Wednesday, August 13, 2008

what did I tell u about these pair trades?

Well too f*in bad the theatre is still on fire, doofuses. Thanks for coming back in.

PS: Just thinking out loud here, supposing some time later the fire in the theatre is out, was there any reason to hang around and sit on top of the rubles? Or maybe the real entertainment is you - yes, I can see YOU wearing no pants emulating a gorilla, jumping up and down on all four on top of a pile of blackened rock.

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By Eric Martin
Aug. 13 (Bloomberg) -- U.S. stocks pulled ahead of Brazil,
Russia, India and China this week for the first time in 2008,
spurred by the Federal Reserve's efforts to cut borrowing costs
even as the biggest developing countries are raising theirs.
The CHART OF THE DAY shows the S&P 500's 12 percent loss
this year leaves it ahead of Brazil's Bovespa Index, whose drop
through last week had been the smallest of the five countries.
The U.S. equity benchmark claimed the lead after banks rallied
22 percent and the steepest monthly retreat in commodity prices
sent the Bovespa into a bear market.

``You have the money on the move,'' said Michael Shaoul, chief executive officer of Oscar Gruss & Son Inc., a New York- based brokerage. ``So many people had cut their allocations to the United States that there was nowhere else to go. It's like a fire in an empty theater. If there's no audience, you're not going to find a stampede to the exit.''

2 comments:

gtt said...

http://tinyurl.com/58xjmg

MTGSPY said...

this guy going long FRE/FNM is gonna get wiped out. U watch. I don't get uber bearish lately if I haven't heard something heheheheh,