Let's try it and see how it goes:
"Bull market for stress; On the securities trading floors of Boston, the recent madcap market gyrations have made for some long, frenzied and, yes, exhilarating days" August 20, 2011|By Katie Johnston, Globe Staff
Evidence of distressed global financial markets is everywhere in Boston, home to what Loomis says is the nation’s second largest bond market. At Loomis, Sayles, plunging stock markets and spreading national debt crises have transformed the formerly boring world of bonds - debt issued to raise money - into anything but.
Investors are fleeing to the safety of US Treasuries, dumping riskier corporate, foreign, and high-yield bonds that Loomis traders are scooping up at a bargain.
“When I met my wife, she said, ‘You’re in bonds? Bonds are boring,’ ’’ said David Simmons, a trader in investment grade securities who deals with major corporations such as Wal-Mart and McDonald’s. “This is actually where it’s really going on right now.’’
While wild swings in the market give investors heartburn - and worse - the rapid succession of spikes and plunges are what traders live for, giving them opportunities to buy low and sell high....
“Things have been crazy for me for about three years, crazier for the past 15 months, and even crazier maybe the past couple weeks,’’ said global bond trader Marianne Winkelman, 38, drawing an imaginary roller coaster line in the air. “As a trader, you also have to love some level of volatility.’’
By that measure, there was plenty to love Thursday, as financial markets around the world resumed their plunge....
Afterward, they broke up into small groups, discussing a new BP oil leak, negative interest rates at Swiss banks, and other topics that could affect bonds....
Also see: North Sea Oil Spill
A one-and-done, huh?
--more--"
I'm not feeling close to them at all.
