Recent content by jeffers_mz

  1. J

    How far can EUR fall?

    Still looking for a number/estimate, either a percent decline or a price, of either the Euro or the EUO etf, where the EUO etf falls apart. I want to ride it down to max profits, but not so far as to lose the investment if the currency collapses, and don't have a good feel for where anarchy...
  2. J

    How far can EUR fall?

    Somebody is pretty sure of themselves. Sure enough to not bother asking if EUO is a standalone trade, or part of a larger strategy. FYI, EUO is one of 9 securities purchased, in 50k blocks, beginning when the SP500 20 DMA crossed the 200, headed down. Another block when the 30 crossed, and...
  3. J

    New trader. Is my strategy ridiculous?

    A variant of the old "double up and add one" strategy. There's a mathematical edge there, but Vegas casino owners ain't dumb. They have maximum and minimum bets on every table, and those bet limits are specifically designed to cut the edge noted above into negative numbers. Play in Vegas long...
  4. J

    How far can EUR fall?

    I'm in the EUO ETF, shorting the Euro. How far can the Euro fall before boogering up the ETF such that the price collapses? Where might trading be halted, and if trading is halted, what would happen to ETFs related to the currency?
  5. J

    Any potential pitfalls and traps about ETNs?

    That was my first reaction too. But then I asked myself, do I want to buy pigs in pokes bad enough to sever the relationship? That led to the realization I don't want undisclosed leverage in my portfolio AT ALL. Risks I know in advance, and plan around? Sure. Risks I'm not even aware...
  6. J

    Faber: Nations Will Print Money, Go Bust, Go to War…We Are Doomed

    Accurate piece but you can't eat gold, and gold is damned high right now. Further, deflationary pressures outweigh inflationary pressures at this instant in time, and gold is not the place to be during deflation. An even mix of physical gold (just in case), liquid cash (available for quick...
  7. J

    40% of Americans Have Nothing Saved For Retirement.

    Good. Six billion is too many. Darwin agrees. Those who chose to remain unfit are about to be weeded out. Even now, before it happens, it is easy to predict which...players...will choose to blame others for their own mistakes, and even precisely what their excuses and ploys will be...
  8. J

    South Korea Tracks North Korean Submarines

    Lovely. Invent crackpot conspiracy theories regarding past events, to "support" crackpot theories regarding current events. We see you. The Norks have always acted mad as hatters, foaming at the mouth rabid psychopaths. Kimmee has worms eating his brain, and there's not much brain left...
  9. J

    BP disaster US government $.$B

    Gubmint scam artists aren't interested in a one shot payoff, for reasons stated in other posts in this thread. They can one shot as many marks as they want, but they have to set each one up, it takes time, and why do all that work just for one payday? Instead they will...are...using this as...
  10. J

    Any potential pitfalls and traps about ETNs?

    Merrill won't let me trade in some of them because of undisclosed leverage. Not at all opposed to leverage but I do like to know what I'm getting into, in advance. Same goes for some ETFs.
  11. J

    and the next bailout is..

    Looks like endgame to me. Desperate measures to stockpile assets, before.... I guess wild swings and market volatility look like....wild swings and market volatility...to some. To me, they look just like innumerable old charts...the standard and expected activity that always seems to occur...
  12. J

    Drexel Burnham Lambert ...

    Ought to put Ivan Boesky on that list. He may not have been on the payroll, technically, but as much cash passed back and forth, I am...highly confident...he was working for DBL.
  13. J

    Scum at exchanges say, "blow it out yer ..." if you don't like it

    If the 60% figure and the rest of the do-over is specified in Nasdaq's user agreements, BEFORE any market event, then those who trade there know the rules. If they get burnt, TS. If this was decided after the fact, fuck the Nasdaq. One set of rules, level playing field, known by everyone, in...
  14. J

    Pros and cons of defending a currency?

    Defending a currency against a hostile trader(s), simply requires having more money than your opponent(s). That's why Hong Kong kicked Soros' ass. Defending a currency against fundamental laws of economics has never been successfully executed...ever. That's why Soros kicked England's...
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