MarK Mobius was interviewed by Bloomberg Television and he made some interesting bullish comments about the US Economy and the Russian Stock Market:
"The U.S. economy is now “out of the woods” and doesn’t need another stimulus package, Mobius said. Russian stocks are “very undervalued” and should be a “big holding” for investors as markets recover, the fund manager said." in Bloomberg.com
Maybe he is right about Russian Stocks long term. In the short term stocks everywhere look a bit vulnerable to me. The russian stock market ETF, Market Vector Russia ETF Trust, RSX hit 10 USD in March and is trading now at around 20 USD, up 55% year to date.
Anyway, I am only holding a short line in the 2 Year Schatz Futures and I will do some systematic trades in the S&P Futures.
If this 2 Year Schatz Futures trade goes well I will give myself a very good gift. I am planning to buy a Ferrari.
Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage.
Stock Picks In The United States
12 hours ago
Posts
20 COMMENTS:
Ferrari? You should get an Audi R8. That's one of my lifetime goals. R8s are soooooo sexy :))
I am a Ferrari fan
My son will be born at anytime now
We will name him Enzo
:)
Cheers
Hello HMS,
I am still in Seoul.
Marc said he is in neutral.
Kospi hit the highest point today and I am still waiting for the break down.
DO you think the market change to the upleg?
HY
congrats yo
hope you get it soon :)
Obviously you like short 2 year schatz futures. Do you feel the same way about US 2-year futures?
My lifetime goal is James Sean's Porsche and a nice sailing boat.
I need to look at this 2-year Rate play.
James Dean's of course...
It's a Königsegg you would want;)
(maybe the next million u earn)
Russia will go well since when commoditys rise soo will Russia
Hey Ksto,
No I am playing this in the Euro Zone only.
The ECB is a hawkish central bank.
Hey HY,
I am not sure about the stock market
Its summer time, anything can happen
Cheers
Hey Jonathan,
Great Tour stage yesterday
Contador is nothing but unstoppable!
Hi HMS:
Are you feel confortable to long a market with 6 consequtive positive gain days? It always seem like the market will keep rally forever, but at some point of time, people realise the market is going side ways. There is resistance on the top just like there is support at the bottom
Anyone short the Dollar ? All foreign central banks hammer dollar in Asia today. Free US Dollar from Obama & Geitner? Going down more, a lot lower. Anyone buy Silver & Gold ?
Hey SS,
Sure, I never buy after a big rise
But I am not shorting either
I am focusing on my Schatz Futures
Hi,
Market broke the minor January High at 945 and my 950~960 is on the card. I am closing all positions except the option plays at 950. I have carried loads of positions since 870 area and needed to unload and then watch the market for either a new price discovery or a pullback.
Hey HMS
Stocks are extremely overbought. The last week`s counter rally in stocks is definitely the last move of the bulls before the bearmarket strikes again. Stocks are too expensive on this level. According to Shiller`s 10 years PE ratio new bull markets used to commence on a more modest PE level equal or below 10x. Currently, S&P`s 2009 PE ratio amounts to 14,7x. Thus there is still a long way to go down. In my opinion it`s a good strategy to buy volatility right now.
Hi NR,
I believe the best approach to play volatility is stock/ETF specific. Selling an options strangle with near zero position delta is enviably high probability trade. I cannot buy/sell overall market volatility because it like forecasting direction....only that it gives you a clue of market turning points at extremes (contrarian view)
Thanks for the input.
You're right about Trichet and the ECB, they'll be the first to raise rates.
Hi HMS,
What kind of trade is the two year shatz?
closed all my positions...and then waiting for the next leg...fantastic profit
Post a Comment