tag:blogger.com,1999:blog-34323687.post7789744728232517601..comments2024-03-28T00:23:22.838+00:00Comments on Macro Man: Well....Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-34323687.post-67385554818224261242009-09-24T14:05:25.353+01:002009-09-24T14:05:25.353+01:00"Why should the SPX and the USD be inversely ..."Why should the SPX and the USD be inversely correlated?"<br /><br />higher risk appetite => capital flows out of the US to seek higher returns elsewhere (just one of the ways we're turning japanese).<br /><br />retail has bought more EM stocks in the first 9mo of this year than they sold in all of 2008. that's just one example.__https://www.blogger.com/profile/18426730906924848636noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-89700252730740577722009-09-24T10:10:00.907+01:002009-09-24T10:10:00.907+01:00changing tack slightly - can anyone else understan...changing tack slightly - can anyone else understand why GBP is getting another whack on the back of the "2 banks were hours from failure" story? It dates back Oct 2008. Like saying "sell your lehman stock". Horse. Stable door. Bolted. Lock...etcAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66315740647789175902009-09-24T07:10:15.630+01:002009-09-24T07:10:15.630+01:00mpm, I assume the corollary of this is that now th...mpm, I assume the corollary of this is that now that AUD, JPY all creeping higher since asia AM that spoos should too.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-12861555142626923152009-09-24T06:17:53.592+01:002009-09-24T06:17:53.592+01:0010:21
its bc there is no value!
only way "val...10:21<br />its bc there is no value!<br />only way "value" is synthetically created is through dollar fudging.<br /><br />look- supplyside is back online- but demandside is not even close to being ready yet. w/ 10 yr at 3.50 inflation isnt a threat. so dollar will squeeze higher and mkt will sell off. its right in front of you.<br /><br />mpmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-64013686184837723262009-09-24T03:57:42.462+01:002009-09-24T03:57:42.462+01:00Oh, and yes, despite this little pullback over her...Oh, and yes, despite this little pullback over here its time to go DGDF again. <br /><br />Insane? Unsustainable? Yes. Way to make money until December? Probably.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51541336650533189952009-09-24T03:39:25.115+01:002009-09-24T03:39:25.115+01:00Wasn't a disaster from where I am sitting - HS...Wasn't a disaster from where I am sitting - HSCEI down 2%, AUD down, JPY a pain in the a$$ as usual. Getting out here. Nice 2.5% slide in HSCEI but seems like we've seen our low for the day. <br /><br />It is just me or is this a market for day traders?Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-79333939396534632442009-09-23T23:04:38.108+01:002009-09-23T23:04:38.108+01:00anon 10:22 - it could be the first micro sign that...anon 10:22 - it could be the first micro sign that the Fed (belatedly) becomes aware of the dangers the USD is facing.<br /><br />Looking forward, something's gotta give.<br />The dollar can go down longer than the SPX can go up.Gregor Samsanoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23891179630865822082009-09-23T22:52:15.639+01:002009-09-23T22:52:15.639+01:00Crowded, obvious and highly leveraged trades like ...Crowded, obvious and highly leveraged trades like DGDF are rewarding to those who ride them, and also amusing to those who bet against them as sentiment extremes are reached and they begin to unwind.leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-10982951537267883422009-09-23T22:22:29.126+01:002009-09-23T22:22:29.126+01:00uhhh ... mortgage buying program rate being reduce...uhhh ... mortgage buying program rate being reduced with immediate effect ... (tho spread longer) ie first micro sign of taking away the punchAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-3314725549772802192009-09-23T22:21:55.891+01:002009-09-23T22:21:55.891+01:00The ultimate question of life, the universe, and e...The ultimate question of life, the universe, and everything:<br /><br /><b>Why should the SPX and the USD be inversely correlated?</b><br /><br />If your answer is 42, please try again.<br /><br />My brain hurts.Gregor Samsanoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7745932614438951792009-09-23T22:09:21.213+01:002009-09-23T22:09:21.213+01:00[...likely to warrant exceptionally low levels of ...[...likely to warrant exceptionally low levels of the federal funds rate for an extended period.]<br /><br />if stocks, commodities cant rally on that and the dollar cant sell off, well...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-33642795425650022652009-09-23T22:04:22.349+01:002009-09-23T22:04:22.349+01:00"I am angry because the when it comes to the ..."I am angry because the when it comes to the currency market the Chinese are like locusts- disgusting parasites who descend and raze everything in their wake." - Macro Man (vintage 2008)Crisis Managementnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11899523365965844232009-09-23T21:56:15.795+01:002009-09-23T21:56:15.795+01:00So they are leaving the punchbowl out a little lon...So they are leaving the punchbowl out a little longer but they aren't putting any more punch in ...Nicnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-26405180368424740202009-09-23T20:56:03.271+01:002009-09-23T20:56:03.271+01:00Sweet reversal, if one is of the "risk-off&qu...Sweet reversal, if one is of the "risk-off" philosophy - now let's see what tomorrow brings.leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-54995234744660411562009-09-23T19:56:37.378+01:002009-09-23T19:56:37.378+01:00Well, I think it has more to do with US corps wrap...Well, I think it has more to do with US corps wrapping up their hedge program before quarter end. Let's see what Voldy thinks tomorrow...Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-14339077240735909112009-09-23T19:55:03.050+01:002009-09-23T19:55:03.050+01:00Euro in retreat, Macro Man. Sell the news?Euro in retreat, Macro Man. Sell the news?leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-12233393676112029852009-09-23T19:44:34.030+01:002009-09-23T19:44:34.030+01:00That EUR:USD 1.89 level is still intact overhead. ...That EUR:USD 1.89 level is still intact overhead. CL is flat and DXY hasn't fallen to the center of the earth. Not buying this yet.leftbacknoreply@blogger.com