Archive - 2012 - Blog entry

Will 24bln more 10yr notes be enough to satisfy this Risk Off demand?  Enquiring minds want to know...

How's this for a Harry Potter-like Incantation? Margin up magic, go short math! Believe Germany will escape unscathed, prepare to take a bath!

A hallmark of Obama’s second term will be wide scale mortgage debt relief.

This shit is...

Rampant Evidence of Electronic Vote Tampering

 Markets have found a good excuse to be on hold. Elections. No real US figures and a tendency to ignore European ones. No shoe dropping means upside, a little. Core EGBs rather firm nevertheless, for choice. Periphery, in absence of news, trading back and forth, so better today. EZ Q4 growth looks like stalling with a catch-up of a more lenient summer. More to come.
"Elected " (Bunds 1,43% +1; Spain 5,64% -9; Stoxx 2513 +0.5%; EUR 1,281)

For certain, no matter who wins today, Europe’s a complete disaster. Greece is once again out of money and will need someone (though at this point it’s not clear who is willing to pony up the cash) to foot the bill. Elsewhere, Spain continues to lurch to a full-scale collapse. 

Rochdale Securities executes a trade levered at 294x its capital base, in direct contradiction to BoomBustBlog research & FINRA arrives with a fire hose to wet the smoldering ashes.

Summary of forces to be concerned about in the US Treasury market today.  Expect a battle with large amounts of paper trading hands in the next couple days.

Here’s a breakdown of gold and silver performance by political party for the last 5 US Presidential terms.

Life imitates math.

The yakuza scandal didn’t help.

Even If You Are Boycotting the Presidential Election, Vote Yes on Proposition 37 ... Unless You Are Against Freedom of Choice

Today doesn't matter. Tomorrow won't matter either. 

For all those traders scratching their heads, wondering why the treasury market is rallying in front of the big 01 auctions, this blog post is for you.