Global Macro Trading Journal
- Thread starter Daal
- Start date
The S&P news is noise, utterly meaningless to the markets. I'd be careful getting whipsawed in the euro. Definitely a better idea to find something other than the greenback to short it against. Just covered my euro short from this morning for +70 pips; it was a lot lower 3 hours ago, damn.
The 'news' today is the coming Greek default and the Finnish elections. I doubt the True Finns have enough votes to completely block a bailout of Portugal, but you never know. What we do know is that the people are moving to take back power.
I wouldn't rule out a Sinn Fein victory in Ireland if the new gov't continues to bow down to the EU banking powers. I also wouldn't rule out some nut job winning the WH in 2012 if BO, Geithner and Bernanke continue down the disastrous path they've led us.
The 'news' today is the coming Greek default and the Finnish elections. I doubt the True Finns have enough votes to completely block a bailout of Portugal, but you never know. What we do know is that the people are moving to take back power.
I wouldn't rule out a Sinn Fein victory in Ireland if the new gov't continues to bow down to the EU banking powers. I also wouldn't rule out some nut job winning the WH in 2012 if BO, Geithner and Bernanke continue down the disastrous path they've led us.
I have a little less than 10% of my networth stuck on pokerstars as a result of the US government moves to crackdown online poker. I suspect I won't lose anything because I plan to get the cash out before pokerstars faces any kind of bankruptcy risk(IF they face that) but still its making me more cautious regarding some other financial accounts I have an interest on. Oanda is a broker I use which offers little or no protection so I concerned about that. The vast majority is protected because IB is insured and so are US and Brazilian banks but some other parts are unprotected
The US government's administrator for the seized corporations will likely implement a tedious and highly annoying redemption procedure for the player accounts.
Amongst other things they'll probably ask for the standard notarized passport copies, notarized copies of utility bills, personal reference letters from your local bank, "Are you a US citizen?", "Do you pay taxes in the US" etc.
My guess is that behind these red tape strategies they hope half of the account owners will shy away from asking for their money.
Amongst other things they'll probably ask for the standard notarized passport copies, notarized copies of utility bills, personal reference letters from your local bank, "Are you a US citizen?", "Do you pay taxes in the US" etc.
My guess is that behind these red tape strategies they hope half of the account owners will shy away from asking for their money.
