SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (53569)7/28/1999 5:04:00 PM
From: IceShark  Read Replies (1) | Respond to of 86076
 
John, what are you talking about on SPoo premiums? I calculate that they are about fair at 1373. That is a tad over 5 undervalued, but I think last night it was over 7 points undervalued. You are correct though, something funny is going on. Guess you can't execute equity and futures trades without having the price walk away from you.

Great, some broad is talking up the Inutz on CNBS. So much for my new trading short. -shag-



To: John Pitera who wrote (53569)7/28/1999 5:07:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
John, i am also expecting a Yuan devaluation anytime. but the best argument for a bond market sell-off would probably be a further rise in the Yen. the yen carry trade must be under water quite a bit by now considering the bear market in treasuries since october and the resurgent yen. probably certain yen/dollar levels would trigger an avalanche of panic buying in the yen and concomitant panic selling of t-bonds. we had a taste of the carry trade panic potential last year when the yen suddenly jumped like crazy in a single day. it is interesting that neither BOJ interventions nor a stream of negative economic news out of Japan seem able to curtail the Yen's rise. a sign that the funds engaged in the carry trade are getting edgy and perhaps also a sign that Japanese investors are starting to repatriate some of their assets. the stock market seems very complacent with regards to the weakening dollar, a grave underestimation of it's disruptive potential imo.

regards,

hb



To: John Pitera who wrote (53569)7/29/1999 10:07:00 AM
From: bill meehan  Read Replies (1) | Respond to of 86076
 
I agree that the bonds and dollar continue to look vulnerable. Analog of past 75 days in the long bond correlates at .927 with spring of 1987, just before the bond broke 10-points. Could be very interesting. The only thing that surprises me is that the stock market isn't weaker this morning. Oh well, it's still early.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News