Browsing All Posts published on »August, 2011«

What happens in Wyoming…..

August 22, 2011

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……..most definitely does NOT stay in Wyoming. It’s the end of August which means different things to different people – the end of summer vacation, your last chance to wear white (god forbid you do so after Labor Day), or college football kickoff. Those interested in the markets know it marks elevated risk for hurricanes (keep your […]

Beware of……

August 12, 2011

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……the last hour of trade in a largely “risk off” environment. Risk over 2/3 days is much “riskier” than overnight. Oil reversed into the close and I wouldn’t be shocked to see equities follow suit. Gold is 4% off the week (and all time) highs ($1,818). The VIX (cash) is 23% off highs (48). The […]

Closing time…..

August 12, 2011

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……you don’t have to go home (or into cash just yet), but ya can’t stay here! A couple days ago I wrote about the power of implied vol (the great unknown in the derivative value equation) and they are finally coming in (going lower) in the Silver market. Two weeks ago I recommended a short […]

The U.S. Consumer is like…..

August 12, 2011

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…..a petulant little child, and has been for years. We want our I pads, McDonalds, and 2,500 satellite channels rife with “reality” programming.  For the past 10-15 years most, if not all of our trite “needs”  were quickly met with little consideration paid to potential consequences (addict behavior enabled by MANY willing participants). One could argue that […]

A lesson on “implieds”…..

August 10, 2011

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im·plied   /ɪmˈplaɪd/ Show Spelled[im-plahyd] Show IPA adjective   involved, indicated, or suggested without being directly or explicitly stated; tacitly understood: an implied rebuke; an implied compliment.   First off, thanks very much for the positive responses to the writing I’ve done to this point. It’s rewarding to know that a few people read and actually […]

What a difference a month makes…..

August 10, 2011

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In early/mid July when I decided to launch a market-centric blog and attempted to weave addict behavior analysis and recovery lessons into the mix……little did I know how quickly some of my long festering market concerns would manifest themselves. For example, on July 12th I alluded to a growing sense of contagion in the financials (https://mrktjunkie.wordpress.com/2011/07/12/tomorrow-morning-could-be-interesting/ ) […]

A little more perspective……

August 9, 2011

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…..which is something many “addicts” struggle with regularly. Between early 2004 and late 2006, so just less than 3 years the S&Ps had a range of just below 1,100 and just above 1,350. Between July 25th and August 9th of 2011, or just less than 3 weeks the S&P had pretty much the same range. In […]