Selling Dec DAX 6090 to open short
It appears that central bank intervention was not the only thing in full force today: The US version of the Chinese Ministry of Truth in economic reporting has now officially […]
The Fed has just bailed out the world once again: FED, ECB, BOJ, BOE, SNB, BANK OF CANADA LOWER SWAP RATES – BBG ECB, FED other major central bank to lower […]
We are rolling our Dec Short Treasury to March here: new cost basis 141’05
China has already forgotten its close encounter with inflation as recent as a few months ago leading to riots and is instead far more concerned with the collapsing housing market. As […]
Credit markets are deteriorating with financials the notable laggards and yet equities in US and Europe are beating to their own ‘Birinyi’ drum. European sub financials are the worst performers, […]
We feel copper has not taken the lead in this rally and are selling our HGZ11 established at 3.22o here @ 3.3580.
Current Conditions: Bond yields are at ’09 crisis lows while equity markets are well above those lows. One of these markets is wrong. History has been on the side […]
Things getting ugly fast. IRANIAN PROTESTERS THROW PETROL BOMBS INSIDE BRITISH EMBASSY COMPOUND IN TEHRAN, ONE SMALL BUILDING SET ON FIRE -STATE BROADCASTER IRIB – RTRS IRANIAN PROTESTER ENTERS U.K. […]
Yesterday, the ECB had to sterilize €203.5 billion in cumulative bond purchases. Instead, it only got bids for €194.2 billion from a paltry 85 bidders. This means that for the […]
US Bond yields are at or below ‘o8-’09 crisis levels while Equity markets remain well above ’09 lows. One of these markets has it right, guess which one.
7) The living shall not be beholden to the dead. When an individual person dies with debts, what can be collected from their remaining assets is collected and the rest […]
3 month EUR/USD basis swap not only did not improve but has continued to deteriorate, dropping 1.9 bps to -148, the worst since October 10, 2008. What is ironic is […]
Current Conditions: The La Stampa rumor that the IMF would bail out Italy has come and gone, roundly refuted by none other than the IMF as expected, […]
Sunday, November 27, 2011 Current Conditions: Sometimes they do ring a bell! The S&P 500 fell 4.7% closing at 1158.67 the lowest level since October 7th. It seems to […]
So reassuring to know that we are being led by such an insightful intellect!
Russian president Dmitry Medvedev: in response to what the Russian believes is an active incursion and a potential act of eventual aggression on behalf of NATO countries in Eastern Europe […]
“The U.S. Embassy in Damascus urged its citizens in Syria to depart “immediately,” and Turkey’s foreign ministry urged Turkish pilgrims to opt for flights to return home from Saudi Arabia […]
Eur-USD Basis Swap Approaching Critical
After a horrible German Bund auction where cab they go now?
No, not that Sarkozy. His half-brother – the one who actually can use a calculator. In an interview on CNBC, the Carlyle group head had the temerity to tell the truth, the […]
Tired Of Hearing That Equities Are Cheap when compared to “other”assets. Maybe the “other” assets, UST Bonds are insanely expensive!
China Flash PMI @ 32 Month Low
Not really a sign of economic strength!
When discussing European sovereign bond purchases it is never polite to say the ECB “monetizes” when talking to “very serious people” – after all they “sterilize”, or in other words, […]
Supper Committee Fails, total political dysfunction. Facing eventual insolvency on the current fiscal path the US political system fails and the reaction is for UST to rally!!!!.
Saturday, November 12, 2011 As European Banks find that they are unable to borrow to fund their expenditures and roll their debt with out relying on ECB funding, equity markets […]
In an attempt to avoid margin calls and get the Spanish bund spread below 500bps.
Those who waited for Pivot target to take profits should have taken profits at $102 for a nice $13 profit. Pivotal Trades took profits at $100.10. We will attempt a […]
Things in Europe and here are looking worse so its time for the market to discount QE#
Reach widest levels since December 2008 and indicate an extraordinary USD funding criss
9% Unemployment and $100 crude. October “deflation” , which was make believe in the first place, will be just a memory!
With a $102 fist target we will sell our long DEC CL established @$89 here at $100.10
As per the News Letter, we entered a short position last night on USZ11 @141’16
Even after Berlusconi and the installation of Super Mario, Italian 5 year yields spike on a crummy auction ending overnight celebration in equity markets.
Saturday, November 12, 2011 As we write the Prime Minister of Italy Silvio Berlusconi has resigned. Mario Monti will now try to implement the package of economic reforms approved on […]
Italian vs Bund French vs Bund
French Bund spreads cross 147 basis points.
The Chinese 2s-10s has inverted for the first time. This inversion usually predicts slowing growth. The last growing ecomomy going to neutral.
Berlusconi will resign after the austerity laws are approved. Translation he will be PM for life.
No ECB Buying yet!