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    Global Macro Trading Journal

    If oil goes up it's Bernanke's fault, if it goes down it's Bernanke's fault
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    Global Macro Trading Journal

    Shorted a bit more of EUR against CHF and JPY after Trichet comments
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    Global Macro Trading Journal

    Gross: Even if stock view is correct, you are still getting screwed http://www.pimco.com/EN/insights/pages/the-caine-mutiny-part-2.aspx
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    mark brown said he found the holy grail.

    He needs to define holy grail
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    "Earning the right to be aggressive" is BS, so is trading big on winning streaks

    The OP tatic can make sense(and have a better expectation on a relative basis) if the trader tends to be affected mentally by the equity curve and is doing discretionary trades. In that case changing size is similar to gamblers to tend to quite losing sessions or keep playing on winning sessions...
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    Global Macro Trading Journal

    I want to know if that dude had acted on the info and loaded up on ES futures would he be breaking any rules. I never hear much about insider trading in futures
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    Global Macro Trading Journal

    I'm trying to find more info on this but it appears that Obama received the news of the death of OBL at 7pm ET yesterday, some guy from the Bush adm defense department tweeted the info at 9:45pm ET(before the media) and the obama speech was a bit after that I like to know weird details like...
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    How many innocent victims would have been worth the death of Osama?

    Lets say bombing the compound would have been the only option in this case(Due some kind of anti aircraft weapon or something like that), how many innocent victims would have to be inside for you to say its not worth to bomb?Does it matter if they are children?
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    Global Macro Trading Journal

    Hilarious Buffett handling of Sokol at the meeting, the dude completely failed to explain how can he approve of his behavior one day and incinerate the man a few weeks later with the same information http://dealbook.nytimes.com/2011/04/30/sokols-response-buffetts-criticism-is-alarming/ But I...
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    Saddam's capture vs. OBL's death

    Those are 2 completely different events
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    Global Macro Trading Journal

    Maybe this isn't a huge deal. Bernanke says extended period means there would be a couple meetings before tightening. This adds up to 135 days(45x2 then the 45 days waiting for the meeting where they will hike). So that's 4.5 months not that far off the 6 months people consider that to mean, he...
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    Global Macro Trading Journal

    Its funny the Berkshire audit committee has all these complaints about Sokol yet Buffett signed on his statement saying he thought that was nothing illegal about the situation even after having the opportunity to get all kinds of information from him and knowing the SIZE and TIMING of the...
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    Global Macro Trading Journal

    Buffett turns his back on his long time buddy http://www.cnbc.com/id/42787053 Apparently he can't handle all the criticism. I read 'The Snowball' and it seems that Buffett can't support not be liked by people so he will probably cremate Sokol at the meeting. This is a good for me as I'm long...
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    Global Macro Trading Journal

    Well, FWIW my read on bernanke was he was not concerned about the current level of inflation expectations on the medium to long-term tips markets. I paid close attention to when he spoke about it and he didn't seem worried not even a bit. I was getting more and more concerned about that as...
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    Global Macro Trading Journal

    I actually I thought the biggest surprise of the day was uber hawkish. Bernanke says extended period means a couple meetings! I have never seen anything like that from anyone at the FOMC. Matter of fact Dudley said Asked what "extended period" means, Dudley said he did "an informal poll of...
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    Global Macro Trading Journal

    Fisher, Plosser and Kocherlakota don't dissent Hilarious, specially Kocherlakota, the guy just signed on extended period but somehow still sees 2 hikes this year
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    Global Macro Trading Journal

    Maybe having a poker background could help me today. We will see if I can read bernanke better than the avg mkt participant I do know there are some autism tests out there that can help quantify how well one's 'reading' ability is. I took a simple one and scored 26 out of 34...
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    Global Macro Trading Journal

    Have no idea if these numbers are reasonable but this is scary shit http://www.zerohedge.com/article/citi-expects-76-haircut-greek-debt-and-95-if-country-waits-4-years-debtgdp-ratio-back-down-6
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    On April 20, 2011 history was made on EliteTrader

    I remember that friday like it was yesterday. I kept thinking 'dude just short more and more, put a huge position in, you are right on this one' but I didn't pull the trigger. Still made quite a bit of money but I should have retired or something
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    On April 20, 2011 history was made on EliteTrader

    I believe a few ET's were long Bear Stern puts before the $2 buyout offer
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