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  1. M

    I bought some VXX, volatility seemingly cheaper by the day..

    The historical losses of waiting for some "shoe to drop" are gigantic, unless your timing is absolutely spot on. If your timing is that good, why not short ES/SPY outright? You claimed the contango can't work against you bad enough, history shows otherwise. Good luck.
  2. M

    I bought some VXX, volatility seemingly cheaper by the day..

    Did you backtest it? The result may be surprising. Good luck. Attached: Front Month VIX Futures data, Format: OHLC, back-adjusted, weekly bars.
  3. M

    gdx is not keepin up

    I consider gold stocks a trade, not a long term investment. On that note, I'm long GDX for what seems like many moons from 48.40. Stop @ 42.95.
  4. M

    The Credit Crisis Financial Stocks Short Journal

    The so-called "exposure" largely stems from Gold share classes of Paulson's funds. This is a point the mainstream press completely misunderstands. Paulson could become super bearish on Gold tomorrow yet these share classes will continue to be denominated in Gold ounces until clients redeem them.
  5. M

    Europe's "prosperity" really a headfake?

    That's why one is better off comparing GDP in PPP (!) per capita. Hypothetical example: What benefit do you get from earning a disposable income of 150,000 CHF in Switzerland if that provides you a standard of living like 100,000 USD would in a median US city? The income in this example may be...
  6. M

    Europe's "prosperity" really a headfake?

    What does one unit of GDP per capita buy you (on a PPP basis) in the US and what does it buy one across Europe? http://mjperry.blogspot.com/2010/01/paul-krugman-extols-europes-economic.html 1. Portugal would rank #51 as a U.S. state, below Mississippi in per capita GDP. 2. Italy and...
  7. M

    Is China's economy headed for a crash?

    Obviously they are headed for a crash. But if that is in 2010 or 20xx is anyone's best guess. Chanos shorting China because "it is a bubble" sounds quite daring IMO.
  8. M

    Online Poker Study: The More Hands You Win, the More Money You Lose

    If your few winning hands are big enough, then yes, that's one way.
  9. M

    SocGen profit almost wiped out by $2 billion charge on subprime loans

    Are they sure it wasn't another rogue trader instead of bad loans :cool:
  10. M

    What does ALCOA have to do with Tech?

    a) You possibly waste your time trying to explain "why" certain stocks went down. b) If MU and JDSU are weak on unrelated earnings news, how bad will they do if the tech/semi sector gets downgraded outright or sector earnings reports come in weak?
  11. M

    Best ETF if you believe govt' yields must rise?

    Not sure how up to date this is, but it appears that's the only unleveraged one: http://www.bondetf.net/short-bond-etf.htm
  12. M

    germany and the EU

    * Greece: Feta cheese and Metaxa * Spain: Iberian ham and Sherry * Portugal: Piri-Piri and Madeira * Italy: Parmigiano Reggio and Grappa and finally: * Eastern Europe: Cheap prostitutes Plenty of incentives for Germans to keep the European dream alive :cool:
  13. M

    Best ETF if you believe govt' yields must rise?

    TBF for 1x short exposure. I'd avoid the leveraged "ultra" shorts. If you want leverage and can trade options in the account you plan to trade this, consider synthetic short positions on TLT.
  14. M

    Greek Bonds Fall as EU Says Budget Deficit Forecast Unreliable

    Greek government used the same accountant as Madoff? Say it ain't so!
  15. M

    100 Years of Consumer Spending

    Forbidden substances? :cool:
  16. M

    Little Iceland kicks UK in the face

    Your logic is baffling. The UK is bankrupt and Iceland has a future? It would be funny if it was sarcasm.
  17. M

    100 Years of Consumer Spending

    Makes one chuckle when people claim how "food was so much more affordable in the good old days".
  18. M

    Taxes: Can a Trader Relocate to tax-free locale?

    That's why for most people with half a brain (and some money) getting a US green card can become more of a liability than an opportunity. The long-term tax implications can be very costly. http://www.portfolio.com/news-markets/top-5/2008/07/08/US-Tax-Law-Hits-Foreign-Workers/
  19. M

    Why don't rich people manage their own money?

    Excellent post, drcha.
  20. M

    Still going up....

    Time to learn to trade with the trend instead of trying to trade against it?
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