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thought you guys would appreciate this gotta laugh sometimes about the absurdity of it all....
No think about it from time to time but I would never be able to trade in this environment not after having been away so long. How about you? How are things?
You guys trying to trade through this mess? must be challenging.
I think I will be a holdout on the gun, I will try my very best to promote cooperation and pulling together, but I suppose it all depends on who is here living with me if things get that bad. If my kids are still here I expect I will stand up and defend them as opposed to my principals.
excellent points both, so should I be hoarding scrap paper? are they going to need it to print all that cash? ;)
I think we go nowhere for a while and then something explosive happens because people are getting nuts. They want to take us back to the middle ages as far as I can tell.
who is behind all the cash for gold outfits? makes me kind of suspicious that "they" are trying to buy up everyone's gold. I think that people are betting more on currency collapse than inflation with their gold investments, all currencies except the Australian dollar and maybe the Canadian, those countries have their fiscal houses in order more or less, but could their currencies hold up when others are collapsing and if gold became the medium of exchange?
things are going to get ugly because it is going to be every man for himself. And by the looks of it we will fracture and fight not pull together.
http://www.nytimes.com/2010/06/08/world/europe/08britain.html?hp
http://www.nytimes.com/2010/06/08/world/europe/08germany.html
what is juicing the pound?
well there is getting kicked in the teeth and kicked in the teeth as you well know. The financial stuff I can deal with the human issues are when the going gets tough. I'm sewing and I really love it. In fact I did apply for a desk job but sort of found myself hoping and praying that like all the other hundred I applied for I would hear nothing but whadaya know I heard back while I was out yesterday. I would have time to do both though and I will need something steady to be able to have a shot at hanging on to my house. Self employement doesn't get the pass it did 5 years ago....Tennis at Roland Garros although the NYT had the Roddick match center page online before anyone showed it stateside so that blew any enjoyment I might have gotten out of that match. But I love Nadal, so I hope he can keep the injuries at bay through the tournament.
lol you just happen to pop in?
I didn't search that far back, Worn hasn't been around eh. Hope everything is ok with him. Everything seems upside down, good people are getting kicked in the teeth and the ones that did wrong are profiting nicely. But maybe that is the way it has always been. How are things with you? still traveling about?
HI everyone, I see quite a few of the old "gang" is here.
I hope not too many people are doing this....further undermining the worker in this country there are other ways not to be at home twiddling your thumbs one could at least volunteer for a real non-profit.....
http://www.cnbc.com/id/31884690
hm well the news is a bit stale so I am not sure that accounts for the big currency moves.
ap
White House among targets of sweeping cyber attack
International cyber attack broader than suspected; White House, Pentagon among targets
* By Lolita C. Baldor, Associated Press Writer
* On Wednesday July 8, 2009, 11:00 am EDT
*
Buzz up! 305
* Print
WASHINGTON (AP) -- The powerful attack that overwhelmed computers at U.S. and South Korean government agencies for days was even broader than realized, also targeting the White House, the Pentagon and the New York Stock Exchange.
An early analysis of the malicious software used in the attack found its targets also included the National Security Agency, Homeland Security Department, State Department, the Nasdaq stock market and The Washington Post. Many of the organizations appeared to successfully blunt the sustained attacks.
The Associated Press obtained the target list from security experts analyzing the attack. It was not immediately clear who might be responsible or what their motives were.
The attack was remarkably successful. Some of the affected government Web sites -- such as the Treasury Department, Federal Trade Commission and Secret Service -- were still reporting problems days after it started during the July 4 holiday.
there was a headline on CNBC web site that NYSE website had been hacked and that stocks were falling when I linked it it was gone and when I hit the back button the headline was gone too. That may account for the swoon.....maybe not.
anyone aware of any drawbacks to transferring ones's FXCM account over to UK jurisdiction?
HI everyone this came in my e-mail seems like they are making it almost impossible to walk away from the computer. Doing my sewing thing, my daughter got into med school and things are good.
Dear Client:
A major new National Futures Association (NFA) rule goes into effect on August 1, 2009. This rule affects all U.S. regulated Forex Dealer Members. Forex traders will no longer have the ability to place stop-loss or limit orders. Nor will traders be able to modify or close trades from the “Open Positions” window. As these features will be removed, all stop-loss and limit orders held on FXCM LLC accounts at the close of trading on July 31, 2009, will be deleted.
FXCM has always encouraged active risk management through the use of stop-loss and limit orders. Stops and limits are two entry orders that are linked to an individual open position. If a stop or limit order is triggered then the other is canceled. FXCM has introduced a new feature called OCO (One Cancels the Other) entry orders, which will provide traders with the same functionality as stop and limit orders except they are not linked to any position.
I spent the last 6 weeks blowing up my account. Given all that I have riding on this I was beat up emotionally. Now not so much but not sure what I am going to do around the money thing all I know is that I have spent the last 11 years trying to get this family on firm financial footing stressing and obsessing about it only to watch it go from bad to worse. So I am just going to let go and let "God" if you will for a bit and see what transpires. Good wishes to all of you I have really appreciated the friendships here.
you have mail.
well what ever it was it is fine now.
FXCM can get on using my daughter's account but not mine.....hmmm
'
ok the EIA data doesn't jive with retail data, businesses are maybe stockpiling cheap gas? or is the goverment replenishing strategic reserves and they are not saying? Or did things pick up that much in May.....
things that make you go hmmm
April retail sales unexpectedly suffered a 0.4%decline, half of which was due to a 2.3% drop in gas station sales,
That's a good question I wonder myself but I am starting to think not, unless we see a nasty second wave to the downturn. However I think that the great divide between ( insert here whatever term you prefer- class, the have and have-nots, the priviledged and not priviledged ) has become greater now than has been true so blatantly for some time so that may bring about a change all of its own.
Earthquake in Mexico. Not clear why that is battering the EUR but it is.....and of course I am long eur/jpy and getting badly beaten up but nothing compared to what the poor people of Mexico are going through. And the CDC is talking that we should expect more severe cases of the flu here in the US.
yes Daiello yes they are and every nice "lady" out there thinks so too I am surprised they aren't banging down your door.
Good morning Omar. And Happy Birthday Daiello and JRB's Mum.
was just about to post something similar when I saw this on CNBC
Futures Dive on Swine Flu Fears
what rubbish honestly.
I'm sorry Omar. It seems so much easier to lose those gains than make them.
Yeah I am on that roller coaster with you.
I think the strength in the Eur is more out of USD diversification as opposed to Eurozone optimism. The GBP is not doing as well as like you say they are facing a possible credit rating downgrade and the strength in the yen is general recognition that that part of the world is probably going to b the hot zone over taking the US.
this is life in MI my daughter works for one of the premier hospitals around here: and my last post for the day.
oh we had a town hall meeting and it was basically discussing our budgeting issues...it was some nurse organizer or something talking but she was saying that the last thing they want is for people to lose their jobs and that's why they're not taking on any new people right now...so they wouldn't have to turn around and lay anyone off. then she was mentioning the gm thing how they are laying off all gm employees for the entire summer. i guess it had been on the news. anyway some lady that was there, her husband i guess works for gm and she was hearing this for the first time. she was crying. i felt bad for her. way to find out your husband isnt gonna have a job all summer...at a meeting about your own jobs depressing financial outlook.
that's odd they are streaming it across local tv like it is breaking news there was also this though
19:12 USD/JPY: BOJ"s Shirakawa Comments New York, April 23. In a speech at the Japan Society in NY, BOJ"s Shirakawa gave an upbeat assessment of China saying that he is "observing some good news." By contrast, he says the US must control its deficits or fail to recover. He, also, said that the reserve currency status of the USD played a role in creating these deficits. For Japan, he says that he doesn"t see a change in the basic trend of low yields and that demographics are lowering the savings rate.
His mention of the USD as a reserve currency seems to have spooked the markets sending spot from 98.00 to 97.69. He will be attending the World Bank/IMF/G-7 meetings tomorrow. Robert.Fullem@ThomsonReuters.com /rd
and this
19:22 FOREX: US "Very Concerned" about Pakistan New York, April 23. Reuters headlines crossing the wire saying the US is "very concerned" about security situation In Pakistan. Robert.Fullem@ThomsonReuters.com /rd
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[GM] GM down 4.7% to $1.61 after shutdown announcement
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3:00 p.m.
[GM] GM: Shutdowns won't impact launch of new products
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2:57 p.m.
[GM] GM: Shutdowns to bring production inline w/ demand
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2:56 p.m.
[GM] GM: Dealer vehicle inventories 'at high levels'
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2:55 p.m.
[GM] GM: 190K units to be removed from Q2, Q3 schedule
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2:54 p.m.
[GM] CORRECT: GM to idle 13 N.A. plants during Q2, Q3
just about my whole pretty good day got wiped out with the GM announcement AAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHH I didn't want to risk staying in since I have to leave.....
oh you were doing so well! for some odd reason this has turned into the one area where I exercise - most of the time - some reasonable caution, go figure. But it is tough not to go in too big and after a while when your account isn't increasing at the same rate it gets even harder not to use that leverage.
today! I have been in this rut for more than a month lol. Actually so far today has been ok.
tough trading I am still going nowhere fast. I hope I break out of this rut soon.