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Couldn't disagree more with this. Bernanke doesn't think QE3 is his last bullet. He doesn't think a central bank can EVER run out of bullets. If you disagree with that, its not relevant, he is the one controlling the printing press The bar for easing a higher than the market thinks but it...

Just bought back 66% of my TLT

I believe Europe will be back at implosion mode soon, how soon I don't know but if TLT starts going up again I'm going to buy "Certainty" is too strong a word to use, I find it probable TLT will give me a buy setup soon

Also sold all my TLT. Global verbal and actual intervention started sooner than I expected. Plan to rebuy it though

Covered EWH in the pre-market here(16.38). Got a bit unlucky, I was thinking of covering this morning then they announced the rate cut. Overall I endup making money in the HKD long and the EWH short EWH endup underperforming SPY by around 9% since 17 sep 2011 when it was I started the trade...

Yes I said I don't believe in stops but I effectively use a similar type as O'Shear, it doesn't have a number, its just a wide price move against my position specially if combined with new information. I wouldn't object at his use of stops instead of the typital TA type 'put at the recent low...

Just starting reading Hedge Fund Market Wizards. So far I'm impressed. Only have read the first chapter(Colm O'Shea) but I was struck by how similar his trading style is to mine I also noticed that a ton of his 'trade construction' ideas and beliefs were very similar to conclusions that me...

It seems to me that the more unconventional stimulus the fed does, all else being equal, the less stimulus they will provide in the future. This is due the following factors -The conservative way they behave the bigger the balance sheet goes -They take more criticism they have to take -The...

I'd suggest you read Scott Sumner blog. Econ profession is too obsessed with interest rates and thus miss out on a lot of stuff, its all about expectations

Hilsenrath piece was hilarious. He spent half of the article throwing arguments on why QE3 is not likely anytime soon and yet the takeway from most people is that QE3 is coming in a emergency meeting within 24 hours

http://s.wsj.net/public/resources/images/OB-TF884_5y5yfw_K_20120605125515.jpg This along with a decline in stock prices has been a good predictor of Fed action. At this point I just don't think its bad enough. Econ data has been weak but its not that weak, certainly not weak enough to make it...

http://www.snb.ch/en/mmr/speeches/id/ref_20120531_jpd/source/ref_20120531_jpd.en.pdf Vice chair of SNB "In the current global context, Switzerland’s economic situation does not justify any strengthening of monetary conditions and this should remain the case for the foreseeable future."...

15% for domestic capital gains. Foreign capital gains its the same rate but you are not allowed to deduct losses(Makes it impossible to trade profitably)

FOMC doesn't change their mind quickly. I believe these QE3 expectations are currently misplaced(If they are for the next meeting). Perhaps the fed might throw some kind of bone(Twist extension) but I don't believe the current data supports QE3 Specially, because people are being dumb not...

Even though I have quite a bit of bearish exposures I hope the ISM Mfg beats. QE3 at the next meeting(Which at this point is not a baseline case at all, read Dudley) could mess up my trades

Gold just did a large reversion on NFP. And the QE3 hunt begins

Brazilian GDP yoy 1.9%. Same as US

European stocks getting cheap. Shiller style PE at 11. 44% of profits are from outside Europe http://www.economist.com/node/21556299?fsrc=rss%7Cfec I wouldn't buy them anytime soon but I will certainty keep an eye. Its definitively an opportunity building up

http://www.pimco.com/EN/Insights/Pages/Asset-Allocation-Does-Macro-Matter-Part-II-.aspx

It was bought on May 25 http://www.sec.gov/Archives/edgar/data/1376139/000110465912040807/xslF345X03/a4.xml Looks like he is back at buying. I might get back in the stock