tag:blogger.com,1999:blog-34323687.post3113334666136232882..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Bad CreditMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-34323687.post-50888328610099584622018-10-23T08:19:16.697+01:002018-10-23T08:19:16.697+01:00Thanks for sharing such great Article. You really ...Thanks for sharing such great Article. You really shared such a useful Information with us which helped me a lot and I have bookmarked your page so that i can get to learn new things each time you share any great Information to us. Keep up the Good Work!! Thanks. Need a quick loan that can be repaid later manageably? <a href="https://instantcreditloansus.com/installment-loans-for-bad-credit.php" rel="nofollow">Installment loans for bad credit</a><br /><br /> are the best choice. Get these quick approval loans from us.Anonymoushttps://www.blogger.com/profile/17240185869137388047noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-67037786734613598652015-12-15T05:46:37.135+00:002015-12-15T05:46:37.135+00:00some observation from the Fly worth a look:
"...some observation from the Fly worth a look:<br /><br />" stocks with market caps under $1 billion are down a median of 49% this year. And that strips out low volume crap, by inserting a volume filter of 500k per day...Conversely, stocks with caps above $1 billion are off by just 7%. When we apply a beta filter under 1, the loss lessens to just 2%.Nicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-75262055682407409952015-12-14T23:36:49.923+00:002015-12-14T23:36:49.923+00:00LB, end of year rally starts after ZEW. Through fo...LB, end of year rally starts after ZEW. Through fomc and opex. We then forget about HY credit for the first few weeks of 2016. Equity futures liquidity thin with rolloverAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-83043030690101645982015-12-14T21:55:20.391+00:002015-12-14T21:55:20.391+00:00Lucidus was liquidating a long time before any of ...Lucidus was liquidating a long time before any of this Third Ave stuff came out. There returns were crap for the past 5 years. Not a big surprise. <br /><br />But please sell more of your BX and other asset managers. I'd love to buy some at $20abee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-32489050860929841762015-12-14T21:02:53.903+00:002015-12-14T21:02:53.903+00:00Apparently there haven't half been a load of d...Apparently there haven't half been a load of dozy plonkas in the high yield space and now we are going to have to sit around and watch them all unloading their pants:<br /><br /><a href="http://www.marketwatch.com/story/lucidus-capital-liquidates-900-miliion-high-yield-fund-bloomberg-2015-12-14?mod=MW_story_recommended_default&Link=obnetwork" rel="nofollow"> Lucidus Capital Liquidates HY Fund </a><br /><br />There is never only one cockroach. Grab some popcorn, and hold the Kevlar for now.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-87212285797160018152015-12-14T20:47:35.549+00:002015-12-14T20:47:35.549+00:00Quite interested in the prospect of a bit of Knife...Quite interested in the prospect of a bit of Knife Catching™ but in Jeff Gundlach's words we are "not interested in things that are going down every day" - wise words, for the time being at least. <br /><br />Sometimes the best way to play these situations is to grab a small bite or two of something using calls, so that one's losses are limited and defined, before one finally wades into the muck with the Kevlar gloves™ and body suit. High yield continues to be ugly but it's time to take out your pencil and identify the bargains. Assuming one has some lead in one's pencil, of course... you'll need that.<br /><br />Nico we still have a tiny amount of SAN and BBVA (bought at Euro bond meltdown prices in 2011) and yes, they are being slaughtered again. Other than a pile of US fixed income we remain Hammock Investors™ here.<br /><br />EoY rally is coming, but when? Let's ask La Paloma Blanca™ on Wednesday.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-80156557333108593162015-12-14T18:38:21.414+00:002015-12-14T18:38:21.414+00:00Dax back through Draghi's "do what we mus...Dax back through Draghi's "do what we must" comments from Oct 22nd, catching up with the others. Will the holiday period come in time? It probably feels a long way off to some out there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-68257777499391532822015-12-14T18:11:10.210+00:002015-12-14T18:11:10.210+00:00i don't remember who was buying European banks...i don't remember who was buying European banks here but they are getting slaughtered - whether Spoos are finally catching down with everything else is still left for interpretation, but Europe is getting decimated.Nicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-59294733885060525122015-12-14T18:06:57.348+00:002015-12-14T18:06:57.348+00:00you Anonymous posting about fantasy PPT and ghost ...you Anonymous posting about fantasy PPT and ghost CB supporting equities, your input here is zero<br /><br />i suggest you change your way of thinking before it's too late. Haven't you noticed how price action has dramatically changed? Have you ever been through a bear market? yeah, the one where they sell every rally. you probably have no idea how much it hurts. Nicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-89291790577766861642015-12-14T17:20:36.318+00:002015-12-14T17:20:36.318+00:00US indexes rallying heavily as Fed PPT buys equiti...US indexes rallying heavily as Fed PPT buys equities to reverse day's loses.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-84237752773395246012015-12-14T15:20:27.438+00:002015-12-14T15:20:27.438+00:00Central banks and HFT are great for markets. The S...Central banks and HFT are great for markets. The SP500 is currently an oasis of calm...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63125698442416744232015-12-14T15:18:33.355+00:002015-12-14T15:18:33.355+00:00washedup ... it is probably kind of typical not to...washedup ... it is probably kind of typical not to have huge relative bets on January 1st, for investors like me (i. e. long only and benchmarked for most of the clients). Problem is the starting point: I believe not too many were underweight, while probably most were (still are) mildly overweight equities and I woudln't be surprised that one of the sources of pressure in the market currently are exactly these accounts selling to get closer to BM.ALnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-48533074173341769962015-12-14T15:08:38.474+00:002015-12-14T15:08:38.474+00:00Fed's PPT is in the mkt supporting US equities...Fed's PPT is in the mkt supporting US equities.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-52083936792009023662015-12-14T14:59:54.381+00:002015-12-14T14:59:54.381+00:00AL - how typical do u think that behavior would be...AL - how typical do u think that behavior would be this year? Isn't that sort of the premise behind santa rallies?washedupnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-70842920265067325022015-12-14T14:33:46.184+00:002015-12-14T14:33:46.184+00:00I am reducing the long held underweight in equitie...I am reducing the long held underweight in equities from 80% of the BM to 90% and probably will go like this into year end. Maybe a bit premature given the price action. Maybe a bit premature given the price action, but the idea is to go close to BM (95%) for the crossover into 2016 .... don't want to start with big relative bets.ALnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-64628597981073723062015-12-14T13:59:41.529+00:002015-12-14T13:59:41.529+00:00abee - yes i can't disagree on NG - the summer...abee - yes i can't disagree on NG - the summer 17 strip @around 2.50 could turn out to be quite a bargain for the patient. <br />MM put it best - feels like the end of the beginning for credit - the trend has kind of shown its hand though. washedupnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17979372459922455512015-12-14T13:38:04.502+00:002015-12-14T13:38:04.502+00:00Funny how all the guys talking about HY blow up, G...Funny how all the guys talking about HY blow up, Gundlach, Gross etc manage HY funds as well. yes yield hogs are getting slaughtered here, as no one wants to reach for spread. But non commodity price dependent bonds are looking very attractive here assuming a recession isnt on the horizon. Anyways it all depends on commodity prices at this point. <br /><br />NG is setting up for a great LT buy. Winter is delayed this year. So I guess retail will bring out the same excuse again why sales were much lower. abee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51064805197061822422015-12-14T12:39:46.054+00:002015-12-14T12:39:46.054+00:00# Anon 7.34 Looks like it was just for the bloke&...# Anon 7.34 Looks like it was just for the bloke's PA, doesn't it?Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40679852509111732602015-12-14T11:35:38.997+00:002015-12-14T11:35:38.997+00:00Another credit fund just liquidated.Another credit fund just liquidated.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45150278720596973282015-12-14T11:14:27.269+00:002015-12-14T11:14:27.269+00:00NG 1.82, looks very tempting for a long into fed d...NG 1.82, looks very tempting for a long into fed day for a short term bounce. Boogernoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-54114673218453743502015-12-14T11:11:19.699+00:002015-12-14T11:11:19.699+00:00For good measure, some preemptive excuses of Dame ...For good measure, some preemptive excuses of Dame Janet's mouthpiece:<br /><br /><a href="http://www.wsj.com/articles/fed-officials-worry-interest-rates-will-go-up-only-to-come-back-down-1450034022" rel="nofollow">Fed Officials Worry Interest Rates Will Go Up, Only to Come Back Down</a><br /><br />"In short, the age of unconventional monetary policy begun by the 2007-09 financial crisis might not be ending."Eddienoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-36217792766443338102015-12-14T09:42:48.504+00:002015-12-14T09:42:48.504+00:00Some more details on the inner workings of Third P...Some more details on the inner workings of Third Point's "redemption" scheme:<br /><br /><a href="http://www.wsj.com/articles/third-avenue-parts-ways-with-ceo-barse-1450040681" rel="nofollow">Third Avenue CEO David Barse Departs</a>Eddienoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8709277300589062722015-12-14T07:34:20.148+00:002015-12-14T07:34:20.148+00:00A central bank is buying equities on the European ...A central bank is buying equities on the European open today. I'll leave it to you to guess who. Enjoy.Anonymousnoreply@blogger.com