FORUMS BROKERS SOFTWARE
Home
 
    Forums > Trading for a Living > Journals > Global Macro Trading for a Living

Old Mar 11th, 2011, 12:36 PM   #73
ralph00
 
 
Join Date: May 2004
Location: Pennsylvania
Posts: 2,278
Quote:
Quote from jj90:

Whether it is an asset bubble or the inflation specter makes no difference, trade what the market is doing. Both lead to higher prices, I don't see what the problem is unless you're short.
Typical comment for the technical, trend-following attitude that makes up 99.8% of the traders on this site, but I think you'll find in this thread and the one that proceeded it that a lot of $ can be made trading against what the market believes.

In fall of 09, the never wrong market was convinced the Fed was going to hike rates multiple times by Dec2010, Mar11, Jun11 ... Some of us thought differently and bought options that paid at 5:1 or greater (depending on when we unloaded them) when the Fed didn't do anything. Better than even NFLX!
    Quote
Old Mar 11th, 2011, 01:42 PM   #74
Daal
 
 
Join Date: Oct 2002
Location: Brazil
Posts: 9,145
Random observation of the day. Groupon doesn't seem to be only a discount advertising sort of company, I bought a teeth whitening treatment and there was so many people on it I could only set an appointment for more than a month later, meanwhile the company I acquired from could go bankrupt and I would be stuck with a worthless coupon waiting for some kind of recovery out of the bk court

Sometimes Groupon might actually be working as a middle man in some kind of lending transaction. The discounts aren't as big as they appear since you take credit risk, I suspect most companies there would be rated quite low, possibly junk so its something to keep in mind. I wont take something that I dont believe can be readily acquired/used unless the discount is large enough
    Quote
Old Mar 11th, 2011, 01:51 PM   #75
Daal
 
 
Join Date: Oct 2002
Location: Brazil
Posts: 9,145
Matter of fact some companies desperate for a turnaround might use Groupon to raise some quick funds by creating campaigns for large groups of people who can't all use their resources at the same time. I'm sure Groupon will claim they check the company's health before they do it but the truth is they aren't advertising only AAA companies because if they did they wouldn't make any money
    Quote
Old Mar 12th, 2011, 12:04 AM   #76
jj90
 
 
Join Date: Nov 2005
Posts: 498
Quote:
Quote from ralph00:

Typical comment for the technical, trend-following attitude that makes up 99.8% of the traders on this site, but I think you'll find in this thread and the one that proceeded it that a lot of $ can be made trading against what the market believes.

In fall of 09, the never wrong market was convinced the Fed was going to hike rates multiple times by Dec2010, Mar11, Jun11 ... Some of us thought differently and bought options that paid at 5:1 or greater (depending on when we unloaded them) when the Fed didn't do anything. Better than even NFLX!
True, and I don't disagree with you here. Seems you have a gripe here though?
    Quote
Old Mar 12th, 2011, 06:07 AM   #77
Daal
 
 
Join Date: Oct 2002
Location: Brazil
Posts: 9,145
Bloomberg:
"Lower Greek Rates

Leaders made a provisional agreement to lower Greeceā€™s interest rates of about 5 percent for aid by 100 basis points, and extend the repayment period of the loans to 7 1/2 years from three years.

Greek Prime Minister George Papandreou said the moves would save about 6 billion euros over the life of the loans."

Fiscal transfers instead of reestructuring
    Quote
Old Mar 14th, 2011, 06:55 AM   #78
ralph00
 
 
Join Date: May 2004
Location: Pennsylvania
Posts: 2,278
Hugh Hendry is famously long CDS on many Japanese corporate names, included Tokyo Electric. Probably making windfall profits today ...
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
Alpha 7 Trading Academy
Proprietary Trading Education
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider