This entry was posted on Friday, February 15th, 2008 at 2:15 pm and is filed under Music.
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The Fly has done alright lately, I must admit. Any stock market trader should be concerned first and foremost about the long trend of the market. Flipping from bullish to bearish within the last three months as The Fly has done was a good call.
The top 3 components of SKF (BAC,JPM,C) are also the top 3 credit default swap portfolio holders. Their combined CDS portfolios are $12.4 T, their combined market cap is $0.5T. #4 SKF component AIG has an overall credit derivatives portfolio of $500B with a book value a bit over $100B
Corporate credit quality (and CDS market stability) has been at historical highs, but you don’t want to hop in your time machine and see what’s in store here, unless you like the idea of watching “300″ with a cast of trillions…
Classic tune.
Holy crap, that’s the Batmobile they’re driving!
February 15th, 2008 at 2:24 pmThis is the Raptor speaking:
The Fly has done alright lately, I must admit. Any stock market trader should be concerned first and foremost about the long trend of the market. Flipping from bullish to bearish within the last three months as The Fly has done was a good call.
We are in a bear market - adjust accordingly.
As promised, I’m recapping my trade proposal from jan-16:
http://www.ibankcoin.com/flyblog/index.php/2008/01/16/no-reason-to-buy-stocks/
On thursday, I hedged my position at 2.1815 and booked almost 8 figures of profit (if any of you clowns knows what that means).
Instead of jerking around in the stock market, you could have engaged in this strategy and, like me, made a killing without risking much capital.
Have a plesant evening.
February 16th, 2008 at 7:07 amAbout time you put some music worth listening to on your site.
February 16th, 2008 at 1:58 pmI was bummed that the top components behind SKF were relatively solid banks. No more worry.
http://www.nytimes.com/2008/02/17/business/17swap.html?_r=1&hp&oref=slogin
The top 3 components of SKF (BAC,JPM,C) are also the top 3 credit default swap portfolio holders. Their combined CDS portfolios are $12.4 T, their combined market cap is $0.5T. #4 SKF component AIG has an overall credit derivatives portfolio of $500B with a book value a bit over $100B
Corporate credit quality (and CDS market stability) has been at historical highs, but you don’t want to hop in your time machine and see what’s in store here, unless you like the idea of watching “300″ with a cast of trillions…
February 17th, 2008 at 11:37 am