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When will they listen to John Maynard and I????
We need stimulus. We need to print more money so we can fund all of those shovel ready jobs that need to be filled. This will save or create many millions of jobs by my caculations. Never underestimate the Keynes multipler...the mor $ printed the better things will be.
OT: Not to be forgotten, everyone's favorite black swan...
Flashes of Cherenkov radiation and recriticality at Fukushima going entirely unreported
In any case: bullish !
Magical levitation all afternoon as the DOW reaches -200.
I have a serious question:
Can the movement in the EUR/CHF and USD/CHF FX pair be regarded as the inverse of what the movement of the gold price in € or $ would be, if it was only driven by supply and demand and not distorted by COMEX short positions ?
Both qualitatively and quantitatively ?
I mean gold is a scarce resource and the Swiss Franc is too.
The SNB, after unsuccessfully trying to print like crazy and buying Euros by the boatload which now rot on their balance sheet, has now given up on that and can only watch the Franc rise with despair as their Euros become ever more worthless.
Or is this comparison too far fetched ?
I have the same impression
Add oil to the picture, and the three seem to dance a tango...
If you have to ask, you can't afford it...
Sure it can and it has acted the way you describe. The reason has to do with "risk-on" vs. "risk-off."
The Swiss franc is now considered the world's most reliable currency and the action it is taking reflect an inverse correlation between risk and less-risk. It used to be the job of the US Dollar to be the safe-haven currency but that is no longer the case.
As the global perception of the US as "saviour to all economies" plants its feet firmer in cement, as illustrated by the pieces Tyler had at the week-end indicating that the US taxpayer has surreptitiously supported European banks to the tune of some $600 billion, the further the US dollar will decline. It has lost its safe-haven status because no one is sure what the Fed will do to shore up Greece, Portugal, Spain...you get the picture.
No one will be willing to give credence to a currency that is just giving it away. In the meantime, the Swiss franc fills the role of risk-off currency of choice, while gold fills the role of risk-on (speculation...) trades. What happens to the USD from here is anyone's guess.
As for today,I believe the magical ES levitation is just about to start.
The DJIA bounces as if by magic every time it nears the -200 mark.
Gentlemen, the hard deck on today's mission is 1263.
Yeah, cause I bought few stocks there :))
Regarding the Spanish 10 year, this is not a triangle, this is going to be just an island gap that is going to be closed downwards pretty soon.
You know, transitory.
Todays closing on spanish 10 yr was 5,548%
Don't you just get the feeling "someone" is going make a Canuck like "stick save" between now and the close and if not, most certainly before tomorrow's US open after some kinda roiling this evening. Come on now,,,,,,,we've been here before. On with the Greek party, geeze!
Well, spanish 10 year bond now at 5.548% now...plus serious rioting in Barcelona (regional parlament besieged by protesters, mps have to go in and out by helicopter or poclice vans) plus rumous of an general election in the fall etc etc
More on VIX here, from a long term perspective:
"S&P – First good support below here 1,257-1,241."
Draw trend line from April 2010 to April 2011
And lower trend line (parallel) from JUL 2010 to
2011 and that my lower target for S$P 1170 and Not
freaking 1000, Where is the Silver Chart?
Cause it can drop to about 23/oz by your charting
theory as well.. Be fair.. You don't have to promote
collapse and create panic. We have enough of it in reality
right on...shoot the messenger...
I've got a question.
WHAT THE HELL WOULD WE BE DOING IF TD & ZH WEREN"T STAYING ON TOP OF ALL OF THIS?
on top of what, dude? Yes, Market is down today
and you are happy, check back 2010 summer..
plenty room to move down.. Today your conspiracy
theory works, let's check back tomorrow.
Enjoy bearning Americans 401k's..
The world is full of stupid assholes. What else is new?
that's exactly my point.
maybe a combination of bear and burning?
I get no pleasure from the pain of others, but we are so unbelievably fucked that a 401K account is inconsequential compared to the doom about to be visited upon us.
But maybe you're right. Maybe all that matters is whether or not we're green tomorrow.
That is something I do not want to even think about. Been here almost 2 years and this site sure helps me sleep well at night.
And, we got Robot as a bonus. :)
could someone please explain the vix for me
what is it and how is it measured
Basically Volatility rising as Markets go down..
Check VIX there is options you can play on it..
But the problem is: with rising VIX option premiums
goes up accordingly so when Market rebound you can
lose that premium.. No free lunch here. I was trying to
protect some investments today via options and it's simply
impossible, prices for the options too high..
you can simply sell...
There you go mate:
Not sure what you're asking - but if it is about VXX don't play with it or any levered ETF. They are mathematical scams built by the big investment firms to steal investors money. They are built to approach 0 and pretty fast too. VXX has gone from a split adjusted 480 to 24 in a little over 2 years. It is a one day trade only.
Short those ETFs.
thanks guys for the info
It's time for the CNBS anchorettes to ask every day : "But is this the bottom?"
Of course the more appropriate question would be "Is this a great bottom or what?"
Sorry, but this is all news-driven price movements, not chart-driven.
Once again financials and materials leading the way down...the Pandora selloff is getting serious
--deleted reason: duplicate---
May I add -
TD & ZH are working their asses off for us.
i'll take Charts for $400, please, alex.
and the answer is: Bearish. slewie?
uhhnhh...is it bullish or bearish if the S&P 500 chart reminds you of the Mountain Climber Game on The Price Is Right?
it's 3PM. Critical levels everywhere. Smoke em if you got em kids...this could get weird:-)
Look at that huuuge tick volume in EUR/USD 15 minute. Might bounce very soon.
Not once have the idiots on the idiot channel mentioned that gold is "green".
they were not just frivolously granted the moniker of "the idiot channel"...they earned it.
Bet the Bernank is staring at these charts all day, sweating his ass off
Such total bullshit price action on SPY... being completely propped up every time it tries to break through support. The lie of SPY.
What is your problem? Are you short?
Wait for QE3 then, Ben will take care of you :)))
Stay long. QE3 is coming, I promise.
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