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October 14, 2008 at 6:59 AM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287326October 14, 2008 at 6:59 AM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287351
stockstradr
ParticipantOK, I’m OUT of all long positions this morning. Sold within the first few minutes, with markets up 3% to 4%.
I’m in cash.
The markets continue to be scary. I remain wary.
October 14, 2008 at 6:59 AM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287357stockstradr
ParticipantOK, I’m OUT of all long positions this morning. Sold within the first few minutes, with markets up 3% to 4%.
I’m in cash.
The markets continue to be scary. I remain wary.
stockstradr
ParticipantI looked closer at this short treasuries play. I don’t like it, not yet. I agree it WAS a smart play when pro’s like Jim Rogers spotted it, which we know was more than a week ago.
Those ProShares short treasury ETF’s already moved up over 10% in the last week. On the charts it looks like they already erased much of the “bubble” and besides, it was the 3-month bills that big investors had driven yields way down on anyway. (ProShares at best lets you short the Lehman Brothers 7-10 Year U.S. Treasury Index. The other ProShares short treasury ETF is short the 20-year treasury index.)
I see inflation dropping to zero or going negative sometime during the next 6-9 months. I mean government inflation, and shadowstats inflation. Take a look at the global commodity indexes.
I see continued economic uncertainty. The dollar stays strong short-term into the recession. Investors keep buying treasuries for the short-term.
I think it at least as likely treasury yields on the 7 to 20 term bills will DROP, as we move deeper into this recession.
I think the time to short those treasuries is at the bottom of this recession, say in 6-9 months.
stockstradr
ParticipantI looked closer at this short treasuries play. I don’t like it, not yet. I agree it WAS a smart play when pro’s like Jim Rogers spotted it, which we know was more than a week ago.
Those ProShares short treasury ETF’s already moved up over 10% in the last week. On the charts it looks like they already erased much of the “bubble” and besides, it was the 3-month bills that big investors had driven yields way down on anyway. (ProShares at best lets you short the Lehman Brothers 7-10 Year U.S. Treasury Index. The other ProShares short treasury ETF is short the 20-year treasury index.)
I see inflation dropping to zero or going negative sometime during the next 6-9 months. I mean government inflation, and shadowstats inflation. Take a look at the global commodity indexes.
I see continued economic uncertainty. The dollar stays strong short-term into the recession. Investors keep buying treasuries for the short-term.
I think it at least as likely treasury yields on the 7 to 20 term bills will DROP, as we move deeper into this recession.
I think the time to short those treasuries is at the bottom of this recession, say in 6-9 months.
stockstradr
ParticipantI looked closer at this short treasuries play. I don’t like it, not yet. I agree it WAS a smart play when pro’s like Jim Rogers spotted it, which we know was more than a week ago.
Those ProShares short treasury ETF’s already moved up over 10% in the last week. On the charts it looks like they already erased much of the “bubble” and besides, it was the 3-month bills that big investors had driven yields way down on anyway. (ProShares at best lets you short the Lehman Brothers 7-10 Year U.S. Treasury Index. The other ProShares short treasury ETF is short the 20-year treasury index.)
I see inflation dropping to zero or going negative sometime during the next 6-9 months. I mean government inflation, and shadowstats inflation. Take a look at the global commodity indexes.
I see continued economic uncertainty. The dollar stays strong short-term into the recession. Investors keep buying treasuries for the short-term.
I think it at least as likely treasury yields on the 7 to 20 term bills will DROP, as we move deeper into this recession.
I think the time to short those treasuries is at the bottom of this recession, say in 6-9 months.
stockstradr
ParticipantI looked closer at this short treasuries play. I don’t like it, not yet. I agree it WAS a smart play when pro’s like Jim Rogers spotted it, which we know was more than a week ago.
Those ProShares short treasury ETF’s already moved up over 10% in the last week. On the charts it looks like they already erased much of the “bubble” and besides, it was the 3-month bills that big investors had driven yields way down on anyway. (ProShares at best lets you short the Lehman Brothers 7-10 Year U.S. Treasury Index. The other ProShares short treasury ETF is short the 20-year treasury index.)
I see inflation dropping to zero or going negative sometime during the next 6-9 months. I mean government inflation, and shadowstats inflation. Take a look at the global commodity indexes.
I see continued economic uncertainty. The dollar stays strong short-term into the recession. Investors keep buying treasuries for the short-term.
I think it at least as likely treasury yields on the 7 to 20 term bills will DROP, as we move deeper into this recession.
I think the time to short those treasuries is at the bottom of this recession, say in 6-9 months.
stockstradr
ParticipantI looked closer at this short treasuries play. I don’t like it, not yet. I agree it WAS a smart play when pro’s like Jim Rogers spotted it, which we know was more than a week ago.
Those ProShares short treasury ETF’s already moved up over 10% in the last week. On the charts it looks like they already erased much of the “bubble” and besides, it was the 3-month bills that big investors had driven yields way down on anyway. (ProShares at best lets you short the Lehman Brothers 7-10 Year U.S. Treasury Index. The other ProShares short treasury ETF is short the 20-year treasury index.)
I see inflation dropping to zero or going negative sometime during the next 6-9 months. I mean government inflation, and shadowstats inflation. Take a look at the global commodity indexes.
I see continued economic uncertainty. The dollar stays strong short-term into the recession. Investors keep buying treasuries for the short-term.
I think it at least as likely treasury yields on the 7 to 20 term bills will DROP, as we move deeper into this recession.
I think the time to short those treasuries is at the bottom of this recession, say in 6-9 months.
stockstradr
ParticipantMy personal bet is on the Yen…
Dui!
Don’t get me started on Chinese, the culture, the people, the currency.
I know plenty of people (usually Asian) who bought their bank CD’s from Chinese banks. The nominal RMB interest rate on those CD’s is low, but when you factor in the RMB<->USD exchange rate movement, then it looks real good.
I got yellow fever and that’s been working real well for me for about ten years. I eat Chinese food about 29 out of 30 days. The only house I own is in China. I married a beautiful Chinese woman from the mainland (and am VERY happily married). I speak quite a bit of Chinese for a white boy. Much of my money is in Chinese banks. I own Chinese stocks. In my USA home I have my wife and her parents so my home is filled with Chinese people; all my ears hear is Mandarin all day long. But I don’t act Chinese. I am who I am.
China IS the future. America is the past.
I believe the exchange rate will be cross 1:1 within ten years, probably within five years.
stockstradr
ParticipantMy personal bet is on the Yen…
Dui!
Don’t get me started on Chinese, the culture, the people, the currency.
I know plenty of people (usually Asian) who bought their bank CD’s from Chinese banks. The nominal RMB interest rate on those CD’s is low, but when you factor in the RMB<->USD exchange rate movement, then it looks real good.
I got yellow fever and that’s been working real well for me for about ten years. I eat Chinese food about 29 out of 30 days. The only house I own is in China. I married a beautiful Chinese woman from the mainland (and am VERY happily married). I speak quite a bit of Chinese for a white boy. Much of my money is in Chinese banks. I own Chinese stocks. In my USA home I have my wife and her parents so my home is filled with Chinese people; all my ears hear is Mandarin all day long. But I don’t act Chinese. I am who I am.
China IS the future. America is the past.
I believe the exchange rate will be cross 1:1 within ten years, probably within five years.
stockstradr
ParticipantMy personal bet is on the Yen…
Dui!
Don’t get me started on Chinese, the culture, the people, the currency.
I know plenty of people (usually Asian) who bought their bank CD’s from Chinese banks. The nominal RMB interest rate on those CD’s is low, but when you factor in the RMB<->USD exchange rate movement, then it looks real good.
I got yellow fever and that’s been working real well for me for about ten years. I eat Chinese food about 29 out of 30 days. The only house I own is in China. I married a beautiful Chinese woman from the mainland (and am VERY happily married). I speak quite a bit of Chinese for a white boy. Much of my money is in Chinese banks. I own Chinese stocks. In my USA home I have my wife and her parents so my home is filled with Chinese people; all my ears hear is Mandarin all day long. But I don’t act Chinese. I am who I am.
China IS the future. America is the past.
I believe the exchange rate will be cross 1:1 within ten years, probably within five years.
stockstradr
ParticipantMy personal bet is on the Yen…
Dui!
Don’t get me started on Chinese, the culture, the people, the currency.
I know plenty of people (usually Asian) who bought their bank CD’s from Chinese banks. The nominal RMB interest rate on those CD’s is low, but when you factor in the RMB<->USD exchange rate movement, then it looks real good.
I got yellow fever and that’s been working real well for me for about ten years. I eat Chinese food about 29 out of 30 days. The only house I own is in China. I married a beautiful Chinese woman from the mainland (and am VERY happily married). I speak quite a bit of Chinese for a white boy. Much of my money is in Chinese banks. I own Chinese stocks. In my USA home I have my wife and her parents so my home is filled with Chinese people; all my ears hear is Mandarin all day long. But I don’t act Chinese. I am who I am.
China IS the future. America is the past.
I believe the exchange rate will be cross 1:1 within ten years, probably within five years.
stockstradr
ParticipantMy personal bet is on the Yen…
Dui!
Don’t get me started on Chinese, the culture, the people, the currency.
I know plenty of people (usually Asian) who bought their bank CD’s from Chinese banks. The nominal RMB interest rate on those CD’s is low, but when you factor in the RMB<->USD exchange rate movement, then it looks real good.
I got yellow fever and that’s been working real well for me for about ten years. I eat Chinese food about 29 out of 30 days. The only house I own is in China. I married a beautiful Chinese woman from the mainland (and am VERY happily married). I speak quite a bit of Chinese for a white boy. Much of my money is in Chinese banks. I own Chinese stocks. In my USA home I have my wife and her parents so my home is filled with Chinese people; all my ears hear is Mandarin all day long. But I don’t act Chinese. I am who I am.
China IS the future. America is the past.
I believe the exchange rate will be cross 1:1 within ten years, probably within five years.
stockstradr
ParticipantI’m glad I’m watching this thread. I’m learning a lot. I don’t know much about US treasuries, much less about shorting them
stockstradr
ParticipantI’m glad I’m watching this thread. I’m learning a lot. I don’t know much about US treasuries, much less about shorting them
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