Check Mate GAME OVER
- Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
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DislikedThe very same reason for "best day in 5 years" yesterday (Fed plan) was the reason for today`s drop (Fed plan not gonna work sentiment)
Irrational stupidity still rules...
And I'm still sidelined as I'm looking for a higher term opportunity. These days, "higher than 1 day opportunity" means breakeven at best.
I have a great strategy to breakeven with zero risk. It's called "sideline"*
*PS. this strategy was developed by NASA in association with M.I.T. I shouldn`t be disclosing it, but I like you guys. Just please, take it as For Yours Eyes OnlyIgnored
Disliked100 UJ hit
More proof a carry unwind doesn't require / always come with USD buying - a USD selloff will do just fine as well.
NOW things are interesting.Ignored
DislikedWho here can see a UJ below 100? (I posted a chart aiming for 80 mid term last night in my journal I suspect it can also go past that as well if we do truly descend below 95..)Ignored
DislikedThe same Individuals who were long "GU" from 2.05 when "GU" was at 1.96xx.Ignored
QuoteDislikedFreddie Mac Chief Executive Office Richard Syron had some rather astounding comments to analysts today:- HOME PRICE DROPS "ONLY" ONE THIRD DONE
- WE'RE IN A 100-YEAR STORM IN HOUSING
- US IS IN WORST HOUSING MARKET IN A CENTURY
- APARTMENT'S ROLE IN HOUSING TO BE "MUCH BIGGER"
QuoteDisliked"Almost within the blink of an eye, a business that had borrowed $21bn from the world's biggest banks to invest in high-quality mortgage-backed securities will be gone, liquidated, kaput," said BBC business editor Robert Peston.
QuoteDislikedThe irony of CCC's problems is that the measures brought in to help ease the global credit crunch, may actually have exacerbated the situation.
Earlier this week, the US Federal Reserve, the Bank of England, the European Central Bank and other central banks said they would pump $200bn into financial markets to stimulate lending.
As part of their plan, they would allow lenders to put up the problematic mortgage-backed securities as collateral for the new central bank-backed loans they were offering.
However, instead of underpinning the mortgage-backed securities market, it seems to have had the opposite effect, giving lenders an opportunity to dump the risky asset.
"The Fed's new lending emergency lending facility allows the banks to swap mortgage-backed debt for Treasury Bills in a way that Carlyle could not do," said the BBC's business editor.
"So it would be rational for the banks to take Carlyle's assets and exchange them for top-quality, liquid US government bonds, rather than leave loans in place to a business, Carlyle, whose assets remained highly illiquid."
DislikedOK so US Headline and Core CPI month on month just came in at 0.0%
INFLATION HAS BEEN CONTAINED. Clearly, the fact that everyone knows prices of everything are going up, the fact that the Fed is printing hundreds of billions of dollars while the amount of goods produced is decreasing, AND the fact that certain commodities have risen nearly 100% in a year means nothing.
Inflation is ZERO. That's their story and they're sticking to it.Ignored