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Many commodities surged again today. Maybe Egypt should start printing more of its own currency and kite its own stock market... and then LIE about the negative effects to its people as their middle class starves to death.
The Ben Bernank = Pathological liar and psychopath?
Seems Backwardation! Is it permanent or just a spike?
The revolution will not be flowcharted (either!)
Unless functional legal mechanisms to establishing property rights (like clear, defensible and transferable titles etc.) are put in place, that regular people can utilize without wasting half their life, I think it's all just going to be a bunch of shit-stirring.
And I don't see any mention of that here.
If they do not find people with good transferable property rights like the Indians, they wont make it.
That is the lesson taught by the US.
This analysis is a good linear way of looking at the events. The underlying assumptionis that the worst is behind them. I am not so sure this is true. I view this as the first chapter in an ongoing saga with multiple additional shocks to come.
"NOT AN ECONOMIC OR FINANCIAL-TRIGGERED EVENT?"
So that's what Free trade ideology, deregulation of Egyptian banks, and Genocide Ben's printing food prices into the stratosphere is considered now?
No, these are the straws that broke the camel Mubarak's back, but that isn't a trigger...of course.
Today was a high. Tomorrow should be down big, between 12-24 S&P points intra-day, but will likely buy ~5-6 pts of the losses back into the close.
Sure, Eric. I am in. Duke & Duke stakes.
[I would love to see you win big. This is a very small hedge for me.]
Deal. I'll even go further since I might as well go big since my neck is on the line. I expect tomorrow's open will be the high for the day.
crow for breakfast, lunch, and dinner today. yummy!
looks like another OpEx Friday snoozer instead. finish up 1-3 points into the holiday weekend.
i wonder if we'll be up on the first day next week, lol.
speakerFTD, you are the victor. i know it seems a little early but if it doesn't happen in the first hour, it is not going to happen.
Getting my clock cleaned trying to short this beast, all my indicators might as well be tossed into the trash bin. I have no idea what hell is going on in Ben's casino anymore.
What are you looking at to suggest such an intra-day dip? That would be a huge correction in this market.
unless you feel lucky you could play the 0 or 00
Don't give up now. At least see what the market brings tomorrow. There is sufficient evidence suggesting tomorrow will be down big intra-day and down at the close. If the evidence advances over the next couple weeks and shows a top being put in place for a correction, I will write it all out, ok? I just called today a high based on the evidence, but not necessarily the top in this rally since November.
Of course with Bernanke, Geithner, and Mervyn King all speaking tomorrow before the market opens we have to respect the potential for chaos.
Didn't they have any pyramid shaped flow chart templates in their PowerPoint folder?
How in the world can anybody say it's not an economic event? That's the dumbest thing I've ever heard of. The only reason you have an overthrow of governments is due to economic events.
But Israhole wants and thinks that it has the right to, all lands up to the Nile River per the Biblical text. Now then, I know and you know that is nonsense, but this is their goal. If that is the case and it is, then all of this discussion about Egypt and the days ahead must be measured taking what I just said into account. Another words, Egypt as a country is finished, unless the people there wake up and take control of what is their land and realize what the real problem is around there and what the real truth is. Also one must understand that there are many jews in Egypt, jews that converted to Islam, long ago. So now you have the Israeli enemy in front of you and the enemy of your people inside the gates of the city. Does this sound familiar?
Does it sound like this?
double plus good
First they came for the communists,and I didn't speak out because I wasn't a communist.
Then they came for the trade unionists,and I didn't speak out because I wasn't a trade unionist.
Then they came for the Jews,and I didn't speak out because I wasn't a Jew.
Then they came for meand i said hold on while i change into something you can believe in.
Classic. Does this mean they expect a contracted PM play in all this?
close it's oreoeconomic - the Egyptians were rioting due to Oreo shortages and Mubarak said I will not step down, let them eat Oreos!
I really need to stop drinking during lunch....
YOU stink TD!!! I've been working on this for days now, and you've beaten me to it.
My analysis is done differently, and has different results... BUT I WANTED TO BE FIRST.
Congrats, well done.
What QE is doing is dissolving the bonds/bounds of a tribal society, whether it is in the Arab world or a public union in Wisconsin. Those societies are the most brittle, brutal, and blunt.
In Egypt's case, look at their oil production:
This revolution business doesn't help tourism (++ economic engine). Middle East problems could result in issues with the Suez Canal (++ economic engine).
With oil production dropping, Egypt's got troubles. I didn't see that on the above chart. I guess someone wants to get rid of some "pounds", British or Egyptian...
All that matters is that stocks are pricing in an international boom in consumer spending, Egypt and Tunesia being the front-runners.
Especially when you look at the outrageous breakouts in consumer stocks like Cabela's (I didn't know Egyptians knew anything about fishing....LOL..), Timberland (I thought 90% of Egyptians were barefoot), Estee Lauder (I didn't know Middle Eastern women wore any makeup...)...
The new bank I am working for is going to be installing an new state of the art operating system from Jack Henry & Associates. I am also working with Fair Isaac to develop a new automated commecial credit scoring program.
Both stocks are going ballistic, proving that community business banking is coming back with a vengeance. Maybe 200 new Citibank and HSBC branches are going to open up in Cairo??
nothing they have is "state of the art" , now i know you are a tool.
The stock is balistic because of the recent buys and of course they throw off a lot of easy money.
However, well you can figure it out or not.
community banks will are being killed.
another 500-600 are going down the drain.
Most have shutoff their spending they are scared to death.
well if it isn't the old catfish mouth robotool putting in an appearance to tell us he was once again out in front of two wildly popular stocks - jkhy ave daily vol 441k and fico ave daily vol 240k - which he just happened to buy and coin money on. don't you wish you had the stock picking ability of the old catfish mouth.
in the meantime, as the catfish mouth would say, the robotool's short silver play is looking a little limp in the wrist. but that's ok since he has the consolation prize of knowing that he schooled gentleman jim sinclair on appropriate investing techniques. but not to worry since from robotool's network of friends in high places we now all know that the jpm silver short position is a myth, and that of course, there's no inflation in the land.
I heard the CIA is going to install Dick Cheney as the new Egyptian dictator.
summer of rage. read your history. Middle East has been amazingly calm for the past 50 years because of the oddity of the Cold War and its focus on Europe. The collapse of the Soviet Union is your tell--it's a free for all throughout the entire Middle East now with all opportunistic eyes on "The Kingdom." Isn't it amazing that darn near all the world's oil comes from a single small spot on the planet. Don't be surprised if the entire thing gets "blowed up." If I can't have it...then no one can....!!!!!
This is a riot.
Like some clown with WordArt can predict the trajectory of a REVOLUTION from his little desk in front of his little computer!
I thought the REVOLUTION was over when the junta took command?
That's what I read here.
This is hilarious! What a retarded projection. Was it done by an 8th grader at the state department? It's just wishful thinking: Egypt will open its markets up to us! Goody!
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