Sunday, October 30, 2011
10/30/11 'Cause that's minus
The fall of 1974. A group of us drove to Madison, Wisconsin for the first Asian-American conference. I fell in love with at least 2 of the girls from Michigan. This was after falling in love with 2 girls at an OCA (Organization of Chinese Americans) summer camp in Delaware in August. To be twenty years old in 1974- you can't buy that kind of high with drugs.
Subscribe to:
Post Comments (Atom)
With all the temblors in the news this week, is anyone buying earthquake insurance? We're considering it.
ReplyDeleteNikkei rockets +74 points on a dime in the past few minutes.
ReplyDeleteYeah, what's up with the Yen though?
ReplyDeleteCP just mentioned the YEN. Maybe a good time to look at YCS. They had a major natural disaster for crying out loud. how can this currency be sooooo strong? I guess I would only play YCS with calls and a small position at that.
ReplyDeleteGeneral Market Questions
I don't know why the Euro is so strong either. Its a big deal for the banksters to create products, like CDS's, and then find out they are almost worthless. I wonder if the banks saw that coming and wanted to make sure they were just short the swaps? Why are companies holding on to so much cash? Is China really doing everything right? From my weekend readings/tv watching, it seems that the pro's were caught by surprise on the market rally too. We may not get the same pop for the next bailout but I'm going to look at very short term strangles on the SPY and I'll post it when I'm thinking about it for comments. I was just thinking about how cheap the FCX calls were, $.17 before the rally and $1.80 or so after wards That's a petty good risk reward.
WASH SALES - really, does anyone besides the retail investor get impacted by these?
REAL ESTATE - I'm was told by my nephew and by one of our accountants at work (MLP's have pretty good accountants) if you buy rental property and it's not your full time job, you can only deduct passive losses if your AGI is below $150,000 and its only partial losses between AGI $100,000 to $150,000. In a way it's very similar to wash sales.
maybe more later, time to put the kids to bed
CP you are a STUD. You did call that YEN intervention before it happened right?
ReplyDeleteI'm sure one of my favorites have written about the yen. I need a refresher on why its so strong.
I think the BOJ would have hope for a bigger immediate reaction. Peeps will probably look at this as a buying opp.
ReplyDeletePort - I was expecting Japan to intervene last Wednesday and they didn't, guess I was early... ;(
ReplyDeleteAnyway, it's the great currency race to the bottom. Come to think of it, wasn't it just a few months back on a Sunday when BOJ last intervened?
ReplyDeleteSunday seems to be the day. It really can never stick though, right? I guess unless they print silly.
ReplyDeleteHolly Cow! When did Lou Dobbs become a zombie? Yikes!!
ReplyDeleteport - we got the eco boost option on our ford...supposed to get 30 mph on hwy but its more like 24...still ok.
ReplyDelete2nd - i was thhinking abt thhis...the worst think that can happen sometimes with making mkt calls is being right. then it effs with ur ability to think rationally
"It really can never stick though, right?"
ReplyDeleteThat's what everyone thinks, but these interventions seem to be coming with frequency.
And I was under the impression a weaker Yen was good for the US equities market, but there were so many other things going on in Europe, the most recent BOJ intervention was lost in the noise? I may have to reexamine that dynamic...
TOF - The only correct way to measure your mileage is empirically, there's too much offset error in those sensors feeding data to the computer.
ReplyDeleteThen once you've determined the offset there may be a calibration procedure?
YEN - absent anything else I think it just presents a short term buying opp. Nothing else is going on right?
ReplyDeletelooks like the EUR/USD is getting smacked too.
ReplyDelete2nd - FANTASTIC CALL on Friday.
"Nothing else is going on right?"
ReplyDeleteI bet we hear a lot about how Europe's problems are far from solved?
Makes me think about gold more. With GLD closing at $169.62 on Friday, the Jan13 170 strike calls went out at 21.40 / 21.85 and it shows 28.9% implied volatility in Think Or Swim.
ReplyDeleteOn Sep 23, after GLD had been dropping for a few days, it closed at 159.80 and the JAN13 strike calls wen out at 22.75 / 23.65 with implied vol at 31.59%.
I should figure out what factors Think Or Swim is using to calculate implied volatility. At this point I'm just counting on them being consistent so I'm really just looking for relative vol.
The attached GLD chart is just as bullish as you can get to me. It's just a nice steady uptrend that we all know will end someday. It looks like a buy to me and I would hope for a pullback to around the 155 level or so. At that level the Jan13 155 strike's should be around $22.50. I'm assuming that the volatility doesn't go up as much with a shallower pullback. Then I think putting on a David trade might be in order. Wait for it to start rallying again before buying. What I always have a hard time figuring out is how to place a good stop on options.
http://www.screencast.com/t/BvrXQBtYrY
Hopefully I'll get a chance to close out my underwater FXE puts and just hang on to the MHT's puts.
later
port2013 -- have you looked at Toyota Highlander Hybrid? It makes about 26 mpg city/highway (based on people's real accounts) and has an option of 3rd row seats.
ReplyDeleteGiven that futures are very negative now, I am lowering my buy limit order for 10 December $7.50 calls on AUMN to $0.75.
ReplyDeletenew post
ReplyDeleteRed sky in morning, sailor's warning...
ReplyDelete