That means nothing is happening. Sighhhh.
Spring is arriving here on time. Meteorological winter ended on Sunday and the daffodils are perking up, poking their heads up in places with southern exposure.
I'll still reading Empires of the Steppes: A History of Central Asia. The book has 500+ packed pages. I just started on the times of Genghis Khan. He's a fascinating figure and leader who made a remarkable comeback. Reading about how people lived then is a dividend: in the steppes and hunting and fishing in the forests north of the steppes. Their epic tales sound a whole lot like those of the American Indians, being laced with animal metaphors. Perhaps that's no accident, as the ancestors of the American Indians came from that area of Asia.
Obama is still playing Captain Ahab, seeking to take the whole Democratic party down in his lust for his Great White Whale, viz. ObamaCare.
Regulators are looking at beefer attacks on the Euro and at naked credit default swaps. Gosh, such diligence ! It's only 18 months after the Panic of 2008. Does anyone else notice the regulators seem to care only when their own financial status is at stake ? It's obvious they care nothing about the common man.
Markets
I put on the last slug of my put position. When fully in the money, that will make my 1-2-3 Fund 300% short effectively. That's enough, IF I'm right. This might not work ...
Word of the Day
"Longanimity" - noun [$100]
Longanimity means patience, forebearing, long suffering; patient endurance of hardship, injuries or offense; forebearance.
Sentence: (A) Genghis Khan's longanimty as a vassal of Wang-khan let him survive until his forces were strong enough to survive the final betrayal that Wang-khan perpetrated against him. (B) The common American man's longanimity as Racketeer Central continues to feed on his product must soon end in a taxpayer revolt.
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61 comments:
bunk, what stock would you think best takes advantage of the rising price of cotton?
Spin.....check out etf BAL for cotton
good morning Bman !!!!!!
Bman have you ever eaten at a PFChang's? went there last night for the first time in 5years..............spicy chicken.....good
Bman.............i'm confused
do you want credit default swaps outlawed??? that would be a disaster..............not only are the an integral part of risk management..............they also promote price discovery
"price discovery"
ummm do you even know what that means son?
xclnt.....attaboy Mike..thanks big guy....you tell those sons abitches..no Yankees are ever comin to Houston...loool
none. Cotton is an input, a cost. It's price rise hurts clothign producers.
Shorting something that produces cotton goods at low margins would be the play.
Re PFCHang, I think I have - it's good.
bonds were sold in huge amounts for a century or more without credit default swaps. They are not necessary for "price discovery".
I think they "could" have a role IF regualted like an insuracne product.
Meaning no naked buying, and sellers must put up lots of cash collateral to fund the payment upon default.
That will eliminate the cascading default risk tha AIG brought to light.
They are just bucket shop bets now.
banning them is OK with me.
Spin...ROFL you bastard...lol
ROFLLLLLLL
it's all these interlocking trades and instruments like CDS that caused the Panic to be systemic.
that grade of cotton traded in the US is rather crappy, so it's used by T-shirt makers, underwear, eans, etc. Not quality cotton goods.
the problem with the short, though, is one doesn't know if the firm hedged; if they did, might not miss earnings.
sorry for long answer to short Q ... sighhhh
the world is complex.
thanks bunk
lemme try this again
Bman do you think the EU will survive the greek crisis?? do you think greece will leave the EU within 2 years
Bman do you think the Euro will be around 3 years from now ??
yes, EU will survive as long as Germany & France want it to survive. Italy is important, too.
NO, Greece will not leave ... that's less confident, as if enough of its people are stupid, they might.
Yes re Euro - it will survive.
Look, the EU is a very, very weak confederation. Frankly it's no big deal if one or two small nations pull out, just as it's no big deal if one or two small natiosn don't join.
THe EU could even survive UK pulling out.
The EU is more about peace in Europe, and less about economics.
how many times does he have to give you that answer..How can you be so obtuse($7)??
true, spin ...
I think obtuse is a legit $10 word. I looked it up once as its in my card file .. but maybe 35+ years ago.
I gave it $7 cuz thats the price of a movie ticket for Shawshank..Andy Dufrane used it lol
Bman how are you getting short ? e-minis or SPY puts ? or somethin else?
Bunkerman is the sharkfolio an asset class similar to CDS?
SPY puts.
Nope, mfl, it's a portfolio run by an ass.
lmaooooooooooooooooo
MVP MVP MVP
Bunk coming out early with the K-bar
Bunky...yesterday indicated a potential bull trap...remind me to give you the other side today...if your interested that is.
sure I'm interested. This position worries me.
A run to 1200 would screw me.
Sal's hero writing all year that 2010 nono 2009, but the tape sure not sharing that insight...not seeing much difference here...like last year overbought gave rise to the put call ratio, providing tinder to low volume rallies that carried higher resulting in performace chasing.
chinllee and momo back this week yet once again we are seeing the put call increase coming into the triplebitch...sound familiar, Sal's best two weeks ever...crap takes a big lead, spy protection crushed, chase is on..bang, new highs.
could be.
I think news will govern, though. I expect some bad news between now & mid-April.
i don't understand you frosty..............someone is putting cash in my pocket............day after day after day.............i know if he my 'hero'.....or my 'lover'.........or whatever u wanna call it..............it's f'ng awesome !!!
On się kocha w Kubie indeed
alright.......guess i gotta do it again
HEAT
nailed it !!!!!!!!!!!!!!!!!
a sweet buck overnite.......'blip' hit Bman ???
danke vielmals jim !!!!!
uh Sal...we not talking ping pong here forrest...sure a nice game of checkers down at druckers is amsuing, even pays for extra pepperoni on pizza night...Bunky has no desire to trade wine coolers for $500 scotch.
Bud do you puke when you look in the mirror sir?
you know ace..............you really confuse me............amuse me too
you pick and prod......you try to annoy me......irritate me....antagonize me...get under my skin......which is fine.......i can take it
but then when i respond............you claim to either get bored with my response ( 'tedious' 'so predictable' ............or appalled by the vulgarity
f'ng wrestling fag
PS..........how's that for a tedious response ?????
"A long fly ball......David Wright has done it...the Mets win the pennant...the Mets win the pennant"
"Mission accomplished"
$500 scotch bottle...........sweeet
how many of those bottles you got in your collection right now Bman ?? what is the most expensive bottle of scotch you ever bought
me..... johnnie walker blue.........200plus i believe
lmaooooooooooooooooo mission accomplished
i guess i did get a bit too emotional there
lmaooooooo.....handshake sir...lololol
I don't "collect" scotch - I drink it.
I think just a couple $500 bottles.
About eight in the range from Johnny Walker Blue up to the $500 area.
ES H0 better go down............that scotch talk got me thirsty...........i wanna buy a johhnie-blue for the weekend
die market die !!!!!!!
Sal posting and emini trade...forget the extra starch...failed to shine the prowler wheels.
http://www.youtube.com/watch?v=byOzCJauEbw
i know Bman rooting for me on that trade................the rest of you mofo's ???
that's ok............i'm strong.........i ain't gonna let you guys bring me down
loooooo.good luck Helen Reddy..you go girl
I am woman, hear me roar
In numbers too big to ignore
And I know too much to go back an' pretend
'cause I've heard it all before
And I've been down there on the floor
No one's ever gonna keep me down again
CHORUS
Oh yes I am wise
But it's wisdom born of pain
Yes, I've paid the price
But look how much I gained
If I have to, I can do anything
I am strong (strong)
I am invincible (invincible)
I am woman
Fed Beige Book says nine of 12 Fed districts say economic activity improved modestly in February
that should 12 of 12 at this point in recovery.
uh steve liesman nono seeing it that way Bunky...keep it up...fat al goona ask him along next fishin trip.
nope, my tomahawk & woodsman skills are more valuable.
steve liesman...lmaooooo...i hear Bud has a poster of him in his office.....
no way, Bud has a poster of Jim.
and Air Supply
On się kocha w Kubie
lolol
ES H0
nailed it !!!!!!!!!!!!
F'ng nailed it..............wine coolers for everyone.........the 'blip' hits just keep on comin
danke vielmals e-mini boy !!!!!!!!!!!!!!
die MARKET die !!!!!!!!!!!!!!!
lolololol...atta boy big fella!!!
Sal off to see LBJ with jonhny walker in tow...forrest back on the mower...Bunky, better stroke your son...think u owe him an apology.
i wonder how the weather in Hawaii is??
lmaooooooooooooooooooooooooooooo
listen guys..............once or twice a year...........i get ultra-hot........it usually lasts about 2 weeks and ends with a very bad day
i am in the midst of that 2 week period now............i can't do anythin wrong.........if i buy they go up....if i short they go down........if i mistakenly buy too much with an extra 0 or 2 ...they go up even more...............i am on fire......don't fade me right now...........and guys that are rooting against my success..........well........it's gonna be ruff for y'all for awhile
when will it end??........when is Hawaii vacation over ??......march 10th..........yup....that sounds about right
what does Hawaii have to do with stock trading ?
(a real Q)
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