Icelandic Meltdown?

Posted by guest, Oct 02, 2008 3:27PM

Again, EP, information that would've been useful YESTERDAY!

Posted by guest, Oct 02, 2008 3:28PM

What happened to Iceland? Large short position in wooden arrows?

Posted by guest, Oct 02, 2008 3:31PM

URGENT: At 3:20PM today Thursday October 2, 2008.

The http://marketwarnings.blogspot.com has called for a bottom. Fireworks start tomorrow!

Deatils of the call are at:

http://marketwarnings.blogspot.com/2008/10/stock-market-trading-call-urgent.html

Posted by guest, Oct 02, 2008 3:32PM

Can someone explain WTF this means?

Posted by guest, Oct 02, 2008 3:34PM

@5...back to Yahoo please. And go give yourself a blumpkin.

Posted by guest, Oct 02, 2008 3:35PM

BoooYaaa

Posted by guest, Oct 02, 2008 3:35PM

Roll call of House members who say they'll switch their vote:

R Zach Wamp of Tennessee
R John Shadegg of Arizona
D Emanuel Cleaver of Missouri
R Jim Gerlach
R Tim Murphy of Pennsylvania
R Patrick Tiberi of Ohio

source: http://www.bloomberg.com/apps/news?pid=20601110&sid=aXAAzVW4PHNI

Posted by guest, Oct 02, 2008 3:35PM

5, stop your dbagger comments...nobody cares what your crap blog thinks about a potential bottom

Posted by guest, Oct 02, 2008 3:36PM

@5 get the fuck out piker.

Posted by guest, Oct 02, 2008 3:36PM

Bjork is fucked.

Posted by guest, Oct 02, 2008 3:36PM

CDS, right?

Posted by guest, Oct 02, 2008 3:37PM

the chart shows shows cost of protection on the debt of an Icelandic Bank (it is a credit default swap).

Increase in cost implies higher perceived probability of default.

4963bps means it costs 4.9mm dollars to insure 10mm worth of bonds. This spread is a little bogus since swap would be trading points, not spread right now.

Posted by guest, Oct 02, 2008 3:38PM

9 so they added all that stupid crap like wooden arrows and nascar tracks and they couldnt even swing the vote for reps from oregon and north carolina

wtf

Posted by guest, Oct 02, 2008 3:43PM

14, you can quote points upfront in bps if you want, markit does it everyday. on blmbg change the calc price to 2 and you can do it your self. stick with equity, dont want to give you a headache.

Posted by guest, Oct 02, 2008 3:43PM

Bicycle commuter tax credits for business - maybe they can ride bikes around the fucking NASCAR track.

Posted by guest, Oct 02, 2008 3:50PM

@5 - you do realize that you are held accountable for making that comment right? if the stock were to tank tomorrow. db reader has the right to sue your ass off.

Posted by guest, Oct 02, 2008 3:54PM

@15 - what's the point? Wachovia already tits up...

Posted by guest, Oct 02, 2008 3:57PM

Rumor of major Euroland Auzzieland bank to go TU overnight - any guesses?

Posted by guest, Oct 02, 2008 4:01PM

Whats the best free online source for CDS spreads?

Posted by guest, Oct 02, 2008 4:02PM

@4 Nah, Iceland is experiencing a run.
Is afraid of "Alaska Gal"..

Heard she told Katie, she knew all about icebergs so she would qualify to invade Iceland.

Posted by guest, Oct 02, 2008 4:06PM

$@6...this page is not for hicks...

Posted by guest, Oct 02, 2008 4:13PM

@20 - there's another fairly large bank in NC...

Posted by guest, Oct 02, 2008 4:19PM

Who cares about iceland...it's a country the size of Plano, Texas.

Posted by guest, Oct 02, 2008 4:23PM

@4
Best comment of the week!

Posted by guest, Oct 02, 2008 4:23PM

@6,
Some people use Icelandic CDS spreads as a proxy for the future of civilization.

Posted by guest, Oct 02, 2008 4:30PM

For the highly stressed, I recommend a weekend trip to Iceland, including an afternoon spent having a relaxing soak in The Blue Lagoon (www.bluelagoon.com), which is a geothermal mineral spring. I'm sure the prices are now much less prohibitive.

Posted by guest, Oct 02, 2008 4:49PM

Iceland, a 'country' of 300,000 cod trawlers amidst fire and ice. If they default, you'll get paid in cod and coupons for geysir baths.

Posted by guest, Oct 02, 2008 4:50PM

Iceland, a 'country' of 300,000 cod trawlers amidst fire and ice. If they default, you'll get paid in cod and coupons for geysir baths.

Posted by guest, Oct 02, 2008 4:54PM

actually wasn't a favorite carry trade borrow yen and invest Icelandic KR?

Posted by guest, Oct 02, 2008 5:02PM

Olaf Magnusson is going to go viking on your ass, bess

Posted by guest, Oct 02, 2008 5:06PM

@ 32 -- yep! Kronur deposits get like 15% @ year

The ISK is one of the lamest currencies around though -- it's up to 100 per US dollar

Posted by guest, Oct 02, 2008 5:21PM

Moody's comments on Landsbanki's divestment of European investment banking platform

Further to Moody's Investors Service's announcement on 30 September that it has placed all of the ratings of Landsbanki Islands hf ("Landsbanki") on review for possible downgrade, the rating agency said today that it will, as part of Landsbanki's ratings review, assess the ratings impact of today's announcement by the bank that it will divest its European investment banking platform.

Specifically, Landsbanki today announced that it will be selling its corporate finance and securities brokerage platform in Europe for EUR380 million to Straumur-Burdaras Investment Bank, Iceland's largest pure-play investment bank. The sale includes Landsbanki Securities in the UK, Landsbanki Kepler in Continental Europe and Merrion Landsbanki in Ireland. According to Landsbanki, the transaction will not result in any material loss or gain for Landsbanki. The agreement is subject to approval by the regulatory authorities in the respective jurisdictions in which the companies operate.

According to Landsbanki, the transaction is expected to strengthen the bank's Tier1 capital. Also, the divestment of corporate finance and securities brokerage operations will improve the bank's earnings stability in the long run. "Moody's will assess these potential benefits against its concerns about the bank's asset quality development, particularly its exposure to investment companies and related parties as stated in Moody's press release of 30 September 2008," says Kimmo Rama, Vice President - Senior Analyst in Moody's Financial Institutions Group.

Headquartered in Reykjavik, Iceland, Landsbanki reported total assets of ISK3,970 billion (EUR32 billion) at the end of June 2008.

Posted by guest, Oct 02, 2008 5:26PM

Nice call Moody's!!! Kept me from investing in a buldge bracket Icelandic investment bank. Lucky me.

Posted by guest, Oct 02, 2008 5:49PM

Anyone have quotes on the other banks in Iceland, like Glitnir and Kaupthing?

Posted by guest, Oct 02, 2008 6:14PM

Awesome EP, thanks.

Posted by guest, Oct 03, 2008 1:27AM

where is this data from?

Posted by guest, Oct 03, 2008 3:42PM

After nailing the bottom of Yesterday (Thursday october 2, 2008), and the TOP of today Firday, a third call has just been issued.

http://marketwarnings.blogspot.com/2008/10/stock-market-trading-call-urgent.html

Posted by guest, Oct 03, 2008 3:42PM

After nailing the bottom of Yesterday (Thursday october 2, 2008), and the TOP of today Firday, a third call has just been issued.

http://marketwarnings.blogspot.com/2008/10/stock-market-trading-call-urgent.html

http://marketwarnings.blogspot.com/2008/10/stock-market-trading-calls-second-call.html