OK, this is getting ridiculous.. how is EURUSD now over 1.42?? (4/1/11)

Quote from swingtrdrt:

I'd say you just found a nice trading signal! :D
More...

I read posts in the politics/religion forum. There are posts in there that are false/wrong/propaganda. The significance of it is that if a person can make such posts, it would mean that that person's opinion about markets are also more likely to be wrong than right.
 
Quote from Raul641:

- Portugal announces last year's budget deficit was much larger than they thought.

- They are expected to request a bailout at any time.

- Ireland says they will need another €24 billion to stabilize their banks

- Their debt insurance and yields are up

- "Late Wednesday, a plan to merge four troubled savings banks in Spain collapsed..." (http://www.nytimes.com/2011/04/01/business/global/01geithner.html)

...... and yet... EURUSD is over 1.42 now.
More...

What about fiscal deficits-to-GDP? Ireland is the only European nation that's as bad as the U.S. in that department. Couple that with all the USD debasing we're doing, maybe it's not surprising that the EUR is the lesser of two evils according to the markets:

http://financialsense.com/contributors/chris-martenson/insolvent-and-going-deeper

Of course, this is the problem with fundamentals. Unless you have a proven, objective way of making these comparisons, it's usually left up to your selective data and biases.
 
Quote from tradingjournals:

I read posts in the politics/religion forum. There are posts in there that are false/wrong/propaganda. The significance of it is that if a person can make such posts, it would mean that that person's opinion about markets are also more likely to be wrong than right.
More...

Exactly right. And the reasons are irrelevant. Whether wrong or right, consistency is the key. I'll happily follow/pay attention to anyone who is consistently either right or wrong.
 
Quote from Lucrum:

Maybe, what is crying about being on the wrong side a sign of?
More...

The "Maybe" is not a sure thing because eur/usd fell from 1.4480 to 1.4150 area (more than 300 pips). Your bragging post came at the exact top.

Now that time has shown that you were on the wrong side, I wonder if you would be crying, but if you respect facts, you should be able to know the answer to your question.

Thanks for sharing your bullishness at the top!
 
Quote from tradingjournals:

Market create the reasons. The reasons you gave would be priced in the future, if EUR/USD goes down.

I bet that if the sell off takes place they would gave reasons such as yours, and they would attribute it to a guy from a "major" firm.

Markets can create the fundamental, and not the other way around.
More...


If you check the news today, after the fall, they are indeed explaining things with europe debt etc. Once they did it this morning, it was time to fade it after it fell 350 pips from the top.
 
Quote from tradingjournals:

The "Maybe" is not a sure thing because eur/usd fell from 1.4480 to 1.4150 area (more than 300 pips). Your bragging post came at the exact top.

Now that time has shown that you were on the wrong side, I wonder if you would be crying, but if you respect facts, you should be able to know the answer to your question.

Thanks for sharing your bullishness at the top!
More...
Not very good at reading comprehension are you dopey? There was no "bragging" of any kind on my part. I made no claims to a position nor do I have a position now. I was merely pointing out the silly and useless exasperation of the OP complaining about how "ridiculous" a particular price move was. Something we see here a lot.

Oh and your incredibly stupid comments were made near a short term low genius.
 
UK PRESS April 25th: America's finances are in almost as troubled a state as the
worst-hit members of the eurozone, the Times reported at the weekend,
underscoring the pressing need for Washington to reach agreement on how
to reduce the deficit. The paper cited a "gauge of sovereign risk"
report from economists at Deutsche Bank, which placed the United States
just behind Greece, Ireland and Portugal among 14 advanced economies.
The report, from economists led by Peter Hooper, warned that a failure
to make substantial political progress on deficit reduction "would
substantially raise the risk of a bond market crisis", the paper said.
 
Thanks for the interesting replies. People are saying, generally, don't worry about finding fundamental explanations for the market.

If you read e.g. "The Alchemy of Finance" by George Soros, he says things like, "I thought the pound was overvalued because of X, Y, and Z, so I shorted it and made tons of money." He did this sort of thing repeatedly for years.

How does this fit with the "ignore fundamentals and trade" advice?
 
You must log in or register to reply here.
Back
Top