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I think I might have to do that. Especially if we can get Pabst to come out. I might have to invite my AI partners down as well.

Looking good Dave! You have to hook up with Pabst in Ft.Lauderdale. He has a pair of pink pants as well. You two would light the town pink together!

Interactive Brokers.

Since nobody is giving you props on this call, I will. Market has been ripping higher and this stock has drifted lower. I think tax reform is what is really going to do this stock in. Whether or not it happens this year doesn't matter. It's getting discounted from the future cash flows...

Ask Putin. :) Seriously...IB?

Yearly A up in SPX is 2362. I don't see anything stopping us from getting there.

I actually stopped tracking Coco but I'm sure it's deeply negative. Looks like a pretty smooth short. :)

So here is what is happening in my opinion. The market is starting to push the rate hikes further out which is causing the dollar to sell off. I think the FED is starting to believe the fiscal stimulus and the tax cuts are going to take longer then expected and therefore they might be compelled...

Remember TLT pays a 2.56% annual dividend. That comes out monthly I believe. The futures price the coupons into the forward. Yes, they will generally move in the same direction.

Interesting observation....the dollar is starting to breakdown against the Aussie, Cable, Canadian Dollar in addition to the previous breakdowns against the Yen and Peso. THAT is something no one is talking about. Except here of course. :)

UB and TLT are not duration neutral. You have to match the durations. If they are not weighted properly then they will not respond the same to a given move in interest rates.

Doesn't that defeat the whole purpose of trading? The idea is not to get killed and eventually eeke out a profit. By that definition why not just get long. Even if we crash, eventually you'll "do okay if you hold for awhile".

Trade the market you have not the market you want. If that doesn't sit well with you. Start trading grains.

The deliverable bonds (CTD) for UB have longer duration then the deliverables for ZB.

We are up against the monthly and Qtrly A up at 2310.

UB http://www.cmegroup.com/trading/interest-rates/us-treasury/ultra-t-bond_contract_specifications.html

Don't trade it.

Gold about to confirm for the first time in 7 months. Silver has already been confirmed for a week.

Hey Sig, it's a public forum and he has 1st amendment rights. I do believe this should be in P&R and not in the trading section so people don't get bent out of shape. You are arguing with an anonymous alias on a message board. It's what people do here. But people say a lot of crazy shit...

The owner of this site lives in Orlando. :)