So this is what lack of liquidity looks like.

[AK]

Looked at the ABX indices today out of morbid curiosity. BBB- is in the 30s, with even some of the AAAs below 90. I suspect that some brave bottom-fishers will make some money out of this, but they’ll have to be patient and, more importantly, they won’t be able to play with Other People’s Money.


ABX-HE-AAA 07-2 7 2 76 0A08AHAD4 90.63 99.33 90.63
ABX-HE-AA 07-2 7 2 192 0A08AGAD6 83.14 97.00 83.14
ABX-HE-A 07-2 7 2 369 0A08AFAD8 60.43 81.94 60.43
ABX-HE-BBB 07-2 7 2 500 0A08AIAD2 42.18 56.61 42.18
ABX-HE-BBB- 07-2 7 2 500 0A08AOAD9 38.94 50.33 38.94
ABX-HE-AAA 07-1 7 1 9 0A08AHAC6 88.00 100.09 88.00
ABX-HE-AA 07-1 7 1 15 0A08AGAC8 70.83 100.09 70.83
ABX-HE-A 07-1 7 1 64 0A08AFAC0 46.39 100.01 46.39
ABX-HE-BBB 07-1 7 1 224 0A08AIAC4 36.25 98.35 36.25
ABX-HE-BBB- 07-1 7 1 389 0A08AOAC1 35.14 97.47 35.14
ABX-HE-AAA 06-2 6 2 11 0A08AHAB8 90.64 100.12 90.64
ABX-HE-AA 06-2 6 2 17 0A08AGAB0 75.79 100.12 75.79
ABX-HE-A 06-2 6 2 44 0A08AFAB2 55.07 100.12 55.07
ABX-HE-BBB 06-2 6 2 133 0A08AIAB6 44.57 100.59 44.57
ABX-HE-BBB- 06-2 6 2 242 0A08AOAB3 37.86 100.94 37.86
ABX-HE-AAA 06-1 6 1 18 0A08AHAA1 95.00 100.38 95.00
ABX-HE-AA 06-1 6 1 32 0A08AGAA9 88.43 100.73 88.43
ABX-HE-A 06-1 6 1 54 0A08AFAA7 70.36 100.51 70.36
ABX-HE-BBB 06-1 6 1 154 0A08AIAA4 62.36 101.20 62.36
ABX-HE-BBB- 06-1 6 1 267 0A08AOAA2 56.57 102.19 56.57


[(former)FormerSanDiegan]

This looks like a core dump to me.

What does it mean ?

[(former)FormerSanDiegan]

This looks like a core dump to me.

What does it mean ?

[(former)FormerSanDiegan]

This looks like a core dump to me.

What does it mean ?

[HLS]

We are in new territory today. A continent has been discovered that nobody wants to admit could exist.

There has to be panic on the street.

There might be fortunes made by a few, but I think that more will be lost than people thought possible.

When it comes out how few actual people were involved in the trading of these trillions of dollars, I think that people will be amazed, and it will affect 10’s of millions.

The govt in wisdom will form a committee to investigate how this could happen. In about 5 years, and at billion dollar cost, they won’t have a good answer, other than GREED.

There will be LOADS of speculation and players in and out.

[HLS]

We are in new territory today. A continent has been discovered that nobody wants to admit could exist.

There has to be panic on the street.

There might be fortunes made by a few, but I think that more will be lost than people thought possible.

When it comes out how few actual people were involved in the trading of these trillions of dollars, I think that people will be amazed, and it will affect 10’s of millions.

The govt in wisdom will form a committee to investigate how this could happen. In about 5 years, and at billion dollar cost, they won’t have a good answer, other than GREED.

There will be LOADS of speculation and players in and out.

[HLS]

We are in new territory today. A continent has been discovered that nobody wants to admit could exist.

There has to be panic on the street.

There might be fortunes made by a few, but I think that more will be lost than people thought possible.

When it comes out how few actual people were involved in the trading of these trillions of dollars, I think that people will be amazed, and it will affect 10’s of millions.

The govt in wisdom will form a committee to investigate how this could happen. In about 5 years, and at billion dollar cost, they won’t have a good answer, other than GREED.

There will be LOADS of speculation and players in and out.

[no_such_reality]

The govt in wisdom will form a committee to investigate how this could happen.

So who is Joe Kennedy this time around?

[no_such_reality]

The govt in wisdom will form a committee to investigate how this could happen.

So who is Joe Kennedy this time around?

[no_such_reality]

The govt in wisdom will form a committee to investigate how this could happen.

So who is Joe Kennedy this time around?

[SD Realtor]

FSD I am really bad at this but I believe the ABX indicators are as follows…

The rating of the security is on the left… The numbers on the far right are at least to me the most telling. Look at the last 3 entries of the first row for instance….

90.63 99.33 90.63

So I believe the 90.63 represents the last bid and ask for that particular security. (Someone please correct me as I am way over my head here)

If you look at some of the BBB securities you see that there are some SERIOUSLY low entries, one as low as 35.14.

I am just an engineer/realtor so sorry for not being able to explain this better.

SD Realtor

[SD Realtor]

FSD I am really bad at this but I believe the ABX indicators are as follows…

The rating of the security is on the left… The numbers on the far right are at least to me the most telling. Look at the last 3 entries of the first row for instance….

90.63 99.33 90.63

So I believe the 90.63 represents the last bid and ask for that particular security. (Someone please correct me as I am way over my head here)

If you look at some of the BBB securities you see that there are some SERIOUSLY low entries, one as low as 35.14.

I am just an engineer/realtor so sorry for not being able to explain this better.

SD Realtor

[SD Realtor]

FSD I am really bad at this but I believe the ABX indicators are as follows…

The rating of the security is on the left… The numbers on the far right are at least to me the most telling. Look at the last 3 entries of the first row for instance….

90.63 99.33 90.63

So I believe the 90.63 represents the last bid and ask for that particular security. (Someone please correct me as I am way over my head here)

If you look at some of the BBB securities you see that there are some SERIOUSLY low entries, one as low as 35.14.

I am just an engineer/realtor so sorry for not being able to explain this better.

SD Realtor

[cyphire]

I think that that is a core dump – I get the same results when I load a 16 bit OS/2 driver into windows vista…. Should I call my broker or a network engineer?

[cyphire]

I think that that is a core dump – I get the same results when I load a 16 bit OS/2 driver into windows vista…. Should I call my broker or a network engineer?

[Author]

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