tag:blogger.com,1999:blog-34323687.post1830152876225046892..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: The Joys Of SpringMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-34323687.post-71924603430841728352009-04-08T00:21:00.000+01:002009-04-08T00:21:00.000+01:00thanks for the link macrothanks for the link macroryhttps://www.blogger.com/profile/09731742244648855566noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45828184321793613712009-04-07T17:12:00.000+01:002009-04-07T17:12:00.000+01:00USD/JPY just did a bounce of 100... flamingo may b...USD/JPY just did a bounce of 100... flamingo may be over pretty soon for that trade, especially if the limit buys kick it in with force.Corneliushttps://www.blogger.com/profile/05396035519145306065noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61039757695750457062009-04-07T16:29:00.000+01:002009-04-07T16:29:00.000+01:00Anyone care to suggest a couple of ideas they like...Anyone care to suggest a couple of ideas they like that aren't single stock/ripe for being flamingoed - have to admit am struggling for inspiration so looking to engage in intellectual theft.<BR/><BR/>Have same concerns on UK curve mentioned by MM and Dimitry but think that June/June @ 95 is decent risk reward.<BR/><BR/>DCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-13903721245493702142009-04-07T16:05:00.000+01:002009-04-07T16:05:00.000+01:00Try thisTry <A HREF="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPaQ1qmwpYmw" REL="nofollow">this</A>Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-83694036737143997242009-04-07T16:02:00.000+01:002009-04-07T16:02:00.000+01:00can someone point me to the HF article on bloomber...can someone point me to the HF article on bloomberg.com?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-71770918660355000102009-04-07T16:00:00.000+01:002009-04-07T16:00:00.000+01:00Yep, short sterling greens, 2y 2y fwd GBP or 2s5s1...Yep, short sterling greens, 2y 2y fwd GBP or 2s5s10s GBP, choose your poison, it's all the same trade that looks really good. Like MM, I would be cautious, though.Martin Ghoulhttps://www.blogger.com/profile/18044285425430522729noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-27376474289548484232009-04-07T15:15:00.000+01:002009-04-07T15:15:00.000+01:00Gotcha... Did read that article, recommend it too....Gotcha... <BR/>Did read that article, recommend it too. Thanks MM!SDhttps://www.blogger.com/profile/02004788658738987967noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8870040321875262742009-04-07T14:05:00.000+01:002009-04-07T14:05:00.000+01:00SD, rm = real moneyAs to the big HF, check out t n...SD, rm = real money<BR/><BR/>As to the big HF, check out t next month's Bloomberg magazineMacro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-34756372229563464322009-04-07T14:01:00.000+01:002009-04-07T14:01:00.000+01:00DC @ 11:48, who's rm? Apparently, I'm the only one...DC @ 11:48, who's rm? <BR/>Apparently, I'm the only one out of the loop on "that big HF" that moves the short end of the EUR curve... anyone want to spill the beans?<BR/><BR/>Treasury curve steepeners anyone?<BR/>Long EEM short Spoos/Europe?SDhttps://www.blogger.com/profile/02004788658738987967noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7886997656431728412009-04-07T13:21:00.000+01:002009-04-07T13:21:00.000+01:00I would concur that that long the reds is probably...I would concur that that long the reds is probably quite consensus. I have actually got a small steepener on in one of the big markets; funny enough, it's one of the few things that have worked for me over the past week or so.<BR/><BR/>So re: the sterling strip, I would think that while a flattener might eventually make sense, risk is that the strip sttepens first, both on positioning and the tail risk that Merv swerves.<BR/><BR/>SFOT: Out of futures, but have a derisory position in slightly-in-the-money midcurve calls that are nestled safely in the bottom of my pedestal drawer.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-62191695479834946712009-04-07T12:51:00.000+01:002009-04-07T12:51:00.000+01:00Citi pref arb and long copper don't strike me as p...Citi pref arb and long copper don't strike me as particularly "pink flamingo" (we've actually specifically covered both topics). <BR/><BR/>Pink flamingo: I've actually been surprised at the recent upsurge in real estate (disclosure: long SRS). Seems a little early, especially with the many predictions of the collapse of commercial real estate.Corneliushttps://www.blogger.com/profile/05396035519145306065noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-24513073693380065762009-04-07T12:48:00.000+01:002009-04-07T12:48:00.000+01:00Long NOKLong USD/Asia (not what you want to hear?!...Long NOK<BR/>Long USD/Asia (not what you want to hear?!)MWnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-77873064156864043682009-04-07T12:45:00.000+01:002009-04-07T12:45:00.000+01:00Sorry hopefully anon, was talking about the short ...Sorry hopefully anon, was talking about the short sterling strip...interest rate futures, not ccy. on fx though i don't see GBP being such an obvious whipping boy anymore, least of all vs the dollar.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-30094629075591658762009-04-07T12:39:00.000+01:002009-04-07T12:39:00.000+01:00For the making of a New World: Clear all securitie...For the making of a New World: Clear all securities and derivatives in one single place. Ctrl bks could buy Eurex as it could do the trick already. Savings for better collateral management would be huge, not to mention the increased awareness of risk concentrations. Would Woldemort and Nikita allow this agency to see all deals their citizens and institutions are doing and all their positions ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-20638147976691518502009-04-07T12:36:00.001+01:002009-04-07T12:36:00.001+01:00short sterling anywhere above 1.4 is good for 1000...short sterling anywhere above 1.4 is good for 1000 pips at least.hopefully anonnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51435368710254544572009-04-07T12:36:00.000+01:002009-04-07T12:36:00.000+01:00MM or anyone.....any thoughts on short sterling fl...MM or anyone.....any thoughts on short sterling flatteners?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-18924775143433218682009-04-07T11:53:00.000+01:002009-04-07T11:53:00.000+01:00I hate to gripe about the technical aspects of the...I hate to gripe about the technical aspects of the blog (I guess I have no complaints about the content :) ), but as a bandwidth challenged reader, I want to know how come the full size images in your post (that you get to by clicking to on the preview) each take up 32 kbytes, while the preview images (allegedly shrunken to make them smaller) each take up more than 100 kbytes. That seems sort of bass-ackwards to me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63729448464475296592009-04-07T11:48:00.000+01:002009-04-07T11:48:00.000+01:00Long FI especially Europe - rm still hasn't cu...Long FI especially Europe - rm still hasn't cut positions sufficiently.<BR/>The reds - prob last weeks pain trade<BR/><BR/>THE pink flamingo is short jpy. Also think people are still a touch too long AUD. Receiving Brl Jan 10s also pretty heavy.<BR/><BR/>personally think Macro has been short copper & think Nok positioning a lot cleaner. <BR/><BR/>DCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-65326228342332777792009-04-07T11:38:00.000+01:002009-04-07T11:38:00.000+01:00Speaking of Kiwi, how about the position liquidati...Speaking of Kiwi, how about the position liquidation in Kiwi rates after the 1-way train for most of 2008? Greens at nearly 6% with 3m cash at 3.3% seem to me pretty good if you haven't been runover by the train. As to the next pink flamingo, the longs in Treasuries to position for Fed buying seems to be a potential sh-tshow; TY sure trades heavy the last few sessions given the weakness in equities.Trader Joehttps://www.blogger.com/profile/03122755936413138015noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-85910543975430707922009-04-07T11:37:00.000+01:002009-04-07T11:37:00.000+01:00Hi MM,I am in agreement to AUD, Gold and equities ...Hi MM,<BR/>I am in agreement to AUD, Gold and equities but it seems we are in the pain trade environment now. A few more views coincidentally to share in my blog. Are you still happy to own some deferred crude?<BR/><BR/>http://sfot-otb.blogspot.com/2009/04/some-macro-views.htmlSFOThttps://www.blogger.com/profile/18390835464850972314noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-37003535691436350372009-04-07T11:31:00.000+01:002009-04-07T11:31:00.000+01:00long copperciti pref "arb"long techJLlong copper<BR/>citi pref "arb"<BR/>long tech<BR/>JLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-31429511165346522482009-04-07T10:36:00.000+01:002009-04-07T10:36:00.000+01:00Long NOK against whatever...Long NOK against whatever...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-28445769628990868062009-04-07T10:13:00.000+01:002009-04-07T10:13:00.000+01:00Credit spread: long high grade corporate bonds, sh...Credit spread: long high grade corporate bonds, short the calls for premium. Not working like it should.cfarleynoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-80031286324509134852009-04-07T10:11:00.000+01:002009-04-07T10:11:00.000+01:00A few candidatesLong fixed incomeLong USDSGDLower ...A few candidates<BR/><BR/>Long fixed income<BR/>Long USDSGD<BR/>Lower rates for longer trades<BR/>Long USD JPYAnonymousnoreply@blogger.com