SIRI Monthly Thread August 2015

[dm_4]

Just a silly comment....didn't actually think he was. $3 calls sounds more like it to me......though a $4 short for a quick trade would have made some dough....not my style though. As soon as I get the balls to short it they'll rip my face off and i'll curl up into a ball in the corner of my office.........after I puke in the can

I think when he suggested shorting it, it was a general comment for those who want to make money both ways...buy 3.90, sell 4, short 4. I have never known sf to short siri the whole time he was here.

[denco1]

Right, not a bad move just that I didn't think he was doing it. Yes, I have seem that comment because of the $4 wall that he has referenced before with the need to get out sellers because of the grind and being there over 18 months ago type of thing.....can't stay under $4 forever though...

[dm_4]

Right, not a bad move just that I didn't think he was doing it. Yes, I have seem that comment because of the $4 wall that he has referenced before with the need to get out sellers because of the grind and being there over 18 months ago type of thing.....can't stay under $4 forever though...

your right...not forever baby!!

[user34615145]

Just a silly comment....didn't actually think he was. $3 calls sounds more like it to me......though a $4 short for a quick trade would have made some dough....not my style though. As soon as I get the balls to short it they'll rip my face off and i'll curl up into a ball in the corner of my office.........after I puke in the can

I dunno, the $4 short would have made $$ 10 times this year so far....probably a couple more opportunities for that before it all over. I'm with you though denco, short options are not for the faint of heart. I've learned to hedge those bets when ever I make them.

[midas360]

Reminds me of an oldie but a goodie...

[midas360]

China is putting the Fed in a Tough Spot

http://money.cnn.com/2015/08/12/inve...llen430pVODtop

[dm_4]

China is putting the Fed in a Tough Spot

http://money.cnn.com/2015/08/12/inve...llen430pVODtop

i doubt rate increase happens...man...who cares even if it does.

[midas360]

Budget Car Rental Offers SiriusXM in Majority of Fleet

http://www.travelpulse.com/news/car-...-of-fleet.html

[user34615145]

China is putting the Fed in a Tough Spot

http://money.cnn.com/2015/08/12/inve...llen430pVODtop

The ironic thing is that China, in a very large part, devalued/decoupled their currency vs. the U.S. Dollar exactly because of an impending rate hike by our fed. A rate hike will further strengthen the dollar against other currencies and since china had at least unofficially been pegging the value of their currency to the dollar, the Yuan was strengthening too...putting a crimp on Chinese exports at a time when their economy is cooling. When the Fed does actually raise rates -and again I don't think it matters so much if that happens in Sept or Oct or eve later, but more the PACE or trajectory of future rate hikes that matter most - whenever that happens, if they did not decouple, the Chinese currency would also further strengthen. I've read more than one article that has claimed a rate hike is already priced in but I think if those folks who ignore or write off the potential impact of the coming rate hike as already priced in the market, foolishly do so at their own risk. The Chinese are lot of things but they are no fools and they acted proactively and prudently for their own good.

A rate hike WILL happen, it's just a matter of when, and it will have and effect on pretty much everyone. If you have a credit card, car loan, private student loan, money in a savings account, stocks, bonds or are considering taking out a mortgage a rate hike will have an impact on you.

[midas360]

This is good information. Thanks for your input. Personally, I think the fed should raise rates in September. If everyone believes it's a non-event then why not do it and get it out of the way.

The ironic thing is that China, in a very large part, devalued/decoupled their currency vs. the U.S. Dollar exactly because of an impending rate hike by our fed. A rate hike will further strengthen the dollar against other currencies and since china had at least unofficially been pegging the value of their currency to the dollar, the Yuan was strengthening too...putting a crimp on Chinese exports at a time when their economy is cooling. When the Fed does actually raise rates -and again I don't think it matters so much if that happens in Sept or Oct or eve later, but more the PACE or trajectory of future rate hikes that matter most - whenever that happens, if they did not decouple, the Chinese currency would also further strengthen. I've read more than one article that has claimed a rate hike is already priced in but I think if those folks who ignore or write off the potential impact of the coming rate hike as already priced in the market, foolishly do so at their own risk. The Chinese are lot of things but they are no fools and they acted proactively and prudently for their own good.

A rate hike WILL happen, it's just a matter of when, and it will have and effect on pretty much everyone. If you have a credit card, car loan, private student loan, money in a savings account, stocks, bonds or are considering taking out a mortgage a rate hike will have an impact on you.