Friday, July 13, 2007

It ain’t “Investment Grade”, it’s “Weapons Grade” you bozos.

Lehman Says Worst Is Over, Buy Corporate Credit (Update1)

July 13 (Bloomberg) -- Lehman Brothers Holdings Inc., the biggest underwriter of mortgage bonds, says the worst of the global credit market rout caused by subprime mortgage defaults is over and investors should buy European investment-grade debt. ``Much of the pain has been squeezed out,'' Lehman's London-based credit strategist David Brickman said in an interview. ``There may be some aftershocks, but investors are showing a willingness to take exposure to investment-grade credit.''

Posted by lvmreader @ 02:43 PM (457 views)
Please complete the required fields.

5 thoughts on “It ain’t “Investment Grade”, it’s “Weapons Grade” you bozos.

  • japanese uncle says:

    In a Fixed Income Division Director’s office within LeXXXn Brothers

    Director; “Sell, Sell, Sell, Don’t aurgue sell !!”

    Clerk: “Boss, you’ve gotta call from your client.”

    Director: “Hellllloooowwww- John. Nice to hear from you. ……Yes you can trust me, this is genuinely super investment grade.
    I am absolutely 120% sure. You would be a fool if you wouldn’t take this. Yes,…. Yes. Talk to you soon, by…”

    Director; “Sell, sell, sell, don’t argue. Just sell like a hell !!”

    Please complete the required fields.

  • dohousescrashinthewoods says:

    Quite – this ranks alongside the Fed saying that the US housing slump is bottoming out and that they expect a recovery in the second half of the year, and countless other bits of investment advice designed to get the insiders out and sucker the public.

    Please complete the required fields.

  • Stoatgobbler says:

    They’re confusing the flight to govvies (quality?) with general fixed income demand. Yield on govvies may well drop, but risk aversion will keep spreads pushing wider – much wider. Not a good time to pick up non-govvie debt at all I would guess.

    Please complete the required fields.

  • Whiteknight says:

    ha. good comments.

    Weapons Grade Bozocity. (WGB)

    Heres the conundrum (not in this particular case obviously).

    Say “Oh my god all these credit instruments are a steaming pile of worthless horse manure . and watch it go quickly to zero faster than you can say Ratners” OR say “Nothing to see here everything looks strong ” and be busy selling behind the scenes. Of course the latter could land you on the end of a class action law suit or worse later on.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>