Seeking Alpha

rsengara

rsengara
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • At least one indicator is showing the largest bearish positioning since March 2010 as the ratio of call to put bets on the VIX (VXX) rises to its highest since then. Among the 10 most-owned VIX options, 9 have larger bets on volatility gains, with April $20 calls - 44% out of the money right now - garnering the largest open interest. [View news story]
    The VXX isn't flawed. It is, however, not suitable for long term investment. But if you get into it at the right time, it can be good to capture sudden downswings in the market.
    Apr 8 03:16 PM | Likes Like |Link to Comment
  • The House will vote on the unamended Senate bill at 9 PM ET, reports CNN's Dana Bash. Any attempt to alter the bill by adding spending cuts has reportedly been abandoned for now. Update at 9:10: The vote has been pushed back to 11 PM ET. [View news story]
    I had a great post typed out then I accidentally hit back on my browser.

    I agree with you that the country can't go full pace off the cliff but more meaningful steps must be taken.

    From the point of view of a foreigner from a socialist country, the united states has really taken the worst sides of socialism and capitlism. Social programs disincentivize work, incur serious amounts of debt and have really provided marginal return. On the other hand vertical movement within American society is limited, education and healthcare are prohibitively expensive and require a majority of people to go into debt.

    The united states needs to identify what social programs give value - welfare and unemployment benefitsshould not be sustained in virtual perpetuity like they are currently. The reality is, in my opinion, the united states spends a lot of money on people that don't return a red cent to society in terms of productivity... And while trying to help people is never a bad thing, helping people who won't do anything for themselves, while making other people pay for it (literally and figuratively) is beyond stupid.
    Jan 1 10:06 PM | 4 Likes Like |Link to Comment
  • The House will vote on the unamended Senate bill at 9 PM ET, reports CNN's Dana Bash. Any attempt to alter the bill by adding spending cuts has reportedly been abandoned for now. Update at 9:10: The vote has been pushed back to 11 PM ET. [View news story]
    Bingo. In order to pay down the deficit more than a token amount both taxes and spending need to be adjusted.

    At a rate of 60 billion a year it will take almost 300 byears to pay down the debt...
    Jan 1 09:48 PM | Likes Like |Link to Comment
  • Your semi-regular New Year's Eve fiscal cliff update: Senate Democrats and Vice President Joe Biden will caucus at 9:15 p.m. amid reports that the Senate GOP and White House have reached agreement. Votes tonight aren't a sure thing, but are now expected by many observers. Updated 1:48 a.m.: The Senate is voting now on the deal, the "American Taxpayer Relief Act of 2012." [View news story]
    Because the united states needs to start paying down its debt rocket scientist... Cash needs to come from both sides of the equation. Jeeze.
    Dec 31 10:14 PM | 3 Likes Like |Link to Comment
  • Your semi-regular New Year's Eve fiscal cliff update: Senate Democrats and Vice President Joe Biden will caucus at 9:15 p.m. amid reports that the Senate GOP and White House have reached agreement. Votes tonight aren't a sure thing, but are now expected by many observers. Updated 1:48 a.m.: The Senate is voting now on the deal, the "American Taxpayer Relief Act of 2012." [View news story]
    Try getting the house to pass that..
    Dec 31 10:07 PM | Likes Like |Link to Comment
  • Your semi-regular New Year's Eve fiscal cliff update: Senate Democrats and Vice President Joe Biden will caucus at 9:15 p.m. amid reports that the Senate GOP and White House have reached agreement. Votes tonight aren't a sure thing, but are now expected by many observers. Updated 1:48 a.m.: The Senate is voting now on the deal, the "American Taxpayer Relief Act of 2012." [View news story]
    Thesnate was never really the problem, as the dems hold a majority, the issue is the house which has been remarkably silent..
    Dec 31 10:06 PM | Likes Like |Link to Comment
  • Look For Equities To Rally Into Next Week [View article]
    So let me get this straight - half of your article is talking about how bad the macroeconomic picture is - yet equities are going to rally?

    Right.
    Jul 26 02:46 AM | 4 Likes Like |Link to Comment
  • The ECB is widely expected to cut its benchmark rate by 25 bps to a record-low 0.75% today, though it's unclear where the bank goes from there. Stay tuned for the announcement at 7:45am ET and Draghi's press conference at 8:30am ET. Euro flat against the dollar at 1.2527.  [View news story]
    Markets levitate on the news.
    Jul 5 04:26 AM | Likes Like |Link to Comment
  • China could be preparing for a fresh round of policy easing, analysts say, with Chinese authorities said to be considering cuts to the reserve requirement ratio.  [View news story]
    English, do you speak it? Also, one word, Japan.
    Jul 5 04:17 AM | Likes Like |Link to Comment
  • EU shares give back some of their gains from the last few days as traders take profits. Euro Stox 50 -0.5%, London -0.2%, Paris -0.5%, Frankfurt -0.3%.  [View news story]
    Yeap - it's definitely because they're taking profits, not because the hopium rally is running out.
    Jul 4 03:24 AM | Likes Like |Link to Comment
  • The VIX ETN (VXX -6.6%) prints an all-time low, as does a related ETF (VIXY -6.6%), fear evaporating from the stock market even as German and U.S. 10-year yields under 1.6% suggest otherwise. Stocks themselves have rebounded nicely, mostly green a few minutes before the bell.  [View news story]
    Great question, I bought in at 16.00 (the last 52 week low) - there's really no limit to how much further it can go as the VXX moves with the momentum. If the S&P moves to 1400+ this thing will go way lower, at this point, you have to play a hunch. I'm fairly comfortable losing 10-20% because I know that when this thing moves.. it moves.

    The question is if it will move at all f*cking government intervention and HFT.
    Jul 3 10:38 AM | 1 Like Like |Link to Comment
  • The VIX ETN (VXX -6.6%) prints an all-time low, as does a related ETF (VIXY -6.6%), fear evaporating from the stock market even as German and U.S. 10-year yields under 1.6% suggest otherwise. Stocks themselves have rebounded nicely, mostly green a few minutes before the bell.  [View news story]
    Well part of that is to be expected considering it's been risk on or status quo since last October...

    If the market pulls the status quo the VXX always moves lower. It's only in times of extreme panic that it moves higher.

    The fundamental problem is this, so long as the government continues to intervene in the natural flow of the markets, risk will always be on because there is no risk of the bottom falling out. People can keep on throwing money in knowing that the government will stop them from losing their money.

    In a way, when the morphine stops, the drop will be that much worse because people have levered themselves up like a crack addict and we're getting to the point now where people are risking more than they can afford to lose.
    Jul 3 09:59 AM | Likes Like |Link to Comment
  • Mammoth Lakes, California will file for bankruptcy, just days after Stockton filed for Chapter 9 protection. The ski resort town of around 8,000 residents said it saw no other choice after its largest creditor refused to negotiate concessions on a $43M legal judgement against the town.  [View news story]
    The economy is doing fine, no one worry.
    Jul 3 02:43 AM | 1 Like Like |Link to Comment
  • Markets Mixed On Disappointing Manufacturing Data [View article]
    You're kidding, right?
    Jul 2 10:14 PM | 1 Like Like |Link to Comment
  • The VIX ETN (VXX -6.6%) prints an all-time low, as does a related ETF (VIXY -6.6%), fear evaporating from the stock market even as German and U.S. 10-year yields under 1.6% suggest otherwise. Stocks themselves have rebounded nicely, mostly green a few minutes before the bell.  [View news story]
    Fear melts off right until it doesn't. I got in at 15.95 and 16.05 and I'm comfortable with that. When the rally stops it stops fairly quickly and there isn't time to blink.

    Movements downward tend to happen far faster than movements upward.
    Jul 2 03:57 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
21 Comments
29 Likes