Comments on: MUST READ: A TWO PART CREDIT CRISIS http://pragcap.com/must-read-a-two-part-credit-crisis Fri, 19 Mar 2010 00:21:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: prescient11 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1886 prescient11 Wed, 10 Jun 2009 15:56:37 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1886 TPC, actually SEF is the lowly, never traded single short financials, so no leverage decay issues. TPC, actually SEF is the lowly, never traded single short financials, so no leverage decay issues.

]]> By: Jay (marketfolly) http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1879 Jay (marketfolly) Wed, 10 Jun 2009 09:39:37 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1879 great stuff thanks for sharing! gonna link it up here on my weekly linkfest. Jay BTW I love your blog! great stuff thanks for sharing! gonna link it up here on my weekly linkfest.

Jay
BTW I love your blog!

]]> By: Jay (marketfolly) http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1877 Jay (marketfolly) Wed, 10 Jun 2009 04:32:57 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1877 great stuff thanks for sharing! gonna link it up here on my weekly linkfest. Jay great stuff thanks for sharing! gonna link it up here on my weekly linkfest.

Jay

]]> By: Shanky http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1876 Shanky Wed, 10 Jun 2009 03:16:12 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1876 TPC - well done. I mostly agree, but am not positive that we are near being out of the woods on the credit side. Too much stuff off the books and CRE still to go. We got a ways to go for this whole bear market to play out and this rocket is just dumping the primary tanks. Don't think we're even close to getting in orbit yet where we stay for a while. Thanks for all you do. TPC – well done. I mostly agree, but am not positive that we are near being out of the woods on the credit side. Too much stuff off the books and CRE still to go. We got a ways to go for this whole bear market to play out and this rocket is just dumping the primary tanks. Don’t think we’re even close to getting in orbit yet where we stay for a while. Thanks for all you do.

]]> By: TPC http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1874 TPC Wed, 10 Jun 2009 02:38:45 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1874 Those 2X and 3X funds are whacky prescient. I don't know how anyone trades them. They don't appear to correlate to their underlying index and the volatility makes risk management nearly impossible. Be careful diving into those things.... Those 2X and 3X funds are whacky prescient. I don’t know how anyone trades them. They don’t appear to correlate to their underlying index and the volatility makes risk management nearly impossible. Be careful diving into those things….

]]> By: prescient11 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1872 prescient11 Wed, 10 Jun 2009 02:29:00 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1872 SEF I meant, not SKF. SEF I meant, not SKF.

]]> By: prescient11 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1871 prescient11 Wed, 10 Jun 2009 02:25:31 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1871 just kidding on skf, but i meant sef, which doesn't have the decay of skf. just kidding on skf, but i meant sef, which doesn’t have the decay of skf.

]]> By: prescient11 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1870 prescient11 Wed, 10 Jun 2009 02:23:54 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1870 TPC, Yes, we have all been pounding the table on this. Absolutely. Gonna build a position in skf until I'm right. TPC,

Yes, we have all been pounding the table on this. Absolutely. Gonna build a position in skf until I’m right.

]]> By: HankB http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1856 HankB Tue, 09 Jun 2009 18:53:12 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1856 Awesome stuff tpc. Awesome stuff tpc.

]]> By: TPC http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1855 TPC Tue, 09 Jun 2009 17:36:32 +0000 http://pragcap.com/must-read-a-two-part-credit-crisis#comment-1855 Yoyo, There is no doubt in my mind that the government orchestrated the rally of the last 3 months. Whether they directly manipulated prices is another story, but they certainly lined up a series of events that you simply couldn't short in front of and essentially had to buy in front of. You're probably familiar with my posts on the government run rally. I have no evidence that suggests they are directly manipulating prices though. I am no conspiracy theorist, but common sense tells me that U.S. government isn't going to side by idly while the greatest empire of the last 300 years implodes on their front doorstep. They can and should do everything to save the markets. Whether that is in-line with their "free market" ideals is likely not important to them. Obama has made it abundantly clear that he will do whatever it takes to save the economy - even if it includes practices that are not entirely capitalist.... Yoyo,

There is no doubt in my mind that the government orchestrated the rally of the last 3 months. Whether they directly manipulated prices is another story, but they certainly lined up a series of events that you simply couldn’t short in front of and essentially had to buy in front of. You’re probably familiar with my posts on the government run rally. I have no evidence that suggests they are directly manipulating prices though.

I am no conspiracy theorist, but common sense tells me that U.S. government isn’t going to side by idly while the greatest empire of the last 300 years implodes on their front doorstep. They can and should do everything to save the markets. Whether that is in-line with their “free market” ideals is likely not important to them. Obama has made it abundantly clear that he will do whatever it takes to save the economy – even if it includes practices that are not entirely capitalist….

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