That is a significantly bigger number than we have seen in quite some time. Something is going down soon. LC will get another LDD.
Imagine if you can leverage that 100x. Maybe Soros is levering up to break the dollar?
After switching to The CollFx I will never go back to those POS bucket shops. The spreads are insanely low. I average 3.4 on Gbp/Jpy and .6 on Eur/Usd. I paid .2 and .3 today on Usd/Jpy.
All these gov't statistics are a joke. From the birth/death model to the way they report GDP on a annualized quarter to quarter basis (corp revenues down 10-15% with a fractional decline in GDP) the stats are deemed worthless. It just gives us something to talk about.
Watch the Enron movie if you forgot about how manipulative the analysts are. P/E's according to GAAP accounting are absurd right now. Who wants to run the numbers? Analysts are so predictably horrible I want to start a Major Analysts Inverse ETF.
I have watched years of M1 tape and this latest meltup is unlike anything I have ever seen. I would normally get 5 candle pullback buying opportunities but every meaningful dip is bought with aggression. The only remotely similar market I ever witnessed this in was back when the Euro went...
The gov't makes promises to the people renegs and doesn't put up the funds and forces the dealerships to ultimately py the bill. Middle America doesn't need new cars, they need to save and get the forces of compound interest on their side.
The only way to stimulate the auto manufacturers is to allow them to fail and have competent owners purchase the assets at reduced valuations and create a new business model. Chrystler's bailout in the 70s shows what a failure the current plan is. I hated the Bush Bailout as much as I hated...
To blame this on one particular party is asinine. The illuminati have been working hard for the past decade to try to stave off the conclusion of the business cycle. The mispricing of capital has created numerous bubbles and a thus a precipitous decline in expected tax revenues. This cash for...
Prices at bay. When the large fraud is exposed... I don't want to be anywhere near this place. Until that day comes we'll just play along with the Fed's fairytale economy. (This was posted from bberry and all text is on one line, sorry for 2 posts)