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  1. M

    Paulson's covered bonds explained...

    Good one :D My understanding is that this will ultimately be government backed as it is in Germany and Ireland which allows the banks to raise money at a preferred rate. Either way it is going to significantly impact the banks bottom like and earnins are going to be further impacted. Now they...
  2. M

    Paulson's covered bonds explained...

    http://www.portfolio.com/views/blogs/market-movers/2008/07/08/what-is-a-covered-bond Yet another drag on earnings for the financials. Sure it may help them survive (after all the collateral is good enough for the FED isn't it) but will kill earnings until a housing recovert and could even...
  3. M

    VIX back to $23s

    The vix has traditionally been used to hedge volatility (read sharp drops in stocks) but it hasn't been a very effective instrument in that regard of late, so people are using other things like Ultra short ETFs like SKF. We may be in an era where looking at exhaustion moves in these ETFs is more...
  4. M

    Prepaid Gas Cards ? Anyone....

    I looked at this idea 2 years ago and found that the major gas station chains (ie oil companies) would not go for it as it is not in their interest. Might work as a local co-operative with an independent gas station.
  5. M

    Financial Times article: Technical Analysis is Rubbish

    To each his own, use what works for you. Your results will be what confirms the viability of your method. I agree with Cutten, TA isn't just indicators (probably the least useful of the TA tool kit), it is tape reading, price action, sentiment, S/R, trendlines, patterns,market profile, volume...
  6. M

    VIX over $30 Thursday

    I don't know if that will be the catalyst but I don't think we go down hard from here without a significant bounce of some kind that traps some people long. It think it comes tomorrow and/or Wednesday and will take us back up to the top of the down trending channel where risk reward for new...
  7. M

    Chart that makes you go 'hmmmm'

    Short SKF 155.21 Stop 157 Target 148
  8. M

    This just in: Obama never to question other's patriotism during campaign!

    McCain just responded that he too will make a pledge to never question other's blackness during the campaign. In related news, Bill Clinton said that if he ever runs for anything again he will never question his opponents marital fidelity during the campaign. Another example of just how...
  9. M

    Chart that makes you go 'hmmmm'

    Fresh money will come in later today and tomorrow and the Fed is doing another one of its $75B auctions today. Despite the horrible news and oil's advance the market has been able to hold its levels and no panic has set in. Dumb money looking for a bounce has been shaken out a few times and now...
  10. M

    Chart that makes you go 'hmmmm'

    Looks like I am going to get it too, heading back up to test the 1301-7 level.
  11. M

    mark cook audio on trading

    He is one of the few who's service has value. Thanks for posting SethArb
  12. M

    Killed it on my short calls...

    Well played Wu, good short picks!
  13. M

    ......by law, it's illegal to buy crude futures in U.S.......

    If oil falls to sub $100 overnight my guess is that you won't see the rally in Equities that you are expecting but leaving that aside please take a moment and loook around the world, there are other trading centers out there. A ban of Crude futures here would likely shift trading overseas, and...
  14. M

    Chart that makes you go 'hmmmm'

    Closing out QQQQ short here and going long, I think we will bounce hard . Looking for ES 1300+
  15. M

    Crude Oil to $144

    Very good call Mr. Wallace, thanks for posting.
  16. M

    Did a CNBC Reporter Help Destroy Bear Stearns?

    Fly, I appreciate you bringing these things to the fore and your dedication to seeing the system cleaned up and trying to educated people about the slime that is just under the surface. No doubt that there are some very dirty people on WS and they need to be flushed out. They have taken...
  17. M

    Trader P/L 2008

    +73 QQQQ Puts +8 RIMM Calls
  18. M

    Tomorrow FOMC meeting

    We caught a break with the oil number, had it come in flat or tighter we would be above $140 now. Anyone been paying attention to the mammoth housing bill making its way through congress? That will get you to 1.57 Mr Dodge, maybe even 1.6.
  19. M

    Tomorrow FOMC meeting

    It was my bounce hedge from 89 (somewhere at the start of the thread).
  20. M

    Tomorrow FOMC meeting

    Out EWZ here and starting to add to shorts.
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