Yes, I added to FTK, reducing my basis to $2.08.
With a short position of more than 20% and U.S. rig count through the roof, coupled with 25% sequential growth, I like my chances.
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Joined Nov 10, 2007
23,436 Blog Posts
FTK sounds like the acronym for something dirty and/or ethnic slur-y.
Why don’t they benefit from the free money?
They Have!!
Without the free money, they would be bankrupt. Free money for all. X-Mas all the time. Santa Claus lives!!
Remember… You said you won’t sell until it hit 3.00 — Holding on to this crap with you. so don’t bail out on me.
QE 2in’
“Accomodation maybe appropriate before long.” Are they what, some fucking lawyers?
VXX is the worst financial instrument ever created.
Well, it’s like a dildo. It can deliver heavenly pleasure, but will fuck you if used improperly.
I am dressing up as VXX for Halloween.
OK HERE is my take of the minutes….do you know the only discussion on ROW is buried on page 5…I will post it. THEY have no idea or concern what they are doing with the other currencies. Do you notice there is no language about China slowing and the effect it will have on global markets. Reading the language, my take away is that they believe Japan can handle itself and will just intervene everytime there is an imbalance and that will fix everything…I wish Fed members had F/X currency trading experience…ANYWAY, IMHO I think they are starting to get the shock of their lives when they find out that they can’t just focus in on USA economic data…I sensed that in Yellen’s speech yesterday…because the Fed is probably confused why USD/JPY is at 81.7450 after Japan Intervened after these minutes, and Emerg Countries are going protectionist on their F/X…they should delay making any QE calls until after IMF sorts it all out…it reads like a city council meeting you know…anyway, as I say, show me someones analysis and I will show you the person, and these guys,,,ahhhh missing a lot…explains why this method of analysis misses so many bubbles..”In foreign markets, concerns about the global econom-
ic outlook prompted substantial drops in equity prices and benchmark sovereign bond yields in many coun-
tries in August, and the dollar appreciated broadly on safe-haven demands. In September, however, as better economic news led to some improvement in investor sentiment, equity prices and bond yields moved back up, and the dollar retraced its earlier appreciation.
Yield spreads relative to German bunds on the 10-year sovereign bonds of Greece, Ireland, and Portugal widened to near-record levels over the period. Moreover, euro-area bank stock prices fell on continued concerns about the condition of some troubled institutions.
With the yen at a 15-year high against the dollar in nominal terms, Japan’s Ministry of Finance intervened in currency markets on September 15 to buy dollars against yen, and the Bank of Japan (BOJ) noted that it would continue to provide ample liquidity. In reaction, the yen depreciated about 3 percent against the dollar, essentially reversing its rise over the preceding part of the intermeeting period. The European Central Bank (ECB) said that it would continue to provide term li-
quidity by offering several more full-allotment threemonth refinancing operations through the end of the year. In contrast to the continued accommodative stance of the ECB and the BOJ, the Bank of Canada increased its target for the overnight rate by 25 basis points to 1 percent, its third hike since June. Several other central banks tightened monetary policy over the
intermeeting period, including those of Chile, India, Indonesia, Sweden, and Thailand.”
How much money have you lost in the last 7 weeks waiting for the inevitable “crash”?
Po…enough…but I need to learn all of this…this Copper Bubble keeps repeating itself and I need to get a true handle on it. IMHO everyone and their dog is just waiting on a trigger to sell…with BOT’s being the largest Trigger holders, it could really happen so fast…
Why do commodities rally? In my world the causation goes like this: there’s demand (actual or expected) from industrials, because they see possibility to increase sales due to better market outlook, and/or have already pre-booked some orders in their portfolio and thus need to hedge material prices beforehand. And commodities are costly to warehouse, if there’s no real consumption from the end users. Is there really such a strong end-users’ demand as in 2007-2008 to justify prices? I didn’t look into figures (so, maybe in real terms they’re still cheap), and so maybe wrong to ask the question to this rally. Anyone?
Reading meanwhile “Sway: The Irresistible Pull of Irrational Behaviour”…
Drummerboy, China is having another bond auction, they announced it on Friday. The actual supply and true demand, taking out specultation is a bubble…it’s like trying to explain why everyone needs three houses in 2007…Govts are holding onto gold, it appears that is why Gold rallies go so long….Last night Spot Iron Ore china/india surged up…not much demand but the dealers knew that anyone caught short supply would have to pay up…but how long can that play out…not seeing the demand at all vs just a few months ago….note the upping of reserves out of china banks too yesterday.
hey TN, doesnt it seem suspect that the chinese unloaded 58 bill in treasuries just recently. and our market is having a wild bull stampede. damn it. something isnt right here. and gold going parabolic along with equities. the corelations seem out of sync.
It’s not gold that’s outta whack.
OMG!! You know China is releasing trade balance data tonight…that run up in Shanghai Comp last night could be a leak, they do that..
LOL @ Dayman
I diasgree, UNG is the worst net worth sucking instrument. She does not even swallow. Screw you T.Boone
I would drink your milkshake, but I already have. Go fuck yourself with a golf club.
That wasn’t my milkshake you were drinking. Although I did just QE2 in your face. My bad
QE2. Even good for the skin.
Added to TBT buy this morning, as I said yesterday. +2.25% from first order.