tag:blogger.com,1999:blog-34323687.post6718330304576453345..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: QE3 FondueMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger58125tag:blogger.com,1999:blog-34323687.post-51523111119419314272011-08-23T20:19:33.492+01:002011-08-23T20:19:33.492+01:00I consider the market's ability to shrug off a...I consider the market's ability to shrug off all of the ZEW, the widening in peripherals and the Richmond Fed's manufacturing index pretty impressive. I know, I know, strong PMI numbers out of Europe, but should that trifecta come out last week, well I think we would have seen a different outcome, PMIs be damned.<br /><br />A potential buy the rumour situation developing around J-Hole here? If so, I agree with LB with respect to taking some risk off the table ahead of the speech. Hell, if the gold correction continues, you may see me hanging out with the Anons in Scrooge's vault come Thurs!WellRednoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82037161937282752952011-08-23T20:17:41.062+01:002011-08-23T20:17:41.062+01:00Brutal squeeze. These days are always a good oppor...Brutal squeeze. These days are always a good opportunity to take a bit off.....<br /><br />Mr Shorty looks a bit green. Always the same with an unexpected visit to the proctologist.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-10098906827048416422011-08-23T18:30:29.793+01:002011-08-23T18:30:29.793+01:00Well Stox ROOL n Gold SUXX is back. Anons are gene...Well Stox ROOL n Gold SUXX is back. Anons are generally not that bearish on Gold but at the same time we think it might pay to take some risk off should we get a retrace from this overextended rally/short squeeze (not the WTI to gold gap, Hugo bedtime stories etc.) <br /><br />Those who are generally bearish on equities appear to be housed under SF Fed (doing some P/E M/O modeling out there) and have names. Otherwise (M/Os aside) this market is clearly broken. We do not pretend to have any idea on how to un-break it / as was the original idea. To those temporarily trapped HFs in the Swissy – our sincere lulz.<br /><br />If defaults are considered, then firstly default swaps need to be taken count off / given that they hedge zero x/ept the EURUSD, otherwise there's way too much room for a 'nother frickin' “policy mistake”. That’s what DGUF stuff is made of. <br /><br />Policy mistakes…<br /><br />If not, well then… <br /><br />… Just buy the freaking dip. <br />Or silver. Of BofA bondzzz (aka the Bonnie Mae out of J hole bet).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17663958081614783612011-08-23T16:45:25.916+01:002011-08-23T16:45:25.916+01:00LB is generally not that bearish equities, but at ...LB is generally not that bearish equities, but at the same time we think it might pay to take some risk off if we get a Jackson Hole Bernanke rally/short squeeze this week. Sell hope, buy despair.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-68164366190176689462011-08-23T16:12:38.840+01:002011-08-23T16:12:38.840+01:00BoJ easing ahead indicated by tighter spreads?:
...BoJ easing ahead indicated by tighter spreads?:<br /><br /><a href="http://www.bloomberg.com/news/2011-08-22/spread-dropping-to-nine-month-low-signals-more-easing-by-boj-japan-credit.html" rel="nofollow"> BoJ to Ease? </a><br /><br />I see the Anons have kept the blog busy and readers entertained with intellectual stuff like: "Gold ROOLZ", "Stox BLOW" and "Anything LB says SUXX". That's the kind of quality contribution we enjoy from you, chaps, keep it coming.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-18715933344752951082011-08-23T14:02:00.236+01:002011-08-23T14:02:00.236+01:003 negative chf libor submissions3 negative chf libor submissionsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-36970612974049702902011-08-23T10:48:59.950+01:002011-08-23T10:48:59.950+01:00Mpettis: China halting, food price rise, Germans s...Mpettis: China halting, food price rise, Germans shooting their export foot off & rising trade protectionism... <br /><br />nice, n'est-ce pas?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-4628855627158225352011-08-23T10:35:24.805+01:002011-08-23T10:35:24.805+01:00Is there macro trader out there that can straighte...Is there macro trader out there that can straighten this one out.<br /><br />Did Asia(today) just give us the tell that we should all be playing catch to the EU-GU , which really haven't moved anyway, any sure enough they've caught a hurry up now.....whats in the tell? is it the forthcoming Jacko? is there circular bids\offer in play now - Asia going to be the drone?.....so global growth comes to a standstill and biding up the EU-GU is going to help? yeah its all relative I know but, it always depends at what level you begin, doesn't?<br /><br />Anyway, if BB doesn't slap a survivor sticker on wall street for while I'm taking my ball and bat and heading off to the track for the rest of the year.....its going to be a mess.<br /><br />OUTWIT\OUTPLAY\OUTLASTAmbointhehousenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-35487607420818157492011-08-23T00:07:55.639+01:002011-08-23T00:07:55.639+01:00NOT shorting silver I hope? LB was right, after al...NOT shorting silver I hope? LB was right, after all... just not oobout that WTI Top.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11974511836011373232011-08-22T23:52:53.925+01:002011-08-22T23:52:53.925+01:00any 1 breathing out there? where have all the LBs ...any 1 breathing out there? where have all the LBs gone? farmin ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-34305741188411416052011-08-20T05:50:29.531+01:002011-08-20T05:50:29.531+01:00LB, TMMs etc etc hope you guys didn't get marg...LB, TMMs etc etc hope you guys didn't get margin calls going long equities till opex, all the anons were too busy settling our profitable shorts; if you haven't received that margin call that's ok, just stick around another week, Ben might get instruction from squiddies and dud to jerk you a bit more at jackson whore next week with a pre-pre-pre qe3 announcement. have fun boozingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-89947179585163468472011-08-19T20:18:24.596+01:002011-08-19T20:18:24.596+01:00C fom C
says' the lack of any notable cover bu...C fom C<br />says' the lack of any notable cover buying after such a strong down week is unusual and not a good sign for next weeks opening so perhaps our anon with the "beatings" may proved to be right on this occasion. I adapt ;)<br />always when the doggy does not barkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-48365411850411266932011-08-19T19:48:52.650+01:002011-08-19T19:48:52.650+01:00Margin hikes ahead, from the site that shall not b...Margin hikes ahead, from the site that shall not be named but is loved by anons....<br /><br /><a href="http://www.zerohedge.com/news/interactive-brokers-warns-gold-margin-hike-imminent-cme-next" rel="nofollow"> Margin Hikes Imminent </a><br /><br />Where did the anons go...?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-77744527928436854702011-08-19T19:33:44.071+01:002011-08-19T19:33:44.071+01:00Sign of the times, ECB Stark forced to come out an...Sign of the times, ECB Stark forced to come out and explain that the ECB is not a "bad bank." No really, fellows, we're a *good* bank.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-38132290464924512262011-08-19T18:26:29.272+01:002011-08-19T18:26:29.272+01:00C fom C'
Also goes hmmm..
Whilst I can envisa...C fom C' <br />Also goes hmmm..<br />Whilst I can envisage a world where banking shrinks back in terms of it's role and position size within our economy there are limits to such an image.<br />It is not for nothing that the stock rotational model established since time immemorial postion banking at the very outset of expansionary phases. I leave you to draw the next conclusion for yourselves, but bear in mind that any company that relies on the expansionary cycle taking place,be it Apple or any company,requires that the fuel be in place and of sufficient quantity. Let's reduce this for the sake of the Anons ,people don't just roll up and buy Apple equipment with a pocketful of dosh...typically they require someone to loan them a substantial part of the purchase hence they need what?<br /><br />I don't know about "beatings" ,the language choice always amuses me.<br />Far as I am concerned what we have is a radical relaignment of price and growth into a lower where we have established a capitulation low and bounce high and this range is in place. If it can be held sufficiently long and IF the bearded one finds some additional fuel then all I will say is do not be his do not be short in this lower range.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-34609760215423571932011-08-19T17:59:44.488+01:002011-08-19T17:59:44.488+01:00LB is sure nothing escapes the gloating anons.
&q...LB is sure nothing escapes the gloating anons.<br /><br />"Technology company Apple is now worth as much as the 32 biggest euro zone banks.<br /><br />That's the stark result from a steep fall in the share price of banks including Spain's Santander, France's BNP Paribas, Germany's Deutsche Bank and Italy's Unicredit, compared to a steady rise in Apple's valuation, according to Thomson Reuters data.<br /><br />Earlier on Friday the DJ STOXX euro zone banks index fell 4 percent, valuing its 32 members at $340 billion. In contrast, Apple's market capitalization has soared to $340 billion.<br /><br />AAPL/ALL BANK ratio = 1.<br />Gold/Oil ratio approaching 25.<br /><br />Things that make you go... hmmmmLeftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-19293825477628948522011-08-19T15:52:11.003+01:002011-08-19T15:52:11.003+01:00I wonder to myself
It really can't possibly h...I wonder to myself<br /><br />It really can't possibly have escaped the gloating Anons that beyond the Eurobank noise, the likes of DVY, NLY, XLU and other usual suspects have actually held relatively well this week, can it?Dublin Dundee Humbersidenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-27950036405935678552011-08-19T15:28:49.171+01:002011-08-19T15:28:49.171+01:00The beatings will continue until morale improves.....The beatings will continue until morale improves...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-14034560166558696202011-08-19T15:09:01.278+01:002011-08-19T15:09:01.278+01:00'C frm C'
says i think your yield should b...'C frm C'<br />says i think your yield should be safe for awhile as long as the Eurocrats can stay silent. Anyway today should be mainly about banking short covering profit going into the weekend then we get game back on next week when the next economic data has a chance to keep that fear factor humming.<br />However with the Feddy one back end of the week my best guess is pause in events until the bearded one has pronounced on the juice machine.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-28262462866486686212011-08-19T14:51:03.064+01:002011-08-19T14:51:03.064+01:00It's always a delight to hear from the various...It's always a delight to hear from the various anons, and I thank them for their concerns over my well-being. Quite why I have been chosen to meet the fate of Sir William Wallace has eluded me. <br /><br />In any case, I trust that we will hear from them just as frequently at a later date, perhaps during a week when gold is falling $50/day. I am sure that will be the case. <br /><br />We will be back later with another edition of YieldWatch™, not expecting too many changes in the yield on the yellow metal...Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-81417320981403803652011-08-19T10:37:27.046+01:002011-08-19T10:37:27.046+01:00just remember, yield hunters:
"they cant be ...just remember, yield hunters:<br /><br />"they cant be all weak"<br /><br /><br />LOLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11238222012121222402011-08-19T10:13:13.014+01:002011-08-19T10:13:13.014+01:00Well, the "LB Potshot" indicator has cer...Well, the "LB Potshot" indicator has certainly gone off again and I am wondering whether there is a short/twine flush out coming soon. Certainly, gold is looking a bit like Icarus at the moment. <br /><br />Yet, I must say that 'C from C's advice to keep cash in anticipation of further pain seems the best stance at the moment rather than trying to bottom pick. <br /><br />The OECD is headed for a recession in my opinion and fiscal bullets are gone so it might get more painful yet, but 2008 ... no, I dont think so. Of course, if a European bank suddenly fails ... well <br /><br />ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-34452794230632750992011-08-19T06:39:27.082+01:002011-08-19T06:39:27.082+01:00'C from C'
Anon,
I take grave exception to...'C from C'<br />Anon,<br />I take grave exception to your snide ,purious ,nay I say borderline disrectful remarks.It is only a question of time until we recolonise you and you find yourself back out in the field behind a polughshare once again as genetic superiority once again makes it's presence felt. Be sure we shall leniency howver even though you may a be lower fit only for poaching and shooting of our royal stags.<br />Furthermore only I 'C from C' may take potshots at LB as onyl I know that one from Cheltenham sould be allowed to hang,draw and quarter a scouser ;)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69016470702733655862011-08-19T05:51:39.617+01:002011-08-19T05:51:39.617+01:00Well I QE-junkies are back, disguised as macro sag...Well I QE-junkies are back, disguised as macro sages, claiming to be more savvy than Soros, sharper than Rosie, more insightful than Pimco's gross, AND calling the bottom weeks ahead of god himself. I love the brits, they give and give, never learnt anythingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22834573463558888652011-08-18T21:33:05.161+01:002011-08-18T21:33:05.161+01:00That Philly Fed number was so bad it feels like th...That Philly Fed number was so bad it feels like they accidentally put the decimal in the wrong place. <br /><br />I surprised at how sentiment is holding up, buy-dip mentality is alive and well and so I doesn't feel like a bottom. Perhaps too many remember not buyiing the dip last August and missing out.Nichttps://www.blogger.com/profile/15083151714732237616noreply@blogger.com