tag:blogger.com,1999:blog-34323687.post3464644181586044762..comments2024-03-29T09:24:42.731+00:00Comments on Macro Man: Too Big to Succeed, Too Greedy to Turn Down InvestorsMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-34323687.post-7066761832350375792011-05-07T04:28:18.843+01:002011-05-07T04:28:18.843+01:00LB, if you're feeling bored and looking for ex...LB, if you're feeling bored and looking for excitement selling silver vol is a bit of fun. Nothing like being long the june 35 puts and then turning on a dime and delta hedging your way to another few hundred bps. Between stabilizing flows and slower rates of liquidation front end vol across commods looks seriously rich.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-32266765157348317992011-05-07T00:10:38.848+01:002011-05-07T00:10:38.848+01:00Anon 9.15
I think you have the most likely take on...Anon 9.15<br />I think you have the most likely take on Greece.Politically they must be seen to be working to get the best terms they can or be thrown out by the greek people.<br /><br />Sometimes you wish they'd just get through to a solution without the posturing ,but I suppose that would be expecting too much.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-72023148774367285402011-05-07T00:07:32.549+01:002011-05-07T00:07:32.549+01:00LB,
I assume by the close you had stopped whistlin...LB,<br />I assume by the close you had stopped whistling? Innocently..<br />Quick look close appears to me to still be open to further flattening depending on how much fear is still to be stirred up elsewhere.I still would not be short.Patience.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-86157267215038963052011-05-06T22:13:17.966+01:002011-05-06T22:13:17.966+01:00If there have been some fund implosions then we mi...If there have been some fund implosions then we might expect to see some weakness while the remaining positions are unwound/liquidated. <br /><br />Way too many invisible catalysts for me, a great time to sit in cash and do nothing, keep everything on a tight leash and make any directional punts small ones. There will be opportunities in the future.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40193297830994587092011-05-06T21:37:02.916+01:002011-05-06T21:37:02.916+01:00Commodity funds suffered a $1.47bn withdrawal week...Commodity funds suffered a $1.47bn withdrawal week. One fund shut-down would be the icing on the cake for this hell of a party to keep going.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-48636226182383764952011-05-06T21:15:40.688+01:002011-05-06T21:15:40.688+01:00Don't think a Greek exit stage left is in the ...Don't think a Greek exit stage left is in the cards this weekend. I do think however it means that the Greeks have rolled out the big bazooka, their ultimate weapon to support their demands for better terms. So, clearly, lots of brinkmanship going on, which does imply that the probability that it does all end in tears ultimately has gone up. So looks like fun times ahead...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-85537324077608910762011-05-06T20:42:18.216+01:002011-05-06T20:42:18.216+01:00The jobs report was pretty weak when you subtract ...The jobs report was pretty weak when you subtract the one-off McDonald's hiring and take into account the usual fudge factors. <br /><br />Do TMM and/or commenters have any insights into the latest Greek € exit rumors? Sounds like they were preparing for the usual Weekend Surprise job and then there was a leak.<br /><br />Can I make the "Greek melodrachma" joke one more time before it becomes hackneyed? The USD seems to be "bucking" recent trends once more. Sorry, I am partly here to provide a little levity at times...Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-84699991960904628192011-05-06T17:33:58.646+01:002011-05-06T17:33:58.646+01:00You may be right, daily indices from HFRX and Newe...You may be right, daily indices from HFRX and Newedge indicate that past few days (4th - 5th May) have been ugly for systematic/quant strategies.<br /><br />Post 2008, alot of FOFs have included CTA exposure to help smooth our returns when fundamental strategies are tanking. There has also been decent growth in CTA FOFs themselves, as FOF houses work hard to stay in business and command fees by differentiating themselves and providing "specialised" exposures to investors.<br /><br />CheersAlihttps://www.blogger.com/profile/14622836247655831346noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-78447597762936914622011-05-06T16:44:29.782+01:002011-05-06T16:44:29.782+01:00household survey showed a loss of 190,000 jobs ......household survey showed a loss of 190,000 jobs ... oh well ... nothing a birth/death adjustment model won't fix.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-1952884689624025562011-05-06T15:24:07.042+01:002011-05-06T15:24:07.042+01:00LB arrives in the office, whistling innocently... ...LB arrives in the office, whistling innocently... decides not to mention yesterday's Max Pain Trade reminder, no, too much class for that, sits down and quietly reviews the back up in yields. Dollar up, stocks up? Not possible, surely..... whistles innocently....Leftbacknoreply@blogger.com