Is my career over?

Quote from TruthSeeker247:

up $31.25 on 93 contracts. Whew what a day. Tried trading the Five year for the first time today. Got slaughtered in the morning on the Weaker (than last month's) Consumer Confidence number.

Maybe someone can help me understand something here. The number came out at 103.2....everyone was expecting 101.0.

Therefore, the number came out better than expected which should have sent the bonds down (theoretically). Why did treasury debt rise on that number?

I'm thinking that treasury debt probably rose because though higher than expected, confidence was still lower than last month's number of 109.6.

So is the moral of this story: focus on numbers relative to previous numbers more than you focus on numbers relative to what is expected? Sounds confusing but I'm sure somebody out there understands what I'm talking about.

If someone could help me understand what happened in the bond market today, I'd really appreciate it. Thanks
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And no one wants to comment......poor poor me.... :(
 
I'll make a recommendation for a book if your into it ..... really lays out every Economic Number well and gives you a breakdown of how each instrument will react given where the number comes in (above expectation or below) Amazon has it for $12 new or $2 used or more-then-likely free at your public library.

The Atlas of Economic Indicators: A Visual Guide to Market Forces, and the Federal Reserve (Paperback)
by W. Stansbury Carnes, Stephen D. Slifer

Met Stan Carnes a few years back .... sharp guy .....Enjoy
 
Quote from AC3:

I'll make a recommendation for a book if your into it ..... really lays out every Economic Number well and gives you a breakdown of how each instrument will react given where the number comes in (above expectation or below) Amazon has it for $12 new or $2 used or more-then-likely free at your public library.

The Atlas of Economic Indicators: A Visual Guide to Market Forces, and the Federal Reserve (Paperback)
by W. Stansbury Carnes, Stephen D. Slifer

Met Stan Carnes a few years back .... sharp guy .....Enjoy
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That's wonderful. I am going to buy that book today. Thanks a lot for that.
 
Quote from AC3:

I'll make a recommendation for a book if your into it ..... really lays out every Economic Number well and gives you a breakdown of how each instrument will react given where the number comes in (above expectation or below) Amazon has it for $12 new or $2 used or more-then-likely free at your public library.

The Atlas of Economic Indicators: A Visual Guide to Market Forces, and the Federal Reserve (Paperback)
by W. Stansbury Carnes, Stephen D. Slifer

Met Stan Carnes a few years back .... sharp guy .....Enjoy
More...

I've read some of the reviews. It seems that many people think this book is outdated. Do you use the book? Does it still apply to today's markets? Thank you
 
Ive had the book since 92" so I may be recalling its usefulness from a few years back ....having said that it lays it down as to what the affect will be when a number comes in one way or the other in about 2 pages .... great when its 8:28 am and you dont know what the hell is going to happen if a number comes in all f'ed up and you have a position ...... arrows on the pages point one way or the other for bonds FX and Indexes .......hey if your in a pinch its a hit.
 
Quote from AC3:

Ive had the book since 92" so I may be recalling its usefulness from a few years back ....having said that it lays it down as to what the affect will be when a number comes in one way or the other in about 2 pages .... great when its 8:28 am and you dont know what the hell is going to happen if a number comes in all f'ed up and you have a position ...... arrows on the pages point one way or the other for bonds FX and Indexes .......hey if your in a pinch its a hit.
More...

Thank you very much for the recommendation. Do you know of any books that would teach me the ins and outs of what goes on each day in the treasury market? I'd love to understand who the players are and why the treasury market behaves as it does. Thanks
 
I was hoping to learn something from TS mistake.

I read every post till page 26, then skipped every 8 or 9 pages; it's just too painful.

TS, are you size are you on now?
 
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