Global Macro Trading Journal

Devastating news to the servicers, JPMorgan bought Met's $70B portfolio on Friday. Just maybe the banks aren't getting out of the business. I've got my chance to buy OCN or NSM or WAC, but the game may have changed. All are down double-digit percentages today.

NCT doing fine, as servicing not the main part of its business.
 
Zillow going whoosh. Best buy/sell combination I ever made. Period.

If I was truly a great trader, I would have rushed to short all I could when I saw that pop-up ad on Tuesday night. Kiss of death.
 
Shorting aussie dollars right here. $1.0452.

I'm not saying I know the direction of AUD going forward, but who the hell is selling dollars just because BO won? What? Did they expect Romney to win and the Fed Funds rate to magically go up on Jan 21?

The Fed runs the Oval Office, not the other way around.
 
Quote from ralph00:

Shorting aussie dollars right here. $1.0452.

I'm not saying I know the direction of AUD going forward, but who the hell is selling dollars just because BO won? What? Did they expect Romney to win and the Fed Funds rate to magically go up on Jan 21?

The Fed runs the Oval Office, not the other way around.
More...

thanks for contribution.
 
Covered $1.0426.

Profitable, but if the aussie couldn't go down 100 pips today, it might never go down.

Made my point at least. Anybody buying aussies because of the election was a full-blown idiot.
 
You must log in or register to reply here.
Back
Top