tag:blogger.com,1999:blog-4405345292513335071.post673239770543470597..comments2024-03-19T18:44:15.041+08:00Comments on Little Stories: Chaos in the Financial MarketsGilbert Koh aka Mr Wanghttp://www.blogger.com/profile/01027678080233274309noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4405345292513335071.post-84162016176411993902007-08-19T13:51:00.001+08:002007-08-19T13:51:00.001+08:00Interesting times indeed, Mr Wang. Life was actual...Interesting times indeed, Mr Wang. Life was actually getting a bit boring earlier.<BR/><BR/>I've kept most of my positions so far, and the drawdown has been quite fierce.<BR/><BR/>I think the central banks will get us out of it for now, and the markets will live to tank another day.<BR/><BR/>But like you say, no one really knows. That's the fun of it.<BR/><BR/>One motivation came out of the correction though. Got to open a futures account so I can go short!hugewhalesharkhttps://www.blogger.com/profile/05464651179214970834noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-34720558397919947172007-08-19T12:22:00.000+08:002007-08-19T12:22:00.000+08:00In % terms, *much* less than if a man in the stree...In % terms, *much* less than if a man in the street were to buy a unit trust from the retail branch of a local bank, LOL.Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-9619680679023735032007-08-19T12:02:00.000+08:002007-08-19T12:02:00.000+08:00Mr Wang, If one invests in a $10 million AAA-rated...Mr Wang, <BR/><BR/>If one invests in a $10 million AAA-rated corporate bespoke CDO tranche put together by your bank, how much fees are earned by the sales desk, the structuring desk and the rating agencies respectively?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-19919719245104887802007-08-18T20:49:00.000+08:002007-08-18T20:49:00.000+08:00You are right...A "nuclear winter" for structure p...You are right...<BR/>A "nuclear winter" for structure products is a real possibility. It is unlikely that there will be buyers for these after what the fund managers who held these have gone thru...<BR/><BR/>Definitely, the market will not go away, but the issuance will fall to about 20% of current levels. This is after a fed easing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-20120698398668836922007-08-18T18:51:00.000+08:002007-08-18T18:51:00.000+08:00Mr Wang, you think that the equity bull run is ove...Mr Wang, you think that the equity bull run is over? Don't you think that the Fed have a lot of room to cut interest rate if the subprime financial market crisis were to spillover to the real economy? <BR/><BR/>But I think you can forget about selling CDOs or anything that is leveraged on credit to your clients for a while. <BR/><BR/>Anyway in a credit downturn, you consider joining a distressed desk. The IBs are already buildng up their distressed debt capabilities.bsdhttps://www.blogger.com/profile/13231066955240615914noreply@blogger.com