tag:blogger.com,1999:blog-1258979445050968882.post6041197113331327688..comments2023-11-26T06:55:42.401-05:00Comments on [ The Financial Ninja ]: Citirgroup Earnings, Downgrades and LIBORBen Bittrolffhttp://www.blogger.com/profile/12465978905157927856noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-1258979445050968882.post-1851836752075708482012-04-05T03:43:13.310-04:002012-04-05T03:43:13.310-04:00The planet PANDORA charms cheap ( space ) A new T...The planet <a href="http://www.pandorashop-usa.com/pandora-charms-cheap" rel="nofollow"><strong>PANDORA charms cheap</strong></a> ( space ) A new Track record<br />The planet pandora is renowned for it really is graceful overlook towards old classic elegance pendant (offered found in Late 90s). And yet lurking behind his or her path becoming a world-renowned rings clients are a painless report of one\'s Danish goldsmith with the exceptional lady eager to show the efforts considering the environment.cameo zhanghttps://www.blogger.com/profile/10299722666087504263noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-25772416568886579322008-04-19T01:29:00.000-04:002008-04-19T01:29:00.000-04:00Okay, I'm looking at a chart of $LIBOR and it show...Okay, I'm looking at a chart of $LIBOR and it shows a loss of 4 bp for the week, yet this blog talks about it spiking. What am I missing?thedocumenthttps://www.blogger.com/profile/07987103610792079395noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-9068119852643381872008-04-18T12:18:00.000-04:002008-04-18T12:18:00.000-04:00A naive question, why the market goes up? Short co...A naive question, why the market goes up? Short covering? The market manipulated by the media, for instance, CNBC? I'm just feeling fooled!!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-81969144220744989882008-04-18T12:07:00.000-04:002008-04-18T12:07:00.000-04:00ok sweet, thats what seemed most logical to me. t...ok sweet, thats what seemed most logical to me. thanks benscotthttps://www.blogger.com/profile/17925729431261811483noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-58662188467073981622008-04-18T11:59:00.000-04:002008-04-18T11:59:00.000-04:00Scott,Of course. Nobody is actually expecting real...Scott,<BR/><BR/>Of course. Nobody is actually expecting real rate hikes. This is just what happens when people get squeezed out of their positions.<BR/><BR/>The EDs track LIBOR. LIBOR is spiking... nuff said.Ben Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-20438500648704881422008-04-18T11:21:00.000-04:002008-04-18T11:21:00.000-04:00in regards to the comment about the market pricing...in regards to the comment about the market pricing in hikes via eurodollar futures. is it possible that the market for this contract is not reflecting expected central bank hikes, but rather reflecting raw supply demand for short term money? i really think i am missing a big piece of puzzle that i need to understand the situation. can someone just talk about this a little morescotthttps://www.blogger.com/profile/17925729431261811483noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-82992226000870462962008-04-18T10:59:00.000-04:002008-04-18T10:59:00.000-04:00Alex,Sentiment can only go so far.A lot of this is...Alex,<BR/><BR/>Sentiment can only go so far.<BR/>A lot of this is technical too. It doesn't help that the short position in Citigroup is MASSIVE.<BR/><BR/>The short positions in equities as a whole are at record levels. This isn't necessarily a contrarian signal, but it does make for fun moves when positions get squeezed.Ben Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-60897584264907074202008-04-18T10:51:00.000-04:002008-04-18T10:51:00.000-04:00Ben, what's to stop the Bulltards' sentiment from ...Ben, what's to stop the Bulltards' sentiment from persisting indefinitely, and acting as a buoy to these shares? I.e. what will be the catalyst for the next leg down?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-89026773469525477162008-04-18T10:04:00.000-04:002008-04-18T10:04:00.000-04:00Interesting, my first thought was 'it's about time...Interesting, my first thought was 'it's about time!' As bad as it will be, this will at least help control inflation and force a bit more honesty into the system will it not?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-62998919760779381742008-04-18T09:51:00.000-04:002008-04-18T09:51:00.000-04:00Mab,The way its stands right now, EDs are forecast...Mab,<BR/><BR/>The way its stands right now, EDs are forecasting rate HIKES. Weren't not talking about pricing OUT rate cuts, we're talking about price IN rate HIKES.Ben Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-92096990165860074892008-04-18T09:41:00.000-04:002008-04-18T09:41:00.000-04:00Ninja,Perhaps investors are anticipating that the ...Ninja,<BR/><BR/>Perhaps investors are anticipating that the fed cuts less than expected and/or the European CB is forced to cut rates. A strengthening dollar vs. euro play.<BR/><BR/>Just a guess.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-5877859227782470092008-04-18T09:30:00.000-04:002008-04-18T09:30:00.000-04:00Robert,EDs are just following LIBOR. Chart one ove...Robert,<BR/><BR/>EDs are just following LIBOR. Chart one over the other.<BR/><BR/>I'm looking at it like this:<BR/>1) Banks need liquidity.<BR/>2) So they hoard cash.<BR/>3) Those that fall short, try to borrow overnight.<BR/>4) Since banks are hoarding, and demand is elevated, there isn't enough to go around.<BR/>5) LIBOR spikes.<BR/>6) Most fancy and important derivatives are priced off LIBOR from SWAPS to mortgages.<BR/>7) End result: Despite central bank cuts, important market rates rise and the central banks are rendered less effective.<BR/><BR/>Rising short term rates should not be bullish for equities. At least not now while the economy is in the process of diving into a recession.Ben Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-79258547785234430922008-04-18T09:25:00.000-04:002008-04-18T09:25:00.000-04:00Couldn't the reversal in EDs be due to a reversal ...Couldn't the reversal in EDs be due to a reversal of trades in the futures?<BR/><BR/>I heard stories of all kinds of players who had no experience in trading EDs buying them simply because they were moving higher. A lot of these guys had no idea what they were getting into.<BR/><BR/>Now we are seeing a short term correction, which may re-balance over time.Roberthttps://www.blogger.com/profile/07401402773690968514noreply@blogger.com