Sorted Weekly Tweets

Market Dynamics


  • Go Your Own Way: Correlation Breakdown in the Market @japhychron hints at deterioration in US stocks as USD strengthens May 26, 2012
  • RE: To me it implies that conservative HY investors are running out of places to put money.  Yellow flag. May 25, 2012
  • Vanguard Closes High-Yield Fund — ETF Alternatives Note: ETFs proposed take more credit risk than Vanguard fund does $$ May 24, 2012
  • Vanguard’s high yield fund was fairly conservative; they may feel strain in the size of their positions relative to t… May 24, 2012
  • RE: They were called the Americus Trusts, sponsored by the Americus Shareowner Service Corp., and they had Scores and… May 23, 2012
  • Wealthy Americans Turn to Trusts to Shield Assets Reasons: taxes, liability, avoid probate. Covetous world $$ May 23, 2012
  • You can say that again, momentum is addictive $$ RT @credittrader: lol – never learn – especially when momentum feels so good haha May 23, 2012
  • @credittrader I’m well. Fascinating that $JPM didn’t learn from the correlation crisis in 2005; tranche px/corr relationships shift $$ May 23, 2012
  • IG CDX diverges from S&P500; JPMorgan advocates mean reversion trade Long IG spreads vs HY spreads and equities $$ May 23, 2012
  • Kroll Sees Supplanting S&P in Rating Commercial Mortgage Bonds Gratuitous trash talk on competitor S&P from Kroll $$ May 22, 2012
  • Treasuries in Longest Winning Streak Since ’98 on Europe Everyone knows that Treasury yields can only fall, right? $$ May 20, 2012




  • Merkel May Be Persuaded on Euro Debt-Sharing Compromise H/L misrepresents Merkel; does not seem likely politically May 25, 2012
  • Indeed, why not? RT @TimABRussell: “ Why not just pick the best person for each position regardless of sex, race, etc? May 25, 2012
  • If a man will not respect his “wife” by marrying & staying with her, why should you expect him to respect women in mo… May 25, 2012
  • Stock Market Performance Versus Dollar Difficult for the US stock market to do well when the $$ is strengthening v Euro May 25, 2012
  • Slim Family Sees European Crisis as Good Time to Invest Buy when there is blood running in the streets $$ #slimchance May 25, 2012
  • Europe Girds for Greek Exit Two problems: Can’t kick Greece out & Greece can only leave Eurozone by leaving EU $$ May 24, 2012
  • Euro-Zone Economic Contraction Deepens Overindebted Eurozone muddles as politics/bureaucracy strangle growth $$ May 24, 2012
  • EU Chiefs Clash on Euro Bonds as Crisis Summit Bogs Down Fiscal Union requires political union; elephant in room $$ May 24, 2012
  • The Seeds of the EU’s Crisis Were Sown 60 Years Ago Overly ambitious EU goal of “ever closer union” leads 2 crisis $$ May 24, 2012
  • War-Gaming Greek Euro Exit Shows Hazards in 46-Hour Weekend Assumes Greek competence & they care about global mkts $$ May 23, 2012
  • A Greek Exit Could Make the Euro Area Stronger Concludes that a Greek exit would lead the rest 2 pull together $$ May 23, 2012
  • Campaign for Joint Euro Bonds Builds Will the core Eurozone countries give up resources to bail out the fringe? $$ May 23, 2012
  • Europe’s Prisoner’s Dilemma – LTRO Needs to Continue for Years Until govt debt is gone from finl sector’s bal sht $$ May 23, 2012
  • Germany to Sell Interest-Free Bonds It is good to be king. People give you their money, & they pay for the honor $$ May 22, 2012


US Politics / Economics


  • Even with a High Court win, Obamacare won’t work Failed ideas @ the states will not add up to a successful Federal plan May 26, 2012
  • USDA Is a Tough Collector When Mortgages Go Bad Definitely has different goals than most of the govt re mortgages May 26, 2012
  • Report: Negative Equity More Widespread Than Previously Thought Adds in value of second liens, 31%+ inverted $$ May 24, 2012
  • Let Mr. Reid look to his own spending extremism.  As for me, let the tax cuts expire, and automatic cuts happen.  Bet… May 22, 2012
  • Shale Glut Means $1-a-Gallon Savings at the Pump Liquefied Natgas would shave $1/gal over diesel for trucking $$ May 22, 2012




  • New Signs of Global Slowdown Weak Reports in U.S., Europe and China Suggest Economies Are Slipping in Sync $$ May 26, 2012
  • @researchpuzzler Pettis is among the best on China. @ritholtz and John Mauldin are good friends. Trends in China r very negative… $$ May 25, 2012
  • EM investing: check out the grid 3Qs How much electricity do they have? Future development? Probability of success? May 24, 2012
  • China flash PMIs point to contraction, again The number for May is 48.7, compared to 49.3 in April. 7th decline. $$ May 24, 2012
  • China, North Korea ties hit rough weather Kim Jong Un needs lessons showing honor2the Suzerain: Chinese Communist Party May 24, 2012
  • RE: @SoberLook I’ve heard that Chinese electricity consumption has flatlined.  Another straw in the wind. May 21, 2012




  • Facebook Investor Spending Month’s Salary Exposes Hype Please. Stox r risky. High expectation stox r veryrisky $$ $FB May 24, 2012
  • General Mills Unveils Restructuring, Job Cuts $GIS Budget-conscious US consumers push back against price increases May 23, 2012
  • Benihana Agrees to $296 Million Buyout Agreed 2b acquired by investment firm Angelo Gordon & Co. for about $296M $$ May 23, 2012
  • The Miracle on Wellington Street Fairfax Financial Holdings’ tricky transaction for 6.6% of Odyssey Re -> legal trouble May 21, 2012
  • Barclays to Sell Entire $6.1 Billion BlackRock Investment Basel III rules make it uneconomic to hold as capital $$ May 21, 2012
  • Houghton Mifflin Harcourt Publishing Files for Bankruptcy Bank debt -> New Equity, old Equity -> warrants for 5% $$ May 21, 2012


Financial Sector


  • JPMorgan Gave Risk Oversight to Museum Head Who Sat on AIG Board No banking experts on $JPM ‘s risk ctrl committee May 25, 2012
  • Goldman to JPMorgan Swap Trades Soar on Risks A cheap-ish option on systemic risk rising. And not in the eurozone! $$ May 25, 2012
  • JPMorgan Copper ETF Plan Seen Creating Havoc by Merchant Groups They oppose retail hoarding b/c it hurts them $$ May 24, 2012


Advice Regarding Life


  • I Wish I Had Known: Don’t Underestimate Compounding In EVERYTHING People overrate their ability to change habits $$ May 26, 2012
  • Compound Experience, Not Just Interest Early behavior influences later behavior, and the options that will be open 2u May 26, 2012


Berkshire Hathaway


  • Buffett Says Free News Unsustainable, May Add More Papers Strategy: Buy papers, end free distribution on Internet $$ May 25, 2012
  • Buffett’s Idiot Challenge Seized by Jain in Premium Hunt Misses how Jain blew it reinsuring life & LTC from Swiss Re May 23, 2012
  • Don’t get me wrong, Ajit Jain knows more about insurance than me; I’m saying he is not perfect; he does not know all insurance equally $$ May 23, 2012


High Frequency Trading


  • +1 That would work too RT @merrillmatter: @AlephBlog how about for all orders, one second minimum life May 24, 2012
  • Mutual Funds Promised Haven From Speedsters I proposed this HFT solution @ BaltimoreCFA 2 1 of those interviewed $$ May 24, 2012




  • The sex slavery stuff makes me sad/angry. I have daughters. $$ RT @moiracathleen: Brothels on Wheels @leafjohnson May 25, 2012
  • How a bizarre legal case involving a mysterious billionaire could force 1.2M Canadians 2b married, against their will May 24, 2012
  • Veterans Face Ruin Awaiting Benefits as Wounded Swamp VA Long sad tale: wounded vets not getting enuf disability pay May 24, 2012
  • Gold Boom Spreading Mercury as 15 Mln Miners Exposed Long fascinating article about mercury poisoning in Colombia $$ May 24, 2012
  • Rust-Belt Babushkas Live Alone as Fewer Remain to Marry % of US single person households up ~250% since 1940, 8%->27% May 23, 2012
  • Private Spacecraft Lifts Off Toward Space Station The sustainable space age has begun, w/private $$ flying rockets May 23, 2012
  • Fitch Downgrades Japan Blasts the govt 4 taking a “leisurely” approach2solving country’s spiraling debt problems $$ May 23, 2012
  • Is the College Cave Age About to End? Thinner slices of “deeper” knowledge produce less relevant research & teaching May 21, 2012
  • Getting America on a Diet That Works What’s funny2me is how little agreement there is today on what works in diets $$ May 21, 2012
  • +1 Fatal Risk RT @ToddSullivan: AMAZING book…one of my favorites RT @alephblog: Please follow my friend @BoydRoddy, who is new to Twitter May 21, 2012
  • Please follow my friend @BoydRoddy, who is new to Twitter. $$ May 21, 2012
  • Read my review: ‘The Alpha Masters: Unlocking the Genius of the World’s Top Hedge Funds’ by Maneet Ahuja via @alephblog May 21, 2012