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Cesarnc's market talk, gossips, rumours & fun

  • #641
  • Dec 12, 2007 2:15pm Dec 12, 2007 2:15pm
Quoting Ash
Don't like getting stopped out. Equities should have tanked last night during the Asian session and I would have been fine. Something fishy went on. The Japanese are cautious traders ever since they got their rear-end's burned back in August. Equities should have tanked but they didn't. Doesn't matter, I'll be more careful next time.
I didn't think much of it at the time but this came up on TradetheNews.com last night:

Yesterday 05:56pm
(US) According to CNBC's Steve Leisman, his sources are telling him that the Fed is conidering alternative measures to address liquidity issue

And if Steve Whatshisface knows about this then you can bet that all the big players were well clued in about it as well.

It's fairly obvious (although you wouldn't think it after the shit storm of the last couple of days) that CB's tinkering with interest rates only really has effects in the short term, then expectations adjust and the markets return back to equilibrium. Reducing interest rates hasn't stopped Japan falling into a recession every couple of weeks, didn't stop the Wall Street Crash or any of the recessions in the last 100 years they've been using the policy so why do people still buy into it? I think the Fed and other CB's know the shit is going to hit the fan unless they can pull something drastic out, not sure this will cover it but it sure has pissed my plans up the wall.
  • #642
  • Dec 12, 2007 2:22pm Dec 12, 2007 2:22pm
Hi there....

Back in town... feels so good.

Wow, I didn't get today's move across the board. Dow rallied in the morning (after the -294 y'day), now has given it all back, now in -ve territory...

GJ soared via UJ (grab my 100pips ), but I don't know why ... LOL

Cable and Euro in pig fashion after that crazy 12GMT H4 (news I guess)...

I think it will take I while for me to chew this whole Fed move...
  • #643
  • Dec 12, 2007 2:25pm Dec 12, 2007 2:25pm
Thanks for the info. I am always glued to the tube watching Bloomberg. I guess I am going to have to step it up a notch and possibly look into tradethenews.com or some other.

What doesn't make sense is that everyone knows where we are headed so lets just get it done and over with. Everyone is talking about a soft landing. It didn't help Japan out what makes it different this time? The Dow sky rocketed today but look at where it is now? They only screwed up my plans for the time being, no problem, since I trade on higher TF's, I'll find a way to get back in. Back to the drawing and doing my homework into the fundamentals.

Good Luck to everyone!



Quoting birdt
I didn't think much of it at the time but this came up on TradetheNews.com last night:

Yesterday 05:56pm
(US) According to CNBC's Steve Leisman, his sources are telling him that the Fed is conidering alternative measures to address liquidity issue

And if Steve Whatshisface knows about this then you can bet that all the big players were well clued in about it as well.

It's fairly obvious (although you wouldn't think it after the shit storm of the last couple of days) that CB's tinkering with interest rates only really has effects in the short term, then expectations adjust and the markets return back to equilibrium. Reducing interest rates hasn't stopped Japan falling into a recession every couple of weeks, didn't stop the Wall Street Crash or any of the recessions in the last 100 years they've been using the policy so why do people still buy into it? I think the Fed and other CB's know the shit is going to hit the fan unless they can pull something drastic out, not sure this will cover it but it sure has pissed my plans up the wall.
Humble Lifetime Member
  • #644
  • Dec 12, 2007 3:01pm Dec 12, 2007 3:01pm
The laughs keep coming from Wash. DC. I think we should amend the constitution to allow George W to stay another 4 years, at least.

REYKJAVIK (Reuters) - A teen-ager says he convinced the White House he was Iceland's president and managed to schedule a call with George W. Bush but was found out before he got to talk to the U.S. president.
"My call was transferred around a few times until I got hold of Bush's secretary and managed to book a call meeting with Bush the following Monday evening," Vifill Atlason, 16, told Reuters.
The teen-ager posed as Icelandic President Olafur Ragnar Grimsson when he made the call on Dec 1.

  • #645
  • Dec 12, 2007 3:14pm Dec 12, 2007 3:14pm
Quoting SunTrader
(...) I got hold of Bush's secretary and managed to book a call meeting with Bush the following Monday evening,"

Clearly the secretary had the sentibility that Bush would take at least 24hours to realize that Iceland is a country, not a ski station in Aspen
  • #646
  • Dec 12, 2007 4:02pm Dec 12, 2007 4:02pm
Subprime crisis chapter 2: Central Banks Junction...

Dec. 12 (Bloomberg) -- The Federal Reserve, European Central Bank and three other central banks moved in concert to alleviate a credit squeeze threatening global growth, in the biggest act of international economic cooperation since the Sept. 11 terrorist attacks.


The Fed said in a statement it will make up to $24 billion available to the ECB and Swiss National Bank to increase the supply of dollars in Europe. The Fed also plans four auctions, including two this month that will add as much as $40 billion, to increase cash in the U.S.


Central bankers took the action after interest-rate reductions in the U.S., U.K. and Canada failed to allay concerns that banks will reduce lending, which may send the U.S. into recession and hobble growth abroad. Borrowing costs have climbed as mounting losses on securities linked to subprime mortgages caused lenders to conserve cash.


``This is shock and awe,'' said Fred Goodwin, a fixed- income strategist at Lehman Brothers Holdings Inc. in London. ``The fact that it's coordinated means they have joined together in the war to attack the problem, which is that banks don't trust each other.''

My remark: Who could even trust a bank that lends money to whom cannot pay the damn thing? My dog just left the room after seeing me typing this line.
  • #647
  • Dec 12, 2007 4:15pm Dec 12, 2007 4:15pm
"Three major U.S. banks said they expect more write-downs and loan losses in the fourth quarter, eroding investor enthusiam over a Federal Reserve plan to ease the global credit crunch."

To me, this means: "Do whatever you want Bernie. WE want more cuts"
  • #648
  • Dec 12, 2007 4:20pm Dec 12, 2007 4:20pm
Cramer: new plan a fiasco

Cramer continued his diatribe against the Federal Reserve on Wednesday's Stop Trading!, saying the central bank's plan to inject more liquidity into the markets won't produce the same results that a 50-basis-point interest rate cut might have.

http://www.cnbc.com/id/22221090
Worth watching the video
  • #649
  • Dec 12, 2007 4:37pm Dec 12, 2007 4:37pm
Quoting cesarnc
"Three major U.S. banks said they expect more write-downs and loan losses in the fourth quarter, eroding investor enthusiam over a Federal Reserve plan to ease the global credit crunch."

To me, this means: "Do whatever you want Bernie. WE want more cuts"

With the Central Banks joining forces...this makes me wonder especially with the ECB...since they had hinted at a possible hike...would they now consider a rate cut along with everyone else, since they have now joined the Central banks "superhero" crowd???

HOLLA
  • #650
  • Dec 12, 2007 4:37pm Dec 12, 2007 4:37pm
Quoting cesarnc
Cramer: new plan a fiasco

Cramer continued his diatribe against the Federal Reserve on Wednesday's Stop Trading!, saying the central bank's plan to inject more liquidity into the markets won't produce the same results that a 50-basis-point interest rate cut might have.

http://www.cnbc.com/id/22221090
Worth watching the video

Yea, I saw this on TV....he had me cracking up......
  • #651
  • Dec 12, 2007 5:21pm Dec 12, 2007 5:21pm
Paris visited a zoo in Berlin. Rumour has it she's looking for an apartment in the German capital
  • #652
  • Dec 12, 2007 5:44pm Dec 12, 2007 5:44pm
No minimum rate
The Bank of England will increase the amount offered in its next auction on 18 December from £2.85bn to £11.35bn, of which £10bn will be offered for three months.
Crucially, it will accept a slightly wider range of assets as collateral for the loans.
The Bank of England held a similar auction for three-month loans in September, but there were no bidders, because banks were worried that the stigma attached to the auction would reduce confidence in them so soon after the run on Northern Rock. That auction had a punitive minimum rate set at 1% above the Bank of England's base rate, whereas the new auctions do not have a minimum rate.



So let me get this straight, back in September when the BOE did this nobody stepped forward because if so, then folks would start to worry and possibly cause another Northern Rock situation correct......

And now there is no minimum rate.......

So on December 18th who is going to be the first one to come forward???? Will this cause people to run to the bank to withdraw their money???

And after all of this, Northern Rock is still borrowing money from the BOE with no bidders wanting to paid the asking price, but instead buy it for a low ball offer.....

Something smells fishy.....

Stay tuned....

HOLLA
  • #653
  • Dec 12, 2007 6:03pm Dec 12, 2007 6:03pm
Apparently it'll be anonymous. So we won't know. Instead we'll speculate and there'll be a run on every bank!
  • #654
  • Dec 12, 2007 10:48pm Dec 12, 2007 10:48pm
Would anyone care to explain how is it that the Nikkei 225 has been down almost 300 points and there has hardly been any reaction among the currencies (especially the carry trade)?
  • #655
  • Dec 12, 2007 11:25pm Dec 12, 2007 11:25pm
Quoting southernmind
Would anyone care to explain how is it that the Nikkei 225 has been down almost 300 points and there has hardly been any reaction among the currencies (especially the carry trade)?
Would you care to explain why there should be a reaction from the currency pairs in the first place?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #656
  • Dec 12, 2007 11:38pm Dec 12, 2007 11:38pm
Quoting Plutonite
Would you care to explain why there should be a reaction from the currency pairs in the first place?

Normally, when one of the major world indicies is deep in the red, there is a reaction.
  • #657
  • Dec 13, 2007 1:34am Dec 13, 2007 1:34am
All Asia below -2.5% today :surprised

It usually affects UJ (which is falling already) more than anything. Let's see how Europe is going to trade after the wierd USA y'day.
  • #658
  • Dec 13, 2007 1:38am Dec 13, 2007 1:38am
Quoting cesarnc
All Asia below -2.5% today :surprised

It usually affects UJ (which is falling already) more than anything. Let's see how Europe is going to trade after the wierd USA y'day.
I think the FTSE is going to have a bad day today!
  • #659
  • Dec 13, 2007 1:55am Dec 13, 2007 1:55am
Quoting peterM
I think the FTSE is going to have a bad day today!
Futures are positive
  • #660
  • Dec 13, 2007 2:09am Dec 13, 2007 2:09am
Quoting cesarnc
Futures are positive
Whatever... Europe is down -1% at open.
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