The Chinese + Arab Trillion Dollar Hedge Fund

PatrickBateman · May 21, 2007

Quote from Mvic:

No not different at all, same old stuff. The Japanese started buying abroad because there was nothing of value left in Japa at the end of that country's boom. The same thing is goingh in now, very little value in EM so they are buying US and European assets. It is a signal that the end of the cycle if near. The weak $ is killing the EMs and eventually along with the private equity mania will cause a liquidity crunch. When that will happen is anyone's guess but I am guessing fairly soon probably this year though I think there will be some sharp upside before then, any day now it looks like. I am out all my EEM puts at a substantial loss and out all my Yen future calls also at a loss and heavily long NQ and EEM calls. Probably a revenge trade at this point but hopefully on the right side of this monster.

I was joking that it is different this time LOL!! Same old story IMO !

Mvic · May 21, 2007

Quote from PatrickBateman:

I was joking that it is different this time LOL!! Same old story IMO !

Sorry, yes I got that just not in a light mood today as I closed out trades where I realized $170K in losses. Only money though, could be a lot worse.

SiSePuede! · May 22, 2007

Quote from Mvic:

Sorry, yes I got that just not in a light mood today as I closed out trades where I realized $170K in losses. Only money though, could be a lot worse.

Bro, mind if I ask what trades?

Sorry for the losses, I hate taking it on the ass or the head like that, have done it a few times but I'm still far ahead of the game.

indahook · May 22, 2007

I remember what happened the last few times everybody thought the USA was gonna be fully owned by foreigners.

EqtTrdr · May 22, 2007

http://jessel.100megsfree3.com/shanghaibubble.png

SiSePuede! · May 22, 2007

Quote from EqtTrdr:

http://jessel.100megsfree3.com/shanghaibubble.png

They're totally different due to governments, companies themselves, economics, etc. Government is the main body that won't want to see the markets fall at all...cool to look at though.

TorontoTrader2 · May 22, 2007

Quote from aeliodon:

I actually remember reading a conspiracy theory that went a little like this:

The money elites in the US have been diversifying their USD holdings into Euro and hard assets (Oil). Their whole plan is to have the USD destroyed by debt (war + tax cuts + printing USD ceaselessly). Then the USD crashes - which allows them to then use their Oil/Euros to buy everything on the cheap.

And this differs from the current reality how?

Keep waving those flags...bask in the "glory and liberty"

Mvic · May 22, 2007

Quote from SiSePuede!:

Bro, mind if I ask what trades?

Sorry for the losses, I hate taking it on the ass or the head like that, have done it a few times but I'm still far ahead of the game.

EEM Puts and Yen Fut Calls, both losers. Would have been about $200K worse if not for my YM and NQ hedges over the last month. Now trying it the other way. Long the EEM and QQQQ calls and shorting the YM as a hedge on a day trading basis, worked today.

SiSePuede! · May 22, 2007

Quote from Mvic:

EEM Puts and Yen Fut Calls, both losers. Would have been about $200K worse if not for my YM and NQ hedges over the last month. Now trying it the other way. Long the EEM and QQQQ calls and shorting the YM as a hedge on a day trading basis, worked today.

It looks like the Yen won't be getting any stronger until at least later this year. Sorry to hear about such big losses, I've done it too...good luck and thanks for sharing. Cheers.

makloda · May 22, 2007

Quote from aeliodon:
This seems good news for the market, more buying demand.

I agree. More money flowing into the market, extremely bullish on all levels! More $$$ for everyone.