tag:blogger.com,1999:blog-34323687.post7890393459498825068..comments2024-03-28T00:23:22.838+00:00Comments on Macro Man: Enough is enoughMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-34323687.post-38137087312199045472008-07-10T08:30:00.000+01:002008-07-10T08:30:00.000+01:00Somethings about to give big time. Tabloid mood is...Somethings about to give big time. Tabloid mood is record bearish. <BR/>Whipsaw on US equities - but Asia didn't follow last night. All these correlations out of sync are indicative of shadows in the alley ahead. A Peckham market. <BR/> <BR/><BR/>So, Standing by for another equity "double screw you up move" baseball bat beating together with a usd rally kicking in the head. The commodity hoodies then pull out their blades and slice up your energy prices. Meanwhile, as you are covering your soft parts, some 12 year old runs off with your nzd shorts. <BR/><BR/> Oh and the authorities are no where to be seen because they are back at base writing up reports on how to tackle inflation crime.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-52987674707043798122008-07-10T06:44:00.000+01:002008-07-10T06:44:00.000+01:00anon 10:31I empathise with your pain, but fortunat...anon 10:31<BR/><BR/>I empathise with your pain, but fortunately, don't feel it ;-). My dilemma is do I "yank the rip cord" around 1225, or do I grow a REALLY big pair, and hang around on the off-chance of a thrilling ride...<BR/><BR/>janAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22998802970168014442008-07-09T22:30:00.000+01:002008-07-09T22:30:00.000+01:00S&P500 Index stood at 1270* monday at sell of time...S&P500 Index stood at 1270* monday at sell of time but still...bad timing!!"#¤Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-56495309079825165492008-07-09T22:23:00.000+01:002008-07-09T22:23:00.000+01:00AAAAAAAAAAHHHH , I share your frustration MM, sold...AAAAAAAAAAHHHH , I share your frustration MM, sold of my SPX shorts Monday, at 1280. <BR/><BR/>Monday; pissed<BR/>Tuesday; happy<BR/>Wednesday; pissed<BR/>Thursday; ??? (probably pissed...)<BR/><BR/>Since I entered at 1398 I should be laughing all the way but it takes some time to let go of the "what if I only kept it/bought it..." syndrome when you kill your darlings...by the time you really should hit it again, you finally dropped the case... <BR/><BR/>I hope for some sort of bounce before soon so I can take it on again before that happens…otherwise, just give me two “worse-than-real-consensus-reports” and I'm entering short again before thinking twice;) !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17590128586304707082008-07-09T20:58:00.000+01:002008-07-09T20:58:00.000+01:00Well, the theory that we'd done enough near-term d...Well, the theory that we'd done enough near-term damage to equities was wrong, wrong, wrong. The nice thing about this business is that when you run money, your P/L tells you if you have got it right or not. Sadly, my P/L is telling me today that I am a sucker.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-28691057924216465652008-07-09T20:49:00.000+01:002008-07-09T20:49:00.000+01:00looks like yesterday was just a kiss of the neckli...looks like yesterday was just a kiss of the neckline for the indexes, b/c they are all back to getting slaughtered.<BR/>Unfortunately I play my equities book strategically from the long side, but I have a portfolio of currencies which (long GBPCHF, AUDUSD, EURUSD, short NZDCHF) has helped me hedge out most of my draw downs in particular stock holdings.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23036633280143808682008-07-09T20:41:00.000+01:002008-07-09T20:41:00.000+01:00Re: RUB as a reserve currency --- I would have tho...Re: RUB as a reserve currency --- I would have thought the lack of property rights might be an impediment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69600323640516718492008-07-09T14:31:00.000+01:002008-07-09T14:31:00.000+01:00re: poll3.(for now) but thats before the US opened...re: poll<BR/><BR/>3.<BR/><BR/>(for now) but thats before the US opened todayspagettihttps://www.blogger.com/profile/12141785799734886089noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-88886231789109633142008-07-09T14:14:00.000+01:002008-07-09T14:14:00.000+01:00Oh, they're still knocking about, though seem happ...Oh, they're still knocking about, though seem happy to buy things on the bid rather than paying offers for the time being. Perhaps they're content to let BOK sell them EUR, JPY, et al....Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82783309992370227412008-07-09T14:12:00.000+01:002008-07-09T14:12:00.000+01:00What is PBoC/SAFE doing now?What is PBoC/SAFE doing now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17787840420021866322008-07-09T13:01:00.000+01:002008-07-09T13:01:00.000+01:00Haven't seen a poll here for a long time....1. Con...Haven't seen a poll here for a long time....<BR/><BR/>1. Continue down<BR/>2. Playable bounce<BR/>3. Head fake bounce<BR/><BR/>or<BR/><BR/>For how long will 'vix spike' appear as a phrase on the wires?<BR/><BR/>1. Three seconds<BR/>2. Until the next commercial break<BR/>3. Til Amy goes to rehab<BR/><BR/>Sheesh!Charles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-71317313585197109432008-07-09T11:31:00.000+01:002008-07-09T11:31:00.000+01:00I had shorted Dax futures at 6800, and covered at ...I had shorted Dax futures at 6800, and covered at 6300. Though "everything" doesn't line up for a bounce, I don't see enough to convince me that the market goes straight down from here.<BR/><BR/>Sometimes you just have to take what the market gives you (my favorite recent gift - selling GBP/USD when it poked its nose above 2.0000 on the first of the month).<BR/><BR/>Russia actually has reduced capital controls quite significantly over the past few years. Obviously, they still have much more work to do if they want to make the ruble a "reserve" currency, but I wouldn't count them out of pursuing something like that, if only for their ego.Anonymousnoreply@blogger.com