Archive for June, 2010
CalSTRS Not Daft, But You Might Be
June 03 2010 | 2:07 am PDT
CalSTRS is deter-mining if it will be allocating funds into commodity managers. Regardless of whether there is a boom or a bust in commodities, you know that managers will be long or short as commodities are cyclical in nature, not secular like stocks.
I think a boom and bust mentality is either for a long-only investor, or the physical traders such as Glencore or Continental Grain.
As a futures trader, I’m indifferent to booms or busts. If you’re a long-only investor, put your seatbelt on and then get your head checked for being a moron. You don’t know what you’re doing.
Read MoreS&P500 Still In Downtrend – SPY
The overall trend is still down, although day traders have made a killing playing the volatility. Long term trend following and day trading are both profitable strategies, albeit both have different risk preferences.
The June’s can go to 1120 on this chart and be right at the trendline. On a discretionary basis, my preference would be to look to go short if the contract sells off after reversing off the trendline.
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latest podcasts
Investing is hard. – Tadas Viskanta
Barron’s Striking Price columnist Steve Sears is out with a new book called The Indomitable Investor. The book is a rich discussion about how the market and its participants are oftentimes at odds with one another, and the latter usually paying a hefty tuition bill. Sears best quote from the book goes a long way [...]
I spoke with Jon Najarian about the markets today, as well as his upcoming education event in Newport Beach, CA in late March. What you can read below is a more in depth analysis of what we spoke about, plus it’s admittedly hard to envision the mechanics of option spreads, hence the pictures and graphs. [...]
Jared Dillian, author of Street Freak and publisher of the Daily Dirt Nap newsletter
“365 days a year, it’s Game 7.” — Joe Terranova
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