SKF (double short US financials) is setting up to test new highs. Click on and take a look at the simple line chart i included as an image here. Notice that the price is following the volume. Now that the double short is breaching 140 it is in rarified air. The financials are clearly breaking down to [Continue]
Uruguay Real EstateIt’s been said before, but I’ll say it again — Uruguay will probably not see the kind of declines being seen in the US — at least not right away. The reason? Mortgage Debt in UruguayWhile not unheard of, it’s pretty rare. Only very recently have banks started to dip their toes back in the [Continue]
a change of pace in the wake of fuBarrio’s death. Today, Sia Furler. A towering talent. granted i’m in uruguay, but why is it that i know that paris hilton and lindsey lohan have released albums and i never heard of this girl until the other day surfin’ youtube? anyways, here is her signing some 4/6 time blues [Continue]
Montevideo, 8 June 2008, AP Newswire – Mourners remembered fuBarrio today in a ceremony that characterized fuBarrio as a “beautiful soul” Many of fuBarrio’s friends and family – typically reclusive characters – were in attendance. fuBarrio’s only son, pictured below gave a stirring eulogy, that in [Continue]
Services for the enigmatic “devil dog” known as fuBarrio have been scheduled for this Sunday. At the request of the public health department, it will be a closed casket ceremony. “Hey, there are going to be little children there,” the Montevideo Director of Health and Human Services was reported as saying. “I mean, [Continue]
AP Montevideo, Uruguay – fuBarrio, blogger and notable bigmouth, cheapskate, and undisciplined trader passed away on Tuesday after a months long illness friends and family reported. fuBarrio had been on death watch ever since Hillary Clinton lost a string of disappointing Democratic primaries in the US presidential election. No stranger to [Continue]
Way back whenIn two thousand-seven….etc etc. (with apologies to Steely Dan) ok, i think the line is actually “sixty-seven” They are buying dollars for 19 pesos even at a bunch of the cambios yesterday…in fact at some of the cambios the spread is an entire peso….5% spread between the bid and ask — good grief [Continue]
I decided to write my post today about “time”. I’m not talking about the bewildering set of time changes you go through every six months if you are trying to synch your schedule with customers or coworkers in the Northern hemishpere. By “South American time” I’m talking more specifically on the value that [Continue]
Today was a massive (nearly 400pt rally in the Dow Industrials). Gold was crushed.The dollar soared.Financials – yes, FINANCIALS – were “en fuego” Despite my recent hypothesis that we were due for a (temporary I was thinking) trend reversal, and my attempts to position around this trend reversal, I got a pretty significant [Continue]
Just a quick break from the workday to follow up on my last post. In my last post, I pointed out that I had a “sense” that things were getting ready to “turn”….meaning the trends: commodities higherdollar lowerUS financials lowerUS stock market lower (in general) …were all getting ready to reverse for a [Continue]
