Your assumptions and under estimating others is the only recipe that makes you keep your head above waters. You donât know what I do. If you read my posts you should get a good idea how strongly I know this business and what kind of job I am involved in. I am not your average scalper/ daytrader, thats for sure.
Black Monday...
- Thread starter scriabinop23
- Start date
Your assumptions and under estimating others is the only recipe that makes you keep your head above waters. You donât know what I do. If you read my posts you should get a good idea how strongly I know this business and what kind of job I am involved in. I am not your average scalper/ daytrader, thats for sure.
Complete pessimism and negative sentiments in this opening post. What else can you offer us besides this?
I tried to be positive, I really tried, but everywhere I looked was more bad news.
Im sorry. Thats all I have right now. Check back in a few months and we'll see.
Im sorry. Thats all I have right now. Check back in a few months and we'll see.
Ok, positive stuff....
That's positive right? If the dollar was in real bad shape they would have done something of course.... (It could also mean that interventions are not doing anything for anybody except increasing the debt...)
Just a few hours and we will see if the rest of the world thinks it is positive.
It looks to me as if the G7 did meet to discuss the current state of the dollar. This is good. And they all agreed that the state was very weak. But not weak enough to take any action, bold or otherwise.
That's positive right? If the dollar was in real bad shape they would have done something of course.... (It could also mean that interventions are not doing anything for anybody except increasing the debt...)
Just a few hours and we will see if the rest of the world thinks it is positive.
and the negative news.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRoXWi5Su464&refer=home
Finance Ministers Seek Global Response to Surging Food Prices
By Christopher Swann and Guillermo Parra-Bernal
April 13 (Bloomberg) -- Finance ministers from around the world warned that surging food costs threaten to reverse progress on poverty reduction and backed World Bank calls for more funds to fight hunger.
Soaring food prices and seizure in credit markets topped the agenda at this weekend's meeting of the International Monetary Fund and World Bank. Policy makers gathering in Washington said the rising threat of hunger demanded a global response and sought to fill the $500 million gap identified by the United Nations World Food Program.
``We need a common effort to attenuate the immediate undersupply due to rising prices,'' German Economy Minister Heidemarie Wieczorek-Zeul said. ``For every percentage increase in food prices, an additional 16 million people are threatened with hunger.''
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRoXWi5Su464&refer=home
Finance Ministers Seek Global Response to Surging Food Prices
By Christopher Swann and Guillermo Parra-Bernal
April 13 (Bloomberg) -- Finance ministers from around the world warned that surging food costs threaten to reverse progress on poverty reduction and backed World Bank calls for more funds to fight hunger.
Soaring food prices and seizure in credit markets topped the agenda at this weekend's meeting of the International Monetary Fund and World Bank. Policy makers gathering in Washington said the rising threat of hunger demanded a global response and sought to fill the $500 million gap identified by the United Nations World Food Program.
``We need a common effort to attenuate the immediate undersupply due to rising prices,'' German Economy Minister Heidemarie Wieczorek-Zeul said. ``For every percentage increase in food prices, an additional 16 million people are threatened with hunger.''
Paulson has a cheek. He asks that developing nations not apply price controls....but what the hell are subsidies and bailouts in the US?
http://www.bloomberg.com/apps/news?pid=20601087&sid=avZSJ.UAchew&refer=home
Paulson Says Developing Countries Should Avoid Price Controls
By John Brinsley
April 13 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson advised developing nations struggling with soaring commodity costs against using price controls because they may do more harm than good to long-term economic growth.
Governments ``need to resist the temptation of price controls and consumption subsidies that are generally not effective and efficient methods of protecting vulnerable groups,'' Paulson said in the text of a speech to the World Bank's development committee in Washington.
Record prices for commodities from crude oil to rice are causing food shortages and political unrest in poor countries and increasing concern elsewhere about inflation. Paulson said improvements in agriculture and energy conservation are better policies to pursue than government-imposed measures to contain prices, which he said may exacerbate problems.
http://www.bloomberg.com/apps/news?pid=20601087&sid=avZSJ.UAchew&refer=home
Paulson Says Developing Countries Should Avoid Price Controls
By John Brinsley
April 13 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson advised developing nations struggling with soaring commodity costs against using price controls because they may do more harm than good to long-term economic growth.
Governments ``need to resist the temptation of price controls and consumption subsidies that are generally not effective and efficient methods of protecting vulnerable groups,'' Paulson said in the text of a speech to the World Bank's development committee in Washington.
Record prices for commodities from crude oil to rice are causing food shortages and political unrest in poor countries and increasing concern elsewhere about inflation. Paulson said improvements in agriculture and energy conservation are better policies to pursue than government-imposed measures to contain prices, which he said may exacerbate problems.
Ok a positive. Savings bonds yielding 4+% a year with deferred tax treatment looking mighty tasty right now for you longs. MMMMMMMMMM MMMMMM Get a chunk right now. That might be the only thing that will save your mighty dollar. hopefully....
Good job Black Monday fans. Futures jamming down nice for you and steady.
Guess I should of stayed short the index. I'm long and wrong into Monday. I'm the dumb money it turns out this time.
Guess I should of stayed short the index. I'm long and wrong into Monday. I'm the dumb money it turns out this time.