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Get Ready For The Fixed Income Bloodbath

Started by notadmin
about 15 years ago
Posts: 3835
Member since: Jul 2008
Discussion about
http://www.cnbc.com/id/39383634 "It's going to be a blood bath. Volume is down for everything except Treasuries and Munis. These guys aren't making money and soon they'll be out of their jobs," he said. "We're easily going to cut a quarter to a half of our traders and back office in fixed income. Everyone else is going to do it too," he says.
Response by malthus
about 15 years ago
Posts: 1333
Member since: Feb 2009

Saw that. Crack reporting -- some slob at the Oyster Bar bloviating. Not saying it is not going to happen but did they really just post that on their website?

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Response by apt23
about 15 years ago
Posts: 2041
Member since: Jul 2009

Well if you assume the numbers spouted are correct, it does indicate some justified nervousness on behalf of fixed income guys. Volume the past few months has been very weak -- a big concern.

Maria Bartiromo just interviewed a guy who called for under 1,000 on the Dow and stocks really pulled back as he spoke. I am not really very bearish on the market but it was shocking to listen to.

http://www.cnbc.com/id/15840232?video=1601414079&play=1

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Response by notadmin
about 15 years ago
Posts: 3835
Member since: Jul 2008

lol, got the same feeling, depressed volumes in equities too are here to stay imho... so much so that even the fed cannot unload their position on Citi on time as they expected.

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Let's see, the gov't is in fact manipulating the market with their zero rate policy. The rate at which PV of all assets are based on.... the smart ninnies are saying... i'll let a few decks get dealt whilst the "game is fixed" sign is glowing red....

I WONDER why volume is down?

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

And gotta love the race to the shitter currency to get manufacturing moving again... FLMAOz. Like that's that problem w/ our ECONOMY.

HEY BERNIE, it's the fking debt people can't service.... not manufacturing... no debt, ppl spend, economy roars.... oh yeah, your 2yrs delay plan did NADA! ... fking jerkoff

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Response by apt23
about 15 years ago
Posts: 2041
Member since: Jul 2009

Ha. Plus we had another flash crash today -- this time on the nasdaq. Looks like all the games are fixed.

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Response by bob420
about 15 years ago
Posts: 581
Member since: Apr 2009

Dow under 1000? He's bullish.

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Response by Riversider
about 15 years ago
Posts: 13572
Member since: Apr 2009

Have to agree with this post. Once captive trades are done(those that must re-invest) you're left with a crowd that has no desire to take on duration risk considering the downside risk far outweighs the upside, and this hits the sell side in transaction volume. ZIRP strikes again!!

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Response by Lauraa
about 15 years ago
Posts: 35
Member since: Sep 2010

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