ancona
Praying Mantis
Anyone want to bet on the action in the markets today? Asia was unimpressive last night, but there was a hell of a lot less volatility than one would suspect. I believe we will have to see how many CDS holders are out there to really know how hard the default will hit.
I suspect there was a lot of netting done in the months leading up to it, but we won't ever truly know because the CDS market is so dark and opaque.
I suspect there was a lot of netting done in the months leading up to it, but we won't ever truly know because the CDS market is so dark and opaque.