Realized Returns
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17% - attachment to follow
Trade Summary
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Sell 1000 UCO @ 7.65 vs. Buy @ 6.70
Buy 2000 C @ 1.60, stop @ 1.30
Markets are making an attempt at a two-day sustained rally, but consumer staple stocks are not cooperating and general sentiment is still very weak. Banks/financials again having a strong day with C, GS (leader), but well off the highs. Interest rates continue to decouple from equities. At one point the Dow in 2009 was down 30% and the 10yr treasury was up 75 basis points. Market optimism about suspension of mark-to-market (MTM) accounting rules is overdone and MTM rules must remain in effect to provide proper information to prospective investors. Risk-reward folks. You buy the risk, deal with the consequences.
Would be happy to see green across the board today, but it is looking more and more unlikely as we progress to mid-day. Tomorrow's retail sales number is the most important piece of economic data this week and the expectation if for a contraction month-over-month from January.
Live from Queens
TM
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