Search results

Long Zillow is better.:cool: UUP -1.65% YTD. Still 8 months to become trade of the year though.:)

It's actually worse than that. This line was in response to a question about David Einhorn. Having played a lot of competitive golf, I've spent a lot of time in the grill rooms and card rooms of the types of country clubs Munger's a member at (LACC, for one, I believe). These places don't...

Athens is the word - the people rising up against their Brussels-installed government. The neo-Nazis are going to have like 5-10% of the seats in parliament. Well done EU.

A bit misleading. CDS positions were larger by several multiples, but had been wound down over the 2 year song and dance leading up to the PSI.

Yep, the Nazis may take 5-10% of the vote (last election was something like 0.25%). "Two very mean-looking but polite boys came with me at the ATM to pick up my pension and then they brought me back home carrying the groceries to my apartment," said 72-year-old Anastasia Petikari, a retired...

Anybody playing the elections in Europe this weekend. I think Sarkozy is finished in France, but Greek could hold a surprise. Everyone reads and hears the horrid economic numbers out of Greece, but may not realize how bad things really are on the ground there. The reports I'm reading from...

Eh, don't need the aggravation. Covered the euros at the price I sold them at.:)

Sorry Marty, just sold a few euros on the ramp up during the ECB press conference. Those guys are delusional.:p

Einohrn at Grant's a couple of weeks back. I've been waiting for some of the conference talks to start making their way into the media. They were all fantastic, especially Druckenmiller. http://www.huffingtonpost.com/david-einhorn/fed-interest-rates_b_1472509.html The Fed "put" isn't under...

Hendry at Milken Institute. He comes in around 12 min. and then at other times. http://www.milkeninstitute.org/events/gcprogram.taf?function=detail&eventid=gc12&EvID=3566 Fun stuff. France to nationalize banking system within a year (news to me, isn't their banking system de facto...

Out of HLF at $59 in the premarket. Woot! Thanks David Einhorn! :D :cool:

I think it's vitally important to see the other side of the trade. He's not saying the floor will give way, but that talk of raising it is just talk. In the meantime, the SNB doesn't have to load up its balance sheet with more euros. I've found Krasting to be insightful (and leading to...

Bruce Krasting picks up on the shrinkage in the SNB's Fx holdings. He believes the bank is talking a tough line and encourages speculation the floor may be raised while it uses any move higher in the euro to unload more of them. He thinks EURCHF peg should be more like 1.00. In the meantime...

Bernanke is up (and I suspect out no matter who is President) in 2014. You already see individual FOMC members lining up against him.

Bored. Just bought a nice chunk of HLF at $55, off 22% on this Einhorn stuff.

Bigger than expected 25 bps. RBA sees trouble. I should have said not passing through on a relative basis. Loan rates are falling less than RBA rate cuts. The aussie dove 100 pips on the news, now coming back as risk markets are green. Just saw this piece from my boys the Bond Vigilantes...

Nobody mentioning the big rate cut in Oz. The economy is getting ugly down under and banks can't pass on rate cuts because their funding costs are rising. More RBA cuts are coming.

Wow. RWE divvie just hit my account. I forgot they pay the dividend just once a year. Gotta love the German utilities! I would advise all currently pumping out pixels on earning a couple of basis points of positive expectation here or there to take advantage of the recent pullback and buy lots.

EURCHF floor is over, it's now a peg ... http://georgedorgan.livejournal.com/4447.html Bank actually sold euros in Q1. Unless Switzerland falls into a depression, floor isn't getting raised. The only good thing is the EURCHF longs from 1,2090, 1.2070, 1.2050, 1,2030 have all gotten...

I know Merrill Lynch made a market in this stuff a few years back for even smallish BDSs such as myself. I nearly pulled the trigger on a 5 or 10 year put swaption on the 10-year yield in winter 2008 when it briefly yielded below 2% (stupid, the damn thing doubled within months). Vols were so...