Here’s a stupid regulatory idea: regulate credit default swaps (CDS) as “insurance” if the purchaser owns the underlying security. This is the “brainchild” of NY Governor David Paterson.
The first obvious problem is that, as a tradable instrument, CDS are categorically different from, oh, I don’t know, a financial guaranty (FG) policy. Not to […]
Strategery Capital Management LLC: “Putting your money where our mouth is.”
About Strategery
Strategery is a unique hedge fund.
It is the largest in the world, with expected initial capital of $700 billion. It has a free and unlimited credit line should it need more. It has no fixed mandate, though it is expected to initially […]
Regular readers are aware that I do a monthly column for the MarketThoughts newsletter, as well as participate in their forum.
This month’s column is about Tracking Error in Double-Inverse ETFs; it might be useful and is probably real timely. Keep in mind that current commentary at MarketThoughts is for subscribers only, although anyone can […]
I have to say that I am amazed by the House voting down the Paulson Plan. My cynicism got the best of me, and I fully expected it to go through – regardless of its merit or lack thereof – and to be packed with as much additional pork as the congresscritters could amend […]
First, let me be clear that I have very little respect for either of them. Just to set the record straight.
It should be interesting, however, to perform the following experiment:
Find Cramer’s first call of a bottom in this stock market move. Wait for the eventual bottom to have made itself clear in retrospect. […]
