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Well then glad I asked.....was thinken u r were sayin to beg thinken goin long w/it.
So your sugg fits right in there along w/my style in genl....wait for the volitile moves & go the other way....which seems to be the opposite of what many here like ta do...which is..the trend bein your friend strat.
Is that your phone ringen?
OK...I'm back to drinken the kitty water....
BUT Zen Master Feline.....when u say manipulated....I surely get that but u leave us in the dark about the direction...r we thus to assume that from lookin at the chart that u indeed mean manipulated to the north? ahhh er or the opposite direction it's been trendin.
Hard ta imagine the other direction....unless the kitty has been short on the bottled water & drinkien straight off the tap on its' Natl US Tour :0
Check that phone around 9a my time.....will try ya as I'm kidless & walkin oudda Sbux w/my fix.
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
take the money & run...post & run....sure....just keep teasin us ;)~
Here's 1 "Guru's" (no, not I....I dont profess 2 b a Guru....not even one on the Inet) eur/jpy commentary...& what about the belief that this pair has been a real good dow barometer as of late...interesting.
It appears that this component is just about bottomed out or may bottom out in one bar or maybe two bars and begin tossing prices higher to galvanize its reversal. But see that your diagonal S line, that holds prices as supports in the immediate low levels of 116.05/10s stays in tact to prevent prices from further skidding --- as violation could reset the stage for a test of our next overhang (support) seen at 113.70s for a possible “double bottom.” --- but if it cracks open as well, 111.50s/60s next supports comes into view for another round of bearish onslaught, but this time, with a high percentage of a good solid bounce (correction or buoyancy) of around 500 or 800 to 900 plus pips
As mentioned above, the bears can begin getting pinned any time and the expected firmness or buoyancy could last for 2.5 or 3.5 days and could chew up 500 plus points (magnitude) on the upside, but if favorable fundamental factor(s) hits the wire, could add wind to the sail with a total time run of approximately 7.0 to 8.5 days to gobble up 900 plus pips or as much as 1200 to 1300 pips. But again, keep tab that the supports aforementioned are not managed considering that the monthly cycle (long term component) is still on a nose dive.
Hourly 4 Chart Outlook:
This short duration component next to the Daily looks unstable at this time (uncommitted on both sides). The nearby and vital supports emerging at 114.90s could get tested and if breached, 111.50/60/70 looks compelling for some visitation, unless rescued by some bullish reversal soon. Your Hourly 1 is likewise not looking committed on the upside and is tipping towards south at this time. But there is a gap on the upper side towards the approach of 118.10/15 and this may become a magnet for some price climb or buoyancy in the interim. Unless the Daily cycle comes to a halt on the downswing, the momentum from the Weekly component may continue to arrest further bullish counter play. There should be some visible trend after the next few hours. Let the market play it out as we are still expecting the bulls from Daily component to get their act together.
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Will ya jus lookie at the 1 mos usd/cdn chart....
approx 30% to the north from approx 3 pennies above par....know wonder the spreads are crazy....& Oanda is currently showin a 5 handle on it. :0
Tryin ta wait & see if 92.50 presents itself.
& cAt....thx for the tour update....indeed, amazing times they are.
Hey, anyone here read Greenspans Bubbles yet?
Comments most appreciated.
Well now if that dont describe your
Danger Will Robinson
talk about back taxes :0
I hope u realize u have opened up ol Pandora's Box.....
Carnival Tricks & Ammusement
Crappy Trading Assoc
Community of Tailgating Assholes
good thing I aint bored right now eh ;)~
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Here it is...the clip I've been waiten for....
& now a word from our sponsors ;)~
http://shop.votenader.org/wall-st-greed-brings-the-house-down-dvd-not-autographed.aspx
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
;)~ NEW YORK—Wall Street investors experienced a sudden surge in optimism Tuesday when, after six tumultuous weeks that saw record drops in the Dow Jones industrial average, a $1 bill was spotted on the floor of the New York Stock Exchange.
The dollar bill was discovered in the northwest corner of the trading floor at approximately 12:05 p.m., and its condition was reported as "crinkled, but real." Word of the tangible denomination of U.S. currency spread quickly across the NYSE, sending traders into a frenzied rush of shouting, arm-flailing, hooting, hollering, and, according to eyewitnesses, at least one dog pile.
"With credit frozen and the commercial paper market poised on the brink of collapse, this is the most promising development I've seen on Wall Street in months," said floor trader Tim Formato, one of hundreds who gathered around the $1 bill and excitedly called their clients to inform them that they were looking at actual U.S. tender. "I think I touched it."
According to witnesses, the trading floor was soon abuzz with energy, as traders pointed at the dollar and repeatedly shouted "Look!" and "Money!" A proposal to divide the $1 note into 1,300 equal pieces and distribute them amongst investors was considered, but ultimately rejected. Early reports estimate the dollar may have passed through as many as 65 hands before disappearing in the late afternoon.
The bill's absence, however, did not deter the growing enthusiasm from those on the trading floor. By 2:15 p.m., more than 60,000 shares had been purchased in the new publicly traded asset, DLR, after brokers placed a flurry of calls advising their investors to buy into the booming single-dollar market.
By the close of day, economists were estimating the dollar bill's net worth at just under $270 million.
"We couldn't be in a better situation right now," trader Patrick Kady said. "Unless of course it had been a euro."
However, some financial advisers are warning against the rampant speculation the dollar has caused on Wall Street. Many have cautioned investors not to make rash decisions, such as liquidating all their low-risk government bonds in order to sniff the green paper bill for just a minute.
"I bet it smells like rose petals," mutual funds specialist Ken Stoute said. "My friend's friend Tim Formato? He's on the board at Westminster Securities and he says he touched it. He said it was warm and soft and wonderful. He said he knows where it is now, and I can put in an option on seeing it tomorrow for only $85."
Since the appearance of the dollar, the Dow has spiked an impressive 993 points—its largest gain ever. Initial numbers are showing the most sizable rises in technology stocks, a trend some are attributing to Microsoft's CFO Chris Liddell, who toured the trading floor Tuesday morning with the bill stuck to his left shoe.
The overall projection for the market following the incident has been positive, with many analysts claiming that the $1 bill may be an indication of other spare change lying around. This, coupled with reports out of Europe that there is a German college student who has not yet hit her credit card limit this month, could be enough to stabilize the Dow and jump-start the global economy once again.
"This is just another sign that the U.S. economy is as strong and resilient as it has ever been," said Richard Fuld Jr., former CEO of Lehman Brothers. "I'm just glad we finally have these credit and subprime mortgage loan crises behind us. This $1 bill will carry us through another 10 years of reckless, unregulated borrowing.
Added Fuld, "Just for God's sake, don't invest it in the stock market."
http://community.marketwatch.com/groups/usgeopolitics-solutions/topics/dollar-bill-floor-sends-wall
Hedge Fund Implode O'Meter
too funny....diggen 'round Jesse's Yankee Cafe Blog
http://hf-implode.com/
& I think I've found my mrktg slogan....
"Hubris, extreme leverage, and other people's money" :0
Yeah....gonna be next to impossible for someone like myself who only has a BS in Biz w/the Entreprenurial Mngmt Minor to bust into this field professionally. Was doin some more diggen on the matter...the finance/econ MBA & or Phd is pretty much a must.....grrrr!!
Guess it'll have ta continue b'n a "hobby" or I eventually make a go if it on my own....then after builden the live track record trading log, try ta get others ta drink my 4x kool-aid & use good ol' opm. :0
Thx Nettles & Jester for the links....Nettles, nope, dint have ta log in....page loaded jus fine tyvm! & Jester....interesting blog there....indeed as for me, from the lil I did read, it's def viewed as preachin to the choir. Having said that, Daiello, you may wanna book mark that blog as well so you'll have a contrarian view from that of your own....always a good idea to do imo..listen'n to what the other camp is sayin....ya don't have to subscribe to what's bein said, but by the same token it helps to balance things out for ya.
OK....1/2 time's over.....but do I really wanna go back 2 watchin this game.....man alive has it been lean yrs for pro sports in the bay area....my Raiders sure have SUCKED for way too long now...& I'm afraid that wont be changin n e time soon....at least as long as Al continues callin all the shots....comittment to excellence....err how about comittment to EXCREMENT!!! tphhhffttt!!!!
thx to Simple for this read....
http://www.321gold.com/editorials/wallenwein/wallenwein101408.html
It's been 2 long since I went next door & paid our neighbors a visit.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33115923
knock knock.....
hey there SG....thot I'd stop by & say hola.....good read there...thx....u dont mind if I post it on the "other" board do ya...of course w/due credit.....good, dint think so...hehe
Indeed the gold play seems to have been busted...& for quite sometime now. It has def made me scratch my head as well. Having said that here's what I'm beg ta believe on the matter.....& I'll start w/my current position which is...at these levels I still consider myself to be both a equity & dollar bear....tho not quote as much as a few weeks ago.
OK....just how much lower do we think the US equities will go? As for me, I've been sticken to my Dow bottom call of 72-7500...& lately I'm beg ta think that this level may be too low...at least I'm hopin so. Now on the greenback side, I'm a lil more confident of a retrace there...especially considering the rally mode its' been in. Tho here too I'm also beg ta think that I'm gonna need to be revisen my mid 50's to low 60's bottom call to the next range north....mid 60's to low 70's. I'm not sure when this present flight to the greenback will end?...for which much of it I feel is foreign capital bailin oudda the Eurozone. However as the greenback continues to rise I think it may be safe ta say that when it finally does begin to retrace...it may not be quite the dramatic fall as I was originally thinken we'd be seein....at least not all the way down to the mid 50's - low 60's.
Now how will gold fare thru all of this? Tuff ? indeed....you can subscribe to the school of thought if the Dow is close to the bottom here, more & more equity dollars will be flooding back into the mrkt & helping to support a new range here in the dow. Now pls don't get me wrong, in no way am I sayin we'll be seein a huge rally in the equities anytime soon...at least not one that's gonna be sustainable. IMO any rallies we may see we'll simply hit a ceiling of selling pressure as folks decide to either take profits or simply re-tool more so into cash. So as for gold, sure, in the long run I do feel these levels are fairly safe, in fact if you can hold for a yr or more I think one could do fairly well w/a gold position down here. However in the shrot term, I'm not so sure that gold will be spiken all too much...or like the dow, sustaining any rallies to the north for all too long.
A real tuff mrkt indeed as many of the fundamentals & trading rules seem to be in the process of being re-written....& all the while the currencies are going thru the mother of all re-handicappings....& as it should be considering current mrkt dynamics & enviornment.
Indeed there's tons of mid to large cap value out there right now...at least for the long haul....it's the short term call that's the huge bugaboo...as always I guess. So what I'm sayin is....not so sure gold is gonna be the short term winner that some think it is? Especially if commodities remain at present levels.....& I should add....it's a damn good thing they've retraced...especially oil...can u imagine where the US economy would be if the commodities stayed where they were thru all of this....OUCH!!!
At any rate....it'll be interesting to see what helicopter boy does this coming week....imo if he had any kahoonas at all he'd be keepin rates right where they are or even dare I say raise'em a 1/4 :0 I'm guessin tho that he'll bow to all the pressure & lower'em to make everyone happy....which may give gold a lil short term pop perhaps....but who really knows?, surely not I....this sure aint your Daddy's mrkt (well, maybe your Grandaddy's...lol) any'mo. ;)~
Thx again for the read....good stuff....& pay us another visit when ya got the time over at the other place y dontcha.
OK, just about time for Kick Off...
Cheers!!
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
& an even better post....
was gonna ask Nettles if she could pls copy & paste the link to all the good reads she shares....ya ya ya, I know...I'm a lazy arse who thinks it's too much trouble ta goog ;)~
Hey cAt....wut up....they aren't still holdin ya hostage done there deep in da heart r they? Have ya made it any further out west? Ya know that nasty ol' man winter is right 'round da corner & they say there's nowheres else better 2 b during this time o'yr.
Continued happy trails I trust?
Cheers!!
Nah....keep him fully focused in the currency division.....the mrkts r already saturated enuff w/all the young equity hacks.....much more of a need for decent 4x Guru's....& if I aint mistaken, isn't the rookie pay a tad better on the currency side?
& now back 2 the game
Hey...who am I to tell ya ta not reach for the pot @ da end of the rainbow?
All I was sayin in short was...that it aint pretty out there will continue to actully get worse b4 better....that much I am pretty confident about...& it's not just the opinion of yours truly.
But by all means...knock'em dead kiddo....I think it's safe ta say & that I can speak upon the b 1/2 of everyone else here when I say that we all b a rootin 4 ya.
my exact words were....
"even if he's fortunate enough to even be able ta find a job, I wouldn't be expecting for an outfit to be willing to pony up for the MBA, Phd, etc....on top of the sal....."
So here's 2 u being fortunate enuff....& while u r @ it...y not ask 4 a weekly carwash that includes a full inside & out detail along w/the free parking space you'll no doubt be gettin as well? Heck Beave, it can't hurt ta ask as they say, eh? In all sincerity, mo'powa 2 ya's Champ!!
I'm all for the defiance of odds....& speakin of which.....time ta run out & check my past lotto tix & buy my 2 for tonight ;)~
Hey....this past Wed night 2 folks hit paydirt out here in Cali for 26.5M each!!....so y not me next? & knowin my luck....I'll hit it right after someone else hits it & resets the jackpot down to the lowly 7M chump change.
http://www.calottery.com/Games/superlottoplus/winningnumbers/
Well at least there's also the Mega Lotto on Tues & Fri nights which double my odds of winning....hehe
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Indeed...from what I've heard, ya gotta Windows it....especially for 4x. Note that I have no experience whatsoever w/Mac's but can tell you from what I've heard from Mac users who've given it a try....it aint worth fighten it. It can be done however, just not an E Z thing to do unless u r computer savvy & know the shortcuts that will make your config'n & compatibility issues work.
You can get a cheap windows based laptop now-a-days for approx $6 ta 700....& 2 gigs if I aint mistaken...maybe even 3 by now...or at least the upgrade to 3 wouldn't be too bad....especially considering the relatively low entry price of $6-700.
Continued GL w/it all.
Cheers!!
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
& just as I was beg ta rethink my dollar bear position....
tho I'm still of the belief that eventually the dollar will indeed come back down to earth (especially as it continues to rise...lol) eventually....I'm not so sure that it'll fall down to my high 50's low 60's call....maybe an eventual high 60's low 70's base w/a low-mid 60's bottom?
Was tellin Daiello that I was listen to the old farts on the show that was on after Fast Money last night...guess they're replacing Kudlow & Co w/this show..."Is your money safe?"....guess it was gettin embarrassing for Kudlow ta keep preachin Goldilocks ad nauseam & that there's no recession....all the while the dow is tanking...lol
Anyways...they were makin the bull case for the dollar....sayin the run is due to a recent influx of foreign capital since the US appears to be stronger than anyone else...admittedly much to what Daiello has been sayin here.
Having said that however, & especially hearing this news from Nettles, I'm not so sure how much more the dollar can rise? I guess that all depends on when most of this foreign capital in question is finally done makin its' way over here? Then there will be nothing else left to support further moves to the north...unless the broader indeces do indeed get down to the bottom call I have of 72-7500.....if that comes to fruition then I suppose that allocation needs ta go somewhere & in turn may very well help to support the dollar at these levels.
I guess the really difficult thing for me is to not account for any of the fundi's & just stick to t/a....I suppose the chart will tell us when this current bull dollar play is over.....no need tryin to call the top which has been down right impossible...mainly for the reason that the fundi's seemingly mean squat now a days.
Thus the call has def been long dollar & will continue to be as such until we fianlly beg ta see evidence (from the chart) to the contrary....so why fight it?
So going forward, even tho I think there's far more downside risk to come, I'll play the contrarian position & go long til I beg losin....albeit w/the lightest of nibbles.
& Jester....agreed in so much that the sooner we get thru all this & take the meds that need to be taken, any moves north (both equities & greenback) should not be viewed as bullish fundamental moves & thus deemed artifical in nature...at least until we have blame placed, dues paid & a few new rules & regs intorduced. Then & only then will I return to the happy-go-lucky rah-rah-rah Yankee Doodle Bull ;)~
& w/re to that school vs career thread from ystrdy....somethin else I was tellin Daiello.....ystrdy Ratigan was on the NYSE floor speakin to some old fart w/re to the current Wall St/finance employment situation & over the next coupla yrs going forward....he said that when he speaks to individuals who are planning on graduating w/in the next coupla yrs he's been tellin'em that....
"for the next few yrs it's either gonna be Mumbai, Dubai, Shanghai or...goodbye" :0
Indeed that pretty much sums it all up....making the question of wether ta stay in school or further along one's education a no brainer. However in Daiello's case....even if he's fortunate enough to even be able ta find a job, I wouldn't be expecting for an outfit to be willing to pony up for the MBA, Phd, etc....on top of the sal. I'd be preparing myself to simply be happy w/the sal & be expecting very limited perks, if any at all. It's surely gonna be slim pickens out there for awhile....& if ya think it's bad now....we'll lets just say it aint gonna be gettin any better...at least prepare yourself for all of '09 to be in the crapper as far as employment in genl goes...& most especially anything in finance.
So the best advice one can lend for todays mrkt enviornment, I gotta say stay in school...especially if you have the luxury of a low overhead, living @ home, no fam, etc. & to that point....never, ever leave home w/out a few Trojans...& do leave the American Express at home...at least until the economy begins ta show signs of picken up some :0
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Indeed...I played the usd/chf a lil while ago....
went short @ .682 & covered @ .646
then went long @ 662 & covered that @ .689.
The channels there seemed like a no brainer & as it turned out, it all matured quite quickly....was able to bail just a few mins b4 the close.
Sometimes u r the windshield ;)~
stop making all this sense already....I can't understand ya.....u 2 Kermit ;)~
Hey....wadda ya know....it's IHUB Happy Hr.....wooo-who!!!
Cheers!!
a crap shot....
sure I can buy that...at least during times such these. However when things finally decide to settle down it's much less a crap shot....at least less of a CS than that of the pennies that's for sure.
Right now t/a aint as reliable as it usally is w/4x...which is one of the things I mean when I say "settling down".
But when the mrkt finally does find its' zone & all the currencies have gone thru the rehandicapping process, I think you will find that for the most part, it's not quite as difficult to forecast future moves as it is w/the pennies.
& yes, as far as 4x goes....you really shouldn't get too hung up on wether to go short or long....let the charts tell you that...ie let the mrkt come to you & go along for just a small part of the ride....there's no room for greed in this exchange...it will wipe ya out faster than you can say TARP! :0
Into the US close here & wadda ya know.....the case for this bein a bottom just got a lil stronger....still not sold on that one however....tho I will admit....down jus 200 +/- could be seen as bullish...as strange as that sounds...lol
Bein that it was down over 400 oudda da gates tends to make one feel that way I suppose....a fairly nice recovery there to cut those losses in 1/2.
Chalk 1 up ta camp Daiello & da dollar Bulls ;)~
& Sept existing home sales up 5+%.....someone pinch me :0
Perhaps this was one catalyst to help offset those early losses?
http://biz.yahoo.com/ap/081024/economy.html
Cheers!!
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
edit: & will ya jus lookie here @ the 6 mos sds
http://finance.yahoo.com/echarts?s=SDS#symbol=SDS;range=6m
There's some serious dough bein made out there.....folks like Fleckenstein I'm sure have been doin well.
http://www.fleckensteincapital.com/index.aspx
'n I also gotta think Dennis Gartman has been doin OK too.
http://www.thegartmanletter.com/
2 Guru's here who've pretty much been calling this mrkt....both are regs on Fast Money...2 of my favorite guests.
edit: & how could I forget pumpin Flecks book, "Greenspan Bubbles" ? Shame on me ;)~
http://www.amazon.com/Greenspans-Bubbles-Ignorance-Federal-Reserve/dp/0071591583
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
yeah....especially if u r long the sds ;)~
& UB on da frac long....indeed that chart looks 2 b settin up for a good short here...tho if it happens to nudge up say another 10 pips or so b4 the US close today....I'd nibble on it even bein that it's a Fri....then again, it aint my ammo...lol
But agreed, goin short @ .169 or higher if u can get it looks like a real nice call....gl w/it Bud & thx for the heads up there.
So where are we now....still in that -325 ta -375 range....not bad considerin....tho w/a lil over 90 mins ta go...if it don't begin headin moreso to the north....lookout below would be my call goin into the close....we could easily double that to -700 +/- as folks wanna grab their wknd beer 'n smoke change. Still tho....at least it aint lookin like a -1K day as it was early on when it was down 400+....fee-u....at least not all @ once now.....tho funny....I got Zeps "your time is gonna come" playin in the background :0
& now it's changin over ta Ramble On...hehe
Listen'n to the ol' Jimmy Page 3 disc Remaster set from well over a decade ago...your basic classic Fri afternoon pre-req.
Especially when we see such a sea o'red here.....or perhaps we should be calling it da Dead Sea? :0
http://www.bloomberg.com/markets/stocks/movers_index_dow.html
PS
Daiello....mail call.
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Eidt: A loaded ? 4 sure....guess it depends on how YOU feel about it....but since ya asked I'll bite...
no one can take an MBA away from ya.....if later on in life ya find trading & or the mrkts aint for you...the MBA should serve ya well. Same is true of course if you dont change your mind.....so no harm at all in obtaining the education.
On the other hand....there'e no substitute for real life experiences....doin it typically gets ya more educated at a much faster clip....no doubt. Kinda like what Trump (like him or loathe him) has been known ta say on the matter....tho as I recall, he also is all for the education.
Tuff call & is a very individual question...& I don't really know u well enuff to feel all that good about sayin what may or may not be best for you....but thx jus da same for askin my opinion...mighty nice of ya ta want my doomarse opinion.
As for me....I just got a simple BS in Biz (Cal State Hayward....tho they've since changed their name to Cal State East Bay) w/a minor is Small Biz & Entreprenurial Mngmt....think it was back in 89 when I finally graduated...I was on the 5.5-6 yr plan....2 yrs at a local Jr. College b/c I was teaching (tennis...I was a certified pro & taught at a local club as the Asst Pro) my way thru college & needed ta keep my overhead down...was also living on my own. It was very tempting to quit school b/c I was makin approx $30/hr on the courts & could easily teach 8-10 hrs/day....tho I pretty much kept it p/t....also b/c I was on the team as well so that took up much of my time during the season.
Anyway, as it turns out I am happy I finally did get the degree b/c now at least I can put that on the reso & not have ta worry about goin back....especially at today's prices....which is why we dump $$$ each month into the 529's....dont even wanna think what tuition is gonna be in 12-15 yrs time.....OUCH!!! tho of course we're hopin for some sorta sports scholarship....both girls do seem fairly athletic....mom was a jock too....she was on the ladies tennis team which is of course how we met...so it seems the girls may have an interest in sports...def the older one....whose beatin up on the boys in 1st grade....they can't keep up w/her whatsoever...running...shootin hoops, etc. it's really funny ta watch all the boys treat her like some sorta kiddy sports star...lol
Anywho.....back to the mrkts....here's another reason why the mrkts need to retrace even more (as if we need another reason..lol)..they wanna unwind the CDS's to the tune of
10-1 as I was hearin ystrdy..from 65.5 trillion all the way down to approx 6.5 trillion.....so that's alotta pain still ta come.....we gotta get all that toxic chit oudda da toilet bowl 1st b4 we can even begin ta talk about bein healthy & movin upwards...at least fundamentally wise. & I don't care if the fed is printen the $$$ to take care of it all....there's gotta be a price ta pay in whichever way they choose ta "fix" the problem. & that's an entirely different matter of course. Are they really gonna be fixen the prob or will they be creating more probs for us down the road w/the way they are handling it? This Kashkouri TARP dude doesn't seem like the right "Puppet" to me....but that's a different story for another day.
I just hope the next regime can put the right folks in place to handle all this so that we wont be creating a bigger snowball of a prob down the road....surely Obama's 2nd term will hindge upon all this no doubt.
OK....break time....gonna take an hr or 2 off...holding sub 350 here.....tho it sure is smellin like a sub 1K Fri.....guess we really wont know til that critical last hr b4 the close....hang on folks...this has the making of yet another ugly Fri :0
Thx for the PM heads up.....I typically dont even check that box...but I will contact ya later on fur'sure.
til then...cheers mah Fren!!
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Edit: Dang...u r young...lol....
it wasn't all that long ago....I'm beg ta think u r one of those 12 yr old college student Phd whiz kids ;)~
Here's how I look at it.....I have 15 mins to add somethin....so I can at a minimum do 30 posts a day....lol
Just keep replyin real quick so that I can go back & edit....or if ya really wanna shut me up fast....wait 16 mins b4 replyin....hehe
Now get back ta class already will ya.....we need you young 1's ta focus on fixen this mess we're so busy creatin for ya :0
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Edit: My ? is...what are "curbs"? Dont you recall those? I understand & have heard of circuit brerakers b4....just curious as to why we haven't seen "Curbs In" for awhile?
Guess it's time ta goog....I'll edit this post if I find out what Curbs are/were....maybe they no longer use'em w/all the changes that's been goin on....no shortin, etc?
Found it.....that 'splains it I suppose....hasn't the uptick rule been removed?
Dear Yahoo!:
I like to watch the stock market report. Most mornings, next to the Dow Jones ticker I see the phrase: "Curbs In." What the heck are curbs and why are they in?
Philip
San Bernadino, California
Dear Philip:
To find the skinny on "curbs," we checked the Yahoo! Reference and Guides category (under Business > Investment). There we found a very cool site called The Investment FAQ. FAQ stands for "frequently asked questions" and if "What are trading curbs?" doesn't qualify, then who knows what does.
We headed straight for the site's front-page search box, entered the word "curbs" and a single result was returned: an article titled "Exchanges - Circuit Breakers and Other Trading Restrictions."
There we found an explanation of the New York Stock Exchange collar (also known as Rule 80A), which is what they're talking about when they say "curbs in." Here is an excerpt:
This restriction is triggered if the Dow Jones Industrial Average (DJIA) moves up or down by 50 points�. If this trigger occurs, program trading curbs are put in effect. Essentially, a key computer is turned off, so program trading must be done 'by hand.' This rule is also known as the 'uptick downtick rule' (more formally: index arbitrage tick test) because it restricts sells to upticks and buys to downticks.
Basically put, this means that after the market has moved 50 points in one direction, computerized trading systems are "encouraged" to reduce volatility rather than exacerbate it.
& the rest is here....
http://ask.yahoo.com/19990301.html
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Edit: well indeed on the selfish side I hope we all fare as well as possible....however the realist in me feels very strongly that all the indeces need to get to a level that fairly & accurately measures where the mrkt truly is...."artificial" levels such as these only puts off the inevitible that much longer. Hit that bottom ASAP, get it all over with & then we can have that range u r ref to & maybe even after it all washes out & we get new rules & regs to the game, then & only then should we be seein the slow move back up.
& speakin of rules & regs....been meanin ta ask this for quite sometime....& now that I see talk of the circuit breakers it reminds me......whatever happened to the "Curbs"? I recall when there was huge moves to either side that we used to see the phrase next to the major indece quotes "curbs in"....dont recall seein that for quite sometime....at least not during the spikes to either direction over the last several mos.
& what did it mean? Are curbs like an advance warning that we're gettin close to the circuit breaker being put in action?
Daiello, you surely must know bein our closest resident Insider, eh?
& Nettles....in answer to your ? of why all the panic early on today......so far this is the best explanation I could dig up....perhaps we're finally following the lead from across the pond a bit instead of the other way 'round? oh the times they are a changin....& dont get me wrong....not sayin it's a complete decoupling per se...yet anyways....but I feel we've been movin slowly in this direction for quite some time now. After all, why would the rest of world wanna be trusting us over here w/all the events as of late? Maybe it's time we take a lil step back & watch how other countries are choosing to deal w/all this....like the interbank guarantee over in the Eurozone.....something our bonehead polticians & economic brainiacs shoulda done right from the get go....duhhhhh.
http://biz.yahoo.com/ap/081024/wall_street.html
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Yeah...heard Ronny speakin on cspn the other day to The John Birch Society.....made enough sense...at least more so than any of the 2 republocrats the media is shovin down our throats.
But I feel good liven in Cali bein that I'm voten Nader, the argument that I'm given my vote to McLamie is hogwash b/c Obama is gonna easily carry Cali.....& the same was true back during the last election...& the 1 b4, etc.
Anyway even if u r in one of the few states where it happens to be close, I still feel that argument is BS.....after all, in a true democracy shouldn't one be able to vote for whoever they want & have a clear conscience.....& not only that....shouldn't each candidate have the opp to obtain as many votes as
possible....aint that what a true democracy is all about?
OK.....apologies....too early for soap box'n....on to matters at hand...we gonna be seeing the largest ever 1 day tank...sure is shapin up that way...what r we lookin at....down 1200-1500 today? Am I gonna have ta be revisen 72-7500? :0
Dont look now.....
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Yeah....& the rest of that sentance.....
"...watermelon remains unchanged defying all mrkt fundamentals...." ;)~
or something to that affect.
& who cares how old it is....in fact being that it's 2 yrs old makes it even funnier still....the more things change, the more they stay the same....which is my reply to Obama when I hear him yap about "real change"
Pah-leeee-zeeee!!!
The day after Obama wins....
The Chappelle version....lol
So u r forewarned this may be offensive to some.
Indeed...jus goes ta show that w/4x even if you get the trend right you could still miss the boat b/c for most folks, it's not an option to take up truly long term positions...thus you could easily find yourself on the wrong end of the channel yet have called & timed the general trend correctly.
Sorry to hear...but don't worry....on the flip side, one of the good things about 4x is that there's always a trade/trend somewhere....& going forward perhaps it's now the opposite call ya may wanna be waiting for....as in shortin the dollar.
Lastly.....here's some interesting #'s I heard this afternoon.....the credit default swaps total balance...oh about 65.5 trillion....& they are trying to wind that down w/the bailout by approx 90%...down to 6.5T
& w/re to hedge funds....folks are now sayin that approx 25% of all hedge funds will be gone by this time '09.
Some truly unbelievable #'s comin out of all this....& we still have a ways ta go.
Edit: nope...what I did do tho was go long euru/us @ .2856 approx 10-15 mins ago & caught that spike....got out at .2895 not but a few mins ago.....wadda fast lil ride that was.
& at the same time I also went short gold @ 714.63 & thus also caught that spike jus a few mins (err seconds...lol) after gettin in....out w/that 1 @ 712.28.
Just curious....is there a volitility guage for 4x like the VIX?
Would love ta see what a barometer like that would be sayin these days....man alive!
& to Luvthat$$..altho 4x is fast moving as compared to stocks... as of late (the last coupla mos now seemingly) it's really been volitile.....so I dont think it's a fair assumption to think that 4x is always this volitile.
Gonna try the other direction now & short the euro....thinken it's gonna maybe channel in this territory now....especially being that NY is closed...things should be settling down some right about now I gather.
Short euro/us @ .2905
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
OK....good....& if you know T/A...u have 1/2 the battle won....just be sure to start off very conservatively....lowest possible leverage & lot size....& if u prove to yourself over the course of at least 30 live days that you truly have a good feel for this....slowly increase your leverage & lot size.
Sounds like you've been around the trading block a time or 2....gl to u & again, welcome....I think u will find that 4x is quite a different animal than that of equities....or any other exchange for that matter.
OK...I've blown thru 1/2 of'em already on the day....time to go do somethin else.....
Cheers!
lets just say this.....
if u know how to navigate leverage & have the luxury of losing it all (very quickly) then you just may have found your winning lottery ticket.
There is no free lunch...but yes, as compared to the equities, there's several advantages to 4x.....it's just hell of a lot riskier.....go get yourself a demo acct somewhere & play w/it for at least 30 days...then u will see what we mean.
Welcome aboard....always enjoy seein new Junkies get hooked
;)~
if u r a true hopeless life long chronic chocoholic like yours truly....& go to Sbux....try a Marble Mocha Macchiatto....tho I replace the milk w/soy for an even smoother taste.
& if the barista & or person ringing it up happens ta look at you funny b/c they never heard of this one b4, (it used to be on their menu a few yrs ago but they've taken it off since) it's the white chocolate syrup that goes in 1st....then the soy or milk...then the all important shots (4 or 5 w/a venti, 3 w/a grande & 2 w/a tall) & a dark chocolate syrup stitch on top.
I used 2 b a Carmel Machiatto Junky....but ever since they introduced the Marble Mocha Machiatto I've never gone back.
A "flaw" he says.....
well now that's sure putting it mildly....that's like calling Pearl Harbor a disagreement....lol
Greenspan Concedes to `Flaw' in His Market Ideology (Update1)
By Scott Lanman and Steve Matthews
Oct. 23 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said a ``once-in-a-century credit tsunami' has engulfed financial markets and conceded that his free-market ideology shunning regulation was flawed.
``Yes, I found a flaw,' Greenspan said in response to a grilling from the House Committee on Oversight and Government Reform. ``That is precisely the reason I was shocked because I'd been going for 40 years or more with very considerable evidence that it was working exceptionally well.'
& the rest can be found here for those who r in need of a few more laughs.....
http://www.bloomberg.com/apps/news?pid=20601087&sid=ah5qh9Up4rIg&refer=home
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
it cant go up all the time....lol
ya gotta look at the big picture (not sayin u aint....just an epxression not directed at u per se) here. The trend has been down for both the dow & greenback over the past yr. Sure over the last few mos the greenback has been recovering...but are the fundi's really there to support a continued correction to the north? For both the dow & or greenback that is?
Agreed in that it all can't go down at once....but ya gotta admit, as far as the broader indeces go.....they all went down pretty hard....& that imo speaks to huge weakness that's been exposed in the mrkts now. So when we see the borader indeces go up (the includes the greenback too) that's not the fundi's speakin to us....it's simply the traders tryin to make their coin....& that does not give me any confidence whatsoever.
We need to put some rules into the game....for which we're only seeing the beginnings of w/all these congressional & senate hearings as of late....they've barely begun to unfold how & why this all happened...let alone comprehend it all...& until this occurs, AND we actually see some rules being introduced, the mrkts will remain broken.
& this is why I say we should be seeing continued weakness over the forseeable future. So in the meantime the VIX will be higher than a Cheech & Chong flick & indeed we'll be seein a few extended upswings...but after it's all said 'n done...betcha that until we see some new rules & some blame placed on the appropriate parties w/repurcushions being paid, the markets will be sick. There's only so much manipulation the powers that be can achieve.....mind you it is a lot.
But bottom line, to truly accurately handicap what has occured, the borader indeces need to get to a level that reflects what has occured....& I am of the belief that we have not seen that level yet....still sticken to 72-7500.
& pls dont get me wrong....I dont want to see this occur but by the same token I feel I'm a realist as well.
Also....I dont feel that this belief is one of a gloom & doomer either...if I were a gloom & doomer I'd be sayin dow 5K or lower...& the greenback sub .50 :0
The dow should be trading in the low to high 7K range & the greenback should be in the low 60 to low 70 range for this to be all be handicapped correctly imo. & these ranges should be maintained until we see new rules/laws introduced & a few thrown in jail ta boot.
Anything above these levels should be considered artificial...manipulation by the powers that be if you will.....heck, didn't they even extend the shorting rule...that's still in effect aint it? That's something that has also been artificially supporting the mrkt as well.....wadda crock...free mrkt capitalism...ya right.
OK...enuff soap boxin for this AM.....no guarantees for later on this afternoon tho...lol
You got it Nettles.....
& quite frankly, I thot this fact was not news to you....which would explain your panic attacks as of late....so I guess u can now panic even more :0
As the central banks obtain more of a foothold on us all....it's only gonna get uglier.
& think of this....do you really trust the govt to do what is right by the masses? heck, even if they are truly trying to do good by us all, they aint.
I happen to think that's their M.O. tho.....to come off as if they're trying to help us all out.....all the while they're obtaining more & more power. This is precisely what Zeitgeist spoke to w/re to the IMF & central banks collectively.
I just don't think that even the prodcuers at Zetigeist thot it would occur so fast.
Scary...very scary.
http://www.zeitgeistmovie.com/
http://www.thevenusproject.com/
"Risk comes from not knowing what you're doing."
Warren Buffet
Sorry...but I understood both those posts in the same way......lol
Anyone usin the eur/jpy as a dow indicator?
Evidently it's been the most accurate barometer of how the dow trends as of late.
Eventually as things settle down & return back to some form of "normalcy" (not for awhile still tho imo) I do believe we will see a different set of guages than that of what we once used for so many yrs...the eur/jpy being among one of'em.