I am convinced if it weren’t for David Tepper and a slew of copycat hedge funds, TLT would be higher today. It makes zero sense to see commodities get crushed, the dollar soar higher, yet treasuries lower. In all of the history in all of the world, this has never ever happened…ever.
The country in which the bonds are located cannot have a surging currency, whilst deflationary pressures are present in the form of tanking commodity prices, and also have its yields go up. Fuck you very much Mr. Tepper, I hope there aren’t any sales at the mall today.
Deflation. Let’s talk about it.
Corn, wheat and sugar are down 20% over the past 3 months. Natural gas, cotton and oil and down 16%, 13% and 12% respectively–over the past 3 months. Gas, timber, silver and gold are lower too. The only commodities that have risen, markedly, is cattle, palladium and coffee, none of which could be considered harbingers of inflationary doom.
No, I am digging my heals in here, awaiting an awful tape–one that rewards, not punishes, those who smartly went long treasuries and utilities, god damn it.
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If it’s never different, how come it always seems different?
why is the moon round
we are going lower into the fed meeting next week….fed will probably not change rate language then we go higher again.
BOOK IT.
where do I book it?
Keep it in the ledger.
VIX up over a point and into the 14’s. while 14 used to be business as usual, that’s a lot of fear these days.
Here’s to buying someone’s liquidation next week. Cheers.
I am going down with the tlt ship with you. I agree with your thesis yet price is proving me wrong
^^ Fully leveraged.
Yes, the earth is flat and the following proves it.
North Korea has landed a man on the sun. He was back in time for dinner.
http://www.spiritscienceandmetaphysics.com/north-korea-lands-first-ever-man-on-the-sun-confirms-central-news-agency/
Fly –
Other than the Vanderbilt books, what good ones have you read this year?
Einstein’s biography
Negative yields are cropping up
devil’s advocate says,…. http://www.zerohedge.com/news/2014-09-12/what-if-easy-money-now-bear-side
reading zerohedge always makes me wanna go invest in 9mm ammunition..
+1
perhaps deflation is priced into bonds after the year long rally
Sale isn’t taking shit from anyone today +3.24% now. GOGO looks ripe for a move higher into the close. We shall see.
Did it ever make sense?
Maybe you should buy PAL (on margin, of course)
I’m with you, Monsieur Le Fly. Got short calls on TBT.
I’ll post the DIAPER chart for demographics Part ii
(actually the main part)
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140909_diapers.jpg
March 2004-May 2004 as 1st hike approached…
TY1 (TLT) — 117->108
Gold 395 –> 345
SPX 1140–>1090
Euro 1.23–>1.18
VIX 14–>19
Even $pall is following suit now.
When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove me from that service? Thanks a lot!|