JabairuStork, what was that y'day evening?

baghead · Post by **baghead** » Tue Oct 11, 2005 8:50 am

ITRX S4 5y Equity widened after the actual close as far as 31.4 bid

Is that the beginning of new correlation turbulences and did somebody panic or was it the preparation for a snapback (just marking the spread a bit wider and being the first seller of protection this morning)?

JabairuStork · Post by **JabairuStork** » Tue Oct 11, 2005 6:36 pm

possibly in anticipation of 700 deals containing Delphi that Moody's and S&P will be downgrading . . .

James · Post by **James** » Wed Oct 12, 2005 6:56 pm

this is a hilarious thread!