|
Latest Bank Actions Draw Comparisons To 1929 Crash
2008-06-06 02:38:00 With all the upheaval in the global economy lately, comparisons were bound to be made with another era symbolic of financial hardship. Last weekend, Philip Aldrick of the Telegraph (UK) wrote: Perhaps the most intriguing parallel, though, is the crude attempt at self-preservation made by the investment trusts in 1929 and the banks now. In the ...
By: Boom2Bust.com
Researchreports) Sharekhan Daring Derivatives for June 05, 2008
2008-06-05 03:44:00 Sharekhan Investor’s Eye Sharekhan Daring Derivatives for June 05, 2008 Daring Derivatives [For June 05, 2008] Please see the attachment for details Sharekhan ...
Derivatives Strategy - II
2008-05-28 06:46:00 Sell Nifty below 841 Stop Loss: 4843 Target: 4334, 4796,4762 Sell Reliance Power below 413 Stop Loss: 414 Target: 410, 400, 391 Sell Renuka Sugar Below 118 Stop Loss: 119 Target: 112.70, 107, lower Sell Welspun Gujrat below 350 Stop Loss: 351 Target:7 Vote(s)
By: Market Buzz
World?s Leading Banks React To Write-Down Pain
2008-05-23 06:28:00 Rules. We?re all taught to follow them at a young age. You know how to spot someone who has real authority and influence? No, it?s not those chumps who break the rules. Rather, it?s those who change the rules of the game to fit their needs. And that?s what we ...
By: Boom2Bust.com
Use of Chitin & derivatives
2008-05-20 00:29:00 The usual extraction process required hydrochloric acid at elevated temperature, a new recovery process has been developed in a lab & has processed the discarded shells of our "home grown" crayfish l have also developed a growing system for crayfish so as to recover the exoskeleton after moultin
Ignoring the Dollar Problem in the Price of Oil
2008-05-19 04:30:00 No doubt, there are quite a few problems behind why oil has jumped above $128 a barrel. Never mind hooey arguments about greedy oil companies that resonate with the economic illiterates among the loudmouth media and the complaining voters. While we don’t have much good to say about any politician on the matter of energy, we ...SHARETHIS.addEntry({ title: "Ignoring the Dollar Problem in the Price of Oil", url: "http://www.ernharth.com/vi/200-8/05/18/ignoring-the-dollar-pro-blem-in-the-price-of-oil/" });
Derivative Market - Financial weapons of mass destruction!!
2008-05-17 05:50:00 Yesterday I made a decent 40% profit on the CALL option which I had bought a couple of days back. I started getting interest in option trading last year and followed market religiously. Index option of NIFTY has got decent volume and a volatile market like this could get fair return in the derivative side. The foray in derivative market was a good learning for me. Option market is good for those who have fair idea of economics, who do not get tempted and most important who trades in a market which follows logic. In case of Indian derivative market, the volume is really thin as compared to equity market. The inflation reported to 42 month?s high at 7.61 on May 9th 2008, but the market did not move down for ?some time?. Analysts came with opinion that the current inflation figure was expected and already accounted for. The market started falling after that and the opinion changed that the high inflation was causing the mayhem... On May 12th, the Index of industrial Production (IIP)...
Researchreports) Sharekhan Daring Derivatives for May 20, 2008
2008-05-17 05:45:00 Sharekhan Investor’s EyeSharekhan Daring Derivatives for May 20, 2008 Daring Derivatives [For May 20, 2008] Please see the attachment for details Sharekhan ...
Sowing the Seeds of Inflation and Dollar Degradation
2008-05-16 00:42:00 “The Federal Reserve as other central banks is obviously taking onto its balance sheet a lot of mortgages these days.” “Well, the creators of the Federal Reserve system would be rolling over in their graves if they knew the Federal Reserve is buying mortgages.” – Former Federal Reserve Chariman Paul Volcker Whether or not the creators ...SHARETHIS.addEntry({ title: "Sowing the Seeds of Inflation and Dollar Degradation", url: "http://www.ernharth.com/vi/200-8/05/15/sowing-the-seeds-of-inf-lation-and-dollar-degradation/"- });
Subprime Mortgage Credit Derivatives - Fabozzi New Release
2008-05-13 19:42:00 Subprime Mortgage Credit Derivatives by Frank J. Fabozzi Subprime mortgage bonds and ABS CDOs have become the biggest credit and risk management failure in history. Their story is one of how a small, inconsequential part of the mortgage market grew into a monster large enough to shake the very foundations of the U.S. financial system. It is a story with some elements that are old and some that are new, and it is a story that is far from over. In the meantime, analysts and investors are left wondering about how the $700 billion of outstanding subprime securities should be valued. Written by an expert team of practitioners from UBS?the world's largest wealth manager and a top tier investment banking and securities firm?and Frank Fabozzi of Yale University, Subprime Mortgage Credit Derivatives offers readers the best strategies and risk management tools for dealing with today's growing and currently volatile subprime mortgage credit derivatives market. The authors examine the fa...
By: Executive Fraud
Researchreports) Sharekhan Daring Derivatives for May 08, 2008
2008-05-08 04:42:00 Sharekhan Investor’s Eye Sharekhan Daring Derivatives for May 08, 2008 Daring Derivatives [For May 08, 2008] Please see the attachment for details Sharekhan ...
Researchreports) Sharekhan Daring Derivatives for May 07, 2008
2008-05-07 03:40:00 Sharekhan Investor’s Eye Sharekhan Daring Derivatives for May 07, 2008 Daring Derivatives [For May 07, 2008] Please see the attachment for details Sharekhan ...
Options, Futures and Other Derivatives (6th Edition)
2008-05-05 06:24:00 Options, Futures and Other Derivatives (6th Edition) # Author: John C. Hull # Publisher: Prentice Hall # Number Of Pages: 816 # Publication Date: 2005-06-10 # ISBN / ASIN: 0131499084 # EAN: 9780131499089 Designed to bridge the gap between theory and practice, this successful book is regarded as "the bible" in trading rooms throughout the world. The books covers both derivatives markets and risk management, including credit risk and credit derivatives; forward, futures, and swaps; insurance, weather, and energy derivatives; and more. For options traders, options analysts, risk managers, swaps traders, financial engineers, and corporate treasurers.
Explaining the massive derivatives market and why the Bear Stearns bailout
2008-05-04 17:36:00 With the markets looking a little more rosier these days, we can only remind ourselves of the ghost of Bear Stearns' bail out only 48 days ago. It's still being interpreted. On Saturday, Warren Buffett talked about the bailout, the problems with the derivatives market, and the declining risk of a financial meltdown, and mentioned an incredible statistic that I thought was a typo: If Bear had failed, one or two other investment banks would probably have collapsed within a few days, he said, adding that Bear had roughly $14.5 trillion of derivative contracts outstanding the day after it was bailed out. "The parties that had those contracts would have had to establish the damages that they could claim against that estate very quickly," he said. "Imagine the damage of everyone trying to unwind those contracts," Buffett said. "That would have been a spectacle of unprecedented proportions. It would have resulted in another one or two investment banks going down in a few days." ...
Berkshire net income falls 64 percent because of derivatives
2008-05-03 04:57:00 OMAHA, Neb. (AP) — Berkshire Hathaway Inc. said Friday its first-quarter profit fell 64 percent because it recorded an unrealized $1.6 billion pretax loss on its derivative contracts, and its insurance businesses generated lower profits. Berkshire reported net income of $940 million, or $607 per share, in the quarter ended March 31. That’s down significantly from ...
By: Latest News
All about India's derivatives markets
2008-04-29 20:00:00 The first leap towards an organized derivatives market came in 1848, when the Chicago Board of Trade, the largest derivative exchange in the world, was established. Today, equity and commodity derivative markets are rapidly gaining in size in India. 2 Vote(s)
By: Market Buzz
CORPORATION BANK?S FOREX DERIVATIVES EXPOSURE AT RS 180 CR
2008-04-28 05:53:00 NEW DELHI: A open zone Corporation Bank has pronounced it has an bearing of around Rs 180 crore in a forex derivatives marketplace, though is not awaiting any strike upon a change piece as a corporates, upon whose interest it entered in to a stipulate, will bear a weight. “The notional volume of a bearing ...
Commercial banks head for huge derivatives losses
2008-04-22 20:42:00 Full story here. Use ShadowTraders to get debt-free and at cause. “…New Evidence of A Credit Crack-Up Until recently, economists have had only anecdotal evidence of credit troubles. They knew that individual banks were taking losses. They knew that many banks were tightening their lending standards. And they realized that there were hiccups in the credit markets. So they ...
Derivatives Summary (15/04/2008)
2008-04-15 19:57:00 Nifty (April) futures turned into a premium of 17.5 points from a discount of 5.95 points and around 9.6 lakh shares were shed in open interest.Total open interest in the market was Rs61,673 crore... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Rogers Updates The Markets: The Fed is the Core Problem
2008-04-08 20:20:00 Rogers speaks the truth. Recall, Rogers was the original thinker behind the Quantum Fund (which made George Soros) back in the 1970s. He was right then, and he’s right now. Of course, he’ll be ignored and the free market will continue to get blamed for the problems created by the price fixers ...
The Basic Types of Derivatives Explained
2008-04-07 04:27:00 Many investors are familiar with mutual funds, stocks and bonds to a certain extent. I think a less well understood category of investments are derivatives which get their name because they are "derived from other underlying investments" or because the value of the specific derivative investment fluctuates in value based on changes in value of something else (investment values, interest rates, exchange rates, etc). There are actually only two main types of derivatives: option-based and forward-based. Either type can be traded on a recognized exchange or OTC (Over The Counter). The exchanges are public and provide for standardized, liquid contracts whereas the OTC market is private and allows for much more customization of the individual contracts between parties.Option Based Derivatives Option-based derivatives represent the right, but not the obligation, to engage in a transaction within a set period of time. In other words, an option is exactly that: an option. Just...
Options, Futures and Other Derivatives, Fourth Edition (Solutions Manual)
2008-04-06 21:33:00 Options, Futures and Other Derivatives, Fourth Edition (Solutions Manual)????????????????# Author:John Hull, John C. Hull# Publisher: Prentice Hall College Div # Number Of Pages: 162 # Publication Date: 1999-08-26 # ISBN-10 / ASIN: 0130148199 # ISBN-13 / EAN: 9780130148193 There are many exercises after each chapter of Hull's book and they help a lot in understanding the chapter's content and many questions are very classic. You've got to have this solution manual to know the answers! More importantly, many of the homework questions and even exam questions in my class were very similar to the exercises and I benefited a lot from having this solutions manual!
Credit Derivatives- Part I
2008-04-04 08:40:00 "The news hit stocks and knocked jittery credit markets hard, with the widely watched iTraxx Crossover index breaking above 600 basis points for the first time, a reflection of soaring debt-insurance cost" - Reuters"Credit risk measure the change in the credit quality that have the potential for creating losses resulting in stress in systemtically important financial institutions". Derivative is a risk shifting agreement, the value of which is derived from the underlying asset. The underlying asset can be anything you value, which could be physical commodity, an interest rate, a company's stock, a stock index, a currency, or virtually any other tradable instrument.The reason we go about analyzing this is because of the credit concerns now extend beyond the subprime crisis. One way this is becoming increasingly evident is through the pressure on the balance sheets of financial institutions. What began as deterioration in credit quality altered the market liquidity and this altered v...
Derivatives Chernobyl Delayed To Another Day
2008-03-24 23:43:00 What Created This Monster? by NYT - snip:LIKE Noah building his ark as thunderheads gathered, Bill Gross has spent the last two years anticipating the flood that swamped Bear Stearns about 10 days ago. As manager of the world?s biggest bond fund and custodian of nearly a trillion dollars in assets, Mr. Gross amassed a cash hoard of $50 billion in case trading partners suddenly demanded payment from his firm, Pimco. And every day for the last three weeks he has convened meetings in a war room in Pimco?s headquarters in Newport Beach, Calif., ?to make sure the ark doesn?t have any leaks,? Mr. Gross said. ?We come in every day at 3:30 a.m. and leave at 6 p.m. I?m not used to setting my alarm for 2:45 a.m., but these are extraordinary times.? Even though Mr. Gross, 63, is a market veteran who has lived through the collapse of other banks and brokerage firms, the 1987 stock market crash, and the near meltdown of the Long-Term Capital Management hedge fund a decade ago, he says the curre...
Fed?s rescue halted a derivatives Chernobyl
2008-03-24 18:36:00 Full story here. Don’t wait for “Helicopter Ben” to circle your house. Trade with ShadowTraders, make your money and keep it. “…Fed chairman Ben Bernanke has moved with breathtaking speed to contain the crisis. Last Sunday night, he resorted to the “nuclear option”, invoking a Depression-era clause - Article 13 (3) of the Federal Reserve Act ...
Troubles with derivatives in the financial sector
2008-03-23 16:56:00 I am still convinced that the credit derivatives bomb is slowly ticking in the financial services market, ready to explode and hit all other sectors of the US and global economies. For some extra recent info on the CDS topic, read Swaps Backers Rush to Prevent 'Credit Event' from the Financial Week publication about the recent developments in credit default swap ("CDS") markets, or read The
Charting A U.S. Financial Crisis
2008-03-18 13:59:00 I came across some excellent Wall Street Journal charts this morning which show how the present financial crisis in the United States came to be. Like that old saying goes, ?A picture is worth a thousand words.? Sources: WSJ Market Data Group, Federal Reserve, Dealogic, Equifax, Moody?s Economy.com, National Association of Realtors, St. Louis Federal Reserve, ...
By: Boom2Bust.com
Conflicting views over derivatives proposal
2008-03-18 03:31:00 Stock derivatives are set to lift the stock market to new highs. Nguyen Son, the State Securities Commission's (SSC) market development head, said the commission was working out mechanisms to launch an exchange for stock derivative products within the year. "The establishment of the stock derivative products would... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
ICICI Bank - More On Credit Derivatives
2008-03-09 11:02:00 Chanda Kochhar says a few interesting things in an interview with Mint: ... there are four things that have contributed to the $264 million2 Vote(s)
By: Market Buzz
Partial Derivatives
2008-03-09 10:25:00 Click to enlarge Partial Derivatives 1.00 Partial Derivatives is a simple program that finds approximate numerical values for the 1st and 2nd order partial derivatives of a function at a given point. They are approximated using central difference formulas. You may predefine constants. Handles a wide variety of functions, including trigonometric and ...SHARETHIS.addEntry({ title: "Partial Derivatives", url: "http://www.plentyofsoft.com/ho-me-amp-education/partial-deriva-tives/" });
Credit derivatives: Banks asked to detail exposure
2008-03-06 01:38:00 ?Problems could arise if overseas units post losses'7 Vote(s)
By: Market Buzz
"I view derivatives as time bombs, both for the parties that deal in them a
2008-03-03 18:19:00 "I view derivatives as time bombs, both for the parties that deal in them and the economic system.. The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear.. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal" - Warren Buffet, 2002 * For Buffet's detailed view, or if you care about the upcoming collapse of the financial system, go here. You'll be sad, but happy, that you did.
By: Housing PANIC
UBS Predicts $600 Billion Loss From Credit Crunch
2008-02-29 23:23:00 On Friday it was reported that analysts from UBS AG, Europe?s second largest bank, were predicting total industry losses from the ongoing credit crunch would reach $600 billion, with banks and brokers accounting for $350 billion of these losses. MarketWatch?s Steve Goldstein said earlier today that financial firms have been forced to write-down approximately ...
By: Boom2Bust.com
Latest U.S. Economic Forecast: Apocalypse
2008-02-18 17:53:00 Peter Brimelow from MarketWatch talked about Harry Schultz, the highest paid investment consultant in the world, and his International Harry Schultz Letter this morning. For those of you not familiar with Mr. Schultz, I wrote about him back on December 13: Have you ever heard of Harry Schultz? I sure have, and to this ...
By: Boom2Bust.com
Derivatives ? Boon or Bane
2008-02-17 08:51:00 Before analyzing whether Derivative is a boon or bane. Let us start with the definition of Derivatives. Derivatives are financial instruments which derives its value from the underlying. This underlying can be anything as bullion, commodity, stock, or a stock index. Derivatives can be divided into Forwards, Futures, Options and Swaps broadly based on the purpose for which they are going to be used. Derivatives can either be traded over the Counter (OTC) or on an exchange. OTC?s are the one?s which are customized as per the requirements of the two parties and are not tradable in free market while exchange traded are the standardised one?s and are capable of being traded in an exchange. Now let us take an example and look at a simple derivative forward contract. In this one party is the seller of the contract and the other is the buyer. Let us say the seller is selling gold at a price of Rupees 600. The seller agrees to buy gold 3 months from now at Rupees 610 and both of them get ...
Smart Buyers Collection: SOLVENCY WORRIES STALK CREDIT-DERIVATIVES MARKET
2008-02-15 05:18:00 Smart Buyers Collection is a collection of words of wisdom by various Singapore property watchers.By: AnonymousPosted: 14-2-2008So as to bring you up to speed on what's happening in the real world ........ and its possible effect on us , ..the following that is happening may affect the financial health of the banking systems in the US (but like the proverbial frog in the well, all is still blue skies to you). They are now talking of SOLVENCY, not just LIQUIDITY issue .......it's really quite serious now. This is not meant to frighten but be a voice of caution ........ so as to mitigate potential losses! SOLVENCY WORRIES STALK CREDIT-DERIVATIVES MARKET Gross applied the historical average default rate of 1.25 percent to the $45.5 trillion of notional swaps and assumed a 50 percent recovery rate for holders of the defaulted debt. Under that all-too-plausible scenario, Gross calculated that the default-swap market has the potential to generate losses of $250 billion in coming years. ...
Reports: Daring Derivatives (15/02/2008)
2008-02-15 03:30:00 Daring Derivatives (15/02/2008) [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Monoline Insurers and Government Bailouts: Will They Work?
2008-02-10 21:48:00 “How could Ambac, through the magic of its triple-A rating, with equity capital of less than $5bn, insure the debt of the state of California, the world?s sixth-largest economy? How could an investor in California?s municipal bonds be comforted by a company that during a potential liquidity crisis might find the capital markets closed to ...
BIDV and HSBC look to fine-tune derivatives
2008-02-01 12:27:00 The Bank for Investment and Development of Viet Nam (BIDV) and HSBC signed an international swap and derivative agreement to standardise and streamline legal documentation on all derivative deals. The agreement, part of the memorandum of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Reports: Daring Derivatives (29/01/2008)
2008-01-29 04:16:00 Daring Derivatives (29/01/2008) advertising [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Reports: Daring Derivatives (28/01/2008)
2008-01-26 09:46:00 Sharekhan's Daring Derivatives (28/01/2008) advertising [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Banks May Write Down Additional $300 Billion
2008-01-25 18:27:00 Yesterday, global strategy consulting firm Oliver Wyman said in a new study that an additional $300 billion in write-downs related to the U.S. subprime mortgage meltdown may be announced by banks before the crisis is over. Back on January 18 I noted that write-downs had already surpassed $100 billion. In a press release picked up ...
By: Boom2Bust.com
Write-Downs: $107.8 Billion And Counting
2008-01-19 01:00:00 Well, it?s official. According to the Wall Street Journal this morning, write-downs related to the U.S. subprime mortgage meltdown now surpass $100 billion. From the Journal?s MarketBeat Blog, here is the damage to-date: Merrill Lynch- $22.4B Citigroup- $19.9B UBS- $14.4B Morgan Stanley- $9.4B HSBC- $7.5B Credit Agricole- $3.6B Deutsche Bank- $3.2 Bank of America- $3.0B CIBC- $3.0B* Wachovia- $2.7B* AIG- $2.7B Barclays- $2.7B RBS- $2.5B Credit Suisse- $1.9B Bear Stearns- ...
By: Boom2Bust.com
Wall Street Write-Downs Approach $100 Billion Mark
2008-01-15 22:10:00 Earlier today Wall Street Journal bloggers reported that write-downs related to the U.S. subprime mortgage meltdown have reached $96 billion after Citigroup announced another $17.4 billion in write-downs. A post in the Deal Journal predicted that this amount is expected to top $100 billion by the end of the week. According to the blog, when you ...
By: Boom2Bust.com
Effects of Inflation Catching Up With U.S.
2008-01-15 06:33:00 If we said it once, we’ve said it a thousand times: Inflation ain’t the price of things going up. Its the consequence of printing too many dollars and expanding too much credit out of thin air, which is all the Fed has ever done since its creation. Hence, while many can’t figure ...
Profit from Market Volatility using Stock Options
2008-01-10 23:29:00 With Infosys Results coming in tomorrow, the market is expected to be highly volatile. However with right use of stock options, investors can actually profit from this volatility. There are option strategies like straddles and strangles which let investors profit from huge one way movements. So in cases where you know the stock prices will ...
Standard Chartered in derivatives offensive
2008-01-07 11:34:00 Standard Chartered Bank is bulking up its in-house derivatives expertise across the globe.The bank snared derivatives associate Belle Chan-Moffat from Stephenson Harwood for its London team at a time when most banks are cutting staff rather than recruiting.A source close to the bank said: "There's been significant growth in the commodity derivatives market, particularly in the emerging markets. Because the bank is prominent in various emerging markets, including the Middle East and Asia, it's become a big part of the business."During the next year the bank plans to recruit derivatives lawyers in Dubai, New York and Singapore.Earlier this year (1 October), The Lawyer reported on the dearth of derivatives lawyers in the legal market.The source said: "Good derivatives lawyers are few and far between and the ones that are in the market are highly sought-after."Last year ABN Amro launched a training programme to develop derivatives expertise in-house. |
|
 |
|
 |
