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Taleb has a more eloquent way of saying this: "Fooled by Randomness"

and Bretton Woods fixed the major currencies to the dollar. The price of gold was de facto fixed for the entire developed world.

CFTC: Merc traders leaning heavily to one side of the boat on GBP, CAD, and CHF. Short EURGBP seems to be the new fad. http://www.efxnews.com/story/12301/speculative-investors-aggressively-betting-more-pounds-gains-cftc

You do realize gold was fixed at $35/ounce during this time.

In an implicit reply to repeated calls from some politicians and industry groups to raise the floor to CHF1.30 or higher, Jordan said: "A minimum exchange rate is an extreme measure, only to be introduced in a situation of massive overvaluation, with the aim of averting the worst developments...

Was not short then and am not short now. It is something I am keeping an eye on.

That money was made by at least one on this thread. :cool: I'm certainly not arguing to short EURUSD now.

The fascination is money, lots of it, and a lot was made fading rallies in H2 last year, and then going seriously short when it became clear what Draghi was going to do.. Don't hate because it's been a nothing trade this year.

Next currency short is the GBP - against what I'm not sure yet. This idea that the BoE is the hawkish central bank because Posen (an American and makes Bernanke look like Paul Volcker) didn't call for more QE is soon to be BLOWN UP SIR (Stripes reference for those of you too unfortunate to...

More dividend increases - XOM +21%, JNJ +7%. :cool:

Heck, I'm barely smart enough to know what CAGR is, but the risk-free rate is around 2%, so anything north of that works for me. Seeing as WMT yields close to 3% and raises the divvie most years, it'll be high single digits at the worst.

10 years of a sloppy range at a 10X or lower multiple means the company dollars just buy back even more shares and an investor's reinvested dividends allow that person a greater stake at a lower price. In 10 years, you'll have a $200B company with barely any float left! As for the 3d thing...

Except I'm making it now (actually last summer when it was 50). Don't lump me in with the blokes who bought this thing at 50X then 40X then 30X then 20X earnings. A $50 share price when the company earns $2 is far different than $50 when the company earns closer to $5.

Wal-Mart's a great example right now. This silly Mexican thing is going to hurt them and they're going to be a target of the morons in D.C. through the election. However ... the company is still going to earn its billions this year, and the next, and the year after that. It's still going to buy...

The company is going to earn more than $50/share this year and has more than $100/share in the bank, so the answer is I hope I have the balls to buy a boatload more of the stock at $400.

"We should wish for IBM's stock to languish throughout the next 5 years." ... Warren Buffett in his latest annual report. Anyone who can drill this concept as deep into their bones as Buffett has, might just make a few dollars buying common stock over their lifetime.

p.p.s. now up 700 bps :cool:

The price of Newmont Mines borders on silly cheap. Of course, I don't own it, so it's easy for me to say!

Sarkozy = finished

Votes for Le Pen will not automatically go to Sarkozy. Le Pen drew support from anti-establishment types, anti-incumbent types, anti-German/Franco relations types, from Communists. These votes are not going to Sarkozy. In fact, Sarkozy is lucky the Communist party did so well. If these votes had...