Wednesday, May 21, 2008

Yes, you all read the "Close call" over and over :

Here is what you need to read. And there is NEVER expected rate hike at the onset of tightening.


``The risks to growth were now thought to be more closely
balanced by the risks to inflation,'' the minutes said.
``Accordingly, the committee felt that it was no longer
appropriate for the statement to emphasize the downside risks to
growth.''

and a this:


``Several members noted that it was unlikely to be appropriate to ease policy in response to information suggesting that the economy was slowing further or even contracting slightly in the near term.''

SO you will ignore the Cry-in-Goldman's-beer request for more pig food handouts, eh? It won't depend on the data coming out of Goldman? Are you afraid of pitchforks?

19 comments:

D said...

After reviewing the 10Q's of LOW and HD the one shining light was pitchfork sales were up 2,000% yoy. and 3,000% mom.

hehe

PCap said...

Time to sell the last of my TLT calls, short some more SPY and get ready for TLT puts...

MTGSPY said...

that seems wise o canadian one. :D

Is TF making you think in a very convoluted manner?

really said...

Or. .

Ultrashort 2x bond funds. 7-10 treasuries or 20year:

http://www.thestreet.com/_yahoo/funds/etf/10415209.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Tickers: PST and TBT

MTGSPY said...

Very informative thanks.

If they have 4x Tsy then our tools are complete because then we can construct butterflies and curve games at will with acceptable leverage.

PCap said...

Really, thanks!

Mtgspy, I have learned a lot from tickerforum crowd... a lot of what to do, and a lot of what not to do (i.e. get married to your thesis).

Greenie said...

I am still long TLT in one of my accounts. TNX 2% is what I see in front of me.

MTGSPY said...

That is true wisdom Greenie.

Blaming is Washington DC pasttime and Ben is sitting pretty in the crosshair. Will payoff at the same time as your CL trade. :D

douche_bag said...

hey MTGSPY I know you on occassion share trading notes with Gentle Ben. Has he sent you any emails like "Im long crude bitch" or some such shit or is he just still short financials

I bet that basterd had huge oil positions. Perhaps he has been holding out on you

MTGSPY said...

Ben MAY be able to hide from me. But he cannot hide from Uncle Sam's auditor. If he had a smelly drop of crude on his portfolio I believe that his next job is ambassador to one of the 2 sq miles Pacific islands.

D said...

Yea, he doesn't have money to justify a blind trust which could be "managed." The other investment options are diversified funds, of which can't be sector styled, and government bonds.

douche_bag said...

it was a joke... i was refering to this

http://mtgspy.blogspot.com/2008/05/have-good-weekend.html

thats it

D said...

I know...just saying.

Nice sporty red douche bag...

Flashy!

:)

douche_bag said...

yes the women love me

thanks

MTGSPY said...

But how do you know I was joking? :)

Ben KNOWS with 100% certainty about what happens to banks who haven't raised money when he shuts the window to do so (by starting a tightening cycle). And he will tell you in private.

D said...

I know someone at the Fed and he has vanguard funds and bonds...disclosures are required on a regular basis.

Bernanke was a professor not the former chairman of GS/HAL.

douche_bag said...

kid i grew up with is at yale
he is PHD cadidate...we chat on occasion...he also teaches undergrad econ

was talking to him about the market and he has little interest...totally blew me away...more interested in talking about dairy consumption in emerging markets

geeesh

D said...

Academics have intellectual curiosities they want to fulfill, speculators want to make money. That is what distinguishes the two.

Bernanke is an academic. Even with insider information, he would likely find a way to get stopped out if he tried a direct short on a financial company.

MTGSPY said...

That is a problem indeed. I am sad to hear the lack of interest on those PhD people of reality.