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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (75878)	6/28/2007 5:38:47 AM
From: Real Man	Respond to of 94695

siliconinvestor.com Fitch cut ratings on CDO first. This is the result -g/ng- "Change to Credit Rating Agencies Considered On June 18, 2007, the Federal Reserve Board stopped using Fitch Investors Service as a credit rating source. Classification as AA or A2/P2 for rate calculations and classification as Tier-1 or Tier-2 for outstanding calculations are done using Moody's Investors Service and Standard & Poor's." SP and Moody are now following. Who the Fed is gonna use now? There are just 3 agencies -ggg- ``AAA? You were wooed Mr. Moody's and Mr. Poor's by the makeup, those six-inch hooker heels and a `tramp stamp,''' Gross said in his monthly commentary posted on Pimco's Web site today. ``Many of these good looking girls are not high-class assets worth 100 cents on the dollar.'' bloomberg.com pimco.com

To: Qualified Opinion who wrote (75878)	6/28/2007 6:07:59 AM
From: Real Man	Respond to of 94695

Wrong link federalreserve.gov P.S. I'm considering really loading the boat on LT puts on this rally; the ONLY alternative to "pinned look" of the markets is the BK, worse than 1929 and 1987 combined. Because of years of Fed put and leverage, these markets can't simply peacefully decline. They are gonna blow up fast, fast, fast, when they do. The reason: 500 billion of hedge fund dollars are short volativity, with extremely high leverage. This is the same bet as the bet on narrowing spreads, LTCM strategies. I think the spreads might widen soon, Fed or not. My bet is on increasing volativity, as usual -g-. Most likely it's gonna be a loss, because the Fed will show up again with the printing press, and the markets will rally -ng-