Stocks to watch 2012 (2)...

I'd normally make the effort to at least read some accounts, check some P/E ratios, dividend yields etc. But I'm drinking a bottle of Chianti, half watching Scarface and catching a train tomorrow. I'm not making much sense of them the financial statements.

But neither is anyone else making any sense about the recent ECB intervention. Supposedly clever people are calling it a 'failure' simply because the (printed) cash has shown up as a deposit on the ECB balance sheet. Now think about it. When you take a loan from a bank they pay it into your ****ing account and it shows up as a deposit on their balance sheet. These are 3 year loans that will bail out the bondholders of screwed EU banks and screwed EU governments. They will be used to pay back bondholders and subscribe to the ever increasing issuance of sovereign debt.

So these are all long positions, based on the thesis that companies who have been sold down because of the EU debt crisis will recover as they get bailed out by monetiziation. The plan is to take these positions when the market opens in the morning. Here goes please note, these are not investments, they are spread bets BETS, and this is a kind of diary, not investment advice:

Someone seems to think high yielding, establishment insurance firm Aviva has exposure to dodgy euro debt:

Lloyds might have bottomed. Another establishment company that might benefit from a big high street presence and monetization:

Barlcays didn't get gobbled up by the government, but suffers whenever the euro-debt crisis rears its ugly head:

If the bondholders do get their cash, what will they do with it? A sluggish economy, low mortgage issuance and cash-rich blue-chips means they might bid up the dividend payers. Is BP oversold - will the Gulf of Mexico/problems in Russia really cost 25% of the company? The world is still thirsty for oil

Happy hunting!