Friday, March 9, 2007
More Barfaroo on Bubblevision
I just grabbed the barf bag again. Bubblevision endlessly talks about the "carry trade" as if the world evolves around the Yen and the "carry trade". What garbage. Sure, we get big swings in some markets & commodities as beefers roll into & out of leveraged plays. That's a problem with having too much money run by beefers. But I see that mainly as swings caused by real events. The leveraged bets of the beefers can make the swings go to silly extremes - those are opportunities if you have correctly interpreted the real events igniting the swings. Carry trade babble is just worthless.
Subscribe to:
Post Comments (Atom)
7 comments:
man breadth is my main tell and u suggest its almost useless. u make some gud points though. stocks under the 40 day went from 80ish to 30 ish, fast. even though im a (cough) perma bear, im getting the feeling we r washed out for now. buying the semis and steels on dips is what im looking at doing.
id love to see a nice opening rinse off the jobs report
I remember hearing that TC2108 (or something like that) crap last fall as signalling a top - it was totally wrong, as I pointed out at the time, for the same reasons I posted today. Of course I was criticized by the head guru. Then all those other "technical" signs of a top in November posted by the head guru. D'uh. Wrong again - by months.
I'll put some long term $$$ to work on a reasonable dip on no real news.
mern, for a superslut like you, those tells might still work intraday as you are trying to be the "barnacle on the ship" as gecko used to say. Or the small mammal on the back of the elephant, as I like to conceive the beefer stampedes. For my style of month trades, they are worthless, imho.
u r right t2108 was between 60 and 80 ish from most of august till yr end.
i cant wait to see what the bls cooked up, and the revisions shud be hilarious.
ROFL
+55k in revisions. they r so dependable
Carry trade worthless? George Soros said today that the unwinding of the carry trade just beginning and that the impact of that just beginning.
Bud, I don't see how that Soros comment helps one make money, even assuming he's correct (and his public pronouncements have a checkered past with respect to direction & timing). Ditto for any "carry trade" babble. So beefer leveraged bets are going wrong. What's important is knowing what triggers the moves, which ones are going bad and what can stop them. Referring to "carry trade" is like blaming it on an angry Zeus.
Post a Comment