tag:blogger.com,1999:blog-34323687.post1879837150475254053..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: Mr. RobotoMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-34323687.post-40633230381968455392015-07-12T01:23:01.366+01:002015-07-12T01:23:01.366+01:00its 50 billion - not clear to me whether its colla...its 50 billion - not clear to me whether its collateral, escrow, or asset sales - I don't know if the EU even allows for something like this to happen, but obviously rules can be re-made in a crunch - shoot first, legally defend later sort of thing.<br />The end game here may be Merkel shooting Schauble in the back and high fiving obama.<br />As an interesting observations to LB's point, we are in the middle of an Interesting apogee for global female power - the fate of the world rests on merkel, yellen, lagarde, and very soon hillary - but I am sure the boys will start a world war in the next few years to get it all back..<br />washedupnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-20728458843181060462015-07-12T00:17:56.727+01:002015-07-12T00:17:56.727+01:00LB did you mean $50B by any chance?
Like Han Sol...LB did you mean $50B by any chance? <br /><br />Like Han Solo would've told Greeks: https://www.youtube.com/watch?v=-vyEHVZBZFMhipperhttps://www.blogger.com/profile/10934536233703452719noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-34595639832087846712015-07-11T23:19:09.320+01:002015-07-11T23:19:09.320+01:00Schäuble demanding $50M of collateral to be pledge...Schäuble demanding $50M of collateral to be pledged before the Greek debt is rolled over again and becomes $400B. That's about 12 months of Janet's QE, so not a monstrous amount, but for a small country like Greece it is mind-blowing. Still, this is what's happening, the can will be kicked and Greek govies are going to trade down to 5-6% yields again within a few months.<br /><br />It's interesting how many market commentators (not here) have been so far off in their predictions of how the Panto would end. One must always remember the Pantomime Dame [here played by Wolfgang Schäüble in drag] is sometimes also the villain, and she doesn't win. The Leading Boy [often played by a woman] is usually the victorious hero, sometimes winning the hand of the Girl [played by another woman]. Make sense of that.....Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-80929164649695563002015-07-11T23:06:06.324+01:002015-07-11T23:06:06.324+01:00Greece has atleast one more nuke option: print the...Greece has atleast one more nuke option: print their own Euros without permission.<br /><br />http://www.marketoracle.co.uk/Article51289.html<br />http://www.marketoracle.co.uk/Article51350.html<br /><br />I wonder if they could replace their own letter "Y" in the serial number with some other letters. If they could, think of all the crazy mayhem that would cause in the whole Eurozone once they get into serious circulation. I wonder what Darth Weidmann, Schauble and Mangler would have to say about that lol. I'm really starting to love this ingenious nation.<br /><br />Monday morning headline on Bloombags: "Capital controls begin to lax as Greek banks in better health than expected, caused by regulatory rounding error"hipperhttps://www.blogger.com/profile/10934536233703452719noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-70580619801310255132015-07-11T22:24:05.489+01:002015-07-11T22:24:05.489+01:00>>> " What we have is the mentality ...>>> " What we have is the mentality that rules are made to be broken.” <<<<br /><br />Not for the Bosh, clearly, who'd rather blow up their EZ, create a failed state on Europe's frontline southern border, the consequences be damned, because ze rules are ze rules, verstehen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-38934623560111748562015-07-11T18:43:41.889+01:002015-07-11T18:43:41.889+01:00" What we have is the mentality that rules ar..." What we have is the mentality that rules are made to be broken.”<br />http://news.nationalpost.com/news/world/greece-zakyntos-island-of-the-blind-scam-822595Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-72977090088155627982015-07-11T00:38:10.645+01:002015-07-11T00:38:10.645+01:00LB - watch out for STD's.
http://www.dailymai...LB - watch out for STD's.<br /><br />http://www.dailymail.co.uk/health/article-2989697/Americans-likely-STD-Europeans-New-research-reveals-Iceland-chlamydia-capital-Europe-Washington-D-C-tops-HIV-league.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-12491587475618289352015-07-10T23:45:50.188+01:002015-07-10T23:45:50.188+01:00MM, if you need help at the blog while you Tweet, ...MM, if you need help at the blog while you Tweet, Ellen Pao is available...<br /><br />LB still waiting for US fixed income to become investable again. If the Greek "deal" or whatever one wants to call it is ratified by everyone next week, then we may finally get to see where the ceiling is for US 10y w/o the Greece "fear premium", and then we can also see whether the front end is going to creep upwards into September (as it probably should) or jerk discontinuously late in August. Either way, capitulation in bonds is coming fairly soon, and that's where the opportunities are going to be found.<br /><br />Hammock Time continues, although we did enjoy a small Greek options punt again this week, b/c like the attractive slightly drunk sorority girl at the end of the party, it would have been rude not to.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-89876795667365179062015-07-10T18:42:16.077+01:002015-07-10T18:42:16.077+01:00BBG:Buyback authorizations so far in 2015 have alr...BBG:Buyback authorizations so far in 2015 have already topped full-year totals for 2008, 2009, 2010 and 2012 and are on pace to set a record of $993 billion, according to Birinyi Associates Inc. <br /><br />``The ultimate putdown by the bears has been that the buybacks are just another form of financial engineering that artificially boosts earnings per share. The most extreme accusation is that the purchases are a form of stock manipulation. I am often asked by our accounts, and sometimes by reporters, whether I concur with this charge. My response is that I am an investment strategist, not a preacher. I don't do morality. I don't make judgments on `good' or `evil.' I do `bullish' or `bearish.'''<br />Ed YardeniAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-50018136205315974012015-07-10T12:37:11.951+01:002015-07-10T12:37:11.951+01:00HFT/MarketMaker: Looks like retail and institution...HFT/MarketMaker: Looks like retail and institutional just keep buying the dips - this is hitting our profit margins.<br />Central Bank: No probs, we'll release some bad news so that you can launch sell programs all afternoon to run their stops, then when the market closes, we'll release some good news...<br />HFT/MarketMaker: LOL<br />Central Bank: Yeah and for good measure an Asian sovereign has agreed to sell several yards of Yen and launch a multi-million equity buy program on Globex the second our good news hits the wires, "to hit their inflation target". Should be good for a 200pt pop, then you can run stops the other way. Oh, and cut us in for 50% of the profit ok?<br />HFT/MarketMaker: Done.<br />Retail & Institutional Investor: WTF???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-87178393727940798262015-07-10T09:46:59.247+01:002015-07-10T09:46:59.247+01:00I love it. Rallying into the weekend for the third...I love it. Rallying into the weekend for the third weekend in a row in expectation of a deal. No way the Eurogroup or Germany are going to come back with a no or simply a counter proposal that the Greeks just can't take and back to stand off or worse again. <br /><br />Hopium.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22530111820945503152015-07-10T00:48:38.383+01:002015-07-10T00:48:38.383+01:00hipper - thinking along the same lines - UST's...hipper - thinking along the same lines - UST's have been trading really heavy all things considered so the path here may be post grextension relief risk on followed, in short order by handwringing on rising rates - that said, doubt we get more than a mild drift higher in the dollar and that too mainly from the yen re-weakening. <br />The big question is whether a relief rally in US equities would take us to new highs - I am honestly not sure. <br />washedupnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-35110125983261598212015-07-10T00:04:00.485+01:002015-07-10T00:04:00.485+01:00Probably best to watch the safe havens now for a m...Probably best to watch the safe havens now for a more reliable indication of the real perception, not equities suffering from hypomania. If bunds go back to over .9 in the next few days thats a pretty clear indication what the collective market perspective is. And USTs seem weak even without the fudge resolution confirmation so they might get doubly weaker if the perception is pro-fudge. If UST-bund spread widening that might make USD unreliable as an indicator to watch anymore. <br /><br />Initially EUR might go up but after the dust settles and business as usual comes back then yield spreads start guiding FX again? That ultimately determines EM/commodity risk off or on.hipperhttps://www.blogger.com/profile/10934536233703452719noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51603403218445228872015-07-09T20:22:18.346+01:002015-07-09T20:22:18.346+01:00Well yes. Happy w a paper trade and a cold beer or...Well yes. Happy w a paper trade and a cold beer or two. Thats it for me right now. But my interest now is eurusd. The bet seem almost to easy. We wait for the greece shit to settle and then let gravity do its work towards 1.05?<br />Maybe its the beer talking ;)winginitnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-20509361223825316282015-07-09T18:46:24.080+01:002015-07-09T18:46:24.080+01:00Subway Jared!Subway Jared!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-48482232764707176592015-07-09T15:04:30.000+01:002015-07-09T15:04:30.000+01:00Euro bosses are prob. looking at what's happen...Euro bosses are prob. looking at what's happening at the BRICS' summit this week.<br />Greeks know it too..more Euros are coming their way without any meaningful changes!<br /><br />http://finance.yahoo.com/news/heres-17-trillion-reason-why-231038739.html;_ylt=A0LEVjxjfp5VHP0A2BgnnIlQ;_ylu=X3oDMTE0dGo0NDNsBGNvbG8DYmYxBHBvcwMxBHZ0aWQDRkZYVUkyN18xBHNlYwNzYw--Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-74355721235243409092015-07-09T13:44:48.288+01:002015-07-09T13:44:48.288+01:00FM, I think this is good beach time bc what we hav...FM, I think this is good beach time bc what we have is just a bunch of stuff that isnt lining up. <br /><br />SPX right at narrow range 200 day MA. EEM on the lower band of a 3 year trading range (china syndrom). Currencies volatile and pointing to risk off (EUR pairs aside). Fed funds rates pointing to no increase in Sept, while the mins, to me at least sounded like they want to go unless something derails them...<br /><br />so either we are going to get a sell off in risk or I think SPX is going to jump violently to the upside and then take interest rate projections with them. Either way doenst seem like easy trading for investors or anyone else with a holding period of more than a few hours. Trends are very hard to discern at this point. <br /><br />abee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-86631745959279892922015-07-09T13:11:43.506+01:002015-07-09T13:11:43.506+01:00Re FM,
What do you expect? Even DOJ sued and fine...Re FM,<br /><br />What do you expect? Even DOJ sued and fined Wall Street til the end of world. You think that Chinese police will be more merciful?<br /><br />Joke aside, those big whales shorting SHCOMP are probably easily identifiable but almost untouchable. So they are enjoying their profits somewhere nice while everyone else is recovering some loss. Take the PBOC handouts while you can!<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-47358288409013489992015-07-09T12:16:42.097+01:002015-07-09T12:16:42.097+01:00China makes selling equities illegal - police vow ...China makes selling equities illegal - police vow to arrest anyone shorting (ROFL). Anyway, Shanghai up 6%, Nikkei up 3%, EU equities up 2% today, US equities up 1% (before US trading). Yet another day where BTFD wins again.<br /><br />I like the posters on this site, but regrettably, for those of you bearish on equities, I have been obliged to report you for crimes against humanity. The secret police will carry you away in 'short' order :)<br /><br />I'm now off on vacation - time to spend some of this funny money. Enjoy the summer.<br /><br /><br /><br />FunnyMoneynoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-24494894432048790282015-07-09T11:38:41.180+01:002015-07-09T11:38:41.180+01:00Here's your backup dancer, MM:
Peter Crouch,...Here's your backup dancer, MM:<br /><br /><a href="https://www.youtube.com/watch?v=HIvhW0DJdL0" rel="nofollow"> Peter Crouch, Robot Dance </a>Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-56608712485632651862015-07-09T11:15:51.441+01:002015-07-09T11:15:51.441+01:00Domo arigato Mate..and Sayonara!Domo arigato Mate..and Sayonara!Anonymousnoreply@blogger.com