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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (63777)	6/15/2006 9:52:02 AM
From: UncleBigs	Respond to of 110194

speaking of naked calls, I like the Lowes July 65's for 90 cents.

To: russwinter who wrote (63777)	6/15/2006 9:57:28 AM
From: gregor_us	Read Replies (2) \| Respond to of 110194

It's Rich, to say the Least, to see That TIC Data for April come in this morning, in all its foreboding glory, and then to go back and consider the Bernanke Timeline around this data. Thursday 27 APR 2006: "The Pause Testimony". Bernanke gives prepared testimony to the Joint Economic Committee of Congress. The theme of a Pause is central to his remarks, in which he discusses at length how a central bank would do it, manage it, then maybe re-visit it later on. Markets like what they hear, and consider it meaningful he has chosen this "topic" in somewhat Greenspan like style. End of APR: The TIC Report for April when released in June will show a nasty breakdown of foreign flows into the US. Monday 01 MAY 2006: "The Bartiromo Incident" Maria B. reports before the close that Ben told her he was misunderstood in his "pause topic" speech just 5 days earlier. Monday 05 JUN 2006: Ben gives his most hawkish speech ever (even as 2/3rds of speech are eerily like a Fed victory lap). Thursday 15 JUN 2006: TIC Data for April publically released and its not good. "U.S. April capital flows $46.7 bln vs. $72 bln expected Last Update: 9:00 AM ET Jun 15, 2006 WASHINGTON (MarketWatch) -- Capital flows into the U.S. fell sharply to $46.7 billion in April as private investors sold Treasury bonds and notes and bought fewer equities, the Treasury Department said Thursday. But central banks and other official foreign institutions bought $10.7 billion in Treasurys, more than reversing March's sales of $6.3 billion. Private investors sold $7.4 billion in Treasury bonds and notes in April, the Treasury data show. Foreign private investors bought $3.2 billion in U.S. equities in April, down from the $17.5 billion they bought in March and the $17.1 billion purchased in February. End of Story