reuters.com - 8/6/2009
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LONDON, Aug 6 (Reuters) - Moody's Investors Service has sharply lowered its peak default rate forecasts for speculative-grade companies thanks to a sharp narrowing in spreads and a re-opening of the high-yield bond market. The rating agency no longer expects the default rate to be worse in ...
blogs.wsj.com - 8/5/2009
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blogs.wsj.com —
Home price declines may be luring more home
buyers back to the market, but they’re also leaving...
more American homeowners with negative equity. Some 24% of owner-occupied homes had mortgage debt that exceeded the values of those homes at the end of ...
(more)
More Homeowners ‘Upside Down’ on Mortgages - ...
calculatedriskblog.com - 8/4/2009
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calculatedriskblog.com —
The S&P; 500 closed about 1000 for the
first time since last November. Click on graph for...
larger image in new window. The first graph shows the S&P; 500 since 1990. The dashed line is the closing price today. The S&P; 500 is up 48.2% from the ...
(more)
Market and Credit Indicators
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Thursday links: trend turnaround
Abnormal Returns —
... before they invest? (Daily Options Report)
Put buyers are on strike. (VIX and More)
Are we facing a replay of the commodity spike of 2008? (FT Alphaville)
Do fixed income ETFs work as advertised? (IndexUniverse, ibid)
Moody’s forecasts a lower peak in junk bond defaults. (Reuters)
Traders should always be on the lookout for new trading ...
Twenty Notes on Current Risks in the Markets
The Aleph Blog —
... 12) So things are looking better with junk bond defaults. Perhaps it was an overestimate, or that it would not all come in 2009. We will see. ...
Related Content
Home prices won't regain peak this decade: Moody's
marketwatch.com 9/19/2009 — Alert Email Print By John Spence , MarketWatch BOSTON (MarketWatch) -- Moody's Investors Service threw cold water on optimistic projections of a V-shaped recovery in the battered U.S. housing market, predicting it could take more than 10 years to get ...
NY insurance official raises concerns over Moody's
reuters.com 9/21/2009 — Lilla Zuill NEW YORK (Reuters) - An official in the New York Insurance Department says insurance regulators from across the country are expected to discuss dropping Moody's Investors Service from a list of acceptable rating organizations at a meeting ...
Greenlight's Einhorn says shorting Moody's
| Markets
| Markets News
reuters.com 5/28/2009 — * Greenlight Capital's Einhorn says shorting Moody's stock * Greenlight says credit ratings lost credibility * Einhorn says Moody's has negative net worth $900 mln * $7.2 mln Allied Capital short-sale gain goes to charity By Joseph A. Giannone NEW ...
Moody’s Intrinsic Value
widemoatinvesting.wordpress.com 4/10/2009 — 2008 was a tough year for Moody’s Corporation, with free cash flow (FCF) levels falling to 2003 levels, or $450 million. In our previous analysis, we argued that Moody’s economic moat has shrunk over the last couple of years, as its credit ratings for ...
Moody's Joins S.&P. in Warning on California Debt
dealbook.blogs.nytimes.com 6/20/2009 — The state of California is facing a "multi-notch" downgrade of its debt if it fails to resolve its enormous budget woes, Moody's Investors Service said Friday.
David Einhorn versus Warren Buffet on Moody's (MCO)
fundmymutualfund.com 5/28/2009 — Battle Royale in Moody's ( MCO ) it appears after David Einhorn engages on the short side versus Warren Buffet's long position. For those not familiar with David Einhorn he is a youngish hedge fund manager who exposed Lehman Brothers in a very public way - that said his hedge fund lost 22% last ...
Credit Crisis Indicators
calculatedriskblog.com 4/3/2009 — Here is a quick look at a few credit indicators: First, the British Bankers' Association reported that the three-month dollar Libor rates were fixed at 1.166%. The LIBOR was at 1.30% a couple of weeks ago, and peaked at 4.81875% on Oct 10, 2008. This ...