excuses used to pile into the SOX. Why is that? Because nobody will ever forget how juicy Kathie Lee used to look on those Carnival Cruise ads 15 years ago. And nobody will ever forget the straight line, vertical meltup in the SOX from 1999 to 2000. Everyone wants a "repeat", with the old hags constantly recycled over and over. With over 9000 HedgeFunds trying to "make their year", any and all scraps of spare cash or borrowing power will be used to buy the SOX constitutents. ................................... And now, the picture of Diane.............. Link to comment Share on other sites More sharing options...
machinehead Posted December 21, 2004 Report Share Posted December 21, 2004 Emerging markets have been a magnet for investors attracted by fast-growing economies, quickly improving credit ratings and yields that still dwarf developed markets. Bondholders have booked three straight years of double-digit returns in the asset class. At the same time, demand has pushed sovereign bond spreads in emerging markets to less than four percentage points over U.S. Treasurys, the tightest level since 1997, slashing borrowing costs for developing-country issuers. <{POST_SNAPBACK}> The emerging market debt bubble will be the stuff of legend in the future. As in, "WHAT were they THINKING?" As Bubble II tops out, the summit has a "double echo" flavor. In stocks, it's 1999 all over again. But for emerging market sovereign debt, it's the Summer of Love -- 1997. The Asian crisis never happened. Neither did Russia, or Argentina. And no hedge funds got into trouble with debt arbitrage or riding the carry trade with junk credits or forex exposure. 'LTCM' stands for 'Long Term Compounding Market.' It means you can't lose. Every day, in every way, the skies just get bluer and bluer. Or so 'they' say ... Link to comment Share on other sites More sharing options...
wndysrf Posted December 21, 2004 Author Report Share Posted December 21, 2004 "Zero Sum Game" continues for 9000 HedgeFunds. All are buying the IBD CanSlim Pots and Pans setups.............. Those who bought Boyd Gaming are winners, up 6% Link to comment Share on other sites More sharing options...
wndysrf Posted December 21, 2004 Author Report Share Posted December 21, 2004 Those who bought Intermagnetics are down 8% Link to comment Share on other sites More sharing options...
capitall Posted December 21, 2004 Report Share Posted December 21, 2004 "Zero Sum Game" continues for 9000 HedgeFunds. All are buying the IBD CanSlim Pots and Pans setups.............. Those who bought Boyd Gaming are winners, up 6% <{POST_SNAPBACK}> But those who bought RMBS won't be buying any yachts any time soon. Well, that's Las Vegas. You have some winners and some losers. Link to comment Share on other sites More sharing options...
Sudaca Posted December 21, 2004 Report Share Posted December 21, 2004 Emerging Market Debt Funds attracted $290 million of inflows last week alone, a new all time record as far as I can remmeber. 4 week moving average is now at a multiyear high oif $175 million. Every sell side trader with a book to protect has sold out of his last holdiongs. This is a major top in the making. Major. Link to comment Share on other sites More sharing options...
wndysrf Posted December 21, 2004 Author Report Share Posted December 21, 2004 This is why the market is going up: Inflows to stock and balanced mutual funds are projected to reach $330 billion this year, breaking the $307 billion record set in 2000, investment research firm Strategic Insight reported Tuesday. Story here. Link to comment Share on other sites More sharing options...
capitall Posted December 21, 2004 Report Share Posted December 21, 2004 Oh, Machine Head, I hope I didn't chase your Bareister friend off, with my remarks yesterday. Didn't mean to offend him-- although it is a fact that I do not understand his posts. It seems like you two enjoy joking with one another. Link to comment Share on other sites More sharing options...
soup Posted December 21, 2004 Report Share Posted December 21, 2004 tops take a damn long time, when the fed is buying every dip. Behind the curtain it is a bad scene. Link to comment Share on other sites More sharing options...
Guest Posted December 21, 2004 Report Share Posted December 21, 2004 Rimmsucking Link to comment Share on other sites More sharing options...
soup Posted December 21, 2004 Report Share Posted December 21, 2004 fed bending over backwards to keep the con game alive. Cmon, can you fricking beleive folks still accept dollars? Just a piece of fricking confetti. Lenin and Marx aint got nothing on statist alphie. Link to comment Share on other sites More sharing options...
dozer Posted December 21, 2004 Report Share Posted December 21, 2004 huh....wonder what that means for Fannie ? funny enough, her chart looks a lot like RIMM today... would love to see her spanked for 4 bucks in the morning! Link to comment Share on other sites More sharing options...
Guest Posted December 21, 2004 Report Share Posted December 21, 2004 correction over dong dong dong RF ID mania 2005 Link to comment Share on other sites More sharing options...
wndysrf Posted December 21, 2004 Author Report Share Posted December 21, 2004 Rimmsucking <{POST_SNAPBACK}> Yep, PoleAxed for $4 AH......... The RIMM OF FIRE for the mo-mo boyz.......... Link to comment Share on other sites More sharing options...
wndysrf Posted December 21, 2004 Author Report Share Posted December 21, 2004 4:23 [FNM] Fannie Mae board to announce exec changes shortly - WSJ If Raines gets fired, this stock is probably going to go up huge............. Obviously, set up for a huge move............ Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.