Oct 29 2008
I’m loving it. Slowly moving money from T-bills $100 to $200 per day.
UPDATE @ 2:03 AM on Oct 30: Okay, this is not the time to be crazy. I’m not buying more TIPS. Why not?
1. I still think TIPS are an excellent deal, but this is not the time to use up all the free [...]
Oct 28 2008
Semiconductor stocks are getting ridiculously cheap.
CPUS+graphics
AMD under $3?
INTC under $15?
NVDA around $7?
Discrete analog
ADI under $20?
LLTC barely hanging onto $20?
Semiconductor manufacturing equipment manufacturers
LRCX under $20?
AMAT under $12?
NVLS under $14?
The spiffy stuff
BRCM under $17?
MRVL practically at $6?
FPGAs
XLNX around $17?
ALTR: Same as XLNX?
I would be shocked to see ADI and LLTC go any lower, but I wouldn’t touch [...]
Oct 27 2008
Today’s 5 year TIPS auction had a pre-inflation adjusted yield of 3.27%.
http://treasurydirect.gov/RI/OFNtebnd
Meanwhile, the yield on the 5 year conventional bond was yielding 2.67%.
In other words, if over the next 5 years, inflation is greater than -0.6% annualized, you would be better off buying the TIPS bond instead of the conventional bond.
This is such a good [...]
Oct 25 2008
Just wow.
I am definitely going to exchange more of my T-bills in my retirement account for TIPS. The bond market is definitely pricing in a few years of deflation. This kind of buying opportunity is one of the reasons you should keep extra cash sitting around in your retirement account. If this fund continues to [...]
Oct 25 2008
My mother just sent me this e-mail and I cannot believe this crap.
Grandma left me a voicemail saying that Obama is a Muslim and that his campaign funding has come largely from terrorists. Is it true? What should we do?
I can’t believe I always have to deal with a bunch of misinformed Republican butt kissing [...]
Oct 22 2008
Bought 1 IWM Dec 45 put
Sold 1 IWM Nov 45 put
Bought 1 IWM Dec 55 put
Sold 1 IWM Nov 55 put
Completely non-directional trade. Trying to milk premiums.
Oct 18 2008
I clicked on a McCain campaign web ad (why the heck not?) and saw some of his videos. I noticed this…
Oct 18 2008
Inflation protected securities are starting to look very attractive. They have taken an absolute pounding the last month or so.
If you compared the following funds over the last few months:
VIPSX – Vanguard Inflation Protected Securities Fund
VUSTX – Vanguard Long-Term Treasury Fund
VFITX – Vanguard Intermediate-Term Treasury Fund
You’ll see that VIPSX has been absolutely pounded. Keep in [...]
Oct 15 2008
Bought 1 QQQQ Oct 34 call for $0.40. It expires on Friday.
If max pain theory is wrong this time, then my option expires worthless and I lose $40 + $2.95 commission.
If max pain theory is right and QQQQ goes to $40, the option I paid $0.40 for will be worth $6.