Judgement Left Intact: Vulture Funds

[PhilipDT]

Contado con liqui up 5% Ar stocks down 10% in Wall Street

Merval index down

BONAR 17 in freefall

 

[ajoknoblauch]

No change so far in the dólar blue...

 

[PhilipDT]

No change so far in the dólar blue...

Dollar blue is poorly informed wildly speculative market. It doesn't react this quickly but if as rich posted, CCL is up, then the blue will follow.

 

[dennisr]

Going to be interesting to see how it plays out. Think AR has 25 days to ask the Supreme Court to reconsider which will buy AR some time. Make every effort to settle this thing without a technical default and move on.

 

[PhilipDT]

Going to be interesting to see how it plays out. Think AR has 25 days to ask the Supreme Court to reconsider which will buy AR some time. Make every effort to settle this thing without a technical default and move on.

Yes they will but the holdouts have just been given on hell of a negotiating position.

 

[thorsten]

I guess the chances that the Supreme Court will reconsider its decision are close to 0, so that path basically means just a few days more until the result is "final". The problem with settling is as Philip mentioned: the holdouts are now on top of the negotiation and they won't accept any result which would be ok for Argentina.

 

[ajoknoblauch]

Dollar blue is poorly informed wildly speculative market. It doesn't react this quickly but if as rich posted, CCL is up, then the blue will follow.

At last glance, the blue rate has risen slightly.

 

[PhilipDT]

She's a good girl...loves her mama.....

 

[ajoknoblauch]

I guess the chances that the Supreme Court will reconsider its decision are close to 0, so that path basically means just a few days more until the result is "final". The problem with settling is as Philip mentioned: the holdouts are now on top of the negotiation and they won't accept any result which would be ok for Argentina.

The chances that the Court will reconsider are

http://www.youtube.com/watch?v=MHQK3yo9CBA

 

[GS_Dirtboy]

This gives the K Administration the excuse they need for all the bad things that are about to happen.