C.M.O. 2.23.2009

Credit Market OverviewFebruary 23 2009For anyone who is not a Citibank customer it is now cheaper to buy the stock than get cash through one of their ATM’s. Citigroup (C) closed at $1.95 on Friday, the non-customer access charge for…

C.M.O. 2.20.2009

Credit Market OverviewFebruary 20 2009 News of “The Donald’s” bankruptcy filing in Atlantic City was immediately countered by “The Donald” saying it was only a licensing deal representing less than 1% of his net worth. Representing a little more than…

C.M.O. 2.19.2009

Credit Market OverviewFebruary 19 2009 “In some ways, what the government says or does is becoming less important, since the market wants to see proof that the stimulus is working and the economy is bottoming.” Although this quote by James…

C.M.O. 2.18.2009

Credit Market OverviewFebruary 18 2009 One of the keys to successful investing it is said is to follow the “smart money”. This used to mean (before 2008) do what the professionals do when they do it, not what the individual…

C.M.O. 2.17.2009

Credit Market OverviewFebruary 17 2009 In life, business and of course trading it is always good to learn form your mistakes. It appears Moody’s has taken this to heart as after having rated a whole bunch of mortgage backed paper…

C.M.O. 2.13.2009

Credit Market OverviewFebruary 13 2009 The line “Misery acquaints a man with strange bedfellows” in William Shakespeare’s play The Tempest is best now known to most of us as in its modern form as “Politics makes strange bedfellows”. The truth…