Replies to post #58012 on Simple's Green Room

[pennies2007]

I tell you SG, I'm still mystified by how these big names can assume that things are getting better and sticking it to us in things like oil and gas. And, seeing equities at this level is a real mystery.

My wife just told me today that not only has her company already laid off 20 employess the last couple of weeks, but they are planning to lay off as many as 120 more people this year alone. That's well over 25% of the entire workforce.


I wonder how long it's going to be before the reality catches up to the rose-colored image wall street seems to have.

[omar572]

The strength of the DOW and S&P baffles me SG - it shouldnt really for everyone knows the USA is booming and the rumors about unemployment, home repossession, trillions of debt, FED printing presses running full tilt are just that "rumors" lol and the UK official debt is close to that of Greece, Portugal, Italy, Spain etc and that too is only a rumor that is being spread by those who do not want the West to succeed.

[SherriT]

I was pleased (in a strange way) to read of your wife's trade because my shorts are scattered all the way back down to the 90s. It doesn't make sense that it appreciated so much against the yen, and I, too, believe there should be a hard reversal of a retrace....that is the only reason I keep holding.

I felt kinda stupid because one or two of the trades clearly showed me it was a bad move, but then I read an article from one of the FX360 analysts that said the trading of the USD/JPY has been difficult to follow so it is hard if you are tasked to write about it everyday (or something to that effect) which leads me to believe that I shouldn't be so hard on myself.

Well, hopefully the NFP will be reason to sell the news and I can get these cleaned up and get back to trading the way I want to trade....and so can your wife and everyone else.