Dino B: Apatosaurus Who?

I guess I feel a little like the Brontosaurus did when he found out, I'm sure much to his dismay, that he was not in fact... real; generally confused, a little worried, somewhat curious as to who this Apatosaurus bloke was. In Microsoft Office, if you type Apatosaurus it will automatically attempt to correct you to Brontosaurus. I think that qualifies for a level of nerd-humor beyond my own capacity for appreciation of nerd-humor. That is saying something.

In any event, I may feel off, I may feel lost, I may have absolutely no idea what to reach out for anymore (other than odd Dinosaur metaphors, naturally), but I can certainly still write Haiku. I've said it before and I'll reiterate it for my own sake again: there wouldn't be a whole lot left of value if I ever lose my sense of humor. I can at least tether myself to that. Today, some broad market musings.

Chipotle Mexican Grill (CMG)
Go go gadget growth.
Remember, burritos won't
sell to Chinamen.

Magnatar*
Short the CDO.
The one we told Goldman to
fill with "toxic junk".

*This might be a little esoteric for my ranting blog but the fact that no major news outlet has yet highlighted the fact that what paper ended up in a particular CDO was almost always selected and/or approved by the party looking to be short the equity is still staggering to me. Poor insurance and pension funds on the other side just wanted a little more yield and a better duration match to their liabilities. Hefty price to pay.


Sell Side vs. Buy Side 
The former is a
bad joke that the latter is
too good at telling.  

BNP
Anything a French
quant can sell today. GS
will buy tomorrow. 

XAU
Not quite the Midas
touch, when the whole world finds out:
fungible is king.

PIMCO
No bid for the front 
end of the curve, just talking 
your ginormous book.

PIMCO (2)
Does this mean that Bill 
will now be shinning Black
Rock's brand new dress shoes?

Mr. Market
The sky is falling.
I say just close your eyes and
bid the Spoos. Trust me. 

Weak sauce, sorry, head is either in the clouds or in the sand. Let me know if you know which one.

-I Heart Palindromes