Unwinding the Trade: The the stripper carry trade that it. As the Canadian dollar hits equality with the US dollar, the traditional Canadian stripper arbitrage trade has become completely unwound. Au revoir Club Super Sexx!
Glitch! It’s not just the NYSE anymore. Electronic trading of financial and agricultural derivatives at the Chicago Board of Trade has ground to a halt. They’re blaming “a technical glitch.” It’s all open outcry now.
Carney: So the word on the Street is that the Fed is watching commercial paper market very closely. Not really concerned about mortgages. What are you hearing there in Wyoming?
Jackson, Wyoming Correspondent: I caught 5 flyfishing today and now I’m at the rodeo.
Carney: Unconfirmed reports of a large London based hedge fund liquidating their positions and causing serious market disruptions.
Levin: Got you beat. I have reports of several grown men crying outside of Goldman Sachs. No indications why.
Levin: Are you still watching the vids of Burnett out in the rain? Bloomberg reporting Global Alpha hedge fund has down 26% ytd.
Carney: Maybe I retired the phrase “bloodbath” too early.
Levin: My bitches are canceling all their dates with Goldman guys right now. Nothing is worse than poor people talk on a rainy night. Poverty is not an aphrodisiac.
Bearish Trader: The producers at CNBC are trying to kill Erin Burnett! They’ve got her standing in the rain in Times Square.
Carney: Our theory is that they’re trying to push up the markets by wet-tshirting the Street Sweetie.
Bearish Trader: Those F—-ers! It’s working. Almost in positive territory.