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I wonder if this has to do with throwing people off and making more money as a result. If people don't realize this happened (and it should take a while for the information to get out), HFTs effectively will be trading with inside info and people (or algos that were not updated) will be posting...

TUR (turkey) PE ratio is 9.5 and the 10y bond yield is 10% RSX (russia) PE ratio is 6.8 and the 10y bond yield is 11% probably good examples of that as well. I believe Jim Rogers is long Russia

Effectively, a good global investor can find its Buffett 1974 moment every few years if he is astute enough. I believe Turkey might be another case where this underpricing is going on but I would have to take FX risk, which makes things a lot more complicated. This goes to show why this...

This is sort of thing that makes me serioulsy consider starting to buy Brazilian equities. I have one advantage with it that most people don't, which is I don't have to care about the exchange rate because I live there. But the point is that interest rates are rising and there is a fiscal and...

Point is, distortions caused by the Fed model lead to a overpricing or underpricing of risk in some situations in stock markets. The Fed model can lead people to buy or sell at the wrong moment. Tepper is very much right that there is not much of a safety cushion in the stock market at these...

This paper shows that there is a flaw in the way that people price stocks are a result of this fallacy which leads to ocassional mispricing in indexes as a result of that. One of those was the severe undervaluation of US equities in the 70's (which made people like Buffett very rich, one could...

Here is an excellent paper (from 2002) that explains the fallacy that current investors fall for (stocks are cheap because interest rates are low, "where else should I put my money") http://papers.ssrn.com/sol3/papers.cfm?abstract_id=381480 The Cliff's notes (pun intended) are: the Fed model...

Reverse tepper principle at play here. yes the fed wont hike with stocks like this but it won't help investors because they are losing money anyway. Had stocks risen the Fed would have, which would kill the rally. So either way people would have lost. I'm sure this was part of the reason why...

I covered 1/5 of the short in this pre-market weakness. Its the chase short the day after the Fed no hike day. Just to keep myself sane and make it easier to hold through the ups and downs. Still short most

There are only two position sizes, too much and not enough. This was the latter. So far I have been right, lets see if that continues

So I added a bit into a pop pre-market. now its just a matter of completly removing this position from my field of vision and being patient as hell. Not let my day trading side want to something with it. Either I cover at 2005-2010 SPX if wrong or into a significant flush if i'm correct. I might...

Although, 1 buck of that i believe its due to the ex-div date

Damn, 3 buck gap down on SPY. Peter Brandt is also calling this market a short. I think I will add small on a rally today and try to ride this thing all the way down to a significant october flush

I have to stay, I watched the market the entire day and it was great. I hadn't had that much fun trading in a long-time. I find day trading stocks (which is the vast majority of my trading), extremely boring. specially in days where I can't leave the computer because a big move could happen at...

I will see if I can add tomorrow. If markets continue down the extra profits might give some staying power

It makes sense to be short huge because the risk is so contained. Namely, that 10-15s to the 2000 breakout, the reward compared to that is so large

This is the type of setup that makes a lot of sense to go for a home run but its hard for me to go huge here. The back and forth of the HFTs, the dovish statement, those things make you doubt your position when the market pops and want to cut back some. Then when it tanks you want to add more...

I got a 3/4 position but I wont play this off 205. If SPX gets about 2000 and stays there, I'm bailing. It should work though. If the market can't rally on this, I don't see what it can rally on

cut back some. wont alert anymore. market trading too fast

now back to full size short. If this market can't rally on this, it must be a good short