Distressed Volatility

VIX Double Tops: Signaling Market Inflection Point?

I like the double top! Plus the 50 day moving avg break. Vixandmore is a great site. I posted about the VIX along w/ put action w/ optionmonster insight. www.distressedvolatili...

Are the Dry Shippers Value Traps?

Nice post. I actually just wrote a post about the dry bulk shippers.. It's a very interesting situation w/ the letters of credit/demand freeze.. The global Government sitmulus could drive up demand again. Once risk appetite comes back in full inflation will also be an issue. Everything happens so fast these days that you never know... The risk appetite trade is up tonight... Hopefully it can stick. www.distressedvolatili...

S&P Set for 50%+ Gains? Not So Fast, UBS

Obama could be the catalyst though... S&P is right at the 26 yr trend.. But I don't know what to make of the logarithmic chart since 1950... All here

www.distressedvolatili...

Canadian Royalty Trusts Will Never Return to Their Former Glory

I rememember the Canadian Income Trust massacre of 2006/7! It was nuts. Those instruments were so interesting for US holders at that time given the high oil/gas prices, plus an increase in the Canadian dollar which boosted pay outs to us holders. After the massacre it was a great buy, plus remember oil was around $50 right when they taxed the trusts, before running up to $147! I wrote a piece about it actually earlier this year actually saying get long USD/CAD but talked about the story, Canetic Resources was interesting before they got bought out by PWE. So that tax hike doesn't really look that great now does it, especially if energy stays depressed into the tax holiday.. www.distressedvolatili...

Yield Curve Near 10-Year Highs

You know what that's very interesting. When the recovery comes, there will be so much money sloshing around that inflation will roar back to life. I'm thinking the yield curve is so steep because they're going to shoot down the inflation by tightening. People will also dump treasuries paying nothing real. Plus the oil futures curve is very steep going out to 2015. Hmmmm we'll see what happens.. distressedvolatility.c...

The Biggest Problem Detroit's Big Three Face

GM needs billions of bridge loans to keep itself out of bankruptcy. The current ratio is too negative and has been squeezed for the past year. Cash is dwindling to the operating minimum. The question is can they sell assets/draw down inventories/raise equity in time? I looked at their numbers in blog also quoted a bunch of analysts. www.distressedvolatili...

Obama Honeymoon Likely To Be Cut Short By Bond Market

I agree with you, great article. Definitely unsustainable, higher yields are coming. Might take some time to digest though due to this deflation matter. Yield curve is interesting too, it looks like rate cuts caught up to the curve (making it normal).. I just hope the big dump doesn't happen all at once, just imagine what those hedge fund redemptions will cause....

An Opportunity for Patient Investors - Barron's

Haa Barron's, I'd rather just go to bloomberg.com. That GM story ended it for me.

Muni Bonds Boast Attractive Yields - Barron's

The Municipal Meltdown, the current health of U.S municipalities. I provide recent videos of Arizona, Florida, Mass, California treasurers on Bloomberg. Is there more pain ahead though????

www.distressedvolatili...

Coming Soon: The $600 Trillion Derivatives Emergency Meeting

hmm, maybe this is why treasury default swap spreads are climbing.. anyway visit my blog distressedvolatility.c...

Bond Expert: Friday Wrap

nice article, but what about muni bonds, those are looking attractive.

Bottom Fishing: Some Signs to Consider

the VIX and S&P need a daily 750mg Benzodiazepine pill to calm them down... No long term technical indicators or fundamentals can really guide this market right now, it needs to be tied up and injected w/ liquidity, which the FED is doing.. Hopefully the it does the job! I have new post on blog tonight looking at S&P chart and VIX, g'luck

Boone Pickens' Holdings

I can't believe CHK hit $11.99 this past week

Largest Bond ETF Now Trading At a Massive Discount

It looks like it is liquidity risk being priced into the underlying bonds that are frozen right now...

All explained here folks

www.indexuniverse.com/...

"Bond ETFs Taking Divergent Paths In Murky Markets"

Matthew Tucker is head of investment strategy for fixed income at Barclays Global Investors in San Francisco. IndexUniverse.com caught up with the busy bond executive on Thursday to find out how the ongoing credit crunch is impacting iShares' exchange-traded funds focusing on fixed-income markets.

Time To Invest In Canada Again?

I'd like to see where commodities go from here.. The $CAD/USD did well w/ commodity inflation (oil/gas exports especially) as well as the Toronto mkt.. We'll see if Canada catches a cold if the U.S coughs....If commodities roar higher, or credit unfreezes globally, I bet there's a risk of massive inflation, benefiting commodity produces, as well as the $CAD... That definitely depends on consumer power though.. A bunch of moving parts. I'd also like to see how the income trust tax affects the canadian economy if there's a slow down.
I wrote a post about the FXC and Canandian energy trusts earlier on my blog, distressedvolatility.c... we'll see what happens