Not really the point surf, and I am long the YM from 12736. I think we are headed for 13400 but then again don't have your UK info (unless it was the report of the BOE penalty rate lending for 1st time in a month, the amount was small though).
Don't fight the Fed, the Treasury, and a Senator who is chairman of the banking committee and is in the pockets of the CT hedge funds. To be short going in to tomorrow after this afternoon s snapper and the potential for a very positive statement from anyone of of those three above tomorrow is...
Those who have been paying attention know that the liquidity situation has not yet stabilized as bids on even decent corporate paper are hard to come by. Look at tbill yields hitting 1.6%
DB tapped the Feds new line today and their justification was that they were doing in support of the Fed...
The Fed has made it clear that they are going to support these large institutions. It wasn't the cut that made that statement it was the change in terms from overnight to 30 days. At the heart of the problems are complex instruments that take time to price correctly. The Fed has made it clear...
This line is a true classic:
"Most of these companies don't even have earnings per share, so we won't have to be constrained by that methodology for quarters to come."
Congratulations S7, looks like you are one of the very few on ET who was prescient enough to see that the Emerging Markets were going take the brunt of the pain in a potential liquidity crisis.
Long or short we are all just providing liquidity. Nothing could be more patriotic if you want to view it through that lens. Something unpatriotic about the taxes that shorts will be paying on their gains maybe?
So which is it chewy, NOTHING you say is to be taken seriously OR EVERYTHING...
A bounce off the 200day looks like an obvious play but perhaps too obvious. Not much buying in to the close and we were practically there. The yen's strength suggests more downside action (and indeed may precipitate it) and Pooles's comments today certainly won't be helpful.
It looks like the...
Even better try one of the sites like C2, they will even keep your stats for you. At least then you will know if you are positive or negative in a your posted "trades".
Well at least the Chinese gave us fair warning and telegraphed what they were going to do. It is always a mistake not to take your adversaries threats at face value when you are a sovreign power, especially when the means to carry out the threat is at their disposal.
Here's a scenario for you: let the yuan trade freely and get rid of Chinese restrictions on foreign imports, allow foreign ownership of companies in China, and respect international patent law, essentially enforce WTO membership rules. You know where that 1Trillion surplus is going? It is will...