Deja View
It seems like last Friday we were waiting for details of the latest Greek plan – PSI and Troika. We are still waiting. Details are starting to come out. We should know what the bonds investors are expected to exchange into will look like. The ECB sounds like it may use the interest they have […]
No Shoes, No Shirt, And I Still Get Service
In the case of LMFAO I get it, they’re sexy and they know it, but what about Greece? Why is Greece still getting service? Is it like the homeless person who wanders into the nice restaurant and the owner of the establishment offers some coffee and desert to go, in the hopes that he will […]
(BFW) Final Greek Debt Deal Hours Away, DJ Says
Yeehaw! It will be interesting to see the terms, how much Greece will save on interest vs current debt and how much on principal and the timing of the principal. What will be most interesting is to see how many bonds have pre-agreed to this. An announcement that 200 billion of bonds have agreed would […]
Is Volatility Quietly Coming Back?
VIX continues to remain low, but intraday (or intranight) volatility appears to be making a comeback. That is volatility in the true sense of moves up and down (I’m not sure when volatility came to mean “stocks went down”). Chinese PMI is supposedly one of the reasons that futures are up, yet, that seems to […]