Global Macro Trading Journal

[Kassz007]

http://www.bloomberg.com/news/2011-...to-europe-banks-as-it-urges-more-capital.html

IMF: Europe Banks have $410B Credit Risk

"The European debt crisis has generated as much as 300 billion euros ($410 billion) in credit risk for European banks, the International Monetary Fund said, calling for capital injections to reassure investors and support lending. "

 

[ralph00]

BAC downgraded by Moody's. Buffett downgrading Buffett. Interesting in that the move has nothing to do with BofA's intrinsic credit quality, but is because Moody's believes the liklihood of gubmint support is lower.

Just bought a few SSO calls.

 

[Daal]

No cut on IOR, I don't know what Hatzius was drinking

 

[Butterball]

Low long-term yields equals booming economy according to the eggheads. When they push the 10y to 1% the economy will be firing on all cylinders, just like in Japan and Switzerland.

 

[ralph00]

That the DJIA isn't off 300 on this news shows how cheap the market is.

 

[Butterball]

AAPL seems to be the one dead-sure 'safe' bet to hide in. How many of the top 100 equity hedge funds have it among their top 3 positions?

It's hard for the market to fall apart when the momo stocks still do well.

 

[gmst]

Short term tactical trade call: Short Euro at 1.3670, Target: 1.3500/20 area. Stop: 1.3720/30 area. Duration: 1-2 days


Rational: Fed announcement to help short fundamental trade in Euro. Target decided by previous low

 

[ralph00]

I saw an interesting thought that the key announcement today was the decision to reinvest the proceeds of maturing MBS into more MBS, instead of Treasuries.

 

[ralph00]

http://twitter.com/#!/BergenCapital/status/116614405877276672

I agree with this. If things get bad in the markets, about the last thing that will happen on this planet is revaluation of the HKD. A devaluation of the yuan is more likely.

 

[jj90]

Quote from ralph00:

That the DJIA isn't off 300 on this news shows how cheap the market is.

Market closed

DJIA
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Change
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*cough ahem cough*