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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (71230)	3/31/2009 5:35:44 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 74559

Hello, Mq. You might be right, if you believe that CDS spreads are a good divining rod for more trouble in the financial sector. So says my most recent guru, Simon Johnson: baselinescenario.com I frankly think that some sort of temporary nationalization of the Big Kahuna banks is absolutely positively going to happen. I just don't know the timetable.

To: Maurice Winn who wrote (71230)	3/31/2009 8:20:09 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 74559

Mq, given the recent action in CDS spreads on financials as documented by Simon Johnson, the impending nationalization of banks and the general financial malaise, I have taken a more than token but not quite a Tonka position this evening in FAZ at 22.16. Unfortunately, like any addict, I need better dope. Thus SKF is not risky enough for my taste anymore. I am hunting big game now with FAZ, which is designed to deliver 3x the profits whereas SKF is a measly and picayune 2x. Zim the Magnificent best beware, I am going to pick his bones.