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Thanks. Much appreciated. I have an IB account but I don't think they offer options on JGBs. I'll check out Phillip Securities.

Thanks very much!

I want to buy options on long-dated Japanese interest rates or bonds. I am a retail client. Does anyone know how?

The price ratio between gold and silver is currently 80:1, near the highest level in 15 years. It has averaged 60:1 during that time, falling to as low as 40:1. It was 55:1 in August. Would going long silver and shorting gold be a good pairs trade right now? Why or why not? Also, the...

I own sugar futures, the SBN9.

Sold a bit of my HXDs this morning.

You may be right. At some point, you will be. However, with the elimination of the short-tick rule, all these ETFs, and thousands of hedge funds that can't bear to be underwater, I think such rules are less relevant than in the past.

Cramer was lamenting that the Fed governors aren't democratically elected. What is this, Argentina?

lol

Citi will be a teenager. Then its a buy.

If you write down every single dollar of subprime exposure on the BS to zero - a ridiculous proposition - the book value of Citi is $15 per share. The market is giving you a once in a generation opportunity to buy banks, retailers and homebuilders. We aren't there yet, but its coming...

Damn French! Screwed us again [/sarcasm]

What I found most amusing about this article was that it laid bare all the gushing praise about Goldman after they reported such good earnings while all the other brokers were taking huge charges. PM after PM who owned or admired Goldman fawned all over about the quality and how they were...

No kidding. Decoupling is a myth.

As a non-Noob, IMHO we are in a bear market, but a very tradeable bounce is coming. I'd avoid trying to pick a bottom, but it will be evident when it arrives.

I wouldn't be surprised if the government acted today.

You want the futures to collapse down in the morning. That will wash out the sellers and indicate the bottom is in. By keeping the futures afloat, it provides opportunities for shorts to shoot against the market.

Good for you. There will be something like 25,000 new condos built in Miami over the past five and next five, and maybe 5,000 buyers, so you have your pick. Nice home though.

Its too early. 25,000 condos will have been built over the past five and next five years, as many as had been built over the entire 1980s and 1990s.

Its going higher. Not before going lower again though, because I re-established a partial position this week, which is a great contrary indicator.