chibear Posted July 31, 2003 Report Share Posted July 31, 2003 oh, okay. Filled at 110-17/32 on T-note futures (closed short). I'll watch from the sidelines. There will be lots of black scary headlines about bonds tonight, which may set up some contrarian action soon. I wonder if the mainstream media even reports on bond surges. In any case, this bond action, against the backdrop of recent econ numbers, looks like a rejection of the Roach scenario, at least for now. Stay tuned. Link to comment Share on other sites More sharing options...
soup Posted July 31, 2003 Report Share Posted July 31, 2003 turing to biz news, the dow was up 28 points in quiet listless summer trading. Link to comment Share on other sites More sharing options...
AgentSmith Posted July 31, 2003 Report Share Posted July 31, 2003 Looks like the longs got an old-fashioned Hulk Hogan boot to the head. Can you believe I shorted near the top and am break-even now? Bog. Miller must be soaking up lots of shares. Silly me, I should know better by now and follow the Pile method of Trading. My deep hate for this POS AMZN surfaces. As I write this I see it's just popped up .40 cents in 1 minute...sheesh. AS Link to comment Share on other sites More sharing options...
PileDriver Posted July 31, 2003 Report Share Posted July 31, 2003 just waiting for those damn BPIs to finally break down from their OD on Viagra. Then everything confirms [internal] downtrend. Link to comment Share on other sites More sharing options...
machinehead Posted July 31, 2003 Report Share Posted July 31, 2003 I wonder if the mainstream media even reports on bond surges. RARELY. So when they bother to notice, it's usually an extreme and you can fade them. Link to comment Share on other sites More sharing options...
BartTheBear Posted July 31, 2003 Report Share Posted July 31, 2003 From M. Norman at RMoney.com Between June 1980 and May 1981, 10-year note yields went from 9.78% to 14.10%. That's about the same rise percentage-wise, though it took a lot longer. But heck, look at the absolute rate increase. Wow! So you've gained 1.5% now. Big deal. Rates are still low. This same idiot trumpeted a drop in the fed funds from 1.5% to 1.0% as huge, a 33% drop. What a f*cking wise guy. I hate that guy. Link to comment Share on other sites More sharing options...
PileDriver Posted July 31, 2003 Report Share Posted July 31, 2003 http://www.feargreed.com Second paragraph down on left Link to comment Share on other sites More sharing options...
machinehead Posted July 31, 2003 Report Share Posted July 31, 2003 turing to biz news, the dow was up 28 points in quiet listless summer trading. I love that deadpan delivery, soup. It's the key to your stand-up schtick. Link to comment Share on other sites More sharing options...
Crapper John Posted July 31, 2003 Report Share Posted July 31, 2003 Tpark, I just got up close and squinted at your avatar. Until just now, I always that that was a picture of raspberry syrup being poured onto pancakes. Honest. Me too. The maple leaf subliminaly made me think of syrup, maple syrup. Link to comment Share on other sites More sharing options...
FeedFool Posted July 31, 2003 Report Share Posted July 31, 2003 turing to biz news, the dow was up 28 points in quiet listless summer trading. Up 33 points in extremely positive trading session Link to comment Share on other sites More sharing options...
longOnUranus Posted July 31, 2003 Report Share Posted July 31, 2003 I hope the fundies sent the monthlies out before the close (isn't 3:30 their witchng hour)? Who ever said this market was rigged? They got their window dressing, we got our beef intestines hanging in the window. Dead rabbits next. Link to comment Share on other sites More sharing options...
osiris Posted July 31, 2003 Report Share Posted July 31, 2003 bullseatshitndie and who ever posted that quote avbout the 10yr fib ret of 3.82 being 4.51, thatnks for the heads up. Sharp rebound in 10yrs (TYU3) off lows http://www.futuresource.com/charts/charts....e=SMALL&x=0&y=0 and SPU3 can't get above its highs, then rolls over. http://www.futuresource.com/charts/charts....=V&varminutes=5 check the chart action 2:15-2:30 Guy from the Merc on bloomberg Peter Yastrow of MANN i think it was, was just on talking about the yield run-up, and also noting that an asset allocation trade took place as those models move out of equities into some of the higher yield Awhile back on M@market i posted that Art Cashin was saying traders on the floor were looking at the 4.00% level and higher on 10 yrs as a level that could be trouble for equites, well i guess it was 4.51% Link to comment Share on other sites More sharing options...
PileDriver Posted July 31, 2003 Report Share Posted July 31, 2003 "the pause that refreshes" Yeah, a ~100% rally retracement Link to comment Share on other sites More sharing options...
roidrage Posted July 31, 2003 Report Share Posted July 31, 2003 From M. Norman at RMoney.com Between June 1980 and May 1981, 10-year note yields went from 9.78% to 14.10%. That's about the same rise percentage-wise, though it took a lot longer. But heck, look at the absolute rate increase. Wow! So you've gained 1.5% now. Big deal. Rates are still low. This same idiot trumpeted a drop in the fed funds from 1.5% to 1.0% as huge, a 33% drop. What a f*cking wise guy. The "heavy users" of credit are spread traders. These percentages are real to them. That's the margin in their business. What would you have done in your restaurant if your spread was cut in half? You make less money, and hope that half of your competition will go out of business. Coin toss. oops. scottcardiff - now i get which part is the wiseguy and which part is you. he is an ijit. Link to comment Share on other sites More sharing options...
BartTheBear Posted July 31, 2003 Report Share Posted July 31, 2003 Just like those criminals to bring down and park it right at support. Link to comment Share on other sites More sharing options...
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