350zCommtech's Account Talk

[350zCommTech]

Panic in the markets due to Dubai halting payments on a $59B debt?

Surely Bernanke can print that much and send it to Dubai in less than 50ms. Heck, they could probably just pass a hat around on Wall Street and collect as much.

Mondays have been very good lately. If the dollar can stay above 75.5 than maybe we might see the selling continue on Monday. Otherwise, the dollar could give back some, as the market bounces on Monday or this afternoon.

Too bad I can't make a move until Dec.

 

[coolhand]

Panic in the markets due to Dubai halting payments on a $59B debt?

Surely Bernanke can print that much and send it to Dubai in less than 50ms. Heck, they could probably just pass a hat around on Wall Street and collect as much.

Mondays have been very good lately. If the dollar can stay above 75.5 than maybe we might see the selling continue on Monday. Otherwise, the dollar could give back some, as the market bounces on Monday or this afternoon.

Too bad I can't make a move until Dec.

With a shortened trading day today, Monday could get interesting. Not sure what to expect. A bounce will happen, but will it stick? Last I checked our sentiment poll had 52% bulls for next week. That could get problematic if the market switches to bear mode.

 

[fedgolfer]

Panic in the markets due to Dubai halting payments on a $59B debt?

Surely Bernanke can print that much and send it to Dubai in less than 50ms. Heck, they could probably just pass a hat around on Wall Street and collect as much.

Mondays have been very good lately. If the dollar can stay above 75.5 than maybe we might see the selling continue on Monday. Otherwise, the dollar could give back some, as the market bounces on Monday or this afternoon.

Too bad I can't make a move until Dec.

I agree, this type of trading day and that kind of news, with that kind of reaction in the futures = some big boyz using that fear to they're advantage. If the SPX closes in its recent trading range, this action is nothing more than the big boys buying on the bottom of that range while the dollar trade for the next week sets up in their favor for nothing but upside in the bearish dollar trade (UDN is on the bottom of that range, and appears to have found pretty strong support).

 

[fedgolfer]

Panic in the markets due to Dubai halting payments on a $59B debt?

Surely Bernanke can print that much and send it to Dubai in less than 50ms. Heck, they could probably just pass a hat around on Wall Street and collect as much.

Mondays have been very good lately. If the dollar can stay above 75.5 than maybe we might see the selling continue on Monday. Otherwise, the dollar could give back some, as the market bounces on Monday or this afternoon.

Too bad I can't make a move until Dec.

I agree, this type of trading day and that kind of news, with that kind of reaction in the futures = some big boyz using that fear to their advantage. If the SPX closes in its recent trading range, this action is nothing more than the big boys buying on the bottom of that range while the dollar trade for the next week sets up in their favor for nothing but upside in the bearish dollar trade (UDN is on the bottom of that range, and appears to have found pretty strong support).

 

[sdouglas3]

Great! I tried to make an IFT this morning and it says I have already used my 2 for the month. I made one IFT into two funds I and S a couple of weeks ago. Does that count as two? I thought it is the amount of IFT's not the what you buy/sell within the IFT. Frustrating!

Steve

 

[sdouglas3]

Great! I tried to make an IFT this morning and it says I have already used my 2 for the month. I made one IFT into two funds I and S a couple of weeks ago. Does that count as two? I thought it is the amount of IFT's not the what you buy/sell within the IFT. Frustrating!

Steve

I guess moving money to the G fund counts as one move which I made earlier this month as well. This sucks!

 

[350zCommTech]

I agree, this type of trading day and that kind of news, with that kind of reaction in the futures = some big boyz using that fear to their advantage. If the SPX closes in its recent trading range, this action is nothing more than the big boys buying on the bottom of that range while the dollar trade for the next week sets up in their favor for nothing but upside in the bearish dollar trade (UDN is on the bottom of that range, and appears to have found pretty strong support).

Here's the dollar:

View attachment 7376

Nice recovery in the DAX after being down nearly 2% this morning.

View attachment 7377

 

[fedgolfer]

UDN/bearish dollar trade looking still well withing its trading range... no panic and very orderly.

 

[350zCommTech]

BOJ To Hold Extraordinary Meeting Tuesday Afternoon

TOKYO (Nikkei)--The Bank of Japan's policy board will convene an extraordinary meeting at 2:00 p.m. Tuesday to address the fast-changing economic situation, including the yen's surge against the dollar.

i.e. Intervention.

Cabinet Approves New Economic Stimulus Package

TOKYO (Dow Jones)--The Japanese government has decided to compile a fresh stimulus package this week to combat the effects of deflation and recent fluctuations in the currency markets, Finance Minister Hirohisa Fujii said Tuesday after a regular cabinet meeting.

Why can't our people spend like the Americans?

View attachment 7414

Follow through from yesterday's oversold bounce. It's all Yen related so far.

 

[350zCommTech]

Japan Planning US Treasuries Sale

Submitted by Tyler Durden on 12/03/2009 10:55 -0500


Market News International via Bloomberg:http://www.zerohedge.com/article/japan-planning-us-treasuries-sale#comments

Wow! If this is true. It would be bad for the F fund as rates would rise. It might also be bad for stocks as higher rates would kill any kind of a "recovery".

Perhaps Bernanke can just buy them back from Japan? Why not? Printing is easy.:nuts:

View attachment 7432

 

[Frixxxx]

Wow! If this is true. It would be bad for the F fund as rates would rise. It might also be bad for stocks as higher rates would kill any kind of a "recovery".

Damn Right, I now have to change my outlook to "G" for a few weeks until this comes to fruition.

Thanks for the article!

 

[Silverbird]

Japan can't spend like Americans with only 2x the population of California. Plus, education takes up a large percentage of income, as does savings for retirement. You can only have as much buying power as your population. And they're in the middle of the aging population-not many kids problem.

 

[Bullitt]

Maybe the Fed will try one of those reverse repo tricks with Japan. BoJ isn't too happy with this falling dollar policy.

 

[350zCommTech]

Maybe the Fed will try one of those reverse repo tricks with Japan. BoJ isn't too happy with this falling dollar policy.

Yeah, perhaps they've had enough. Falling dollar hurts their exports. Selling US treasuries is a big tool, although a Japanese Gov. official just denied the rumor.

As for the market today, the cooked up jobs number is doing a number on the F fund and the I fund. The I fund might actually be negative as of right now. The dollar ate up all the gains in the foreign markets.

Mondays have been very good days lately thanks to Sunday night pumps. Anybody considering the I fund for Monday? The dollar should come back down this afternoon and Sunday. The YEN and futures suggests the Nikkei will open +100 points Sunday night.

 

[fedgolfer]

As for the market today, the cooked up jobs number is doing a number on the F fund and the I fund. The I fund might actually be negative as of right now. The dollar ate up all the gains in the foreign markets.

Mondays have been very good days lately thanks to Sunday night pumps. Anybody considering the I fund for Monday? The dollar should come back down this afternoon and Sunday. The YEN and futures suggests the Nikkei will open +100 points Sunday night.

I was just thinking that, if I was out, monday is prime for the I fund. I'm definitely not selling any I fund today... thanks $trade!!!!

 

[Silverbird]

Japan Says No Plan to Sell Treasuries to Fund Budget
http://www.bloomberg.com/apps/news?pid=20601101&sid=aNkpz_H52KfI

 

[fedgolfer]

... I've seen that Tyler Durden on other tons of other message boards. That dude has a lot of time for a soap salesman.

350z, remember that VIX options call that set the Lehman thing off to the downside... E=mc2... see my thread for record activity exiting VIX calls.

 

[WIND_HUNTER]

[QUOTE= Anybody considering the I fund for Monday?

We,re waiting on you (KING OF THE I FUND) to give the A-OK..

 

[350zCommTech]

Looks like the much better than expected jobs number is causing some unwinding of the dollar carry trade. Yen carry trade coming back somewhat?

Market rally is coming off as bond yields might have gone too far? Despite what Japan says, I think they are selling treasuries.

I want to be in the I fund for Monday but the VIX is telling me no. But as I have already posted in fedgolfer's account, can the chart be trusted?

 

[felixthecat]

For real TSP money...staying safe for now. Feels like a few days of bear trap. Will wait before planting the seeds. Looks like Gold and the market selling off pretty fast due to the dollar rally. I'm not going to fight the Dollar now. Besides...best times to buy into the market in December is nearly at the second half anyway. This just reaffirms that next week may be challenging and in this dollar Environment, I don't want to be long yet.