Exactly. Same thing as with Greek CDS. So you hedge yourself perfectly by buying protection and going long the debt instrument and all of a sudden, your debt is cut down to 35 cents on the dollar and your CDS is worthless because it's not a credit event?
I think it has to do more with uncertainty. There is no clear cut view on what Obama will do if he were to be re-elected (since none of his policies would pass congress) so businesses would be hesitant to make moves.
Cool bro. No worries. I'm sure the people here at TSW will accumulate cash so you could go somewhere nice where you won't get exploited and, importantly, never post here again.
Chef is on the sales side and it's only normal that they would stick to people who look presentable. Back office/middle office folk or people who don't deal with clients are different issues altogether.