Mark S. Young
Posted 25 April 2018 - 09:12 AM
Interestingly, Financial Commercial Paper pays a negative premium to Non-Financial Commercial Paper. I.e. the smart money isn't remotely concerned about getting paid back by the Financial companies that they're lending to.
In my experience, a negative reading (we're now at -0.03) is a ST Buy.
Mark
Mark S Young
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Posted 25 April 2018 - 02:42 PM
market behaves miserably for all buy signals.
Member
Posted 25 April 2018 - 02:46 PM
I wonder if there is any new high seeker now ...
Mark S. Young
Posted 26 April 2018 - 06:46 PM
Hmmmmm... 
Mark S Young
Wall Street Sentiment
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Posted 26 April 2018 - 09:13 PM
Great call, BTW. Looking even better AH following blockbuster earnings.
Volume Dynamics Specialist
Posted 26 April 2018 - 09:21 PM
Just a reminder... first came the LIbor issue in 2008, then commercial paper went flaky...
It's a secondary CONFIRMING indicator....
And the fact they are trying to do away with LIBOR should tell you everything you need to know....
Edited by SemiBizz, 26 April 2018 - 09:23 PM.
Volume Dynamics Specialist
Posted 29 April 2018 - 11:00 AM
Here's where they are going with this...
Key Phrase:
https://asreport.ame...ting-an-upgrade
Over the next few weeks, there will be a “gradual” transition to submissions of interest rates on actual wholesale financial transactions, rather than solely in-house opinions, in reporting the rates they would agree to borrow funds from other banks.
This is going to backfire like nothing else in history...
They have lied to each other for years...
They already don't trust each other...
When this thing goes the wrong way, there's going to be no BS buffer, which probably saved our @$$3$ in 2008...
