Wednesday, February 10, 2010

Adding some TLT

The long bond etf, ticker TLT (daily view above).

Based on this chart I am comfortable front running, (sorry, that's what Goldman does) rather, not waiting for the break out at $92.50 and getting long a 2nd unit of TLT here at $91.45

Just so you don't think I operate in a bubble shut off from reality, I fully realize that at a recent conference in Moscow, Nassim Taleb (of Black Swan fame) recommended
that:

"Due to the policies of the Obama administration and Fed Chair Ben Bernanke, “every single human being” should bet U.S. Treasury bonds will decline."


So yes, I am fading Mr. Taleb's call.


Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $6.05
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $8.49
Long 1 unit Ultrashort Real Estate ticker SRS @ $9.82
Long 2 units Direxion Tech 3X Bear ticker TYP @ $10.52
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97
Long 2 units Barclays 20yr bond ticker TLT @ $91.40 stop $89.33

Short 1 unit Daimler ticker DAI @ $52.23 stop @ $52.23
Short 1 unit CurrncyShr Aus Dlr ticker FXA @ $89.65 stop @ $91.71

2 comments:

Kiko said...

Did you watch the whole video? it's about an hour long but very good. I've been mulling over Hugh Hendry's comments all day.

http://2010.therussiaforum.com/news/session-video3/

Harleydog said...

Kiko,

yes did catch it, Hendry as usual holds no punches.

HD