Weekly Reflections 12 Feb 2012

Paulo Coelho : What other people think of you is none of your business.

So here is what I read last week that made me tick. And knowing how every trader hates long stories… I present .. just the headlines !!!

1. Greece and Greece Again : Budget revenues -7.9% vs expected +8.9% >> Its sooner than later if you ask me.
2. Nasdaq hits 11 year high on 7 Feb 12 >> Facebook euphoria intact ? To Buy ?
3. Bankruptcy filings in US falls 11.5% for 2011 >> No companies left to go bankrupt ?
4. Roubini is bullish stocks ! But …. check this out first !  >> Squared my S&P last week.

http://www.philstockworld.com/wp-content/uploads/image/Roubini.png

5. Japan current account balance in 2011 logs biggest fall in history -74.7% >> Earthquake effect ? Buy USD/JPY !! I am Long.
6. HK Gold flow to China 427,877 kg in 2011 vs 118,904 kg in 2010. >> Would appear that the retail investor is buying for currency hedge.

Yet Buffet says this about Gold

http://www.slate.com/blogs/moneybox/2012/02/09/the_gold_bubble.html

7. CME Cuts Gold, Silver, Platinum And Copper Margins >> I am still Long Silv !

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv12-059.pdf

8. Pimco Borrows A Record $88 Billion To Bet On Fed’s Upcoming MBS Monetization which is followed by this Reuters special Special Report: The twilight of the Bond King >> Be scared, be real scared.

http://reut.rs/xUqSNc

9. The Best Proof We’ve Seen Yet That Being On Twitter Can Make You Money

http://articles.businessinsider.com/2012-02-09/markets/31040353_1_reform-deal-twitter-chart

10. The “App Economy” has created almost half a million jobs in the U.S.

http://business.time.com/2012/02/08/the-app-economy-estimated-to-contribute-nearly-half-a-million-jobs-to-the-u-s/

11. Opinion: The truth about Israel’s rumored strike on Iran >> Still doesn’t justify buying Crude ?

http://blogs.reuters.com/ian-bremmer/2012/02/09/the-truth-about-israel%E2%80%99s-rumored-strike-on-iran/

12. Trouble in a carry trade paradise: The RBA can’t cut rates to bring down the Australian dollar >> Any views on AUD/CAD ?

http://www.businessspectator.com.au/bs.nsf/Article/budget-surplus-2012-RBA-interest-rates-monetary-po-pd20120208-R9RGA?opendocument&src=idp&emcontent_ausdollar&utm_source=twitterfeed&utm_medium=twitter

13. CHART OF THE DAY: This Is Why The US Doesn’t Care About Europe >> What worries me is that Big Arrow between Europe and Emerging Markets.

http://www.businessinsider.com/chart-of-the-day-this-is-why-the-us-doesnt-care-about-europe-2012-2#ixzz1m8vZ5Fvv

14. And …. My favourite …. Eventually, Someone Is Going To Profit Off Of This Massive Arbitrage Opportunity >> It’s my mini trump card trade of the year : LNG !

http://www.businessinsider.com/eventually-someone-is-going-to-profit-off-of-this-massive-arbitrage-opportunity-2012-2#ixzz1m8zCFxpx