ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Wednesday, December 12, 2007

 

super-SIV fails


or has effectively failed, having been reduced from $100bn to $30bn in proposed assets within two weeks, per cnbc via calculated risk. this effectively shreds previous optimism and confirms the opinion of skeptics.

that further explains citi's attempts to liquidate. treasury secretary paulson may as well give up on the six-week-old proposal now, as it is being rejected by the marketplace. SIV losses are coming, and citi will have to find a way to deal with them.

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