tag:blogger.com,1999:blog-34323687.post2573024068922662005..comments2024-03-29T12:26:35.581+00:00Comments on Macro Man: Now what?Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-34323687.post-87154141820224610812012-11-07T16:34:54.789+00:002012-11-07T16:34:54.789+00:00Critical levels, relatively high volumes, but most...Critical levels, relatively high volumes, but mostly volatility sellers at current levels. Looks like lunch time Friday buy the dip moment. NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-72796368363508453742012-11-07T16:28:16.879+00:002012-11-07T16:28:16.879+00:00Energy stocks being beaten with a (contaminated pi...Energy stocks being beaten with a (contaminated piece of wood) behind the (accessory building) today. XLE closing in on a double bottom. <br /><br />Not a good day for Old King Coal. He probably isn't a Merry Old Soul today. (Wonder if I'll read that one on a posh blog somewhere later today).<br /><br />LB is sitting and waiting for possible Salvation, (or Annihilation) after the 10y auction later. It doesn't make any sense to buy 'em at 1,64% but then again when did that stop anyone? [Insert the usual Widowmaker comments here].Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-43908083975764702652012-11-07T16:20:05.874+00:002012-11-07T16:20:05.874+00:00spooz here at critical level .. looks like the sto...spooz here at critical level .. looks like the stop hunting is about to begin... aapl at the woodshed as well. Seems like the relief rally everyone was expecting from teh election is going to take a few weak longs out b4 it continues. That 11:30 ramp up yesterday killed meabee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51310670447444077792012-11-07T15:57:29.991+00:002012-11-07T15:57:29.991+00:00I was thinking along the lines of, spreads are tig...I was thinking along the lines of, spreads are tight, and housing policies are the one thing that might be achieved despite a divided Washington, so speeds are up and may continue rising. <br /><br />That said, the big money centers are getting beat up worse than the market, so what do I know? Maybe it's just a case of the first c) option, as "the 53pc" have a Great Proletarian Cultural Revolution panic attack this morning. Dee Dee Humbersidenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-67356585604614824722012-11-07T15:51:01.586+00:002012-11-07T15:51:01.586+00:00It is a bit strange to think that yesterday might ...It is a bit strange to think that yesterday might actually have been a "Romney rally". I mean, people would have had to be somewhat deluded to think The Glove was going to win, surely?<br /><br />US TV badly needs The Swing-O-Meter. Election night's not the same without it, and last night it would have revealed an insufficient swing in the first few dribbles of precinct polling data.<br /><br />LB would like to say a heartfelt farewell to a few people who have (dis)graced our TV screens of late. Goodbye to wrestling millionaire Linda McMahon, who lost an ugly race in CT. Goodbye to the always odious Ann Coulter, who will cheerfully spew neocon philosophy and divisive hatred for 5 minutes on any cable outlet. Goodbye to dismal trickle down economist Glenn Hubbard who will now not have to choose between Treasury and the Fed after all. <br /><br />Goodbye, Bill O'Reilly and Sean Hannity... what's that? We are stuck with them? Oh well. Can't win em all...Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45496325514455648752012-11-07T15:29:01.278+00:002012-11-07T15:29:01.278+00:00Big Ears victorious? Shocked, I mean, who could ha...Big Ears victorious? Shocked, I mean, who could have known it? No wonder the mkt's barfing. Jeez...<br /><br />Adults should be in attendance later.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-6365259583127417432012-11-07T15:21:14.302+00:002012-11-07T15:21:14.302+00:00NLY keeps lowering the dividend, hence the share p...NLY keeps lowering the dividend, hence the share pressure. Look at TWO or AGNC, not nearly the same drop. <br /><br />Negative schatz again...that trade is doneabee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-50474915583504577642012-11-07T14:53:06.295+00:002012-11-07T14:53:06.295+00:00Dee Dee,
NLY and most of the mREITs can't mak...Dee Dee,<br /><br />NLY and most of the mREITs can't make much money when the spread is very tight. There is also some nervousness about the debt ceiling again. Any potential downgrade of US Treasuries obviously takes agency paper with it. This is not the place to be today, although note the preferreds are doing fine. If dividend yields start to get ridiculous again, you can bet there will be some interest. Not yet, perhaps.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-29832096981652283632012-11-07T14:44:58.619+00:002012-11-07T14:44:58.619+00:00Now what?
The answer appears to be "throw al...Now what?<br /><br />The answer appears to be "throw all the toys out of the pram" this morning, or as the Australians say "spit the dummy". Of course there is a limit to the profit available on that trade once your favorite plastic rattle and squeaky ducky is on the floor. <br /><br />Everyone in the US is now banging on about lame duck session. In fact this is not the case, b/c essentially NOTHING HAS CHANGED. If anything, we have had a lame duck Congress for two years that has achieved almost nothing, and now at least the election is out of the way.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-27376330914971975932012-11-07T14:42:53.336+00:002012-11-07T14:42:53.336+00:00Don't want to be accused of feeding one of LB&...Don't want to be accused of feeding one of LB's obsessions, but Anna Lee getting trampled BAD.<br /><br />Screams "housing stimulus" to me.Dee Dee Humbersidenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-59836129752614735112012-11-07T14:18:19.724+00:002012-11-07T14:18:19.724+00:00whenever in doubt, I ask myself this biblical ques...whenever in doubt, I ask myself this biblical question : "What would the machines do ?" <br />Unfortunately, my house is still in the dark thanks to Mother Nature and therefore "Computer says neooo"..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-20339682626479009932012-11-07T13:59:08.040+00:002012-11-07T13:59:08.040+00:00Most important "elections" in the world ...Most important "elections" in the world are who will be the next Fed Chairman. <br /><br />Summers looked good in that Facebook movie so I say him.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-88406615603505721622012-11-07T13:30:57.401+00:002012-11-07T13:30:57.401+00:00f) definitely. On all three. f) definitely. On all three. Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-52795375350638888862012-11-07T13:30:24.246+00:002012-11-07T13:30:24.246+00:00C Says,
Was more interested in UBS replacing peopl...C Says,<br />Was more interested in UBS replacing people with algos. Thought this was very funny,but now I know why UBS really are crap.<br />In essence it appears they are assuming that they can have an algo that brings some sort of superior hedge with it. What makes them think that is possible ,or if so can continue to be possible?<br />If the proliferation of hedge funds as served to neuter any hedge most of those funds used to have then why won't a prolifiration of algo trading do exactly the same?<br />Actually,I suspect they know this. Appears to me what the adoption of algo's is reallya bout is removing the kind human input that landed them with huge losses. In essence it might simply be a policy move that says' we'll accept average performance in exchange for limiting our risk.<br /><br />Of course after a string of high profile huge losses in recent years coupled together with regulations applying to ring fencing we appear to have entered into a new world of investment basics where risk looks like becoming a dirty word.Anonymousnoreply@blogger.com