Ugh......good old CNBC. Yeah this trade just got a lot messier. God that CNBC reporter is such a drama queen. "What if it gets colder in Chicago?" LOL. Chicago's avg Feb temps get into the single digits and teens. Of course it's going to get colder. LOL.
Mav its possible for you to go over the situation in brazil with regards to the economics , be interesting and educational for the thread and myslef and on that note is they any instruments that you trade to best take advantage of the situation and how you would go about creating assymetrical risk to reward through dynamics of acd if possible. Thankyou
I think there is some good value in Brazil. The currency move is not sustainable i.e the BRL is undervalued. Ten year govies are paying 16% yields which equates to 6% in real rates which is 3 times higher then our treasuries. Buying the bonds gives you a decent real return plus the tailwind of a stronger BRL I think in the coming year. Oil is hurting them obviously. There are a few major corporate scandals hitting them similar to the US in the early 2000's. I wouldn't try to pick a bottom here and I don't have ACD levels on their bonds or their currency but the second there is some strength showing, I think there is a very nice trade to be had.
Thankyou mav. you may have to change your name to saint mav of wallstreet . Your making the game look bad mav , its meant to be cut throat.
http://www.elitetrader.com/et/index.php?threads/the-acd-method.170318/page-1046#post-4197715 http://www.elitetrader.com/et/index.php?threads/the-acd-method.170318/page-1039#post-4185028 http://www.elitetrader.com/et/index.php?threads/the-acd-method.170318/page-1036#post-4182459 GBP/JPY.....
LOL Timing is everything re: short GBP/JPY Unless you like taking heat like Rearden... GBP/JPY went UP from ~ 181.00 (28 Sep 2015) to ~ 188.50 (Nov 19) GBP/JPY only started its descent from 188.50 (Nov 19 2015) Sep 23 http://www.elitetrader.com/et/index.php?threads/the-acd-method.170318/page-1036#post-4182459 Sep 28 http://www.elitetrader.com/et/index.php?threads/the-acd-method.170318/page-1039#post-4185028 Oct 22 http://www.elitetrader.com/et/index.php?threads/the-acd-method.170318/page-1046#post-4197715