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  1. L

    What will break this uptrend?

    Fucking A, don't ruin my case will you please? People are going to find the bearish stance dumb in the same way the GOP is retarded because they have Ann Coulter supporting them (no offense to retards intended). The FED buys treasuries and market participants sell them to the FED, taking...
  2. L

    What will break this uptrend?

    Lots of places. I bet some went to EM's, commidities, private equity investments, small caps, medium caps, derivative bets, real estate (which is where they really hoped a lot of it would go but didn't obviously) and a bunch of other shit I can't remember. The FED's QE is also what I've read...
  3. L

    What will break this uptrend?

    The FED isn't backstopping the markets. It's the collective belief (mania) that they are which is leading to a risk-on attitude which is not going to end well. It wasn't even the FED's original intention to boost stock prices to this level and increase the premium paid to own equities by this...
  4. L

    What will break this uptrend?

    Sigh. Ok let me explain to you what will put in an intermediate-term top (possibly long term but there's no way of knowing until you get to see what kind of support there is to be found down below) Sorted from most likely to least likely, each of these individually should see at least a...
  5. L

    Goldman closes Global Macro Desk

    I know this is due to something entirely different but it must be said I think this is because macro fundamentals DON'T MATTER anymore.
  6. L

    red !

    Noobs. BUYING OPPORTUNITY!!!!!!
  7. L

    why are index futures up tonight?

    Dude come on, there isn't that much correlation between most forms of news and index movements. Futures are up because the trend is up and everybody is buying. Some news on Dell is maybe going to add a little spice to the move but if there had been no news they would have moved up just the same...
  8. L

    Did you buy the correction today?

    Huh, shorting bear ETF's is actually not even such a bad idea given how shit their performance is. If you're generally short the market (stocks or futures) you could probably even upgrade your performance a bit by shorting the bear ETF's and transferring the proceeds into some unrisky interest...
  9. L

    gotta laugh at the cnbc guys

    Don't worry. As a bear you can be happy because you have 100% certainty that all markets will eventually go to 0. The question is will you live to see it? :D
  10. L

    gotta laugh at the cnbc guys

    It's not a ponzi scheme, it's a buy the dip scheme! Edit: If you want a non-rigged (at least I think so...) market to trade, you will have to switch from US indices to individual stocks or if you want to trade breadth you will have to switch to European or Asian indices. The CAC40 and...
  11. L

    who sells those dime puts?

    The wearing of the helmet is risk free and so is the selling of the option (not the whole trade but the option trade is risk free).
  12. L

    who sells those dime puts?

    The addition of the call to the long trade reduces risk as well as does the addition of the put to the short one, so the option writing is "risk-free" in the sense that it is impossible to lose more money than you would under the previous condition (without the option).
  13. L

    who sells those dime puts?

    It's the same thing as being short a covered call where you are long the underlying.
  14. L

    Put - call ratio

    Two replies and both fail to mention that there is no statistical relevance to the open interest in a single instrument, especially when that single instrument is an index and you are looking to anticipate a market-wide move(it is more relevant for a single stock but still not really). If...
  15. L

    Will high gas prices force the Fed to stop or slow down money printing?

    Well it depends on your definition of "printing money". They aren't monetizing debt directly because they don't transact with the treasury directly, but they are definitely adding to the money supply. Of course they can also "unprint money" in the future, which is why the...
  16. L

    Charts for the Bull Case and the Bear case.

    From the Bloomberg article: "lower than any time since 1990" but they don't mention that US equities have been pretty much overvalued/in a bubble since 1990? pffff
  17. L

    This time it's different..

    Well I was wrong about being bearish in november and it was a reasonable long entry point because the market was still relatively bearish (late September was an excellent entry point in hindsight because the market was bearish while about to break out of a range on "fundamentals", that usually...
  18. L

    This time it's different..

    Yes Bone, I mostly agree. However this is not a terrific entry point for either long or short (for a long-term play) because there are many uncertainties around. I would not assume this trend is going to continue for a lot longer nor would I assume with certainty it is going to collapse.
  19. L

    SDR Currency: Is this the end game for the dollar?

    Well, the only thing that will allow the US to continue to run double deficit spending and consumption excess is its military might (i.e. going to war) if the US reserve currency status is abandoned, as the discrepancy in economic power is asynchronous to the discrepancy in economic relevance.
  20. L

    This time it's different..

    All right, you convinced me. I'm turned. I'M A BULL! EVERYBODY IS BUYING AGAIN SO I AM A BULL! YEAH! In the meantime, it is not as relevant to look at these kind of absolute numbers, but relative numbers. You need to look at flows to and from both long and short mutual funds and ETFs. I...
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