cwd Posted July 26, 2007 Report Share Posted July 26, 2007 Peru made history last week, as it came out with 1.4 billion bucks worth of 30yr local currency debt that the market (foreigners and locals) gobbled up. It was the largest and longest local currency debt issue in emerging market history. A couple of months ago, I posted here that I had completed the largest sale of local debt of our portfolio ever. This is a chart of the Peruvian 2026 local currency bond that I sold entirely when it was yielding 6.00%. Hall of Fame material... 594094[/snapback] Well done Link to comment Share on other sites More sharing options...
I_Am_Madness Posted July 26, 2007 Report Share Posted July 26, 2007 ES did a 25 point ramp from the lows... Bear market rallies are great!!! Link to comment Share on other sites More sharing options...
LeeWhee Posted July 26, 2007 Report Share Posted July 26, 2007 Interesting comment on Minyanville from a guy who was head Treasury trader for 15 years for two major primary dealers: ---Massive loss of confidence among young traders who have never seen a lack of liquidity ---There aren't enough seasoned, weathered traders to deal with this mess ---Traders don't know how to deal with illiquidity as they are used to a permanent bid and always tighter spreads ---Dealers are bidding 10 pts back of normal because they already have too much inventory ---In many cases, there is no market ---Inventories at the banks is huge and they will have to geet marked to market next week causing many funds to go under ---We need one headline like 'Buffett to buy Chrysler deal' to clean up market Link to comment Share on other sites More sharing options...
Jimi Posted July 26, 2007 Report Share Posted July 26, 2007 Anyone seen the Simpsons movie yet? 594137[/snapback] Isn't that the one that features the giant orange glazed doughnut? Link to comment Share on other sites More sharing options...
Bungster Posted July 26, 2007 Report Share Posted July 26, 2007 594130[/snapback] Suds I usually look for lower lows at least 3 weeks out before batting from the other side... It looks like that should not be hard with these readings.. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted July 26, 2007 Report Share Posted July 26, 2007 Those kids could always go to work in China. Link to comment Share on other sites More sharing options...
cwd Posted July 26, 2007 Report Share Posted July 26, 2007 So who's playing buy the closing LOD sell the open tick the next day? Works (almost) every time. 594101[/snapback] They are touting that on CNBS now, saying on 6 of 7 big down days up 150 points the next day. Link to comment Share on other sites More sharing options...
crazy_ate Posted July 26, 2007 Report Share Posted July 26, 2007 Keep looking up douche.......HE ain't gonna help ya! Link to comment Share on other sites More sharing options...
elh Posted July 26, 2007 Report Share Posted July 26, 2007 Interesting comment on Minyanville from a guy who was head Treasury trader for 15 years for two major primary dealers: ---Massive loss of confidence among young traders who have never seen a lack of liquidity ---There aren't enough seasoned, weathered traders to deal with this mess ---Traders don't know how to deal with illiquidity as they are used to a permanent bid and always tighter spreads ---Dealers are bidding 10 pts back of normal because they already have too much inventory ---In many cases, there is no market ---Inventories at the banks is huge and they will have to geet marked to market next week causing many funds to go under ---We need one headline like 'Buffett to buy Chrysler deal' to clean up market 594143[/snapback] So what yer saying is that we have to now worry about Pigmen unloading T's in addition to Wu Yi & Fukui? Sounds good to me. Link to comment Share on other sites More sharing options...
LeeWhee Posted July 26, 2007 Report Share Posted July 26, 2007 On a more bullish note, the damage in biodreck quite minor. I'm definitely starting to get a good i/t vibe off this group. Bought a few small exploratory positions this week. Perhaps not the best timing, but will be watching this sector for further signs of life. Link to comment Share on other sites More sharing options...
LeeWhee Posted July 26, 2007 Report Share Posted July 26, 2007 So who's playing buy the closing LOD sell the open tick the next day? Works (almost) every time. 594101[/snapback] They are touting that on CNBS now, saying on 6 of 7 big down days up 150 points the next day. 594147[/snapback] Well, the SPX is already 20pt off the lows and the Sow is up 150 pts. So maybe we already had tomorrow's rally. Link to comment Share on other sites More sharing options...
crazy_ate Posted July 26, 2007 Report Share Posted July 26, 2007 You IDIOTS........wha ha ha ha ha ha ha ha ha Link to comment Share on other sites More sharing options...
elh Posted July 26, 2007 Report Share Posted July 26, 2007 Just wanted to note that someone named "Hank Paulson" put in a 6M block order on the Spooz to prop up this turd. 6M shares don't buy what is used too. Link to comment Share on other sites More sharing options...
Bungster Posted July 26, 2007 Report Share Posted July 26, 2007 On a more bullish note, the damage in biodreck quite minor. I'm definitely starting to get a good i/t vibe off this group. Bought a few small exploratory positions this week. Perhaps not the best timing, but will be watching this sector for further signs of life. 594150[/snapback] Not sure about the group but AFFX swam against the tide today... Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted July 26, 2007 Report Share Posted July 26, 2007 I think I only saw a small gap in the SOW around 13,706 the rest was just steady selling on down. Link to comment Share on other sites More sharing options...
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