Jump to content

IDS World Markets Fri 20th February 09


Recommended Posts

  • Replies 375
  • Created
  • Last Reply
Crapvision just reported that Roubini has a new missive declaring this "the third or fourth inning in a long painful process"

 

 

 

So I guess it's not as bad as we figurd

 

 

:rolleyes:

 

Unless it's a double header, and we go into extra innings.....

 

OOOOOOOOO-FAAAAAAAAAA

 

 

BUY STOCKS !!!

Link to comment
Share on other sites

corpo bonds wins with equity

http://www.bloomberg.com/apps/news?pid=206...&refer=bond

 

Corporate Bond Trading Highest Since ?07 as Credit Freeze Thaws

Feb. 20 (Bloomberg) -- Corporate bond trading in the U.S. is rising to the highest in two years, adding to evidence that credit markets are thawing even with stocks off to their worst start since the 1920s as the recession deepens.

 

An average $17.1 billion of corporate bonds traded daily this month, compared with $17.7 billion in January, according to the Financial Industry Regulatory Authority. The business is up from last year?s low of $9.4 billion in August and reached the highest level since February 2007, Finra data show.

 

?We saw just dramatic increases in our corporate business,? said Dan Leland, head of taxable capital markets at Dallas-based Southwest Securities, a unit of SWS Group Inc. ?One of the last places you can get an attractive yield with relative safety is in the corporate arena. The equity markets just continue to deteriorate.?

 

 

Thanks for the excellent posts. :D

Link to comment
Share on other sites

Brought over from M2M...

 

My comment: MGM, Harrahs, Las Vegas Sands, Wynn, etc etc etc are all going to file for BK.....they all have too much debt.

 

Trump, Tropicana, and Station Casinos have already started the flow.

 

DIP financing is readily available for the right companies in the right industries.

 

Bottomline though, the number of companies filing BK this year and into next will be EPIC. What this implies for stocks is utter devastation with many hundreds/thousands of companies being zeroed out forever, bond holders need to be careful too, but after the washout the bondholders will emerge with all the equity + restructured debt in these firms.

There goes revenue to a location near you. Gross gaming revenues have declined EVERY month since July of 2008.

 

http://www.americangaming.org/Industry/fac...etail.cfv?id=39

 

The aftermath....What do you do with a building with 5,000 rooms

post-2160-1235142198.jpg

Link to comment
Share on other sites

6D5B3F5A324F4CEB9584241D7C6F4C97.jpg

 

Don't ya think we'll get this response when we actually capitulate? Actually, we will probably have to blame the shorts for any rocket launch.

 

From Matt: February 20th, 2009 at 9:48 am

Volume in the first 15 minutes of trading for SPY, QQQQ, IWM, and XLF was roughly the same as the same period on Tuesday morning. I?m not seeing any signs of a capitulation yet. http://www.trivisonno.com/fridays-trading-22009#comments

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...