Global Macro Trading Journal

Martinghoul · Nov 21, 2011

Quote from ralph00:
You do realize you've completely lost it now.

No, I don't... Pls feel free to explain to me which part of what I said specifically suggests to you that I have lost it.

Debaser82 · Nov 21, 2011

Government negotiations have just collapsed over here.

Good news right... No capital gain taxes.

Seriously...What are they thinking.

ralph00 · Nov 21, 2011

Anybody see that move in the euro (completely ignored by every other risk assets)? Wow!

luisHK · Nov 21, 2011

Quote from ralph00:

Anybody see that move in the euro (completely ignored by every other risk assets)? Wow!

Noticed it, and didn't like it one bit - stocks and USD down at the same time, very ugly for my account.

m22au · Nov 21, 2011

Quote from ralph00:

Great post from Peter Brandt re: MF Global. Just another day in Geithner and Bernanke's America.

http://peterlbrandt.com/mf-global-p...-is-not-able-or-willing-to-protect-investors/

I would posit that the selloff in risk since Halloween is as much, if not more to do with MF than with Europe. If assets in segregated brokerage accounts can be stolen while under the eye of regulators (Gensler from CFTC and Corzine are old GS chums), nothing is safe.

It's noticeable that the $XBD index did worse in the first 3 weeks of November compared to KBE. Examples include not just JEF but also ETFC and MS.

m22au · Nov 21, 2011

Quote from Debaser82:

Government negotiations have just collapsed over here.

Good news right... No capital gain taxes.

Seriously...What are they thinking.

How is KBC going? Any coverage in local press?

gmst · Nov 21, 2011

Quote from luisHK:

Noticed it, and didn't like it one bit - stocks and USD down at the same time, very ugly for my account.

If you noticed carefully, Euro was very strong for last 3 days compared to other dollar pairs and ES, I was very uncomfortable trading Euro from the short side for last 3 days. Seems to me that we are going to 1.37 at a minimum or even 1.38, within next 2-4 days.

ralph00 · Nov 21, 2011

Yes, the action on Friday definitely raised my eyebrows. Fortunately, the AUD still acts like its supposed to act.

Debaser82 · Nov 21, 2011

Quote from m22au:

How is KBC going? Any coverage in local press?

It was down 10% today. Down 90% from the pre 08 peak.

It's all over the news ofcourse.

Don't know how this will end really.

Martinghoul · Nov 21, 2011

Quote from Debaser82:

Don't know how this will end really.

Tears...

What's the plan for the King? Will he be split in two, if you guys can't figure out a way to stay together? Sad joke, really, but there you have it...