The Last 500 Hours of GBP/USD.....It Starts back when I started to short the Dollar on 4/24....
Talk about a great experience in the Currency Market....
Talk about a great experience in the Currency Market....
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- Thread starter $CostAverageMAN
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Last 500 Hours of the USD/JPY....Chart Goes back to 4/24/2006
Same as other charts.....It's just sad whats going on with this currency.....This is Why I am so bullish on China....Most of Asia exporters are going to suffer from their currency gaining strength...Yet China is still pretty much pegged to the dollar....All they did was just ease the spread of the peg rate, it still is not free floating by any means.....Look at how China goes up when the rest of Asia goes down....And the Asian markets are going to suffer while China's Market will get floaded with capital and rising stock prices.....The country is in Bull Mode anyway since they were the worst performing market last year.....Upside is in CHINA
Same as other charts.....It's just sad whats going on with this currency.....This is Why I am so bullish on China....Most of Asia exporters are going to suffer from their currency gaining strength...Yet China is still pretty much pegged to the dollar....All they did was just ease the spread of the peg rate, it still is not free floating by any means.....Look at how China goes up when the rest of Asia goes down....And the Asian markets are going to suffer while China's Market will get floaded with capital and rising stock prices.....The country is in Bull Mode anyway since they were the worst performing market last year.....Upside is in CHINA
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Interesting little conundrum developing here.....This chart is the SPX 18 month chart.....We have broken through the 50 day moving average and are holding right above the 90 day moving average.....The two circles represent the political scandal involving Cheney, Libby, and Rove....When the first news broke the market was in a consolidation mode....We had already seen a pretty serious sell off and the market then rallied on the news that Libby was going to take the fall....Now we know different and this recent news may of been all the market needed to break the camels back.....Case 4 bull market has lasted over three years now and the dollar is breaking down.....The conundrum is that when the news broke this time the market was in rally mode and it looks as if Cheney and Rove are right in the middle of this cover up....Just my 2 cents, but it is a factor in the recent selling....
$COSTAverageMAN
$COSTAverageMAN
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Well sitting in 80% Cash and having the Dollar hedged and having puts on the QQQQ and IWM and OIH for around an 18 Million dollar portfolio hedge....Are looking pretty dam smart right now.....
I added IIIN, INTN, CCJ, BKD, SIE, INF, IFF, BVN, LTXX (Another Demensional Fund earnings play) and the titaniums over the last few days
$COSTAverageMAN
I added IIIN, INTN, CCJ, BKD, SIE, INF, IFF, BVN, LTXX (Another Demensional Fund earnings play) and the titaniums over the last few days
$COSTAverageMAN
Bought
CLF@82.24
Sold
BKD@47.02
BA@85.77
CLF@82.24
Sold
BKD@47.02
BA@85.77
$Cost-
Congrats on your hedging moves!
I thought Dimensional Funds were just index funds.
Which Dimensional Fund is based on earnings plays?
GS
Congrats on your hedging moves!
I thought Dimensional Funds were just index funds.
Which Dimensional Fund is based on earnings plays?
GS
Quote from $CostAverageMAN:
Well sitting in 80% Cash and having the Dollar hedged and having puts on the QQQQ and IWM and OIH for around an 18 Million dollar portfolio hedge....Are looking pretty dam smart right now.....
I added IIIN, INTN, CCJ, BKD, SIE, INF, IFF, BVN, LTXX (Another Demensional Fund earnings play) and the titaniums over the last few days
$COSTAverageMAN
03-02-06 10:59 AM
I Like them both TTM (Personaly own This) and SAY.....I may use your SAY pick.... There is no telling when India will stop going higher, but I know this much I'm going to be sound asleep the day it corrects ...
India halted on over 10% decline!!!!!!!!!!!!!!!!!!!!!!
India's main stock exchange has halted trading as its benchmark index plunged 10.1 per cent and triggered an automatic one-hour delay, the Mumbai stock exchange said.
.
The rival National Stock Exchange also suspended trading.
.
The Mumbai stock exchange 30-share Sensex index fell a record 1,111.71 points to 9,826.9 before trading was halted. The National exchange's 50-share index, known as the Nifty, fell 289.6 points or 10 percent to 2,896.45.
.
The last time trading was halted on the exchanges was on May 17, 2004, after the markets plunged in reaction to a general election which brought the Congress party to power with
I Like them both TTM (Personaly own This) and SAY.....I may use your SAY pick.... There is no telling when India will stop going higher, but I know this much I'm going to be sound asleep the day it corrects ...
India halted on over 10% decline!!!!!!!!!!!!!!!!!!!!!!
India's main stock exchange has halted trading as its benchmark index plunged 10.1 per cent and triggered an automatic one-hour delay, the Mumbai stock exchange said.
.
The rival National Stock Exchange also suspended trading.
.
The Mumbai stock exchange 30-share Sensex index fell a record 1,111.71 points to 9,826.9 before trading was halted. The National exchange's 50-share index, known as the Nifty, fell 289.6 points or 10 percent to 2,896.45.
.
The last time trading was halted on the exchanges was on May 17, 2004, after the markets plunged in reaction to a general election which brought the Congress party to power with
Interesting chart....Well, when the easy money gets taxed people leave....
Mumbai , May 18
Dalal Street experienced its worst single day crash on Thursday, as an ambiguous Government circular on taxing investment gains prompted foreign funds to book profits, knocking the bottom off the jittery stock market.
Opening amidst weak global markets and reports of rising US interest rates, the BSE-30 Sensex went on to close 826.38 points or 6.76 per cent lower at 11,391.43, beating the previous record of 570.42 points registered on April 28, 1992 following the Harshad Mehta scam. NSE's S&P CNX Nifty Index slipped 221.3 points or 6.09 per cent to 3,413.80.
Dealers said the fall was accentuated by large-scale selling of client positions by broking firms due to margin calls or the lack of margins.
The crash wiped off investor wealth to the tune of Rs 2,23,416.1 crore on the BSE. "People are hurt badly. Recovery from here on will be cautious and slow," Mr Ramdeo Aggarwal, Managing Director, Motilal Oswal Securities Ltd, said.
Though HNIs and retail investors would have lost much money, experts said, broking outfits would be fully covered due to strict norms on margins by the regulator. The market could find its feet tomorrow following the Finance Minister's clarification on the FII tax proposal, but the undertone remains weak.
Rupee dips
Tracking bourses, the rupee dipped against the dollar, though modestly. The domestic currency opened at 45.33, lower than Wednesday's close of 45.19/20. It touched an intra-day low of 45.62 but closed at 45.44/45.
Dealers said the RBI had possibly intervened at the intra-day low to reduce volatility .
Mr V. Rajagopal, Chief Dealer, Forex, Kotak Mahindra Bank, said, "The correction at the domestic stock market implies a slowdown in foreign fund inflows. This has cast pressure on the rupee."
FIIs net sellers
Foreign funds were net sellers for Rs 865.39 crore on the cash market on Thursday, rendering their total investment in May almost nil. This means they have been net sellers for Rs 3,767.20 crore since the market peak of May 11.
Bearish sentiment gripped the market as one negative report after another filtered in during trading hours, dealers said.
Other indices including BSE100, BSE500, BSE Small Cap and BSE Mid Cap fell in the range of 6.30-6.90 per cent. All the shares on BSE30 and BSE100 slipped into the red; only five stocks from BSE500 hung on in the green.
Market breadth was overwhelmingly negative with 2,241 stocks in the red against a mere 288 advances. The crash did not spare any sector or company with cement and metals among biggest losers on Sensex, down 9-11 per cent. At its result briefing Thursday evening, Dr T. Mukherjee, Dy. Managing Director , Tata Steel, said, "Our market cap at end-March was Rs 29,688 crore. I don't know what it is now."
With Thursday's sell-off experts felt the 3-year bull-run on Indian stock markets had been halted. "We may have seen the market peak for this year," an official at a foreign brokerage said.
However, Mr Jaideep Mehta, Managing Director, Techno Stocks, said the markets would bounce back Friday, courtesy the clarification by the Government. "As per the clarification, only day traders will be impacted," he said.
The Sensex has shaved off 1,279.68 points from the peak of 12,671.11 registered on May 11. "The markets were at a very high altitude and had not had reasonable correction in a significant amount of time. All earlier corrections were short-lived ," Mr Nirmal Jain, CMD, India Infoline Ltd, said.
Mumbai , May 18
Dalal Street experienced its worst single day crash on Thursday, as an ambiguous Government circular on taxing investment gains prompted foreign funds to book profits, knocking the bottom off the jittery stock market.
Opening amidst weak global markets and reports of rising US interest rates, the BSE-30 Sensex went on to close 826.38 points or 6.76 per cent lower at 11,391.43, beating the previous record of 570.42 points registered on April 28, 1992 following the Harshad Mehta scam. NSE's S&P CNX Nifty Index slipped 221.3 points or 6.09 per cent to 3,413.80.
Dealers said the fall was accentuated by large-scale selling of client positions by broking firms due to margin calls or the lack of margins.
The crash wiped off investor wealth to the tune of Rs 2,23,416.1 crore on the BSE. "People are hurt badly. Recovery from here on will be cautious and slow," Mr Ramdeo Aggarwal, Managing Director, Motilal Oswal Securities Ltd, said.
Though HNIs and retail investors would have lost much money, experts said, broking outfits would be fully covered due to strict norms on margins by the regulator. The market could find its feet tomorrow following the Finance Minister's clarification on the FII tax proposal, but the undertone remains weak.
Rupee dips
Tracking bourses, the rupee dipped against the dollar, though modestly. The domestic currency opened at 45.33, lower than Wednesday's close of 45.19/20. It touched an intra-day low of 45.62 but closed at 45.44/45.
Dealers said the RBI had possibly intervened at the intra-day low to reduce volatility .
Mr V. Rajagopal, Chief Dealer, Forex, Kotak Mahindra Bank, said, "The correction at the domestic stock market implies a slowdown in foreign fund inflows. This has cast pressure on the rupee."
FIIs net sellers
Foreign funds were net sellers for Rs 865.39 crore on the cash market on Thursday, rendering their total investment in May almost nil. This means they have been net sellers for Rs 3,767.20 crore since the market peak of May 11.
Bearish sentiment gripped the market as one negative report after another filtered in during trading hours, dealers said.
Other indices including BSE100, BSE500, BSE Small Cap and BSE Mid Cap fell in the range of 6.30-6.90 per cent. All the shares on BSE30 and BSE100 slipped into the red; only five stocks from BSE500 hung on in the green.
Market breadth was overwhelmingly negative with 2,241 stocks in the red against a mere 288 advances. The crash did not spare any sector or company with cement and metals among biggest losers on Sensex, down 9-11 per cent. At its result briefing Thursday evening, Dr T. Mukherjee, Dy. Managing Director , Tata Steel, said, "Our market cap at end-March was Rs 29,688 crore. I don't know what it is now."
With Thursday's sell-off experts felt the 3-year bull-run on Indian stock markets had been halted. "We may have seen the market peak for this year," an official at a foreign brokerage said.
However, Mr Jaideep Mehta, Managing Director, Techno Stocks, said the markets would bounce back Friday, courtesy the clarification by the Government. "As per the clarification, only day traders will be impacted," he said.
The Sensex has shaved off 1,279.68 points from the peak of 12,671.11 registered on May 11. "The markets were at a very high altitude and had not had reasonable correction in a significant amount of time. All earlier corrections were short-lived ," Mr Nirmal Jain, CMD, India Infoline Ltd, said.