4shzl Posted September 19, 2008 Report Share Posted September 19, 2008 10 year Treasury yields up 33 bp at 3.80. wow. 690612[/snapback] WOW!! = 2-yr. note. Yesterday's low: 1.35% Today's high: 2.20% EIGHTY-FIVE BASIS POINTS -- count 'em: 85! Link to comment Share on other sites More sharing options...
Trader Joe Posted September 19, 2008 Report Share Posted September 19, 2008 Usually you guys have Mickey slipping on the soap...today, well...., let's just say today is different Link to comment Share on other sites More sharing options...
Jetlag Posted September 19, 2008 Report Share Posted September 19, 2008 remember where the SPY's Max Pain was some days ago? 127 Where are the futures now? S&P 500 1,268.20 Questions? They stole billions from put holders, probably the finaglers who wrote those puts were naked and would be taken out if we closed below 1200. Link to comment Share on other sites More sharing options...
crooked_analyst Posted September 19, 2008 Report Share Posted September 19, 2008 This just in:*U.S. TREASURY TO REPAIR TOM BRADY'S DAMAGED KNEE, EXPECTED TO PLAY SUNDAY 690620[/snapback] *UPDATE: FED EXPECTED TO INJECT 35 POINTS BEFORE THE OPEN TO INSURE A GOOD GAME Link to comment Share on other sites More sharing options...
crooked_analyst Posted September 19, 2008 Report Share Posted September 19, 2008 This just in:*U.S. TREASURY TO REPAIR TOM BRADY'S DAMAGED KNEE, EXPECTED TO PLAY SUNDAY 690620[/snapback] deleted...no idea how it posted twice... Link to comment Share on other sites More sharing options...
An Ant Posted September 19, 2008 Report Share Posted September 19, 2008 remember where the SPY's Max Pain was some days ago? 127 Where are the futures now? S&P 500 1,268.20 Questions? They stole billions from put holders, probably the finaglers who wrote those puts were naked and would be taken out if we closed below 1200. 690633[/snapback] I thought when underlying security is far away from max pain then delta hedging causes it to go even more away from max pain. Perhaps that happens only when it's ABOVE max pain. Link to comment Share on other sites More sharing options...
Mies van der Rump Posted September 19, 2008 Report Share Posted September 19, 2008 SKF at 88, COF at 60...wow. They also lifted the restriction on company stock buybacks. Wonder if they will pile on more shareholder debt to finance stock price increases. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 19, 2008 Report Share Posted September 19, 2008 Anyone buying puts today? I'm looking at some XLF Dec 21s & 22s here. After the a$$ blast, premium might climb over the next few weeks. Link to comment Share on other sites More sharing options...
potatohead Posted September 19, 2008 Report Share Posted September 19, 2008 OK. These are firsts.The Fed has never before directly purchased Agencies. Until now it has been Treasuries only. Second, the Fed will now finance worthless ABCP purchases. This is certain debasement of the currency. Non-recourse. Wow. They plan on accelerating the bankrupting of the US government. 690611[/snapback] I have been a broker and investment advisor and fund manager for 16 years...This news makes me feel there is no where safe to put your money except gold and silver......For the last 2 years I have had many clients in a Treasury only mmkt fund. With this news they are not going to keep up with inflation. Makes me want to hang my hat up. I do not feel the risk reward is favoring this business. The financial services industry is dead.... Link to comment Share on other sites More sharing options...
Jimi Posted September 19, 2008 Report Share Posted September 19, 2008 690599[/snapback] This time, I absolutely agree. Everyone should probably print out your post and stick it on a bulletin board to remember the good ol' days. Link to comment Share on other sites More sharing options...
Trader Joe Posted September 19, 2008 Report Share Posted September 19, 2008 Anyone buying or selling anything in the first hour this AM is a friggin idiot.... I'll be looking for some FXP, SKF, SMN, etc etc etc when this settle down. Whether that's today or not, still too early to tell Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2008 Report Share Posted September 19, 2008 3 day cycle projection 1265 Link to comment Share on other sites More sharing options...
prancing_cow Posted September 19, 2008 Report Share Posted September 19, 2008 ZION - $101 a for second - now $55 - was $33 just .... 12 hours ago. Link to comment Share on other sites More sharing options...
Jetlag Posted September 19, 2008 Report Share Posted September 19, 2008 I thought when underlying security is far away from max pain then delta hedging causes it to go even more away from max pain. Perhaps that happens only when it's ABOVE max pain. 690636[/snapback] I'm talking about outright manipulation, not financial theory. Link to comment Share on other sites More sharing options...
Jimi Posted September 19, 2008 Report Share Posted September 19, 2008 I have been a broker and investment advisor and fund manager for 16 years...This news makes me feel there is no where safe to put your money except gold and silver......For the last 2 years I have had many clients in a Treasury only mmkt fund. With this news they are not going to keep up with inflation. Makes me want to hang my hat up. I do not feel the risk reward is favoring this business. The financial services industry is dead.... 690639[/snapback] Sheila Baird getting interviewed by the idiots on the floor of the NYSE just said FDIC insurance "is as good as gold." Oh. The effing irony. Link to comment Share on other sites More sharing options...
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