Global Macro Trading Journal

Quote from Ghost of Cutten:

If you have a futures position, then what the market does it pretty darn important.
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While I thank you for the brevity of your post, you surely realize that this refers to the Husssman-like conversations on this thread about what "the market" is going to be doing over the next decade, and not the day-to-day wiggles.

Was it Julian Robertson who said "What do I buy, what do I sell, how do I win," after hearing some brilliant presentation about what "the market" was going to do?
 
This is an excellent thread. I am comfortable lurking....thank you.. but I do have a question and this thread seems appropriate to pose it:

http://ftalphaville.ft.com/blog/2010/07/16/288636/correlated-returns-high-yield-edition/

I am looking for a book or a source of information where the contents of
the above link ( the corellations of vix/ credit spread/default rate) for example would be pages 1 and 2 of say... 500.

Another example( maybe pages 3 and 4) would be historical correlations of
REITS/ commodities/ equities.

I am guessing it is not that easy to find this type of work "done" and laid out
in a $50 book.

Any suggestions ? TIA.
 
Quote from ralph00:

While I thank you for the brevity of your post, you surely realize that this refers to the Husssman-like conversations on this thread about what "the market" is going to be doing over the next decade, and not the day-to-day wiggles.

Was it Julian Robertson who said "What do I buy, what do I sell, how do I win," after hearing some brilliant presentation about what "the market" was going to do?
More...

Hmm it wasn't clear, because there've been conversations here knocking market calls (I mean actionable calls on trading timeframe, not vague 10 year 'views') over individual stock picking. But yes I agree that vague discussions about what the CAGR of the S&P will be over the next decade are basically pointless. If you don't believe in active management then you will just index and have a stock allocation no matter what your view. If you are an active trader/investor then you will pick the 'best' assets and stocks, not just blindly index the 'market'.
 
Quote from Daal:

http://s.wsj.net/public/resources/images/OB-TF884_5y5yfw_K_20120605125515.jpg

This along with a decline in stock prices has been a good predictor of Fed action. At this point I just don't think its bad enough. Econ data has been weak but its not that weak, certainly not weak enough to make it a nobrainer for both Bernanke and Dudley according to their recent statements. We will see what Bernanke says tomorrow
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Nice chart. Makes me think we don't get QE3 on 6/20/12, but it will be "on the table," as they always say.
 
Hilsenrath piece was hilarious. He spent half of the article throwing arguments on why QE3 is not likely anytime soon and yet the takeway from most people is that QE3 is coming in a emergency meeting within 24 hours
 
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