So, with all the talk swirling around of banks perhaps 'holding back' a bit on their daily LIBOR fixing submissions, what do you guys think this holds for the fixed income/broader market? Undercutting by 20bps? 50?
-mrp
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posted by StupidEquityGuy
Apr 23, 2008 2:26AM
Mr Pink,
I figure this is a great forum for us to fling shit at the visitors...
So what are you crashing into currently?
I unwound 20%+ of the total firm assets deployed today... We took all of our currency trades off.
I figured it was time to start to prepare for the FED to fly in with their bullet proof suit's and kick some currency's and commodity's asses in the near term... figured I would start to trim exposure... and get liquid again.
So its deleverage city at our shop... we are selling winners and looser's... raising that all mighty thing we call liquidity...
I am still holding all of my short leverage... so I am trimming semi stablity and making it fully stable while I crank up the leap options exposure.
What say you guys generically?
~SEG
~The Worlds Smallest GS Institutional Account... in case you ever wondered who that masked man was...