wig, did you go long on bonds yesterday?

[Winetalk.com]

I bought a few ETF's and now cashing some chips
;-))))

[wig]

No, unfortunately I bot them last week and got out with a loss on Thursday..,

Bad timing, but that's how it goes sometimes when trying topick the low.

I will be looking to buy a 2-3 day pull back if we get it.

[Winetalk.com]

Originally posted by wig@Jun 15 2004, 11:34 AM
No, unfortunately I bot them last week and got out with a loss on Thursday..,

Bad timing, but that's how it goes sometimes when trying topick the low.

I will be looking to buy a 2-3 day pull back if we get it.
VERY sharp move today....I haven't seen bonds rally like that in a while...
I guess it happens every time when MAJORITY gets bearish and short mofo's like there is no tomorrow
;-)))

[Buff]

Inflation means expect high interest rates and low bond prices. Monetary policy has been horrific (printing new money out of control) -- inflation is high -- much higher than being reported. And before you cite the CPI or Core Index, let me remind you of a favorite government tactic:

From Murray Rothbard's Making Economic Sense

The concoction of the "core rate" is a plausible-seeming example of a racketeering general principle: if you want to make inflation go away, simply take out the price categories that are rising most rapidly. Lop off enough prices, and you can make it seem that there is no inflation at all, ever. Find some excuse for taking out all the rising categories, call whatever is left the "base rate," and presto-changeo! inflation is gone forever.

[Winetalk.com]

Buff, you mixed up with somebody we are not, we are NOT economists, we are the traders trying to make a few bucks on bond movements...
"The business we in is not question you WHY,
the business we're in is to SELL and to BUY"

and this sums it all, your economic theories included.

(BTW, TODAY people who beleived in what you quoted losing their shirts, undewear and kids inheritances)
;-))))

[wig]

Originally posted by Buff@Jun 15 2004, 11:59 AM
Inflation means expect high interest rates and low bond prices. Monetary policy has been horrific (printing new money out of control) -- inflation is high -- much higher than being reported. And before you cite the CPI or Core Index, let me remind you of a favorite government tactic:

From Murray Rothbard's Making Economic Sense

The concoction of the "core rate" is a plausible-seeming example of a racketeering general principle: if you want to make inflation go away, simply take out the price categories that are rising most rapidly. Lop off enough prices, and you can make it seem that there is no inflation at all, ever. Find some excuse for taking out all the rising categories, call whatever is left the "base rate," and presto-changeo! inflation is gone forever.
Buff,

I concur with what Serge has said. I am not hear to explain it, but to make money.

With that said, I do agree with your macro view of the eefects of fiat currency, inflation, et al.

However, this is something we have been dealing with for decades. Forecasting lower bond prices / higher rates based on this fundamental observation has not produced results in 20 years.

While I believe that ultimately you will be proven correct, timing it is another story.

Everything else is academic.

[Buff]

Sounds good. My analysis was not geared to day trading -- just the current infaltion/interest rate trend.

[Winetalk.com]

Buff,
have you heard the joke when son asked his father to explain him the difference between
"theoretical" and "practical"?
;-)))

[Buff]

Originally posted by Serge_Oprano@Jun 15 2004, 11:31 AM
Buff,
have you heard the joke when son asked his father to explain him the difference between
"theoretical" and "practical"?
;-)))
About his sister and mother and theoretically being millionaires but practically living with two whores?

[Winetalk.com]

Originally posted by Buff+Jun 15 2004, 12:35 PM--></span><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Buff @ Jun 15 2004, 12:35 PM)</td></tr><tr><td id='QUOTE'><!--QuoteBegin--Serge_Oprano@Jun 15 2004, 11:31 AM
Buff,
have you heard the joke when son asked his father to explain him the difference between
"theoretical" and "practical"?
;-)))
About his sister and mother and theoretically being millionaires but practically living with two whores?[/b][/quote]
yeap! that's the one!

fits perfectly for this thread
;-))))

[Buff]

Originally posted by Serge_Oprano+Jun 15 2004, 11:39 AM--></span><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Serge_Oprano @ Jun 15 2004, 11:39 AM)</td></tr><tr><td id='QUOTE'>Originally posted by -Buff@Jun 15 2004, 12:35 PM
<!--QuoteBegin--Serge_Oprano@Jun 15 2004, 11:31 AM
Buff,
have you heard the joke when son asked his father to explain him the difference between
"theoretical" and "practical"?
;-)))
About his sister and mother and theoretically being millionaires but practically living with two whores?
yeap! that's the one!

fits perfectly for this thread
;-))))[/b][/quote]
Nope haven't heard it! Tell me!!!

:)

[Winetalk.com]

the truth of the matter is:
when EVERYBODY beleive in something to happen and act accordingly-
they usually get screwed.

[Winetalk.com]

...even if they are right in the "big picture"
;-))))

[wig]

Serge, with bonds retracing 3/4 points this morning, I am starting to scale into longs.

104.12-17/USU4 should be resistance turned support.

[Winetalk.com]

Originally posted by wig@Jun 16 2004, 08:38 AM
Serge, with bonds retracing 3/4 points this morning, I am starting to scale into longs.

104.12-17/USU4 should be resistance turned support.
I closed all my trading positions yesterday and look for next trade as we speak....

Buff, give me idea how to make a $1000 in 3 mins
;-)))

[Buff]

Originally posted by Serge_Oprano+Jun 16 2004, 07:44 AM--></span><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Serge_Oprano @ Jun 16 2004, 07:44 AM)</td></tr><tr><td id='QUOTE'><!--QuoteBegin--wig@Jun 16 2004, 08:38 AM
Serge, with bonds retracing 3/4 points this morning, I am starting to scale into longs.

104.12-17/USU4 should be resistance turned support.
I closed all my trading positions yesterday and look for next trade as we speak....

Buff, give me idea how to make a $1000 in 3 mins
;-)))[/b][/quote]
Knock over a liquor store.

[wig]

hahahaha good one!

Plus, you can score some vino rojo!

[wig]

Serge, I'm not looking for much, but I think we will at least test 106.24-107.08/USU4.

http://charts.barchart.com/chart.asp?sym=u...=XSTKIC&org=stk (http://charts.barchart.com/chart.asp?sym=usu4&data=A&date=061604&den=LOW&evnt=ADV&grid=Y&jav=ADV&size=B&sky=N&sly=N&vol=N&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=XSTKIC&org=stk)

[Peaches]

Originally posted by Buff+Jun 16 2004, 10:24 AM--></span><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Buff @ Jun 16 2004, 10:24 AM)</td></tr><tr><td id='QUOTE'>Originally posted by -Serge_Oprano@Jun 16 2004, 07:44 AM
<!--QuoteBegin--wig@Jun 16 2004, 08:38 AM
Serge, with bonds retracing 3/4 points this morning, I am starting to scale into longs.

104.12-17/USU4 should be resistance turned support.
I closed all my trading positions yesterday and look for next trade as we speak....

Buff, give me idea how to make a $1000 in 3 mins
;-)))
Knock over a liquor store.[/b][/quote]
There's only one for 2-3 counties around here and I'm pretty sure they know Wig on a first name basis and would just figure he forgot to pay the wine bill, not that he was robbing them. :nyanya:

[wig]

Originally posted by Peaches+Jun 16 2004, 09:41 AM--></span><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Peaches @ Jun 16 2004, 09:41 AM)</td></tr><tr><td id='QUOTE'>Originally posted by -Buff@Jun 16 2004, 10:24 AM
Originally posted by -Serge_Oprano@Jun 16 2004, 07:44 AM
<!--QuoteBegin--wig@Jun 16 2004, 08:38 AM
Serge, with bonds retracing 3/4 points this morning, I am starting to scale into longs.

104.12-17/USU4 should be resistance turned support.
I closed all my trading positions yesterday and look for next trade as we speak....

Buff, give me idea how to make a $1000 in 3 mins
;-)))
Knock over a liquor store.
There's only one for 2-3 counties around here and I'm pretty sure they know Wig on a first name basis and would just figure he forgot to pay the wine bill, not that he was robbing them. :nyanya:[/b][/quote]
They are just lucky I decided not to open a Liquor store and compete (that is if i can get past the good ole boy network).

Knowing what I spend on wine/booze every month, it is reason enough. :hic:

[Winetalk.com]

Wig,
I don't do futures....and doing nothing is also
"course of actions"
;-)))

[wig]

Originally posted by Serge_Oprano@Jun 16 2004, 09:51 AM
Wig,
I don't do futures....and doing nothing is also
"course of actions"
;-)))
I know you don't, but just thought I would share what I am looking for. :D

[Winetalk.com]

Originally posted by wig+Jun 16 2004, 10:10 AM--></span><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (wig @ Jun 16 2004, 10:10 AM)</td></tr><tr><td id='QUOTE'><!--QuoteBegin--Serge_Oprano@Jun 16 2004, 09:51 AM
Wig,
I don't do futures....and doing nothing is also
"course of actions"
;-)))
I know you don't, but just thought I would share what I am looking for. :D[/b][/quote]
and I appreciate it..
there is a good russian saying:
"It's better to lose with a smart one than gain with an idiot"
;-)))

[Winetalk.com]

so far, so good, you making money
;-))

tsk-tsk, Buff, he is doing the opposite from what your quotation suggested
;-)))

[Winetalk.com]

Originally posted by wig@Jun 16 2004, 09:38 AM
Serge, I'm not looking for much, but I think we will at least test 106.24-107.08/USU4.

http://charts.barchart.com/chart.asp?sym=u...=XSTKIC&org=stk (http://charts.barchart.com/chart.asp?sym=usu4&data=A&date=061604&den=LOW&evnt=ADV&grid=Y&jav=ADV&size=B&sky=N&sly=N&vol=N&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=XSTKIC&org=stk)
more money!

Good trade, mate!

[wig]

Originally posted by Serge_Oprano+Jun 17 2004, 12:08 PM--></span><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Serge_Oprano @ Jun 17 2004, 12:08 PM)</td></tr><tr><td id='QUOTE'><!--QuoteBegin--wig@Jun 16 2004, 09:38 AM
Serge, I'm not looking for much, but I think we will at least test 106.24-107.08/USU4.

http://charts.barchart.com/chart.asp?sym=u...=XSTKIC&org=stk (http://charts.barchart.com/chart.asp?sym=usu4&data=A&date=061604&den=LOW&evnt=ADV&grid=Y&jav=ADV&size=B&sky=N&sly=N&vol=N&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=XSTKIC&org=stk)
more money!

Good trade, mate![/b][/quote]
thanks. hopefully we will close above 105.07 which will be my next signal that a rally to 107 +/- is still in the making.

We are really at a critical, do or die level in bonds/notes from a short-term perspective.