Pretty color-coded candlestick view of VRTY. 13 cents of risk, 37 cents of reward are the kind of numbers you want to see.
Trading software is so good today... I remember when I used to phone for quotes every hour and then scratch the high low
bars on graph paper. You've come a long way, baby.
Posted at 5:55 PM, EST
In this month's Investment Outlook, Bill Gross discusses reflation,
Lao Tse, his wife's shoe-buying habits, the dangers of extending trends into the hereafter, and names
his top five investment categories, with commodities and tangible assets topping the list.
"Foreign governments and central banks may be willing buyers of bonds in order to support their own economies and the
Fed may be a monopolistic mispricer of credit at negative short-term yields, but that is no reason for
the knowledgeable investor to play the same game. Investing in 'reflatables' and borrowing with conservatism at the
short rate are the two best ways to prosper in such an environment."
Posted at 4:02 PM, EST
Nice work team, target hit!
Posted at 3:59 PM, EST
It hit 16.84; this is going to require us all to yell UP BAD DOGGY at once to hit the target.
Posted at 3:52 PM, EST
Interesting post by Rafat Ali: Google May Starting Indexing Offline Publications.
"Google is surveying the field with an online focus group among media executives... the basic concept is simple:
take offline publications, digitize, archive them, and allow users to search on them.
The search result is an abstract and then users will have to pay to read the full article/story/extract."
Posted at 3:41 PM, EST
VRTY 15-minute view.
Posted at 3:38 PM, EST
Scary stuff in Caroline
Baum's column today, quoting Jim Bianco. Or is it simply alarmist?
"By every measure of leverage, be it borrowing by primary dealers (fewer of them but four times as much leverage as
10 years ago); open interest in the 10-year Treasury note and 30-year Treasury bond futures; trading from
Caribbean tax-haven countries (a proxy for hedge fund activity); or derivatives tied to short-term interest
rates: 'The bond market is as leveraged as it's ever been,' Bianco said. 'And that includes the fall of 1998,
when Long-Term Capital Management almost collapsed.'"
Posted at 3:31 PM, EST
Be sweet if the final bar reaches up to 16.86.
Posted at 3:27 PM, EST
OK, VRTY popped up and out of the triangle... way to go, Dummies! P-stop to 16.45 for the skittish.
Posted at 3:17 PM, EST
I see that the SEC has filed a complaint of fraud and insider trading
"The root of this problem was that Heartland, in order to protect the funds' performance, refused or failed to adjust the prices
of the funds' securities despite numerous indications that the bonds held by the funds could only be sold at substantial discounts
to their carrying values."
Posted at 3:16 PM, EST
The skittish would be 16.27 p-stop for 12 cents of risk, less than 1%. The bold and brave are willing to lose 4 cents more at 16.23.
When asked how much one should risk, a wise man replied "well how much ya wanna lose, boy?"
Posted at 2:50 PM, EST
Here's a look at VRTY which is unusually active today. You can see that the Dummy entry at 16.39 would be a little worrisome, bumping
up against the midpoint. Would it be worth 15 cents of risk? When the triangle resolves that question will be answered.
Posted at 2:47 PM, EST
Hi guys, just checking in here, had a fine trip over. Now I'm safely holed up in the Great Smoky Mountains at an undisclosed location. ;-)
Couple of travel tips: always have earplugs on long flights and don't assume that the 'Asian Vegetarian' meal is going to be
any better than the typical 'chicken or pasta' airplane food.
Posted at 12:32 PM, EST
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