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Marco Mazzocco, CFA
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It was in 1994 when I was sitting in my first capital markets class in college and the professor introduced the concept of short selling securities that I fell in love with financial markets. Upon graduation, I moved to NYC and have been living in Manhattan since 1997. I started off in retail... More
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common sense research
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  • Ignore The Noise

    It was another roller coaster day in bonds. We saw the Ultra bond futures make a new contract low after ADP and GDP hit the tape. Bonds did not rally until the Fed came out with their verbal therapy. It seems that ever since Ben started the taper talk, all the sell off's are data driven and all the rallies are jaw bone driven. That includes Hilsenrath and his ill-informed musings causing a massive rally back on June 13th. Thank goodness it seems the market learned its lesson form that one and hasn't paid him that much attention since then. His last prediction just turned out to be a bust today that's for sure. I definitely fall into the optimistic camp for the economy and I think the data as of late is there too. All we can do is look at the actual data points and ignore the noise...or at least try to!!

    Disclosure: I am long TMV.

    Tags: TLT, TMV
    Jul 31 7:46 PM | Link | Comment!
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