Starting tomorrow, on The PPT, I will launch my 4th tracking index: Risk Appetite.
The components are all sensitive to the whims of credit, some focused on sovereign debt, others hold muni, corp and preferred stock investments. All in all, it will serve as a great way to monitor credit conditions, from a poor man’s real time perspective, without the luxuries of fancified bloomberg terminals spitting out stupid CDS quotes.
For now, this will suffice.
NOTE: Yes, it will be tracked with a fancy chart and composite technical reading, using PPT’s proprietary algorithms.
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FIG
Where does he get all these wonderful toys?
I like this initiative for risk appetite index. It’ll improve significantly the performance of investors, who are not nearly as smart as you are. All I am using for the same purpose is EEM and TLT.
It will just serve as an easy to monitor RED FLAG index.
Maybe it could flash red when it gets over the magic number….the Fly Phone perhaps 😀
Le Fly:
You’re actually giving the poor man a risk appetite index? How awful of you as the sort of thing is only for the rich and wealthy that can afford to have accounts at the white shoe brokerage offices 🙂
If the little guy get a hold of stuff like that, you’re going to make it harder for the rest of us to make money.
Funny that because I was talking to the jakester about that very thing earlier in the week and debating whether the PPT hybrid was actually a form of risk appetite index.
Undoubtedly, others are working on this kind of stuff, for the common dolt. Those standing still, fall behind.
Just kidding master. I have no problem with poor people having nice tools 🙂
Great stuff. Another piece of the puzzle. What I like about the PPT is that it takes into account so many factors, many reflexive. All of which are gently simmered in the stew. With more experience, they can be tweeked to make it better and better. As with high precision tools & how are they made, 1st craft a crude tool, use that make a better tool, use that…
Here’s another one I just happened across/made up today for M&A & maybe other apps. It’s pretty obvious & pretty easy to do – easy for me to say – maybe you’ve already done it. Cross reference all the boards of directors. Create some oooh algorithms – to display the overlap. When the enviroment is ripe, combine that with M&A – type financial data walah {sic] more cool one of a kind chit. What the hell, look these guys up on Linked in & elswhere. See who knows who. Also compare their demographics, whede do they live, golfers, are they on the same boards for charities, etc. ok, I’m board. [sic}
If you haven’t , & use it, ur welcome. Keep up the good work. I’m saving up.
ah yes, the liquidity conundrum
“Yes, it will be tracked with a fancy chart”
charts are for idiots
The ghost of Ed Hart has come back from the netherworld, and is hanging out in the PPT. Welcome back Ed.
Thank you Dr. Fly. You have a satisfied customer for life.
As Ed Hart would say on FNN: “We will only know in the fullness of time.”
R.I.P.
Indeud. Once while commenting on someone’s spin of a pretty bad GDP number he said, ” … and if you put wheels on your Aunt Mabel, you’d have a bus.”
Why don’t we have a chart for the”pump em then Dump em” stocks pushed at Joe Public
by the casinos (brokers), along with a time alert signaling when the dumping starts?
Or a chart of the brokers and banks “Lets run em up for a couple of months” strategy,
followed by “time to short everything – we be gettin’ ready to dump” insiders’ schedule?
That would be REAL meaningful stuff.
Good idea. With the PPT foundation, the possibilities are endless.
SD?
If you ask me…..this looks like the work of the one known as FLY……after all how many sandwiches can one eat?
http://www.youtube.com/watch?v=1SIWiLfKFSk
beep beep boop
This will be my last post on this site. It was fun talking stocks with you guys. The Fly is a genius when it comes to stock trading, there is no doubt of this. He however is not God and money is not everything.
I have made my final trade on the market and will now wait for it to either work or fail. If Phil_from_Brazil reads this, please e-mail me. I think you know who this is.
FIG out!
I guess FIG read the Fly commentary from the other day and decided to resign.
Good luck.
Nah, FIG reminds me of that nihilist on Todd Harrison’s site. Calls himself Mr. Practical I think. He lives in Japan due to some fundamental belief he has about Japan being the safest place to be when the financial system melts down if he is to be believed and Spring of 2009 wrote that he was going to lock hisself (sic) in a bunker and he would not be writing any more articles for MV. Anyways, when it became obvious by April or May that Armageddon did not occur he was back with more fantasies of impending doom.
Or maybe FIG’s promise that this is his last post reminds me of George Soros’ promise to move to a monastery in Europe if GWB won re-election in ’04.
FIG will be back just like Practical and Georgie porgie.
fid
Think he went all in on ES and can do nothing else but eat a sammich and wait for the win or loss …
Maybe he bought Greek Bonds several years ago?
Or perhaps placed a bet on the New York Mets winning the World Series this year?
Rumor has it he will be the new trainer at Sea World …. GL Fig and don’t forget to wash your hands.
Still long VHC
Put a buy in for a little TZA at $9.02.
AIG 4th quarter loss $65.51 per share. What a money toilet. A lot of debt deleveraging to go yet in the world.
FIG don’t do anything rash with your final trade.
His final trade was 25 feet of half-inch rope.
any VXX for your fancy yet fly?
BRAVO !
Took the FAZmobile for a ride a few days ago but all it would do are donuts. It was kind of fun at first but then I got sick and puked on the pleather. I’m done with that for now.
Bought TLT on the 23rd wish I had bought more. Too late for some TMF? Any thoughts?