Macro Man

1-c bottom up in short term
2-b
3-dont care
4-b ECB steps in
5-c wait til 2013
6-b/a love the names
7-a good for a week, sell fast
8-d

10-b Japan is the role model right now.

12-b
13-c look over your shoulder
14-a only if I were among them
15-a Hope I have this opportunity
16-c day dreaming...
17-b That is how they are going to interpret it.

19-d He could be closer than Hitler to the goal of uniting Europe/ruining Europe.
20-a time to short again

4; You putting a feeler out in regard "DOUBLE NO TOUCH" bond option.

......you know the rest.......

It's a shame there are few takers on such a hilarious post - a sign in itself that most have either already shut up shop or are too unsure of themselves to put there prognostications in writing for fear of being humiliated by a market itself that doesnt seem to know where it's going.
1) Spx is closed for trading while Santa makes his rounds. That way he can take his time on the milk and cookies and not worry about having to mind his e-trade account. Spx 1150, but marginally improved us data take us to the 200dma first.
2). Vintage eurobollocks. Next unconventional monetary policy will be the beard riding around in a sleigh dropping euros instead of his normal routine of dollars from helicopters.
3. Higher oil.
4. At 8% no higher.
20. Where did you get your rats from, I'm looking for a new market timing tool?

Agreed with Corey. It's quiet.

The funds who made money this year are not interested in risking it, and the people who are underperforming are eventually going to get their heads cut off again chasing rallies that are simply extended short squeezes.

Also agree that any slightly decent US jobs data will drive the market much higher than most shorts expect, at which point they will experience Cold Steel all the way to the 200 DMA. That would be a cue for bullish media noises, happy days are here again and John E Retail joining in, maybe even more attractive yields at the long end, at which point we will all sell and re-enter the fallout shelter until the European MAD nuclear exchange is complete. Rinse and repeat. Result - a range between 1075 and 1275.

Here is a post from Dean Baker that readers of MM will appreciate, since it says what we are all thinking. Certainly Polemic could have written this on one of his less sarcastic outings:

Dean Baker on ECB

We especially appreciated the understated elegance of this opening paragraph:

The European Central Bank (ECB) has been working hard to convince the world that it is not competent to act as central bank. One of the main responsibilities of a central bank is to act as the lender of last resort in a crisis. The ECB is insisting that it will not fill this role. It is arguing instead that it would sooner see the eurozone collapse than risk inflation exceeding its 2.0 percent target.

Concur,after the 9th the only HARDCORE traders around may be (Mrs Watanabe) found under some Bodhi tree in Osaka...fuckme, why did I say that for, I've gone all misty eyed, moveover...

Agree. markets like an old steering box. Loads of play and no feed back as to where they are going short term. Look at eurusd today 1.3300- 1.3450 range just on blx headline interpretations. So that's the sloppiness before you get to any real interests.
Got that old ignore good news feeling around at the mom .. US figs Great but not a peep on the chats. Didn't check ZH but did they manage to come up with a reason is as to why they were rubbish?
LB I read that piece on fed spraying Europe with dosh. Yes i would have liked to have written it but .. Oh too much to think about here .. maybe in a post

as for DNT's, unless you are the biggest boy in the school yard they normally do touch in my sad experience
Pol

and yes .. where has everyone gone?

Where has everyone gone?

a) still too hungover from black fri and cyber mon
b) too busy shorting jgbs to notice
c) over to the dark side
d) the blog that shall remain hedgeless

Ah Corey, the Church of Doom is packed is it? And minimal comments here? "Hmm ..Get out the no-commentometer, Bob, do you have a reading ? In the red on the no-commentometer? " Well that's interesting ..

Could have just been a rubbish post though..

Still here, just a bit lurgied.
And it hurts when I laugh too, but it was worth it ;)

Hmm. Lemme see, Pol....

1) Lack of comments at MM and declining VIX - Bullish.
2) Loads of blokes writing about shorting JGBs and other odd Widowmakers - Bullish.
3) Nobody talking about the week's most important stat (US jobs) - Bullish.
4) Nobody who is out fancying the market much - Bullish.
5) Room overhead to firm resistance in DAX at 6000 - Bullish.
6) Nobody positioned for a run to SPX 1250 Bullish. 7) Loads of managers holding dry powder for the traditional Santa Claus rally - Bullish.
8) Mainstream media awash with Euro breakup stories - Bullish.
9) General assumption that Euros are incapable of booting the can for say a 30 day period - Bullish.

Get rid of all of the above and I will be back in the tank sitting in my Bear suit. Claws and all. Kevlar'd some NZT last week so keeping a close eye on Antipodean FX for now.

Always lurking chaps, always lurking.

Actually, I think that coincident data is just about to turn south for the US (i.e. December, January, and February readings) and while we may certainly get a burst in Spoos towards year end, I think that LB is right about rinse and repeat.

As for general macro trends, the wall of money is coming in 2012.

Oh and the Aussie is toast, but that is old news for the gents here of course.

Claus

Doh! New blog post just as I finished my answers. Well, anyway:

1 a
2 b
3 December is too short to properly start the boiling and warlording; year-end will be same as now
4 a
5 a
6 a (go Sweden! We can put the plural in any dirty acronym you like!)
7 c
8 No clue, I'm an equity monkey
9 a
10 see 8
11 a
12 e
13 a
14 c
15 See 14
17 a
18 c
19 Christmas cards? Isn't there an app for that?
20 c