Another dull day. Up 478. VIX curve went up, but not enough to hurt much. The other stuff did well enough to cover.
1. Why the timing? 2. Its low in the last 20 days is 27.95, in regular hours at least. You have to go back aways before that to get a price that...
The other side of the trade! Groovy. Long GDX as of Friday afternoon at a basis of 23.9096, and plan to hold for probably a year at least, but...
Everyone thinks QE lowers bond rates, but the evidence is pretty obviously the opposite: every episode of QE has seen rising rates, and every time...
Just watched mostly. Initiated a small position in GDX because I'm becoming more convinced with each passing day that commodities are going to go...
Shoulda made more, but the hedges did hold me up a bit. Speaking of which, bought some SDS for tomorrow's NFP, just in case...
Almost didn't on the off chance it might cause some poor ETer to defenestrate, but then figured, nah, they can take it. Another day, another 1k...
Actually, I'm quite old. Let me put it this way: I don't recall, ever, hearing anyone say "I got this xxxxx at a great price at JC Penney." Has...
JCP's always been a dog. Been hearing about how their turnaround is just around the corner seems like my whole life. P&F attached. 3.71 PO. Like...
Good advice. Thx. Looking at that GREK ETF. Might buy some.
US is going through one of its periodic import replacement cycles, in this case energy. Partially as a result of our now cheaper energy, some...
Broken record time. Front of the VIX curve went down, back went up, worst config there is for me. If I hadn't trimmed off some hedges at EOD...
Posting for the record: Jan EOM P/L was -3024.52. Not a bad performance given the awfulness of the month. I try to stay close to a flat...
Satisfied w/performance. Hedges kicked in nicely. VAR had been reduced already before today, reduced more this morning when I saw things start...
@Pawelmorski, @polemitis - for breaking news in the EU and the financial world generally. @FinancialTimes (have a subscription), @BloombergNews,...
I'd like to say that file accurately reflects my day, but it was actually the worst day this year. Add 3k to what you see, and you get what...
P&L reflects a convertible preferred from M&T Bank that got converted today; actual proceeds won't hit for a month. Will have to note when they...
Long term supportive, if this keeps up: Global gold hedging falls to 11-year low
1. The EM's are about, in order: a) South Africa: China's slowdown b) Turkey: Erdogan's an idiot and a fool c) Russia: For Putin, see...
So the mkt did a big turnaround after the big turnaround on Turkey. Didn't ditch my SDS, so not a bad day at all, all things considered. I'll...
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