Minyanville has been all over the failed Muni auctions, over the last week. Last week, I outlined how [[ADCT]] fucked itself reaching for yield.
To sum it up, the auction rate market is seizing up. Just today, [[UBS]] said they will no longer support failed auctions. In my opinion, the failure of these securities is due to the lack of liquidity at banks. If these fuckers can’t support the Port Authority of NY/NJ, how are they going to lend money to subprime fuckers wanting a McMansion.
Eggsactly [sic].
This mess has just begun. Look for it to grab the headlines, shortly.
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Loading up the gunship as I type. After all, everyone loves a surprise 50 bps cut.
Its all over the newz [sic] … Its priced in
No, its not priced in, but the interlude rally is not done, yet. More upside next week. How much is left, I’m not sure, but probably more than would seem possible today.
liar!
Did Ducati just quit?
Education stocks getting kicked in the teeth today
ESI APOL CECO DV COCO
I think STRA plays ketchup next week
short it
Wow. he is one hyper sensitive Kiwi !
Juice, I have had a hard time getting shares of stra.
The $ 600+ Trillion in Global Derivatives remains in the very early innings of the “Unwinding” process.
And yes, “It has only just begun & you ain’t seen nothin’ yet.”
thats odd Shed .. I have no prob at Ameritrade
Paco Taco, love them fucking burritos.. good call. delicious.
You stole that link from my site, admit it. You don’t read Bloomberg, it’s probably too “left-leaning” for you.
-DT
DT:
So sorry. I do not read third tier blogs. The only time i would read your blog would be prior to burning it down.
lol @ title