Sniffapotomous

A view from the lower east side.

Hello babies. Welcome to earth. Its hot wet and crowded. Out the outside, babies, you've got 100 years here and theres only one rule I know of: "God damn it you've got to be kind".

'Vertigo' Tops 'Citizen Kane' in Poll of Greatest Films of All Time

parislemon:

Stuart Kemp:

Orson Welles’ Citizen Kane no longer enjoys the moniker of greatest film of all time, a plaudit it has held for 50 years.

The movie has occupied top billing in the British Film Institute-published magazine Sight & Sound’s once-a-decade international critics’ film poll since 1962.

I’m not really sure what changed in the past year (I guess just taste?), but I do love Vertigo (yes, more than Citizen Kane).

Wtf! Dude, north by northwest

'Vertigo' Tops 'Citizen Kane' in Poll of Greatest Films of All Time

parislemon:

Stuart Kemp:

Orson Welles’ Citizen Kane no longer enjoys the moniker of greatest film of all time, a plaudit it has held for 50 years.

The movie has occupied top billing in the British Film Institute-published magazine Sight & Sound’s once-a-decade international critics’ film poll since 1962.

I’m not really sure what changed in the past year (I guess just taste?), but I do love Vertigo (yes, more than Citizen Kane).

IG CREDIT: MARKET RECAP

At the New York open today equity futures were pointing toward a strong
open led by a promising session in Europe. Yesterday’s slide in the
S&P, spurred by concerns over China’s slowing economy seemed to be
forgotten. Shortly after the open however stocks slid, though throughout
the day the S&P held ground and closed down on the day - but above 1400.
The only domestic data released today was February existing home sales
which missed street estimates, though an upward revision in the January
number relieved some investors concerned by the narrow miss.

In credit we have seen some notable trends recently. Dealer inventories
continue to slowly climb against a continuing steady flow of IG new
issuance. Investors appetite for corporate credit which was robust
through February seems to have abated some as March has progressed.
Investors seem more selective about where to add risk in their
portfolios and are being more patient in doing so. The recent movement
in rates certainly has being weighing in investors minds… where some
see an opportunity to add corporates ahead of expected credit
tightening, others see reason to take pause and “see where treasuries
settle in”. Together, the move in rates, continued primary issuance, and
dealer inventories slowly ticking up has left secondary volumes
languishing. That said, we have seen decent two-way flows though on a
name-specific basis. Today we saw a modest widening as banks/brokers and
TMT were under pressure despite low volumes across sectors.

One area where investors seem most comfortable seeking value is now in
the intermediate part of the curve in lower beta names. Front end dates
in higher quality industrials have been for sale as they have rallied
with the rest of the market (they were in extremely high demand to begin
Q1 2012) and they typically offer an easy option for clients to fund
against the primary calendar. Coupled with a more cautious approach to
risk addition in the long-end - the 10y point seems most in vogue at the
moment.

Today IG issuance saw north of $5Bn print from 5 separate issuers

HY Earnings - by the numbers

Earnings - Approx two thirds of HY17 constituents have reported
so far, here is a quick tally of how they have done:

Beats: 28%
Inline: 19%
Misses: 12%
Not Reported Yet: 41%

Proper Punctuation, PLEASE

Proper Punctuation, PLEASE