Great trade surf. I follow es instead of ym .. In this case I would sell half of the position at these levels(770s) & keep the other half just in case we may rally to 800 level with 740 area stop.
Great Question:-)
But be careful when you are short the ETF and hold the position overnight. Since you are short, you have to mail the prospectus next day, the mail costs add up:-)
I assume that you are not a trader, as no sane trader will support the uptick the rule. Elimination of this rule was the best thing that ever happened to our industry and made it a fair game.
ralph00 mentioned a great way to play it on the institutional side and I mentioned a way to play it on the retail side. That is it..
To play means in my book is a trade with your risk capital only and long term..
Well I did not think bonds were a bubble last year. Now, I do.Time will tell my friend.. Eventually printing money in the system and a slight economic recovery will result in higher yields.
This is a no brainer long term trade. Short term it may not be profitable but long term one should do great imo.
If you wanna play it you can get long TBT(2xinverse 20yr+ long bond) & PST(2xInverse 7-10 bond).
I would not make fun of this unfortunate situation.
If things get more desperate the easy way out for USA would be the invasion or annexation of Canada :-)
Vast amount of natural resources, oil reserves and relatively small population on the second largest land in the world.
The integration...