I did it for doodle

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MediumTex
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I did it for doodle

Post by MediumTex » Tue Jul 26, 2011 11:17 am

doodle's Chicken Little act finally got to me and I went out and bought some TLT August 97 calls.

I picked them up for .75.

Maybe my bravado in taking the other side of his trade will help loosen up his thinking a bit.
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
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Lone Wolf
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Re: I did it for doodle

Post by Lone Wolf » Tue Jul 26, 2011 3:15 pm

Impressive!  Note that you lose "bravado points" if you hedge it with leather chaps and sawed-off shotgun futures.
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Re: I did it for doodle

Post by tennpaga » Tue Jul 26, 2011 3:21 pm

I really like the phrase "I did it for doodle".
* Gresham's Law: Bad behavior drives out good.
* Gresham's corollary: Avoid participating in systems where good behavior cannot win.

https://fs.blog/2009/12/mental-model-greshams-law/
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Re: I did it for doodle

Post by MediumTex » Tue Jul 26, 2011 4:11 pm

TennPaGa wrote: I really like the phrase "I did it for doodle".
It's the truth.
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
doodle
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Re: I did it for doodle

Post by doodle » Tue Jul 26, 2011 8:35 pm

:) I sincerely hope that is profitable for you. Actually I think that is a pretty smart short term debt ceiling trade. Longer term I still think you would be better off with some puts.

I hope I haven't become a contrarian indicator ;D
All of humanity's problems stem from man's inability to sit quietly in a room alone. - Blaise Pascal
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Re: I did it for doodle

Post by Gumby » Tue Jul 26, 2011 9:21 pm

Excellent lecture from Richard Koo on why we have contracted Japan's economic disease — a 'Balance Sheet Recession'...

http://youtube.com/watch?v=OWGDWYB5KZ0

(Hint: Flip the resolution to 720p or higher to see the slides clearly)

You can also flip through the slides here.

Some striking similarities between our two countries.
Last edited by Gumby on Tue Jul 26, 2011 9:40 pm, edited 1 time in total.
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
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Re: I did it for doodle

Post by MediumTex » Tue Jul 26, 2011 9:47 pm

Richard Koo is always thought provoking, though he never quite gets to the part where any of the sovereign debt is paid back.

Maybe that's the point--in his world tomorrow never comes; it's always an abstractin kept at bay by ever more elaborate central bank maneuvers.
Last edited by MediumTex on Tue Jul 26, 2011 9:49 pm, edited 1 time in total.
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
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Re: I did it for doodle

Post by MediumTex » Tue Jul 26, 2011 9:50 pm

doodle wrote: :) I sincerely hope that is profitable for you. Actually I think that is a pretty smart short term debt ceiling trade. Longer term I still think you would be better off with some puts.

I hope I haven't become a contrarian indicator ;D
What puts would you buy?
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
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Re: I did it for doodle

Post by doodle » Tue Jul 26, 2011 10:10 pm

Puts on good ideas and clear thinking. I'm buying calls on more stupidity. :)
All of humanity's problems stem from man's inability to sit quietly in a room alone. - Blaise Pascal
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Re: I did it for doodle

Post by AdamA » Wed Jul 27, 2011 1:00 am

MediumTex wrote: doodle's Chicken Little act finally got to me and I went out and bought some TLT August 97 calls.

I picked them up for .75.

Maybe my bravado in taking the other side of his trade will help loosen up his thinking a bit.
I love it.
"All men's miseries derive from not being able to sit in a quiet room alone."

Pascal
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Re: I did it for doodle

Post by AdamA » Wed Jul 27, 2011 9:54 am

MediumTex wrote: doodle's Chicken Little act finally got to me and I went out and bought some TLT August 97 calls.
Why $97?
"All men's miseries derive from not being able to sit in a quiet room alone."

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Re: I did it for doodle

Post by MediumTex » Wed Jul 27, 2011 10:09 am

Adam1226 wrote:
MediumTex wrote: doodle's Chicken Little act finally got to me and I went out and bought some TLT August 97 calls.
Why $97?
I just liked the risk/reward of that trade.
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
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