well Merry Christmas to you too
Sorry, I call it how i see it. If the government would have let the forces of economics run theri course we would be on our way to a better economy. Letting Goldman and Morgan Stanley become banks on Thursday so you could save them on Sunday, and such prolonged what has to take place.
Sorry, I call it how i see it. If the government would have let the forces of economics run theri course we would be on our way to a better economy. Letting Goldman and Morgan Stanley become banks on Thursday so you could save them on Sunday, and such prolonged what has to take place.
Crazy people ... that is an insurance policy for someone who is long futures or cash treasuries. If you were long knowing that the global economy sticks and rates are going to be near zero for a very long time. Buying the puts is to protect that long position. I recommend that traders start accumulating TYU 126 calls [ten Year Note 126 calls]on any sell-off. Once this debt ceiling is solved, and it will be, the focus is going to turn toward our sub-2% growth rate, increasing unemployment claims and cratering European debt crisis and we will realize the real problem. The second half of this year is going to be ghastly for the economy.
I told you all last week that the focus would trun to the sub-2% growth rate and the TYU 126 calls were the buy [well last week they reported a 0.4% 1st quarter and a 1.8% 2nd quarter]. The economists are still calling for 3.82% growth on the year [PSST! we need two quarters of 7% growth to get there!]. QUIT LAUGHING, ANYTHING CAN HAPPEN! We are currently trading 126-30 and these calls are in the money. Who ever bought the puts is eating them. The economy stinks and it is getting worse. For the $7 Trillion that was spent we went from Obama we have gone from 5.5% unemployed to 9.25% [remember he would keep it under 8%, well while we were reading the bills that he post on line for 72 hours before he signs them, we got thru 8%]. The yield on 10 yera notes is currently at 2.63%. They were at 2.95 when I said they were going back to 2.20%. Right now 30 year yields are below 3.93%.