Global Macro Trading Journal

Quote from ralph00:

Sounds like a snoozer. Cliff notes please.
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Find some free time to watch. Mr Rogoff has already made me quite a bit of money with his aftermath of crises research. He might do it again with his EUR stance. I'm always willing to listen what he has to say
 
Well I appreciate his help with the eurodollar calls (did he have anything to do with that), but if he's sharing a stage with Krugman, and I've got to watch THAT, I'm going to need another guaranteed 5 bagger like MTG.:) :p :cool:
 
He helped me be in the 'Fed on hold' trade because I never bought into the V shaped recovery nonsense as a result of his data. Hatzius did his 180 and went bullish last year and now he is sorry for it

He is calling for the EUR to collapse, I'm trying to find the relevant data from his book on this but have been unable. He doesn't reply to emails much so I asked Carmen, we will see if she replies, her husband usually responded when I asked something
 
Thinking of covering my fcx puts today. This little fucker has more lives than a cat - just massive support every time it gets into the mid-high 40s. I'm astounded by the number of believers in this stock, which is little more than a poster boy for the QEII "risk on" trade. Still a double on the puts, but I was hoping for a really serious score. Can't wait much longer as the puts expire in August and time decay is becoming an issue.

I'll decide by the end of the day.
 
Quote from Daal:

He helped me be in the 'Fed on hold' trade because I never bought into the V shaped recovery nonsense as a result of his data. Hatzius did his 180 and went bullish last year and now he is sorry for it

He is calling for the EUR to collapse, I'm trying to find the relevant data from his book on this but have been unable. He doesn't reply to emails much so I asked Carmen, we will see if she replies, her husband usually responded when I asked something
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I salute and thank the duo for that one. Certainly made my 2010.:cool:
 
Quote from ralph00:

I salute and thank the due for that one. Certainly made my 2010.:cool:
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Yw, if you had followed the fed futures trade you would have made even more :D
 
Well it all depends on position size. That option trade allowed me to take a big stake, know my downside, and (mostly) hold on through some turbulent crap. It also opened my eyes to options trades which I had largely ignored throughout my career. I'm certain I wouldn't have had multiple successes shorting fcx like I have had buying puts,

I'd love to buy puts on the aussie, which reminds of the GBP in late 07 at $2.10. There is a lot of air underneath. Options market for the AUD sucks though. I have a small short in AUD, but not enough size to be of note.
 
Zulauf and Faber interesting as always. Mac and Schaefer are great because they're supreme stockpickers - sometimes we can get caught up too much in this macro stuff.

Gross is more overplayed than Freebird, but I found his pick of NLY interesting. A 20% Y/Y ATM until the yield curve flattens.

Hickey seems like a clown. Witmer seems there because they needed another token female.

Cohen is a tool, parroting a rotating list of horrid big cap pumps that GS gives out to their lowest level clients.

Gabelli is an advertisement - a marketing genius, but having zero market wisdom to supply
 
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