• Think Twice Before Buying That Vacation Home
    madhedgefundtrader
    03/21/2010 - 23:53
    A meltdown of Biblical proportions hits the vacation home market. A market plagued by giant snow drifts and burst pipes. Cash out refi’s have come back to haunt. Sales on the county court house steps at prices down 60%-70% from the 2006 peak. Jumbo financing is now an extinct species. A shortened school year has killed the rental market. A “bear” market of a different sort. Care to join Fredo Corleone?
  • Investor Sentiment: Going Forward
    thetechnicaltake
    03/21/2010 - 23:03
    This past week the S&P500 made a marginal new high at 1159. Since the last marginal new high 9 weeks ago, the S&P500 has made 1.2% and along the way it had a 7% draw down. In my opinion, that's the path to the poor house - not the end of the rainbow.

November 12 CDS Heatmap

Tyler Durden's picture
Submitted by Tyler Durden on 11/13/2009 17:27 -0500



As expected, yesterday was a CDS bloodbath straight out of Kandinsky Composition VIII. Today's action, which we will post later, will be a page out of Picasso's blue period. The market, even the formerly rational CDS one, is now a leveraged gyrator, which moves only based on how much daily pounding Bernanke feels like administering to the middle class by round-housing each and every green-tinted portrait of Washington, Hamilton, Jackson, Grant and Franklin (and a few more, less memorable ones) that the bald Chairman encounters.

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by etrader
on Fri, 11/13/2009 - 18:08
#130253

Its FDIC friday :-)

2 out the game in Fl

Orion Bank, Naples, FL
Century Bank, FSB, Sarasota, FL

 

by HedgeRoulette
on Fri, 11/13/2009 - 19:30
#130329

Fabulous resemblence - Seems like some must have missed the Composition VII...
..."Kandinsky's seventh Compositions is the Apocalypse, or the end of the world as we know it"...!
Tasteful journalism. Terrible reality.

by Tyler Durden
on Fri, 11/13/2009 - 19:41
#130336

Something else trivial: Composition VII (the prequel to the current situation) was completed in 1913, the year the Federal Reserve was created.

by HedgeRoulette
on Fri, 11/13/2009 - 19:59
#130360

++1
I am also amazed that PIMCO's most recent "Slogan" sounds straight out of Bauhaus! (the Country B in your earlier reference to PK today)!

by Anonymous
on Sat, 11/14/2009 - 10:43
#130617

Can you please tell me what the source is for the heatmap data? Thank you.

by panda6
on Sat, 11/14/2009 - 13:53
#130720

cds market has never been "rational"....it's purely driven by technicals.

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