Submitted by AnonWatcher via TheAntiMedia.org,
Serco. Chances are you’ve never heard of the company. If you have heard of the company, chances are you misunderstand the shear enormity of the global company and their contracts.
Remember a week ago when every TV anchor, pundit, asset-gatherer, and commission-taker stormed onto mainstream media and proclaimed the credit market collapse "fixed" because prices had 'stabilized' over the holiday period "proving that 3rd Avenue was a one off" and this dip was a buying opportunity? Yeah, well that was all complete crap... as Investment-Grade cost of funding hits a 3-year high, HY bond spreads blew out to cycle wides, 'triple-hooks' soared to their worst levels in almost 7 years, and credit protection costs rose by the most in years.
Via Dana Lyons' Tumblr,
The NYSE Composite’s bull market is on very thin ice.
A quick and dirty couple of charts from Citi's Brent Donnelly who asks if this is the "Double Bubble."
One for the NASDAQ haters…
Silver double bubble chart along with NASDAQ chart. Similar feel.
Silver double bubble (both tops at 50)
NASDAQ double bubble(?)
Excerpted from Doug Noland's Credit Bubble Bulletin,