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:D

http://ca.finance.yahoo.com/news/Canada-Pension-Plan-Fund-hits-capress-2688027492.html?x=0 "The Canada Pension Plan Fund ended the third quarter of fiscal 2011 with record holdings of $140.1 billion, buoyed by strong stock markets around the world." "That's up from the previous record of...

Does it matter? Why is this wall st news?

Fingers are crossed. Approaching resistance zone on the daily, though. Either it pulls back and continues to wind tighter or we might see an upside breakout.

Nice boost today from unemployment claims data. Keeping my eyes peeled for a pullback, however. But for now I'll let it do its thing and see how high the market takes us.

Absolutely. http://www.elitetrader.com/vb/showthread.php?s=&threadid=215009

http://finance.yahoo.com/news/Bernanke-Makes-Sure-Fed-bloomberg-155495181.html?x=0&sec=topStories&pos=4&asset=&ccode= “There is this tremendous fiscal problem looming, and Congress has to do something about it,” said Mark Gertler, a professor of economics at New York University who has...

:confused: A nitro impersonator?

*Rolls eyes*

Case in point.

I can already answer this for you. The usual response I receive when I ask this question is "I want the Fed to do nothing so that everything can reset and we can start growing again." All the while, completely ignoring the negative implications of the Fed doing nothing. My apologies...

I'm sure liquidity is a problem. What is the spread on SGD/JPY? Can't be cheap... Trade one of the majors, especially just starting out.

I as well fail to grasp why this is disturbing...

Yes, I live in Canada, and have received a cost of living increase each of the past three years of 2-3%. I'm not sure the Fed's mandate is inflate at all costs. I would describe it as avoid deflation at all costs. For the record, I have never argued against the fact that inflation...

Coiling indeed. FWIW, I went long USD/JPY last night. Sat through some pain today but have since came back. Will be looking for clues in the Asian session tonight as to where we're headed in the short term.

1. I'm not sure where you are getting the "inflate at all costs" premise from, but I'll continue reading. 2. I'm not sure about where you live, but where I am from we are entitled to cost of living increases each year. I don't think wage increases are a purely academic argument at all.

I think you are wrong regarding wage cuts. Wage cuts are unlikely during a short period of deflation, but any protracted period will certainly bring the pain. Corporations have no other option. Either you get canned or take a wage cut, that simple. Look at Japan.

Homeowner owes $200,000 on his house. That house is now worth $100,000. Homeowner used to make $60,000/yr to pay for that house. Homeowner now makes $30,000/yr. Make sense? The numbers are obviously exaggerated, but it helps demonstrate the point.

LOL Agreed.

You, the king of cut and paste, are commenting on the importance of a thread? I'm not suprised that you can't see any money making opportunities in a strengthening Canadian economy. How are your short positions that date back to 2009 holding up? Keep your perma-bearish views to yourself...