Thank you! You've just said it perfectly!
RM's occasional market calls...
- Thread starter Rearden Metal
- Start date
Thank you! You've just said it perfectly!
And I had thought it was all the running around with Playboy bunnies that left a soft spot on you...
We had a few pet bunnies when I was a kid. One escaped from the cage and bred with a wild jackrabbit. Before we new it, dozens of these hybrid rabbits were all over the place, living under our barn, covering our lawn with excrement, and being a general nuisance. We had a few of these half-wild rabbits take the final plunge into our swimming pool, to be discovered the next morning under the thermal blanket.
My conclusion: The best rabbit is the one found on your plate at a French restaurant.
My conclusion: The best rabbit is the one found on your plate at a French restaurant.
Looks like your entire definition of the term 'swing basis' is entirely different from mine, with a price so far away! Anyways, no matter how hard I try, I'm not able to form a strong opinion either way on the Euro in <i>any</i> time-frame. Not now, anyways.
P.S.: Didn't know rabbit/hare hybrids were even possible. Guess it only makes sense...
I have absolutely NO idea if this played into Rearden's thinking, but the Dollar rallied today along with oil, silver, gold, ags, and a little upside in SPY and QQQQ. Huge rally in bonds too. And POMO on Monday.
Funny thing is, I remember a day just like this prior to the last violent correction in commodities...Not sure if any of it means anything, just some thoughts.
Also VIX was down some 10% today, but no real upside in stocks? I assume that had something to do with quadruple witching?
Rearden do you care to offer up any commentary on the lack of intra-day swings and this "quiet period" where stocks just kind of float up gently?
We haven't had a 100 Dow point intra-day swing in a long time. Nasdaq and S&P up everyday except 2 in December. And VIX hitting some pretty substantial lows. Kind of eerie if you ask me.
I don't know shit...but Rearden might have some general thoughts.
Funny thing is, I remember a day just like this prior to the last violent correction in commodities...Not sure if any of it means anything, just some thoughts.
Also VIX was down some 10% today, but no real upside in stocks? I assume that had something to do with quadruple witching?
Rearden do you care to offer up any commentary on the lack of intra-day swings and this "quiet period" where stocks just kind of float up gently?
We haven't had a 100 Dow point intra-day swing in a long time. Nasdaq and S&P up everyday except 2 in December. And VIX hitting some pretty substantial lows. Kind of eerie if you ask me.
I don't know shit...but Rearden might have some general thoughts.
Ray, we're going to rally slowly and peacefully with these boring low-range days for the rest of the year (except for a couple isolated higher-range days). Then very early in January everything will get all shaken up again (probably not too serious in the big picture though- but more volatility & fear than <i>this</i>).
Why do I think it'll go down that way? It just feels right. That's all- it feels right. I've been watching these market cycles for 15 years, and a slow grind up type of end-of-the-year rally is just the fairly 'obvious' answer to the question of what comes next.
Incidentally, the more and more cocky I start to sound relative to how I usually am, the less and less my predictions will be worth. The same rule applies when listening to <b>any</b> trader. Just a little reminder...
Why do I think it'll go down that way? It just feels right. That's all- it feels right. I've been watching these market cycles for 15 years, and a slow grind up type of end-of-the-year rally is just the fairly 'obvious' answer to the question of what comes next.
Incidentally, the more and more cocky I start to sound relative to how I usually am, the less and less my predictions will be worth. The same rule applies when listening to <b>any</b> trader. Just a little reminder...
RM, you are right. There should be a rally into year-end. But it's also a crowded trade - everyone else is long too. That's why I'd love to take the other side of your bet. But since it seems nobody else wants to sell anymore this year, I'll just have to wait.
As for rabbits.. they are excellent food.
As for rabbits.. they are excellent food.
Well, some of my most valued family members happen to be rabbits. Bunnies as pets are totally under-rated. They can be trained to use a litter box like cats, they never need to be walked, and they create zero noise pollution. I don't know why anyone would want to sit around watching TV <i>without</i> holding a bunny in the process.
Unlike dogs, when you give them attention they're cool with it... and when you leave them alone to hang with each other, they're cool with that too.
<img src=http://www.rabbitsanctuary.org/gallery/main.php?g2_view=core.DownloadItem&g2_itemId=1041&g2_serialNumber=1>
If you'd rather not keep a couple of these around, it would be your loss, I suppose.
But that's definitely enough about bunnies in this thread. Let's get back to sticking to the topic...
Unlike dogs, when you give them attention they're cool with it... and when you leave them alone to hang with each other, they're cool with that too.
<img src=http://www.rabbitsanctuary.org/gallery/main.php?g2_view=core.DownloadItem&g2_itemId=1041&g2_serialNumber=1>
If you'd rather not keep a couple of these around, it would be your loss, I suppose.
But that's definitely enough about bunnies in this thread. Let's get back to sticking to the topic...
So I had some general comments about a political issue that is important to Rearden. Mistakenly I posted those here, which did not go over with the mods. Lesson learned. Find those comments <a href="http://www.elitetrader.com/vb/showthread.php?s=&threadid=211644&perpage=6&pagenumber=12">here</a>.
Back to the trading stuff. Thanks for the input Rearden. I am positioned for the environment that you describe, just a little nervous. The bulls have had it really easy for awhile. On another note, I have a comment/question.
Given what the Fed is doing, and the interest rate environment that we have had for years now, combined with what appears to be a strengthening global economy, could we see some fireworks in the next few years?
Could there not be a giant wave of liquidity set to hit the global markets? Maybe the glory days will be reincarnated thanks to Bubble Ben?
Back to the trading stuff. Thanks for the input Rearden. I am positioned for the environment that you describe, just a little nervous. The bulls have had it really easy for awhile. On another note, I have a comment/question.
Given what the Fed is doing, and the interest rate environment that we have had for years now, combined with what appears to be a strengthening global economy, could we see some fireworks in the next few years?
Could there not be a giant wave of liquidity set to hit the global markets? Maybe the glory days will be reincarnated thanks to Bubble Ben?