Macro Bonfire: Off In A Cloud Of Whaledust

Thursday, March 15, 2012

Off In A Cloud Of Whaledust

Heading out this morning on the road. Temps in Chicago are a balmy 70+° -- sounds good.

I'm holding SPY 134 puts and am long against them with SSO. I will be selling the SSO position either today or tomorrow hopefully in the 1400-1410 area. The hard stop on the hedge is 1374.76.

1 comment:

AnonymousMarch 15, 2012 at 9:58 AM
Food for your drive: "The bigger question is, can unprecedented, concerted global monetary policy action repeal the business cycle? The objective coincident and leading indexes that we have always monitored are still telling us that it cannot." ECRI, Why Our Recession Call Still Stands
http://www.businesscycle.com/news_events/news_details/5065/6
ReplyDelete
Replies

Add comment

Subscribe to: Post Comments (Atom)

Some very kind testimonials

"Your once a year [September Vogue] analysis is a narrative that can tell more in one post than some of the daily content that gets fire-hydrant-ed out by the "established" institutions."

"Great observations, humor and sharp writing style. Respect."

"Thanks for posting your thoughts and reasoning,
it's priceless education . . ."

"Smart, clear, level headed thinking . . . It calms me to read an unbiased assessment of this market by the numbers."

"Great job and key insight here! Thx!"

"Still check your blog just about every day, great reading. Love It!!!!!!"

"You were born for writing and trading. I love your blog."

Marz Bonfire is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. The author and publisher may or may not hold positions in the financial instruments discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading stocks, futures, options, currencies, or any other product discussed here. The author, the publisher, and any and all affiliates assume no responsibility or liability for your trading and investment results.