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Moody modulation


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w?s=%5EAORD

 

 

All Ords finished neatly against resistance with a minor gain of +0.4%. Financials and Gold, both +1%, were the leading sectors ranging down to IT -0.8%.

 

Mixed in Asia: China -0.4%, Honkers flat, India +0.4% and Nikkers -0.1%.

 

 

On to UK/Europe:

 

 

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image;size=239x110

 

 

 

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AND THE WINNER IS>>>>

 

Owners of Greek bonds get 23 cents in the $

 

Owners of Greek CDS get 77 cents.

 

This is the future.

 

Now for an ETF for US Treasury Credit default swaps!!!

 

that would be nice.

 

Actually the owners of the CDS get 100 cents (23 +77) assuming they held the underlying

 

Just sayin'

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