Tag:
dead-cat bounce
Latest Headlines
Latest Headlines
What does George Soros see in Lehman Brothers?
Last year was a sweet comeback year for George Soros. His fund was on fire. And he seemed to really understand the credit markets and the effect the temblors would have on Wall Street firms. This made his recently accumulated 10 million share stake in Lehman Brothers all the more puzzling. So
CDS market: still wary of top banks
A lot has been made of the mini-rally in bank stocks, but it's looking more and more like a dead-cat bounce rather than anything meaningful. For another look at how market participants view top financial firms, check out Credit Derivatives Research's Counterparty Risk Index, which averages CDS spr
Bad bank news is all relative
When is bad news really good news? When the bad news is not nearly as bad as expected, notes the New York Times . You could almost feel the relief wash over the markets as many top banks (except Washington Mutual and Wachovia ) released earnings that were bad--even horrific--but still be
Ready for 'write-ups' in the second quarter?
Breakingviews notes another reason to think that the worst of the credit crisis may have passed. Credit default swaps on collateralized debt obligations and leveraged loans have staged impressive rebounds. Prices have really rebounded. That raises the prospect of "write-ups" for the second qua
