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Third Time Was Not The Charm

Tyler Durden's picture




 

Once again, credit markets have roared back to converge with equity's exuberance to close the day in line. Very soon after our earlier post on the divergence, the two bipolar markets began to converge rapidly. Will tomorrow's 4th time be the charm, we wonder?

 

We do note that Subordinated financials are underperforming still and we hope the Main-Equity arb traders made out well today from our earlier note.

Charts: Bloomberg

 

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Tue, 03/13/2012 - 14:02 | 2251038 French Frog
French Frog's picture

I keep telling ya, what is it that the equity market knows that the credit markets don't? /<s>

Tue, 03/13/2012 - 14:07 | 2251048 Cognitive Dissonance
Cognitive Dissonance's picture

There is no market (Neo).

http://www.youtube.com/watch?v=YXKFTzlBziI

Tue, 03/13/2012 - 14:08 | 2251060 espirit
espirit's picture

...only marks.

Tue, 03/13/2012 - 14:06 | 2251049 Clueless Economist
Clueless Economist's picture

That is OK as an Nobel Prize winning "established man" according to the ad, I can get all the smoking hot women I want.

Even with my Were-Wolfian feautures

Tue, 03/13/2012 - 15:13 | 2251356 LFMayor
LFMayor's picture

his hair was... Perfect!

Tue, 03/13/2012 - 14:06 | 2251050 espirit
espirit's picture

Pump and Dump. lol

Tue, 03/13/2012 - 14:08 | 2251068 Tsar Pointless
Tsar Pointless's picture

Pump and Dump. Then Pump and Dump. Then Pump and Dump.

Launder and repeat.

Tue, 03/13/2012 - 14:10 | 2251073 Gohn Galt
Gohn Galt's picture

Haha, I think everyone knows. 

Tue, 03/13/2012 - 14:07 | 2251059 The Axe
The Axe's picture

charts   are useless in this market...Fed controls everything

Tue, 03/13/2012 - 14:08 | 2251061 Dr. Engali
Dr. Engali's picture

Absolutely amazing. They have a firm grip on this market...for now.

Tue, 03/13/2012 - 14:08 | 2251062 q99x2
q99x2's picture

Main-Equity arb

Looks like each time the the gap closes someone gets a mouthful of money.

Interesting.

Tue, 03/13/2012 - 14:12 | 2251084 espirit
espirit's picture

Like the Fed says: "You can do no wrong - long".

Sicko joke of the day.

Tue, 03/13/2012 - 14:16 | 2251096 dr.charlemagne
dr.charlemagne's picture

what time does the fed statementget  released?

Tue, 03/13/2012 - 14:18 | 2251103 walküre
walküre's picture

Statement: The Fed has decided to discuss M&A with AAPL. They have real cash in their vaults. Not just silly IOUs.

Tue, 03/13/2012 - 14:41 | 2251209 juggalo1
juggalo1's picture

But But But  I thought the credit market leads and the equities follow!  I thought when they diverged that meant equity was wrong.  You lose at internets.

Tue, 03/13/2012 - 14:43 | 2251217 LongSoupLine
LongSoupLine's picture

Absolute horseshit!

Tue, 03/13/2012 - 14:51 | 2251260 firstdivision
firstdivision's picture

You can thank Fitch for getting a cheaper position.

Tue, 03/13/2012 - 21:27 | 2252624 cnhedge
cnhedge's picture

N's time will be the charm.  

 

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