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I'm not saying the US is better than Europe, they have different problems but they rank the same in terms of crapiness, I'm completely indifferent. What's important is to make money.

these stress tests are uber-bulls..t, we all know that. Just another trading opportunity. Below 5820 is the void. I guess we'll see an attempt around 5820 to bid up the market on the back of put rehedging from long put holders. Put writers are fully hedged with short deltas well in excess of...

looks like put holders are fast to offload the offsetting long deltas accumulated, it doesn't bode well for the market.... 5820 in the cards before attempt at second rally

ah ah ah, this is all bull...t, nothing will save the Germans and the world, not even a bunker :D

ah ah, Germany an island of prosperity :D

strange weakness in the FDAX in the last hour.... IMF in Spain....problems over the week end?

well, took a loss today, had to cut @5930

if sellers emerge and this fake rally doesn't hold, we could be in for some trouble. I doubt the gains will hold and the risk/reward ratio for shorting here seems very compelling.

well, lots of intraday gaps to fill, I expect a pullback to 5840 at some stage

I can't resist, selling some Dax @ 5890

sounds good, I see 5766-5780 as spike zone, if we overcome it we may target 5880

thank you :cool:

just closed the remaining 50% of the position at 5700 total gains on the Dax over the last 7 days: 190 + 460 = 550 very happy :D

took 50% off @ 5740 will close the rest at the US open

the fact that you started in 99 would let me believe you are inherently bullish as I believe the first year of a trading career "impregnate" a trader with a bias that reflects the behaviour of markets he experienced during that 1st year. 99 was a bullish year ergo you have a bias towards...

this could explain the Dax still hovering not far from its highs for the day. there is already very little liquidity, this is going to make things worse. these politicians are desperate

you're right, it's not in the interest of governments and banks to have deflation. but we're in a global world and there is only a limited amount of QE you can have before you start alienating yourself from international investors. I think we're close this limited amount. Once you go beyond...

I don't think the Germans will let that happen. Or to put it differently, if that happens, Germany will not be part of it, ie they will have exited the Euro before it happens.

I disagree. The debt doesn't go away. New debt is created to buy debt that would have defaulted but the obligation to pay remains and the debtor is not better off. It is a myth to believe that the distress goes away. It is just hidden in the books and it will resurface at maturity. What...

thinking that QE policies will result in inflation is a myth disproved by the current contraction in monetary aggregates and current velocity of money. governemts have failed in their attempts at kickstarting inflation. The more debt they contract, the more deflationary the result and time is...