Given Lehman, everyone is glued to the CDS prices. A CDS is a credit default swap and essentially grants the holder credit protection against a counterparty: http://en.wikipedia.org/wiki/Credit_default_swap
Latest Bloomberg CDS prices and changes (over LIBOR):
Brokers:
GS 485/510 +160bps
MER 535/585 +200bps
MS 800/830 +320bps
Banks:
BAC 245/280 +45bps
JPM 235/270 +45bps
WB 725/765 +80bps
WFC 235/265 +40bps
WM 53/57pnts +5pts
Citi 370/400 +90bps
CSFB USA 90/100 +10bps
Europe:
DB 160/175 +60bps
Barc 190/200 +25bps
UBS 220/240 +50bps
RBS 200/220 +50bps
Credit Suisse Group 150/170 +40bps
One can interpret this as the market's view on who is next in line to fall (Morgan Stanley).
Also, I lost $500 yesterday :(
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DB SCV
Welcome to my page about markets, trading, and New York City. Trading has always been a hobby but has really peaked as of late. My investment style is primarily fundamental and macro in nature but I am learning more and more technical analysis to supplement my technique. I trade equity options because I like/need the leverage. I shy away from stocks for two reasons:
1. I dont have a ton of $ in my brokerage account. With 10$ in and 10$ out in transaction fees on a $1000 trade, I am already down 2% out of the gate.
2. Equities are boring. This is a hobby and I am not a long term investor, so to make it the least bit interesting I need leverage and volitility that options provide.
You can track my portfolio via the Investopedia Simulator < http://simulator.investopedia.com/ > profile name: dmb490. This is (usually) an exact mirror of my Chuck Schwab brokerage account. One thing that sucks is that given my involvment in the securities industry, I have to hold for a minimum of 15 days and am restricted from certain plays.
Always looking to connect with friends, like-minded folks, or people with seed capital ;)
-DB
dburseth [at] gmail.com
1. I dont have a ton of $ in my brokerage account. With 10$ in and 10$ out in transaction fees on a $1000 trade, I am already down 2% out of the gate.
2. Equities are boring. This is a hobby and I am not a long term investor, so to make it the least bit interesting I need leverage and volitility that options provide.
You can track my portfolio via the Investopedia Simulator < http://simulator.investopedia.com/ > profile name: dmb490. This is (usually) an exact mirror of my Chuck Schwab brokerage account. One thing that sucks is that given my involvment in the securities industry, I have to hold for a minimum of 15 days and am restricted from certain plays.
Always looking to connect with friends, like-minded folks, or people with seed capital ;)
-DB
dburseth [at] gmail.com
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