The Death of the 3-Year U.S. Treasury Note

3 May, 2007 - I came across a very interesting story yesterday that seemed to attract little attention among the mainstream media. This, out of Washington today:

WASHINGTON, May 2 (Reuters) – “The U.S. Treasury on Wednesday said it will end issues of three-year notes after reduced debt refunding auctions next week in response to strong tax receipts and an improving federal budget picture.”

This story is truly noteworthy in my humble estimation Read more …

1 comment May 3rd, 2007

General Motor June 30 Put Options

3 May 2007 - Today, GM reports earnings. Again, though it worked out for us on the BIDU Calls, I generally don’t like holding puts through earnings announcements as it is very difficult to gauge how the market will react to poor or better than expected earnings. As much as I believe GM is headed for a fall, I still will hold true to my 40% stop loss on these positions, possibly using a mental stop loss instead of a “hard” stop loss today Read more …

Add comment May 3rd, 2007