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The Really Useless Thread

  • #5,541
  • Aug 30, 2011 3:38pm Aug 30, 2011 3:38pm
Kenny you back home today brother?
Look Sharp/Trade Tight
  • #5,542
  • Aug 30, 2011 3:39pm Aug 30, 2011 3:39pm
Quoting kenfen69
My over night action. Top three are orders that the bastards didn't fill!
Nice work Mr. Fen
  • #5,543
  • Aug 30, 2011 3:41pm Aug 30, 2011 3:41pm
Just in case some bastard gets cute...

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  • #5,544
  • Aug 30, 2011 3:42pm Aug 30, 2011 3:42pm
Quoting chazzle
Nice work Mr. Fen
Cheers brother. You did well on your AUD play. Nimble bastard!
  • #5,545
  • Aug 30, 2011 3:45pm Aug 30, 2011 3:45pm
Quoting PayTheLimit
Kenny you back home today brother?
Home being my hotel...yes!

Need to stick around until tomorrow. If all is smooth...I can split home until early next week. Just come back to Chi-town for an over-nighter then.

Had a great time, mate...really, really like it here.
  • #5,546
  • Aug 30, 2011 3:47pm Aug 30, 2011 3:47pm
Quoting kenfen69
Home being my hotel...yes!

Need to stick around until tomorrow. If all is smooth...I can split home until early next week. Just come back to Chi-town for an over-nighter then.

Had a great time, mate...really, really like it here.
Well hope it goes well for ya, glad you had a good time brother...
Look Sharp/Trade Tight
  • #5,547
  • Aug 30, 2011 3:47pm Aug 30, 2011 3:47pm
nap time..bbl, gl, PTL...
Look Sharp/Trade Tight
  • #5,548
  • Aug 30, 2011 3:52pm Aug 30, 2011 3:52pm
Quoting PayTheLimit
Well hope it goes well for ya, glad you had a good time brother...
Pretty routine now...all is well.

Thanks for the list, brother...really played a big part of my enjoyment. Thank you.

Quoting PayTheLimit
nap time..bbl, gl, PTL...
Enjoy mate! Recharge those bastard batteries!
  • #5,549
  • Aug 30, 2011 3:55pm Aug 30, 2011 3:55pm
Still a best guess at this point, ending diagonal to finish wave C?
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Don't have an ego. Always question yourself and your ability.
  • #5,550
  • Aug 30, 2011 3:57pm Aug 30, 2011 3:57pm
Quoting RamsesII
Still a best guess at this point, ending diagonal to finish wave C?
Some feckin EWaves in the house...at long last!

Nice brother...good to see you.
  • #5,551
  • Aug 30, 2011 3:57pm Aug 30, 2011 3:57pm
Quoting kenfen69
Cheers brother. You did well on your AUD play. Nimble bastard!
  • #5,552
  • Aug 30, 2011 3:57pm Aug 30, 2011 3:57pm
Reading the FOMC minutes, what jumped out at me was the discussion of extending the maturity (duration for the bond wonks) of the Fed portfolio. That's makin' sense to me for a couple reasons.

As Clogs has mentioned, the Fed is painted into a political corner. If they do an overt PaintErGreen (PTL, you don't like QE, how about that) then they run the risk of being called before the House for a media circus. Same if they use the swap lines. But "monetizing the interest rate risk inherent in lengthening of the effective duration" is something the Perry's and Paul's might not see coming as easily.

That can also explain the long bond's performance in the face of a relative decouple with the standard "risk on" relationships: if you bet somebody's going to pay up for your bond, bid 'em now. And from the Fed's standpoint, buying 100 face of long bonds gives the system 140 bucks, and the system loses 100 when they sell the shorter paper. The portfolio balance of securities held at par stays unchanged.

Like I've been saying: the bonds are a key to this whole deal in the near term.

System roll time in 2m 30s.
  • #5,553
  • Aug 30, 2011 3:59pm Aug 30, 2011 3:59pm
Quoting kenfen69
Some feckin EWaves in the house...at long last!

Nice brother...good to see you.
good to be here!
Don't have an ego. Always question yourself and your ability.
  • #5,554
  • Aug 30, 2011 3:59pm Aug 30, 2011 3:59pm
Quoting OldQuant
Reading the FOMC minutes, what jumped out at me was the discussion of extending the maturity (duration for the bond wonks) of the Fed portfolio. That's makin' sense to me for a couple reasons.
So...would that qualify as "under the radar" activity in your books?
  • #5,555
  • Aug 30, 2011 4:00pm Aug 30, 2011 4:00pm
Quoting RamsesII
good to be here!
Fakkin A...bastard!

Just thought I would be the first!
  • #5,556
  • Aug 30, 2011 4:08pm Aug 30, 2011 4:08pm
alright, one more... top hunting in aud
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Don't have an ego. Always question yourself and your ability.
  • #5,557
  • Aug 30, 2011 4:23pm Aug 30, 2011 4:23pm
Quoting kenfen69
So...would that qualify as "under the radar" activity in your books?
Well, no, not any more. I just took a look at Z H, and the lastest post is on JPM's take on the minutes, and this is in it:

"Here is the key sentence from a just released note by JPM's Michael Feroli: 'We believe the minutes lend themselves to our view that there is a somewhat better-than-even chance the Fed takes action at the next meeting to increase the average maturity of assets on their balance sheet.'"
  • #5,558
  • Aug 30, 2011 4:24pm Aug 30, 2011 4:24pm
Quoting RamsesII
alright, one more... top hunting in aud
You playing it? Can be a whore to stand in front of. I'm eying it, but need a drop and retest first. I would chance one blind around 1.0750 supply zone. On my radar, anyway.
  • #5,559
  • Aug 30, 2011 4:25pm Aug 30, 2011 4:25pm
Quoting OldQuant
Well, no, not any more.
Yeah...just saw that. Nowhere to hide. What a mess!

How's Flipper?
  • #5,560
  • Aug 30, 2011 4:26pm Aug 30, 2011 4:26pm
AUD topped at the mid of that mega-bear first week of August - eyeing 680 as seen here on H4
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