Time to "hang" up the tactical bull suit? Macro Man Thursday, January 31, 2008 12 Comments Macro Man Well, that was fun. ADP strong = the world is good. US GDP weak = maybe not. Fed cuts rates by 50 bps = happy days are here again. Fitc... Read More
Let's get ready to rumble! Macro Man Wednesday, January 30, 2008 15 Comments Macro Man Fresh off the successful passage of his Life in the UK exam, Macro Man is now ready to get stuck into the rest of the week. He suspects he... Read More
Life in the UK Macro Man Tuesday, January 29, 2008 15 Comments Macro Man Yawn. Another 1.75% day in the S&P 500, this time to the topside. It's all getting to be old hat, really. Those days when people... Read More
Was that it? Macro Man Monday, January 28, 2008 12 Comments Macro Man After the rallies on Wednesday and Thursday, along with the revelation that the earlier meltdown was rogue trader-related, markets were perh... Read More
If SocGen on ly found out about their trading loss over the weekend.... Macro Man Friday, January 25, 2008 18 Comments Macro Man ...why were they looking for a Delta one trader (Monsieur Kerviel's role) last week? Perhaps the conspiracy theorists are onto something... Read More
What now? Macro Man Friday, January 25, 2008 16 Comments Macro Man If you ever needed a reminder that most short term price action is noise, rather than signal, this week has provided a timely reminder. Take... Read More
For everything else.... Macro Man Thursday, January 24, 2008 22 Comments Macro Man A BUGATTI VEYRON: £899,995 BUYING AMBAC AND MBIA AT CURRENT MARKET PRICES: $3 BILLION CREATING A GOVERNMENT ENTITY TO BUY UP DODGY MORTGAGE ... Read More
Stopped out before entry? Macro Man Wednesday, January 23, 2008 5 Comments Macro Man The cheeky SPX option purchase that Macro Man wrote about this morning has not had time to get executed yet, and it's already threaten... Read More
What next? Macro Man Wednesday, January 23, 2008 24 Comments Macro Man What a difference a day makes. Yesterday, it seemed like markets were in free fall, volumes were exceedingly heavy, and (eventually substant... Read More
Ben Bernanke hits the panic button Macro Man Tuesday, January 22, 2008 15 Comments Macro Man In fairness, the prospect of a "Great crash of 2008" isn't a particularly appealing prospect. But assuming the Fed cuts anoth... Read More
Black Tuesday? Macro Man Tuesday, January 22, 2008 7 Comments Macro Man S&P futures are limit down in overnight trade (-70 points), the SENSEX has been beaten senseless, and the IBOV (Bovespa) is definitely b... Read More
Stress Testing Macro Man Monday, January 21, 2008 16 Comments Macro Man This is the way the world ends This is the way the world ends This is the way the world ends Not with a bang but a whimper. T.S. Eliot, The ... Read More
Weekend Special: Financial Poetry by Popular Demand Macro Man Saturday, January 19, 2008 10 Comments Macro Man Friend-of-the-blog Cassandra has been waxing lyrical on the subject of leverage recently, perhaps because of first-hand observation of what... Read More
Panic! Macro Man Friday, January 18, 2008 8 Comments Macro Man Panic on the streets of London Panic on the streets of Birmingham I wonder to myself Could life ever be sane again? - The Smiths , Panic Whi... Read More
20 Questions Macro Man Thursday, January 17, 2008 10 Comments Macro Man Yes, boys and girls, after a wild two weeks it's time for another round of Macro Man's favourite game. And so without further ado...... Read More
Time to share the pain? Macro Man Wednesday, January 16, 2008 4 Comments Macro Man The year is barely two weeks old, but there have really been some extraordinary developments in financial markets already. The abject per... Read More