Dear Moderator of Forex Factory
Did I do something wrong that caused my in depth reflective post to be put into the recycle bin as SBrickman has pointed out ?
Thanks for your hoped for response.
Bruce
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USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
Disliked01:46 USD/JPY: Move Down Also Tied To News Of Fresh Al-Qaeda Threats Tokyo, May 28. US media reports that Al-Qaeda is threatening fresh chemical, biological and nuclear attacks on the West look to be pressuring USD/JPY along side offering interest from those paring down longs. EUR/JPY too looks to be under a bit pressure with Europe also under threat. Asia looks to be the mini-haven of choice in this scenario. Though down, USD/JPY is seen some support around 104.00. Light trader stops are still seen below however. Renewed bidding interest is noted below though and especially towards 103.50. [email protected]Ignored
DislikedA bullish doji is forming on the 60M charts. It is also right near former resistance (now support). If it closes on a doji (there are still 30 minutes left) then I am looking for a 20-40 pip rise at minimum.
My charts and analysis here:
http://piphut.com/2008/05/technical-...-doji-forming/Ignored
DislikedI have a 61.8 fib retracement from the lows of 103.88 to the high at 105.30. Looking for it to go back up.Ignored
Dislikedguys, i think a triple top is forming.. what do you think??
Look; since apr-22 we have the first rally, tops bounced back within the range 105.70-30 and the neckline is @ 102.70 (aprox). Confirmation is still neededIgnored
DislikedI will not be astonished if this pair goes and retests the two digit region again, but I really believe that we should prepare ourselves to put our bear hat aside for a while. I'm pretty sure that the dollar will start to slowly recover and we will look back in a few years and say "what a nice uptrend, I wish I had bought down there at the 105 area!!!"
Cheers!!!!Ignored
Lehman management has not been terribly forthcoming about reporting quarterly losses and write-downs. Brad Hintz from Bernstein Research hinted that fuzzy math produced Lehman’s “strong” March earnings report: “We believe the quality of these earnings was weak, as the firm benefited from a lower tax rate and enjoyed a $600 million mark-to-market gain on its liabilities.”
That’s a polite understatement. Believe it or not, accounting rules allow investment banks to book a profit when the value of the bonds they have issued FALL. Follow along with this crazy logic if you can: Because the holders of Lehman’s bonds became fearful that Lehman would declare bankruptcy, the bondholders dumped the bonds at very low prices. Therefore, because Lehman’s bond prices tumbled, Lehman could, theoretically, buy back the bonds at prices much lower than the stated value of those bonds on Lehman’s balance sheet. As a result, this bizarre accounting rule concludes, Lehman can book a “profit” on the difference between the issue price of its bonds and the depressed market prices. Taken to an extreme, Lehman could probably post one if its most profitable quarters ever, just by declaring bankruptcy!
Obviously, falling bond prices indicate financial stress, and certainly do not produce sustainable, high-quality earnings. Such “earnings” do not generate cash or create any value of shareholders whatsoever.
Net-net, Lehman is still facing the likelihood of losing tens of billions of dollars over the course of the next few years. As losses pile up, Lehman will have to raise capital. That means flooding the market with LEH shares. Lehman may have to issue hundreds of millions of new shares at a discount to rebuild its capital shortfall, severely diluting the existing shareholders.
David Einhorn, an accomplished hedge fund manager, recently explained why he’s still selling short Lehman shares. In a speech at the April 8 Grant’s conference, he said that Lehman may have to boost its capital by as much as $30 to $70 billion. If Einhorn’s guesstimate is anywhere close to the mark, Lehman’s shareholders are in for a very rough ride.
The worst might be over for the financial sector, just like so many investors seem to believe. But a lot of bad stuff is still rolling our way. For the rest of 2008, therefore, investors might want to take their cue from Credit Suisse CEO Brady Dougan when he said, “The number of times people have seen the light at the end of the tunnel, it turned out to be a train coming down the tracks.”
Regards,
Dan Amoss
Bruce ... I am not making this up folks this is the most dangerous situation we have ever faced period. The Fiat system is in meltdown. They are fighting for their future. Oil is over $120 and Gold Over $900 and The Euro over $1.55 and The Game is ending after 95 years of the FED robbing their citizens.
Give them 5 more years before it collapses.