Posts Tagged ‘U.S. Treasury Market’

Notes From Underground: This Market Is a Tribute to Rudyard Kipling’s “IF”

June 25, 2013
“If you can keep your head when all about you
    Are losing theirs and blaming it on you”
The opening stanza of Kipling’s poem about British stoutness is not to say others are blaming but rather an admonition from Notes From Underground about keeping your wits about you and trying to make quality decisions in trying times. In a financial world that is steeped in excess leverage, nanoseconds and algorithmic trading programs ,being a fundamental/technical trader seeking relative value becomes a daunting task. I am not one who favors catching “falling pianos” and have been more content to let trades come to make rather than force the action. As the markets unwind leveraged trades that causes massive selling across all asset classes.
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Notes From Underground: Unemployment Gains Manufacturing a Recovery

February 5, 2012

The Obama administration had much to cheer as the NONFARM PAYROLL number exceeded almost all the pundits and FED‘s projections. Just before the release, CNBC analysts were in herd formation all gathered around the “BULL” of safety and predicted around a 100,000 job gain. Job gains came in at roughly 250,000 even as state and local governments continued to shed employees. Earlier, the Canadian data was tepid, but again, the Ontario manufacturing sector added jobs and is mirroring the increase in manufacturing seen in the U.S. Whether the predictors of the release are right or wrong makes no difference to traders or investors for the most important pundit is the market’s reaction.

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Notes From Underground: The Chines raise interest rates and the GOLD makes all-time highs climbing a GREAT WALL OF WORRY

April 5, 2011

The FED released the minutes of the last FOMC meeting and there was very little that hadn’t already been revealed and digested by the market. In tonight’s reading, some in the media are trying to raise an issue that there is a rift between voting members. Readers of the NOTES will know the answer: There is no rift. Yes, between meetings there is a plethora of dissenting speeches but as the FOMC MINUTES are clear to record, the vote to stay the present course was unanimous. The thing that seems the most transitory to the FED is the lack of dissension when gathered at the same table. To paraphrase PUDD’NHEAD WILSON, WHEN ALL THE EGGHEADS ARE IN ONE ROOM, WATCH THE ROOM CLOSELY.

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