• Shorting U.S. Treasuries, a Historic Sucker Bet
    MKC_Global
    03/11/2010 - 19:24
    The immensely popular investment idea, namely to short U.S. Treasuries, may be the largest sucker bet in many, many years. Instead, buying longer duration government bonds (U.S, European or Japanese) before the final stage of an epic 30 year bull market could prove to be one of the smartest trades of the last decade.
  • Return of the Pension Fund Fudge?
    Leo Kolivakis
    03/11/2010 - 23:59
    The UK National Association of Pension Funds has called for an overhaul of accounting rules that govern the disclosure of company retirement liabilities, arguing that these are intellectually flawed and partly to blame for the widespread closure of schemes. The move is hugely significant, not only for the UK but around the globe. The UK led the big revolution in pension fund accounting over the past 10 years to value assets and liabilities of a scheme at a snapshot of current market values.

Leaking Credit Ignoring Sudden Dollar Strength As Stocks Trade With Every Tick Of The DXY

Tyler Durden's picture
Submitted by Tyler Durden on 02/08/2010 11:17 -0500



As always, a much more rational credit market is not following the sudden intraday exuberance of stocks, which are trading in lock step with the DXY and specifically the EUR-JPY pair: every correlation engine is primed to copy step for step how the Euro and Yen trade in the stock market. With all indices green for the day, the culprit is solely the DXY which has taken a downleg over the past 30 minutes for no particular reason. In the meantime IG, HY, SovX and, yes the STUPIDs, have all put their fireman's hat on: IG is 2.5 wider, HY is 15 wider, SovX is 6 wider to 112, the UK passed a hundred and the prevalent STUPIDity is surging to 242 from 235, another recent record.

 

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by Mr Lennon Hendrix
on Mon, 02/08/2010 - 12:44
#222254

Could this be the top for the dying doelarr?  The Double Xrossed Y is looking winded.  This reminds me of an 'Merican walking a marathon only to stop for a burger half way through.  The sun might be setting on this king today.  Personally I am beginning to think that DJ 10,000 is the number the PPT and Morgan's Market Manipulators want to see as the bottom of this leg.  Let there be light!  Buy silver!

by abalone
on Mon, 02/08/2010 - 15:40
#222443

Where's the FED today?

by john_connor
on Mon, 02/08/2010 - 13:13
#222291

Credit always goes into hiding before the proverbial sh!t hits the fan.  Plus financials are weak and we have three straight days of longer dated note and bond auctions coming up. 

I wouldn't want to be long here.

by Astute Investor
on Mon, 02/08/2010 - 13:29
#222308

Credit smarter than equities in everyway...

by Anonymous
on Mon, 02/08/2010 - 14:31
#222375

We are all currency traders, now.

...unexpectedly...

by abalone
on Mon, 02/08/2010 - 16:14
#222485

Can we expect to see the reverse of what happened to equities occur with the USD...that is it will remain overbought for months!

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