Recent content by SoftBank

Anecdotally we are starting to see some of the larger macro funds get positioned for a turn in Aussie rates/FX. Perhaps the market is already priced and the RBA is chasing a ghost?? I'm not smart enough to know, but maybe unloadmymind could weigh in....

Spoken like a true trader. Unloadmymind, I sit next to guys who deal FX in yards intra-day and one common trait they all have is humility and respect for the absolute fisting the market can give you just when you think you've made it. Besides you lost all credibility when you gave weight...

It was laughable how far off the major investment banks were with their 2013 S&P targets: Goldmans - 1575 UBS - 1425 MS - 1434 DB - 1500 Wells Fargo - 1390 A late 90's style melt-up seems to be what's underway, now driven my FOMA (fear of missing out). I don't like what I am seeing at...

Trippy, the scenario you have painted has a reasonable chance of playing out. Many other countries around the world are also in a much more precarious situation than we are. The mistake I think you have made is using this macro backdrop to predict prices over the short/medium term. Igniting a...

Great topic MTR! I trade leveraged futures so think about this quite often. My thoughts: 1. The bearish, negative or contrarian case often sounds more intellectual or sophisticated. They will always be right at some point but very few will make any money. 2. Being right is more...

Seems this part of the market has been flying especially in the $400-600k bracket. I'm seeing a preference and trend towards this type of living from young people, some pent up demand and some general capitulation from the property-bears. We could see some further speculative activity in...

I trade stocks, currencies and futures for a living. Writing options is one area I stay away from. The market makers in this market are extremely sharp and it's difficult to get an edge without taking inordinate risk. There are many examples of people making consistent money, month after month...