tag:blogger.com,1999:blog-34323687.post9186136733532747761..comments2024-03-29T12:26:35.581+00:00Comments on Macro Man: No Man's LandMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-34323687.post-43615655362091778612010-11-10T23:57:15.471+00:002010-11-10T23:57:15.471+00:00This comment has been removed by the author.JohnLhttps://www.blogger.com/profile/16277794221279494655noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-91573981646452590692010-11-10T13:19:04.852+00:002010-11-10T13:19:04.852+00:00T-Bond breaking, S&P looks like it double topp...T-Bond breaking, S&P looks like it double topped, EuroDollar (interest rates) blowing out a little and possibly silver had a blow off top as well. <br /><br />Looks like risk off for the next few days... but lots of monkeys are still buying every dip.. and I have been a bit biased to risk off for a while so perhaps I am not looking at the market though the same lense as everyone algo that is chasing the market up<br /><br />If anyone watched the close in silver yesterday, its clear to see how easily we could have another flash crash again... Algo-rifficabee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-35766296242626978672010-11-10T10:20:11.068+00:002010-11-10T10:20:11.068+00:00"we have lifted the "comments" rest..."we have lifted the "comments" restrictions to allow anonymous non registered contributors to return to the fun."<br /><br />Thank you for that. I have liked making a quick anonymous contribution.<br /><br />"We are hoping that US health care issues are far enough behind not to have it descend into chaos again."<br /><br />For better or worse, with the Republicans in charge of the House, I feel that it will definitely make its way back into the news (especially as some of the peripheral issues - like the requirement to send millions of additional 1099s out - come to light), but I will enjoy the relative calm while it lasts. :)<br /><br />I thought I would see something today on the other contentious topic - gold (and other precious metals).<br /><br />Bought one silver future at 27.600 yesterday. Needless to say, I was quite happy as it rose to 29.340, but then it fell all the way to 26.415 about two and a half hours later. Yikes!<br /><br />Feels like something big is about to happen (but I don't know exactly what).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8387342408070841922010-11-10T08:12:58.573+00:002010-11-10T08:12:58.573+00:00Don't think I quite agree with your article.
A...Don't think I quite agree with your article.<br />Appears to me that the Euro debt is at least temporarily going to trump QE and will be enough to cause Equities to come off their overbought plateau.Indeed risk in general being overbought could come off. At this time we have almost uniform pressure across all risk of corp bonds and the last time we saw that was back at the end of April.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-73213666574272705212010-11-10T05:45:57.035+00:002010-11-10T05:45:57.035+00:00probably 4.25 is enough to entice buyers of Wed 30...probably 4.25 is enough to entice buyers of Wed 30B gov sale. <br />But it just have disturbed the qe2 meaning or there may be the future case that free qe2 money wil be absorbed by japanese.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-47196898561291671402010-11-09T21:58:39.666+00:002010-11-09T21:58:39.666+00:00TMM, looking at another digestive period?...Jumpin...TMM, looking at another digestive period?...Jumping in the swim with you below 32.1/2 hedge vvs Dow...Unknownhttps://www.blogger.com/profile/11882601304613626929noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-60079154560189283142010-11-09T21:35:46.302+00:002010-11-09T21:35:46.302+00:00DOL's data is crap. I would take anything comi...DOL's data is crap. I would take anything coming from DOL with a grain of salt. <br /><br />Workforce participation shows unemployment is still increasing:<br />http://www.shadowstats.com/alternate_data/unemployment-chartsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-62634949022194692832010-11-09T16:56:07.412+00:002010-11-09T16:56:07.412+00:00I've stolen this from Greg Mankiw's blog b...I've stolen this from Greg Mankiw's blog but it makes very amusing reading and is one that Mr. Man (first name Macro) would be proud of I think: <br /><br />It's Called Quantitative Easing<br /><br />I heard it in the headlines<br />It's news all over town<br />We might be double dippin'<br />Green shoots have all turned brown<br /><br />It's a balance sheet recession<br />With a housing overhang<br />But they've got a brand new program<br />And it will start you with a bang<br /><br />And it's called, quantitative easing<br />They say results are always pleasing.<br />When liquidity all starts freezing<br />Just warm things up with Quantitative easing<br /><br />I will say it straight and simple<br />It's clear, just like a bell<br />There's some long term bonds to buy<br />There's some short term bonds to sell<br /><br />Don't talk about the good times<br />Don't ask me where they went<br />Just move your inflation target<br />On up to three point five per cent<br /><br />And it's called, quantitative easing<br />This ain't no joke, it ain't no teasing<br />When the GDP starts wheezing<br />Treat with a shot of quantitative easing<br /><br />Good and magic things will happen<br />It might take a week or three<br />Unemployment plunging downward<br />Recovery shaped just like a V<br /><br />You'll see Nobels at the Treasury<br />There'll be rock stars at the Fed<br />It'll take hair off of Krugman's face<br />Put it on top of Ken Rogoff's head<br /><br />And it's called, quantitative easin'<br />This ain't no scam, so don't call no policeman<br />When the engine of commerce starts seizin'<br />Just add a quart or quantitative easin'<br /><br />Show no mercy to the critics<br />Don't let no one stop your nerve<br />You can mock Ricardian Equivalence<br />You can laugh at the Laffer Curve<br />Tell that guy at the Minneapolis Fed<br />To shut up, or you'll break his legs<br />And if the Bond Vigilantes don't like it?<br />Well, they can go suck eggs<br /><br />And it's called quantitative easin'<br />You know I say this for a reason<br />When the economy just sits there squeezing<br />Loosen things up with quantitative easingMintynoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-5675294919010689342010-11-09T15:04:41.949+00:002010-11-09T15:04:41.949+00:00Anon 3, check out JGBs. Quite a slide recently - m...Anon 3, check out JGBs. Quite a slide recently - maybe that great "Japan is finally screwed in every way" trade has come.... was working for a bit before US easing came into the picture.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-21313402380452602722010-11-09T14:57:08.591+00:002010-11-09T14:57:08.591+00:00there may be a possibility that sudden down move i...there may be a possibility that sudden down move in 30 yr yields (or equivalent risk off) is on the horizon.<br /><br />count me as anon 3rd.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-27203049022905120712010-11-09T14:34:27.520+00:002010-11-09T14:34:27.520+00:00sounds like u'd just be better off selling eur...sounds like u'd just be better off selling eur/cad or eur/nzd given ur eur view and whats happening to commodities here based on the last fed brain fart.<br /><br />yay! 2nd anon!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23073149425567719382010-11-09T14:01:16.857+00:002010-11-09T14:01:16.857+00:00"... that may damage their short USD possies ..."... that may damage their short USD possies or their short Equity dreams ..."<br /><br />Isn't it that shorting USD equals longing equity nowadays? Do I miss something? <br /><br />btw, 1st for anon reply...Anonymousnoreply@blogger.com