Eagerly Awaiting That Jefferies CUSIP-Level European Exposure Update

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Sat, 11/05/2011 - 10:16 | 1848321 Mr Lennon Hendrix
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Wash, bitchez.

Sat, 11/05/2011 - 10:24 | 1848340 HoofHearted
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Really, baby, I truly love you..and I'll pull out before I cum too.

Sat, 11/05/2011 - 11:38 | 1848504 max2205
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There a phoney Fed Repo or a phoney CDS which makes it LOOK like a wash position. Who ya fooling JEF. And quit naked shorting my stocks FUCKTARDS

Sat, 11/05/2011 - 10:16 | 1848324 High Plains Drifter
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sounds to me like they are in big trouble....

Sat, 11/05/2011 - 10:29 | 1848326 bdc63
bdc63's picture

Really, Jefferies? -- make promises on something like this and then don't follow through?  So your plan all along was just to make it through market close on Friday (geez, I hope you got the word out to all your buddies to sell between 3:30pm and 4:00pm - it would be a shame to think any of them got hurt by this)?

I guess Monday you'll figure something else out to announce at 3:30pm to rally your stock.  It will be interesting to see how long you can keep this game going - and you better make it REALLY GOOD this time, 'cause the sharks smell blood in the water.

Sat, 11/05/2011 - 13:25 | 1848735 Alea Iactaest
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How far we've come in a week. I'd take a bet that on Monday they'll pull an MF Global. SSDD.

Sat, 11/05/2011 - 13:49 | 1848804 Alea Iactaest
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And in case you missed it, it's nice to know that at MF Global: ‘We Have Convictions’

Sat, 11/05/2011 - 10:20 | 1848328 Schmuck Raker
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Who ya gonna believe? Jefferies?

Or Tyler Egan Durden-Jones, Esq.?

Sat, 11/05/2011 - 10:20 | 1848329 Eireann go Brach
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Timmay won't answer his phone as "Dick Handler" does not want to "drop the ball" on what he releases without the Tax Cheats blessing!

Sat, 11/05/2011 - 10:24 | 1848342 SilverIsKing
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Is "oops" a word?

Sat, 11/05/2011 - 10:31 | 1848355 infinity8
infinity8's picture

signed "Peregrine Broadbent" - where the fuck do these people come from?

Sat, 11/05/2011 - 13:12 | 1848705 Golden Boy
Sat, 11/05/2011 - 10:48 | 1848373 Schmuck Raker
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That isn't what we're looking for.

Tyler had that up with yesterday post  Here.

Sat, 11/05/2011 - 10:27 | 1848349 trampstamp
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Here is what they released to their customers privately.


Sat, 11/05/2011 - 10:29 | 1848352 Cult_of_Reason
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I wonder how many warning signs the bullish equities herd needs to abandon their end-of-the-year Santa Claus rally hopes?

1. Dexia failed.
2. MF Global failed.
3. Jefferies is a dead man walking.
4. Greece is teetering on the brink.
5. Italy 10-year bonds yield is 6.4% -- approaching the endgame.
6. CME is forced to raise margin requirements on "all products" secondary to liquidity squeeze.
7. No QE3 money printing from the Fed.
8. Etc.

Sat, 11/05/2011 - 10:32 | 1848356 trampstamp
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Let's not forget Mr. Bernanke said we will see financial instability for the next couple of years and to trade at your own risk.

Sat, 11/05/2011 - 10:33 | 1848359 bdc63
bdc63's picture

You're right Cult_of_Reason.  We are near the tipping point ... just a couple of black swans away.  Jefferies failing, a couple of Whitney's muni failures coming to fruition, and talk of an Italian haircut should do the trick.

Sat, 11/05/2011 - 10:36 | 1848364 bdc63
bdc63's picture

deleted - dupe

Sat, 11/05/2011 - 10:44 | 1848374 HD
HD's picture

Are you kidding? Perma bulls are still high on hopium because they have been held up and bailed out for three years come rain or shine. Much of the street has forgotten what moral hazard really is. They feel entitled to zirp, QE and intervention galore - all while pissing on the OWS.

Reality when it FINALLY hits - will be brutal to those in a Fed induced hopium haze.

Sat, 11/05/2011 - 23:11 | 1849793 Buck Johnson
Buck Johnson's picture

Your spot on.  Also Jeffries wouldn't be doing this unless someone who outed them in that rumor knew they where in trouble.  And all they are doing is trying to obfuscate that they aren't.  I bet anything that something about Jeffries will come out on Sunday, because with this many protests and issues from the company they are panicking.  Somebody or bodies put that rumor out and if they did that what else will they put out about Jeffries.

Sat, 11/05/2011 - 10:34 | 1848360 El Gordo
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The dog ate the list.

Sat, 11/05/2011 - 10:55 | 1848398 Miss Expectations
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Every formula cell?  How is that possible?

FIX IT!  Zero Hedge has us on death watch!  One more headline and we're toast.

Sat, 11/05/2011 - 11:04 | 1848419 Threeggg
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Don't worry the Benny-n-jets printer will have er' fixed up in a jiffy

Sat, 11/05/2011 - 11:13 | 1848446 Mr Lennon Hendrix
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Lloyd, is that you?

Sat, 11/05/2011 - 11:23 | 1848469 mikash99
Sat, 11/05/2011 - 12:19 | 1848587 ziggy59
ziggy59's picture

Check JPM for the list.. It will probably show up there too..

Sat, 11/05/2011 - 12:21 | 1848589 ThirdCoastSurfer
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 "last time we checked, ....profit, means taking one side of the bet."

Thank you ZH. In this world of sanity, how else could I confirm my insanity if not to find a kindred logic.  To be net-net zero means the bills go unopened and the salaries go unpaid, but to JEF (& almost everyone else), it means solvency because of something called unlimited debt. 

Sat, 11/05/2011 - 12:34 | 1848632 Biggvs
Biggvs's picture

So Jefferies is net SHORT the Italians?

DV01 +36k in Italian debt, plus DV01 -42k in futures (see note at top of page) = -6k DV01 in Italy?

Sat, 11/05/2011 - 12:52 | 1848670 slewie the pi-rat
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"Why Jefferies would use up enough of its balance sheet to amount to 77% of its stockholders' equity for a trade that is nothing but a wash, in Jefferies' words, is something we urge clients, shareholders, bondholders and employees to think long and hard on..."

slewie has frequent long, hard thoughts, and likes contests, too!

- the first to figure out which CUSIPs are short, and when they were put on, gets a free Zero Hedge hat.

the answer is definitely maybe, so send it to slewie!  yay!  new hat, BiCheZ!

Sat, 11/05/2011 - 13:09 | 1848697 luna_man
luna_man's picture

I'm thinkin...I just know..."Zero Hedge" hat, would look good on me!


If, Tyler couldn't figure it out...I'm gonna have to dig deep and buy one!...Do they come in xxxlg?

Sat, 11/05/2011 - 13:15 | 1848710 prodigious_idea
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For disclosure, I trade equity options, almost exclusively.  Lately I've been focusing on the banks and traded JEF options last week.  A rookie question (that I should know the answer to) for any of you sophsticated posters:  Does short interest ONLY include stock sold short - not equity options.  In other words, is there a metric that includes short stock PLUS Long Put positions and Short Call positions?  Thanks in advance for replies.

Sat, 11/05/2011 - 13:38 | 1848767 NOTW777
NOTW777's picture

in this upside down world, isn't it bad to be short euro sovereign debt?  cant the euro powers that be just give out haircuts at will?  do cds even mean anything?

one could be right and still lose

Sat, 11/05/2011 - 13:43 | 1848785 Dr. Nancy
Dr. Nancy's picture

All that's happening is predictable, as there are 7 stages that every major economy goes through. Those who know how it works profit & massive wealth is transferred to them. Several months ago I learned this information from a millionaire whose site I found & am sharing it with everyone I know.

His free video

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Hope this info helps everyone as much as it has me.

Dr. Nancy

Sat, 11/05/2011 - 14:31 | 1848888 slewie the pi-rat
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please join me in junking this ^ shitheaded fuking troll

Sat, 11/05/2011 - 20:08 | 1849553 MarcusLCrassus
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>taking financial advice from a guy named "dick handler"


Sun, 11/06/2011 - 10:11 | 1850322 DollarDive
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So..... who's the counterparty on the short positions ? 

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