Search results

That took about 4 months longer than I imagined it would. I guess it's true that (many) tops are a process and bottoms are an event. The all-too-recent/common parabolic blowoff tops of 2008 (most ags, bonds, etc.) gave me a slight recency-bias in regards to the SB terminal crack-rush. There...

So true, and the only thing that stopped them was margin requirement changes for the metals contracts and the Fed. The Hunt's were made an example of by the regulators. It can be done.

1) Really? There's nothing ignorant about not clinging to an outdated and disfunctional conceptual-framework. 2) Hurst Exponent (KAOS on Bloomberg) EMH, if it were real, would show it flatlining, more or less 3) Corner the market? Well, the only thing stopping me is the fact that I'm...

Random markets are a myth. EMH is a myth, and I'm glad it's still taught to finance students, as they'll eventually prove to be cannon fodder for those who know better. Malkiel pulled an Al Gore, and cashed in on bullshit idea that has been horrendously disproven. SPY Equity KAOS Go : An...

I hope your FXCM micro account blows the fuck up. Honestly. I've never wished that upon anyone before, but I just did. Way to "beat the man", bro, homey, cool guy, etc. Your parents must be so proud of you. I bet you tell everyone how great of a trader you are, how it "pays my bills" etc...

WWIN

A little bit. Protein shortage is starting to hit the tape now and each incremental increase in jobs we get should bode well for retail beef sales. Looks like the last commodity to rally, after the 2008 wreck, has got some legs. Those late May '09 highs are firmly in the sights of the...

I love West Texans. Good to see you're still knee-capping people, TX.

Elitetrader needs more of this stuff. Thank you for sharing.

nice little breakdown going on here. $27 level should be interesting. "Tell Merrill to swing away."

Pepsi's buying the sugar. No seriously, Pepsi is buying the stuff for the launch of the "throwback" Pepsi and Mountain Dew. If the results are good in the US, there could be a tectonic shift in the syrup production that forgoes corn for sugar. That could be some time off though. Also, the...

Confirmed late last year by Sheila Baird herself, talking about the dangers of the (current) US bank carry trade that involved excessive equity speculation by bailed-out institutions. After the crash, and once the bailout was implemented...banks tried to get out from under the...

Well put. 2009...a year with net mutual fund outflows and a lack of retail participation, but a large rally in a historical context. Alot of cash is still parked in bonds/MM funds. The rally was mainly a product of the bank holding co. carry trade that sought to get out from under bailout $$...

Bingo.

Mr. Frosty busting out the P2C parity...very nice. CH0-WH0 looks like an interesting trade after the first of the year.

It's just a rush to get away from the pay Czar. Honestly, it's a bit premature for some of these banks to be giving back that massive cushion of liquidity. Dilute, dilute, dilute!!! Another classic case of retail investors getting shafted. You know Citi waited until after the Arabs pulled...

It could only be one thing....Murrey Maths. :p

Holding a long-term short position on the USD should work well over the next decade, that is, while we try to work off our massive deficit. Dollar rallies will occur due to oversold conditions and intermittent crises, but the buck will continue to be debased for the long term. This, of course...

A literal sugar explosion. I got stopped out with a modest gain from an early december short position. I guess Chuck Norris went on a sweets binge on Thursday & Friday. SB=good times.

Yeah, the problem is you've got to do it synthetically...as of January 1, 2008 (a while back, I know), the conversion factor was: 1 synthetic share of the Fed = [(-5,000 /DX)+(-5,000 /ZT)+(-1,000,000 LEH)+(-1,000,000 BSC)+(-500,000 VIX ATM Calls)+(/GE-/ZQ)]+[(20,000,000 JPM)+(100,000,000...