Cobra's Market View

still no confirm of rebound, but still volume surge. let's wait. and this is why a H1 is important, as it's the very first sign of rebound, without that then no trade at all, so you have lost nothing even the expectation is wrong. again market report and trading signals are totally different things...

Fitch also warned on Portugal...may be a fallen angel soon. Having spent the last 12 yrs in the bond markets...IMHO...Fitch has better credibility than S&P and Moody's.

what's happening?????? ECB to set up a SPV to purchase bonds. Fade the move up...this move came just as CNBC was reporting something that had already been out in the bond market for at least an hour or two. Institutional guys already got the run-down on this. BTW...this latest "solution"....

Something different...an update from European bond desks at the close. Apparently dealers were given a memo outlining a "solution" to the Euro debt crisis. It goes something like this (and their gonna use structure finance technology). 1. EFSF will transform into an equity tranche that is ...

VIX near highs of the day but SPY well off the lows of the day. Hmmm.... imho greece defaults this weekend they keep it weekend news, would kill live markets hope it sinks in US credit downgrade style This is just a view from the credit side of the business...but I don't think Greece will "def...

My first post. I'm a credit guy not an equity guy but have enjoyed reading all your posts the past few weeks.

Not sure if this tidbit is news to y'all but....chatter amongst bond desks is that French banks may receive some ECB support soon.