Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (2182)	3/16/2004 9:29:24 AM
From: mishedlo	Respond to of 116555

OK everyone (me too) Let's try and be more civil Mish

To: Wyätt Gwyön who wrote (2182)	3/16/2004 10:09:07 AM
From: russwinter	Read Replies (2) \| Respond to of 116555

First of all let's set the record straight about my "howler" call in January, Mish can confirm as he actually observed what I did, plus we regularly exchange relevant notes (mostly about the labor market) in a friendly spirit. I shorted June Eurodollars at 98.77. Subsequently, the market dropped to as low as 98.60, I bought to cover half my position at 98.65. I rode the other half back up, and today look about 2 bps in the hole on the half. I did re-short my previously covered June Ed at 98.79, so actually my net profit on my whole ED was about 8 bps. Next I effectively have added another 50% to my overall ED short by using the Septs, at an average price of 98.82. I'm underwater about 4 bps on that. Overall on my ED trade I'm actually ahead a few bucks. I have never shorted long dated stuff, mostly because of accrued interest issues, although I am clearly bearish on them. So I think I hear your argument as this: <you made a similar howler call in January, again using MarketVane as your "proof".> This to me sounds like, "you used Market Vane as a sentiment indicator, and because you are an idiot it indicates the indicator has no merit." That's feels like your argument to me? That's just BS, I think you are barking up the wrong tree.