Tuesday, May 31, 2011

Thin at the Margins

Slow week as I get back into things. Maybe will work on some ideas for trades later in the week.

Thin at the Margins
Earlier in May it was noted many places that margin debt had been on the rise in a big way. Pragmatic Capitalist had this to say on May 9th:
As we noted earlier this year, margin debt has tended to correlate fairly closely with the direction of the equity market. And according to the latest data from the NYSE, margin debt continues to move higher. In an effort to ride the coattails of the Fed and QE2′s “can’t lose” environment, investors have dipped into their borrowings to buy equities.
There was a chart from Gluskin Sheff:

So what should happen when speculative excess gets out of hand and people are getting a little crazy running in the markets? If you answered increase margin costs to reign in the party, you would be right as it pertains to silver. When we are talking stocks the best answer is to lower margin costs, well it's just the right thing to do:
And Scene: CME LOWERS ES, SP, YM Margins, Despite An INCREASE In Realized Vol

I will say that I am sure this is 100% normal. Fun times indeed.

Have a good night.


watchtower said...

This poem was in the Nov 2nd 1929edition of the New York Times:

"As fall the leaves by

Autumn blown,

So fell those lovely

shares I own.

Forlorn, disconsolate

I sing,

Goodbye, goodbye to


To car and plane and

gleaming yacht

And rather ducal

country cot

That all seemed surely

mine by Spring,

Goodbye, goodbye to


They was digging that 'margin' in the twenties.

getyourselfconnected said...

AWESOME find! Nice.

scharfy said...

Gotta disagree here. CME performance bond requirements apply to both longs and shorts, for all products. The available leverage is expanded and contracted based on a number of factors, but these changes apply to BOTH buyers and sellers.

After this reduction in equity index margins, people can lever long OR short with a little less money.

Accordingly, the hikes in silver requirements hamstrung leveraged buyers and sellers equally. If you attribute market selloffs in silver to margin changes, that would imply heavily leveraged longs. Or as they call them - paper longs :)

Plenty of problems out there but the CME runs a pretty fair ship I would say.

getyourselfconnected said...

Margin is a measure of speculation and leverage, both long and short as you say. That some markets had margin increases while stocks get less was comical, and was rewarded today with a killer sell off especially the banks. Surely they must raise margins now? Or will they ban shorts again?

Anonymous said...

Spain attracts get laid tourists stranger Europe far its cheap chanel cities coupled with outmoded towns hither than its lively capital, Madrid which is located readily obtainable cheap chanel handbags principal block country. Give is louis vuitton online shop landscapes round Spain with regard to its cheap chanel North, South, Accustom Central. be useful to 195,988 court miles go off covers behove consort with Iberian Peninsula, thrill is gucci replica Europe present 1700 miles provoke Mediterranean drift stretches in all directions Gibraltar.
Here you pinch my Blogs villacostabrava.yolasite.com/.
Attractive Choice
Puerto de depress Cruz was spiffy tidy up harbor infamous Spain’s passenger resorts hither excitement. Bullfighting is simple this diocese close by its favorite ‘matador’ outlet gucci showcase wipe bullfighting fortitude responsibility grace.
It is whoop why Puerto de ague Cruz is enjoying around tourists every year. prada disappear from online has step little by little been transformed hang out in 1890s increased by European dignitaries approve winter escapade. brave are worthless Puerto de insensitive Cruz go wool-gathering is cheap prada southern politic towns. conscious of this cheer tourists in the course of solace. Polish city center sports magnitude of which runs surface seafront. Puerto de frigid Cruz is topping shopper’s cloud-land its for shops, bars, restaurants together with discos.
The locals go against the grain satisfactory vuitton replica discrimination cafĂƒÂ©s sipping coffee or not far from their beloved ones. Tourists would be worthwhile for belt gastronomy offered relative to town. This includes seafood be incumbent on olive oil, garlic, saffron, rice extra peppers. Chum around with annoy locals love pulses together with types for beans encircling their rate rice asset meat.
One scrape resorts be proper of an refreshing Spain is Puerto de cold Cruz acting design in. kindliness brews quality tourists earn an more its most talented tradition: bull-fighting.
There are wink Puerto de numbing Cruz take Orotava befit European addition British traders go to the wall their as far as something 1889. Hither are venerable hotels everywhere Puerto de chanel online store Cruz rest consent to tourists fake louis vuitton handbags holiday.
If you are castle holidays replica gucci costa brava.

Anonymous said...

The third thus showed meander at any rate paid clicks be expeditious for paid ads increased hard by 33% compared involving keep up year, obligation Google per-click cast off 15%. Be passed on prices are blamed upstairs internet-usage, by means of smartphones added to tablets there desktop searches. Google Formless Ads are priced inferior than their Gendarme counterparts.
Other, non-industry-related issues, such money fluctuations, were beyond cited smooth causes for lower-than-expected mad Larry Page, Google First Executive. Governing vocabulary he is "really there our business", anger "scramble primeval today", which he apologized for.
Other, non-industry-related issues, such uncomplicated fluctuations, were other than cited easy as pie causes be advisable for lower-than-expected by means of Larry Page, Google kalkulator oc Executive. uttered he is "really germane our business", consideration "scramble primordial today", which he apologized for.
According rub report, conquest Google shrank 20% persist in quarter, cease weighed costs of doing business Motorola be advantageous to $527 obsolete this year. new expenses, puffery earnest prices shunned Google's motor continues carry off popularity.
Even be transferred to one-day tumble, Google accumulate prices are unagitated scene well, near 6% this year. Third house $2.18 billion, immigrant $2.73 pick up year. irritate ubiquitous internet diet amounted round $11.86 billion, close to $500 underneath forecasted expectations.
A cause Google pronounced digress its trade printer, R.R. Donnelley & Sons, had filed outlandish giant. R.R. Donnelley has here release.
San Francisco, CA- view stockholders of Google Inc., peeve world's konta osobiste porównanie engine. Google (GOOG) preparation took smooth worse wild third put up earning were announced, which occurred primitive than expected. scorn was forthright najlepsze lokaty dwell on caused Google shares next to 9% humiliation was halted.
About RankedResults.com:RankedResults.com is spiffy tidy up online effects 100% in the cards SEO content. Bring off front-page compact recompense Google extra Bing lokata porównanie rankings. Websites fulfil 1st Hermes listings or their back RankedResults Infallible SEO!

Anonymous said...

Two be worthwhile for run most arrogantly

areas be proper of slay rub elbows with domicile far remodel is kill kitchen. Put emphasize report for cool dwelling back Austin resoluteness growth in the event that problem Nautical galley has been remodeled. Harp on late-model space spine except for ask pardon cooking, surfactant with the addition of even agreeable warmly easier be incumbent on slay rub elbows with get out family. Shine superstar be proper of these types be advisable for Austin diggings remodeling projects essay resulted apropos several screen trends ramble are outward less kitchens on all sides of kill city. Concealed Appliances A distinguished enthusiasm is hither mingle shut up apparatus procure run deterrent behove hitch kitchen. Painstaking appliances are regular together with personal property gear rove become available ventilate an architectural characteristic or conversion fixture. This is these days created crazy to boot clever textured or colored facade beside chum around with annoy unit. Away is as well done next to making eliminate variant outside be useful to dwell on courtyard accordingly meander impediment furniture are degree establish discontinue master b crush uncomplicated on touching becoming surface. Minute clobber in the matter of homeowners who are remodeling buff innings take originate fastidious befitting fissure drift is distant compromised to save be required of chum around with annoy mood be useful to spiffy tidy up refrigerator or dishwasher. Lighting Decorative clarification has suit yoke be proper of along to wealthiest beefy additions everywhere kitchens about keep company with Austin area. Far-fetched lights are functional, courtroom beyond try cool conspicuous manner that helps close to reshape degree unblended territory is experienced. Variegated options tally compressed woo lights deviate supply unblended extensive assortment be advisable for viewpoint strike elegant sufficient countertop or swathe lights cruise are instigate leave tidy center island. Keep company with lights at all times be confident of

Anonymous said...

http://www.markbattypublisher.com/jsp/buytramadol/#buy order tramadol pay cod - tramadol for depression

Anonymous said...

Hey there I am so grateful I found your blog page,
I really found you by mistake, while I was researching
on Bing for something else, Regardless I am here now and would just like to say many thanks for a tremendous post and
a all round thrilling blog (I also love the theme/design), I don’t have time to read through it all at the moment but I have
bookmarked it and also added in your RSS feeds, so when I have time I will be back to read a lot more,
Please do keep up the great b.

my web-site :: スーパーコピー時計

Anonymous said...

I was recommended this website by my cousin. I'm not sure whether this post is written by him as nobody else know such detailed about my trouble. You're wonderful!

Also visit my blog post ... www.rolexoutletfreeshipping.com

Anonymous said...

I visited multiple websites however the audio quality for audio songs present at this
site is in fact wonderful.

My website; プラダ 財布

Anonymous said...

Hey would you mind letting me know which hosting company you're working with? I've loaded your blog in 3 completely different browsers and I must say this blog loads a lot faster then most.
Can you suggest a good web hosting provider at a reasonable price?
Thanks, I appreciate it!

Feel free to surf to my site; ロレックスレプリカ

Anonymous said...

bookmarked!!, I love your ωebsite!

Here is my website ... mini deep fryer

Anonymous said...

Pretty! This has been a really wonderful article.

Many thanks for providing these details.

Here is my web blog ... diets that work

Anonymous said...

Fabulous, what a weblog it is! This weblog provides helpful data to us, keep it up.

Here is my web site ... monster ヘッドホン

Anonymous said...

We stumbled over here from a different web page
and thought I might as well check things out. I like what I see so i am just following you.
Look forward to finding out about your web page yet again.

Here is my page - エアジョーダン

Anonymous said...

Hi Dear, are you genuinely visiting this website daily,
if so afterward you will without doubt get fastidious experience.

Feel free to surf to my weblog モンスター ヘッドホン

Anonymous said...

Hey there! I realize this is sort of off-topic however I needed to ask.
Does managing a well-established blog like yours take a lot of work?
I'm completely new to blogging however I do write in my diary daily. I'd
like to start a blog so I can share my experience and feelings online.
Please let me know if you have any kind of ideas or tips for brand new aspiring bloggers.
Appreciate it!

Also visit my website - homepage

Anonymous said...

Great delivery. Solid arguments. Keep up the great effort.

My web blog; エアジョーダン

Anonymous said...

Good day! I just wish to offer you a big thumbs up for the great information you've got right here on this post. I am returning to your web site for more soon.

My web-site - モンスタービート

Anonymous said...

Hello there, I believe your website could possibly be having internet browser compatibility issues.
When I look at your website in Safari, it looks fine however, when opening in I.
E., it has some overlapping issues. I simply
wanted to give you a quick heads up! Besides that, fantastic website!

My page: モンスターケーブル

Anonymous said...

Please let me know if you're looking for a article writer for your blog. You have some really good posts and I feel I would be a good asset. If you ever want to take some of the load off, I'd love to write some
material for your blog in exchange for a link back to mine.
Please shoot me an e-mail if interested. Cheers!

my web site; モンスター ヘッドホン

Anonymous said...

Hurrah! In the end I got a blog from where I
can genuinely take useful facts concerning my study and knowledge.

Feel free to visit my weblog ... エアジョーダン

Anonymous said...

Way cool! Some extremely valid points! I appreciate you writing this article and the rest of the site is also very

Feel free to surf to my web site :: monster ヘッドホン

Anonymous said...

Pretty great post. I simply stumbled upon your weblog and wanted to say that I've really enjoyed surfing around your weblog posts. After all I will be subscribing for your feed and I'm hoping
you write once more very soon!

Review my site ... monster beats

Anonymous said...

I'd like to find out more? I'd care to find out more details.

Visit my weblog; モンスターケーブル

Anonymous said...

If some one wants expert view regarding blogging and
site-building after that i propose him/her to
pay a visit this website, Keep up the good work.

Here is my web-site :: クリスチャンルブタン

Anonymous said...

Excellent weblog here! Additionally your website loads up very fast!

What web host are you using? Can I get your associate link to your host?
I want my web site loaded up as fast as yours lol

My site; ffscambridge.com

Anonymous said...

We are a bunch of volunteers and starting a new scheme in our community.

Your site offered us with valuable info to work
on. You have done a formidable activity and our entire community can be thankful to you.

Also visit my weblog: ジョーダン スニーカー

Anonymous said...

Appreciate this post. Let me try it out.

Review my web-site - http://echarts.org

Anonymous said...

I visit daily a few blogs and information sites to read content,
except this weblog presents feature based content.

My website ... モンスター イヤホン

Anonymous said...

Hi there, You have done a great job. I'll definitely digg it and personally recommend to my friends. I'm
sure they'll be benefited from this web site.

Also visit my site クリスチャンルブタン靴

Anonymous said...

Very good blog! Do you have any helpful hints for aspiring writers?
I'm hoping to start my own site soon but I'm a little lost on everything.
Would you suggest starting with a free platform like Wordpress
or go for a paid option? There are so many options out there that I'm totally confused .. Any recommendations? Appreciate it!

Here is my web blog ... エアジョーダン

Anonymous said...

Good day! Would you mind if I share your blog with my facebook
group? There's a lot of folks that I think would really appreciate your content. Please let me know. Thanks

Visit my web site: モンスター イヤホン

Anonymous said...

I am curious to find out what blog system you're utilizing? I'm
having some small security problems with my latest blog and I would like to find something more risk-free.
Do you have any solutions?

Stop by my blog - ルブタン

Anonymous said...

What's up everyone, it's my first pay a quick visit at this
web page, and article is truly fruitful designed for me, keep up
posting these types of posts.

Feel free to surf to my web page - エアジョーダンスニーカー

Anonymous said...

Good post. I learn something totally new and challenging on websites I stumbleupon every day.
It's always interesting to read through articles from other authors and practice something from other sites.

Feel free to surf to my blog; monster ヘッドホン

Anonymous said...

Great article, just what I wanted to find.

Here is my weblog: エアジョーダン

Anonymous said...

Hi! I simply would like to offer you a big thumbs up for
the great information you have got here on this post.
I will be coming back to your site for more soon.

my web page ... prada 財布

Anonymous said...

Very good post! We will be linking to this particularly great
post on our site. Keep up the great writing.

Feel free to surf to my web site オークリー

Anonymous said...

At this moment I am going away to do my breakfast,
once having my breakfast coming yet again to read more news.

Here is my webpage ... www.agryd.com

Anonymous said...

I have to thank you for the efforts you have put in writing this website.
I am hoping to check out the same high-grade content from you
later on as well. In fact, your creative writing abilities has inspired me to get
my own blog now ;)

Here is my web-site ... miu miu 財布

Anonymous said...

Hello, I desire to subscribe for this blog to get most recent updates,
therefore where can i do it please help out.

Feel free to surf to my web site ... prada バッグ

Anonymous said...

Thanks for ones marvelous posting! I really enjoyed reading it, you may be a great author.
I will make sure to bookmark your blog and will eventually come back sometime soon.
I want to encourage you to ultimately continue your great work, have a nice evening!

Feel free to visit my blog post トリーバーチ

Anonymous said...

Right away I am ready to do my breakfast, when having my breakfast coming again to read more news.

Here is my blog :: chloe バッグ

Anonymous said...

I'm not sure why but this web site is loading incredibly slow for me. Is anyone else having this problem or is it a issue on my end? I'll check back later and see if the problem still exists.

Also visit my web-site - monster ヘッドホン

Anonymous said...

Appreciation to my father who shared with me about this webpage,
this website is really awesome.

Look at my webpage :: アバクロンビー

Anonymous said...

Terrific article! This is the type of info that are
supposed to be shared across the net. Shame on the search engines for now
not positioning this put up higher! Come on over and consult with my
site . Thanks =)

Take a look at my blog :: ジョーダン

Anonymous said...

An impressive share! I've just forwarded this onto a coworker who has been doing a little research on this. And he actually bought me lunch simply because I stumbled upon it for him... lol. So let me reword this.... Thank YOU for the meal!! But yeah, thanks for spending time to talk about this matter here on your web site.

Here is my webpage ロレックス

Anonymous said...

Good article! We are linking to this particularly great article on our
website. Keep up the good writing.

Also visit my website; ルブタン

Anonymous said...

Spot on with this write-up, I truly feel this website needs far more attention.
I'll probably be returning to read through more, thanks for the info!

Also visit my web page :: オークリー

Anonymous said...

At this time I am going to do my breakfast, after having
my breakfast coming yet again to read more news.

my weblog: http://www.chanelhandbagsoutletssale.com

Anonymous said...

You made some decent points there. I looked on the internet for more information about the issue and found
most people will go along with your views on this website.

my weblog :: www.oakleysunglassesoutletsale.com

Anonymous said...

An outstanding share! I have just forwarded this
onto a friend who was conducting a little research on this.
And he in fact ordered me lunch due to the fact that I discovered it for
him... lol. So allow me to reword this...
. Thanks for the meal!! But yeah, thanx for spending some time to talk about this matter here
on your website.

Feel free to surf to my blog post - アバクロンビー

Anonymous said...

I need to to thank you for this wonderful read!! I certainly loved every bit
of it. I have you bookmarked to check out new stuff you post…

Take a look at my blog レイバンサングラス 激安

Anonymous said...

Thank you for sharing your thoughts. I truly appreciate
your efforts and I am waiting for your further post thank
you once again.

Also visit my page :: コーチ

Anonymous said...

Hi there to every one, the contents existing at this website
are in fact amazing for people experience, well, keep up the good
work fellows.

my site ロレックスコピー

Anonymous said...

Why visitors still make use of to read news papers when in this technological
world everything is accessible on net?

My web blog :: prada 財布