Doin' It Bloggystyle: Wild Thing, UnReal Estate, Tracking Imus, VIX, February Weather
Minyanville brings together the best of what they are saying "out there" about the topics we're talking about right here.
Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering pretty much everything from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.
- Barry ponders the Buy vs. Rent question.
- Foreclosures are skyrocketing in.... New Jersey, says Housing Bubble Blog.
- It's not stopping them from still knocking down every other house here. Until it comes back to market I guess.
- Risky Option ARMS (the mortgage ones, not Gradenko's removable limbs on 24) are alive and well, says Calculated Risk.
So my new ETF designed to track ad dollars on the Imus show is off to a rocky start.
- What's wrong with Oil ETF's? Contango, says Ian Salisbury. (Hat Tip Abnormal Returns.)
- And yes, I can say "Contango" and not violate any sort of Blogger Manners vow, lol.
- If Swedish Bikini Team, Inc. is a stock, it HAS to be in this ever-popular Sweden Index ETF (EWD). Up over 7% this year, says ETF Trends.
- Roger on ETF's for the Lazy.
On the VIX
- Bill Rempel sets out to deconstruct the VIX.
- Not sure where this leads (it's just the first installment) but I agree with the premise.
- My personal thought is that the VIX is a handy tool for a quick glance at what volatility is doing. But it is VERY poorly constructed. It does not account for imminent holiday breaks, expectations of known binary news events (i.e. an employment report, an election, et. al.).
- In other words, to derive any meaning, you need to subjectively relate the VIX you see on the screen to where the VIX should be given the backdrop of general market volatility and realistic expectations for future movement. A 13 VIX could be very cheap or very rich.
- However you slice it, I agree with Toddo's recent thoughts that it may not be the worst time to think about switching into some calls.
It's not just the weather that feels like February.
- Prior to today's moonshot, the VIX finished retracing the 2/27 lift, as per VIX and More.
- Remember the panic about the Yen Carry Trade that's back to where it was too, as Lauriston notes.
- They're even playing Major League baseball in Cleveland again, just filming it in Milwaukee.
- Wait a sec, they did this once before. How about this Major League trivia tidbit. "The home game scenes were filmed at Milwaukee's County Stadium, which has since been torn down, where Bob Uecker, who portrays announcer Harry Doyle, called games for the Brewers and played for the old Milwaukee Braves."
- The French missionaries and explorers began visiting here in the late 16th century.
- During the first half of the twentieth century, Milwaukee was the hub of the socialist movement in the United States. Milwaukeeans elected three socialist mayors during this time: Emil Seidel (1910-1912), Daniel Hoan (1916-1940), and Frank Zeidler (1948-1960), and remains the only major city in the country to have done so.
- "Milwaukee" is an Indian name.
- It's pronounced "mill-e-wah-que" which is Algonquin for "the good land."
- The first female governor in America was LaVerne De Fazio.
- By 1910, Milwaukee (along with New York City) shared the distinction of having the largest percentage of foreign-born residents in the United States.
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