DislikedYeah.. its almost like they are shorting ahead of Bernanke's testify..
\"OH shit Bernie's talking in 15 mins.. SELL MF SELL!!!!!!!!!\"Ignored
Bernie live on CNBC
Walk the Talk from a fun loving discretionary trader 46 replies
You talk the talk I walk the talk 8 replies
DislikedYeah.. its almost like they are shorting ahead of Bernanke's testify..
\"OH shit Bernie's talking in 15 mins.. SELL MF SELL!!!!!!!!!\"Ignored
DislikedNot in the stock market, though. That's why it's weird...
Bernie live on CNBCIgnored
DislikedBERNIE asks politely to help him print more money:
Federal Reserve Chairman Ben Bernanke endorsed a second stimulus package in his testimony before the House of Representatives' Budget Committee on Monday morning. He also said the House should consider initiatives to improve access to credit for consumers, homebuyers, and others, which he said would promote job creation.
\\\"[W]ith the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate,\\\" the Chairman said.
Bernanke said time is needed for the financial sector to recover and credit markets to unfreeze, and that in the interim period it may be difficult to judge when the economy will recover. \\\"[T]he uncertainty currently surrounding the economic outlook is unusually large,\\\" he noted, adding that the \\\"optimal timing, scale, and composition of any fiscal package are unclear.\\\"
Bernanke said a second stimulus package can only be designed by elected officials, but he offered advice on its design.
\\\"To best achieve its goals, any fiscal package should be structured so that its peak effects on aggregate spending and economic activity are felt when they are most needed, namely, during the period in which economic activity would otherwise be expected to be weak,\\\" he said.
\\\"Any fiscal package should be well-targeted, in the sense of attempting to maximize the beneficial effects on spending and activity per dollar of increased federal expenditure or lost revenue; at the same time, it should go without saying that the Congress must be vigilant in ensuring that any allocated funds are used effectively and responsibly,\\\" he added.
Bernanke also said the package should be designed to limit longer-term effects on the federal government's deficit.
\\\"Finally, in the ideal case, a fiscal package would not only boost overall spending and economic activity but would also be aimed at redressing specific factors that have the potential to extend or deepen the economic slowdown,\\\" he added.
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Although he is not wrong, the stimulus package will be printed in his own smithy again, making the US even more endebted to the FED.
Well And the GJ fell!!
Ciao!
MattIgnored
DislikedOK, now we have the whole \"Bullshit Entourage\" on the move...
President Bush \"Open\" to Fresh Economic Stimulus, White House Says (story developing)Ignored
DislikedI still don't get the carry trades... GJ lost 500 pips in a +150/200 DowIgnored
DislikedTurns out, BWR had the best trade of all. Leaves for vacation at Dow 10,300, skips the nuclear selloff, gets back at 9,000 with Buffet saying it's time to get greedy... Meanwhile, with a fast growing market to make a buck in Wall Street: his \"motivation boosters\"Ignored
DislikedPoll:
Dow Today:
A) Last hours rally
B) Last hours selloff, close flat
C) Last hours selloff, close -200.
D) No idea.
I'm D, that's why I'm posting the poll LOLIgnored
DislikedActually my trading has been GREAT during my vacation.
E.U and G.U shorts and still holding.Ignored
DislikedRight It is quite amazing how many pips are hidden in a single day these times!!Ignored
DislikedWell it's about time.....you been partying all summer watching soccer, then you take a month off for vacation. It looks like you have been partying since June.Ignored
DislikedPoll:
Dow Today:
A) Last hours rally
B) Last hours selloff, close flat
C) Last hours selloff, close -200.
D) No idea.
I'm D, that's why I'm posting the poll LOLIgnored
DislikedSince June? Of which year? I can't remember.
Actually this has been one of the best summers ever. Not since I was a child and had free summers have I experienced one like this one. It felt like one big party all summer longer and the best part is I made a ton of money (I mean my account percentage grew substantially as well as my cash) And now my summer is officially over But at least I'm still making pips
How was your guys summer?Ignored
Disliked3 girls got their butt against Buffett, Billy got one infront of him.
Warren > Gates even though he's older.
He must've got some expensive gold tool down there!
And since the pic was from you UK, when I read it, I read Cleverage.
It was leverage.Ignored