Archive - Jan 31, 2009
Weekly Chart Overview
Submitted by Tyler Durden on 01/31/2009 22:23 -0500Reading some GS equity weekly data. Key charts are presented below.
Note: as have been getting this question quite a bit, GS has the following most recent 2009 and 2010 Earnings estimates for the S&P500 (according to GS equity team; would imagine their credit teams has much different conclusions: see UBS case):
The ISDA CDS Settlement Auction is A Hidden Goldmine for Cash-Rich Accounts
Submitted by Tyler Durden on 01/31/2009 20:20 -0500When I discussed the basis trade opportunity, the conclusion was that arbitrage in the secondary (and by extension primary) market exists due to significant dislocations in liquidity. Sure, one can argue that immediate culprits for the arbitrage have to do with counterparty risk and funding costs, which makes sense, but those are merely derivatives of the liquidity disconnects between different brokers, their accounts, and any permutations thereof.
