If you're short, I'm the sucker going long....: first on cnbc

Thursday, October 2, 2008

first on cnbc

these companies have wide cds spreads..

boeing
deer
cat

This is some great reporting.....

4 comments:

tradewell said...: DE and CAT are on my "not long" list.

Wide CDS spreads - good or bad for them?; October 2, 2008 at 4:24 PM
Eric said...: bad.

but realize you are chasing short momentum.

it's all based on that they use the credit markets aggressively.; October 2, 2008 at 4:28 PM
tradewell said...: I wouldn't be shorting them now! On a spike.

Do you see everything going lower before it goes back up? I think October *may* turn out to be a good month but it won't happen until later, at least 2 weeks from now. So until then, I'll be mostly short.; October 2, 2008 at 4:36 PM
Eric said...: You and the rest of wall street. The question always in my mind is "what does everyone think" and how will that affect what will actually happen.

It's normal for us to trade down right before earnings. There is a chance that as crazy as it is, we will trade down now, and trade flat, and build a base toward that date.

Everyone is waiting for that final leg down... and maybe it happens tomorrow or maybe in 2 weeks.

Mother market always surprises, but The vix can't stay at this level for long. if we leg down it should happen in the next 3 days or so. Or we have a hard bounce and try and double bottom at the october date.; October 2, 2008 at 5:33 PM

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