Short DAX at 7740

[ASusilovic]

Quote from lurefo:

Then you need to go after his ex delta 1 team boss and also the head of the Socgen investment banking dept, all the back operations and the risk department heads and finally Daniel Bouton himself.

You think he is fully responsible? he's responsible, hell yes. But they are all responsible for that fiasco. Proof? Eurex started alerting SocGen in 2007 that one of their traders had abnormal large positions in the market. Since he was making money at the beginning, they let him do his things. Until he lost. Of course officially, nobody at SocGen knew anything. Unreal.

I had a dream that Justice was not corrupted.

Of course it´s the whole bank. Kerviel hiding billions in losses ? LOL ! Scapegoat. Nothing else.

 

[ASusilovic]

Strong sell 6205.00 and better.

 

[archimg77]

Quote from ASusilovic:

Strong sell 6205.00 and better.

That was quite well coordinated...

 

[ASusilovic]

Germany’s push for European fiscal prudence amid tepid growth and sovereign-debt burdens is “liable to send the euro zone into a deflationary spiral,” billionaire investor George Soros said.

German leaders have insisted on fiscal austerity measures in the euro zone while continuing to cut their own deficits as exports have led to the fastest economic growth since reunification. German gross domestic product grew at 9 percent in the second quarter and unemployment has continued to fall.


Fiscal prudence and tepid growth has been put in place by braniacs like George Soros - who were crying for a government sponsored bail out of global operating banks. Now that the taxpayer is paying for this carnage - and not banksters - old Georgi is crying foul... Germany, please move on doing the "right thing" !

 

[ASusilovic]

Last print 6271.00.

Wall Street psychopaths have managed to trap enough fools into their trap.

 

[archimg77]

Quote from ASusilovic:
Last print 6271.00.
Wall Street psychopaths have managed to trap enough fools into their trap.

I think DAX is getting out of control here.
Previously, I got sucked into bear run and paid price, I'm licking my wounds but still see my account quite shrinked.

 

[archimg77]

Kind of lots of movement after hours.
Last time I've seen such movement I started to loose money afterwards, :eek: .

 

[archimg77]

Quote from Alexandre:
wonderful, i guess my stop 6380 will not get hit for a while, now let's look if we break 6200 in the next 2 days

I wonder whether you've closed your position.

 

[Alexandre]

nope, still short but been trading around it successfully, the DAX looks very heavy

 

[ASusilovic]

Goldman Sachs Says U.S. Economy May Be ‘Fairly Bad’
By Wes Goodman

Oct. 6 (Bloomberg) -- Goldman Sachs Group Inc. said the U.S. economy is likely to be “fairly bad” or “very bad” over the next six to nine months.

“We see two main scenarios,” analysts led by Jan Hatzius, the New York-based chief U.S. economist at the company, wrote in an e-mail to clients. “A fairly bad one in which the economy grows at a 1 1/2 percent to 2 percent rate through the middle of next year and the unemployment rate rises moderately to 10 percent, and a very bad one in which the economy returns to an outright recession.”

http://noir.bloomberg.com/apps/news?pid=20601087&sid=agZ93VxOIJQQ&pos=6

"fairly bad" or "very bad". LOL ! Too bad...