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Cesarnc's market talk, gossips, rumours & fun

  • #1,121
  • Dec 25, 2007 6:44am Dec 25, 2007 6:44am
Morning all... Hope you're all enjoying the holidays...

I hope you're not seeing THIS from the outside

http://paulfrankenstein.org/gfx/santadump.jpg
  • #1,122
  • Dec 25, 2007 7:07am Dec 25, 2007 7:07am
I just want to wish everyone on this thread Merry Christmas and Happy new Year.
Hope Santa Claus knows exactly what to give us.
  • #1,123
  • Dec 25, 2007 5:52pm Dec 25, 2007 5:52pm
Nintendo sixty FOOOOOORRRRRR

That's Christmas

Inserted Video


  • #1,124
  • Dec 25, 2007 6:04pm Dec 25, 2007 6:04pm
Would you let this guy sell you a home loan?

http://www.bloomberg.com/apps/data?p...d=ipDC8eJ9MsE0

For the Full story, go to: http://www.forexfactory.com/news.php?do=news&id=62069
Humble Lifetime Member
  • #1,125
  • Dec 26, 2007 3:42am Dec 26, 2007 3:42am
Carry traders, prepare parachutes for 2008 :surprised

Dec. 26 (Bloomberg) -- The dollar may fall 20 percent to 95 yen in 2008 as a housing slump erodes U.S. corporate earnings and consumer spending, forcing the Federal Reserve to cut interest rates, according to Mitsubishi UFJ Securities Co.


``The adjustment in the U.S. housing market has just begun,''' Kazuo Mizuno, chief economist in Tokyo at the unit of Japan's largest publicly traded lender, said in an interview today. ``It will probably bottom out in three or four years. Meantime, this will keep buffeting consumption, employment and the dollar.''


Mizuno's forecast is among the most bearish, with the median estimate of 42 economists for the dollar to fall 3 percent to 110 yen next year. The U.S. currency this year dropped 4 percent as the Federal Reserve cut its benchmark interest rate by 1 percentage point to support the economy.
  • #1,126
  • Dec 26, 2007 4:48am Dec 26, 2007 4:48am
euro is already started to outperform,...i think it will reach 1.4777 in 1 month,...
its just money
  • #1,127
  • Dec 26, 2007 8:02am Dec 26, 2007 8:02am
Retail numbers suck, buh bye Dow.
Patience + Humility + Study = Success
  • #1,128
  • Dec 26, 2007 8:46am Dec 26, 2007 8:46am
Quoting DutchTrader
Retail numbers suck, buh bye Dow.
Yes...

And news bring short term vs. long term takers:

"Warren Buffett tells CNBC that the decision to pay $4.5 billion for a majority stake in Marmon is a "very large bet on America over a long period of time."

But as Mr. Buffet says

-"buy when everybody is selling and vice versa"



-"you cannot make 1 child in 1 month by impregnating 9 women" LOLLLL
  • #1,129
  • Dec 26, 2007 8:54am Dec 26, 2007 8:54am
Quoting cesarnc
Yes...

And news bring short term vs. long term takers:

"Warren Buffett tells CNBC that the decision to pay $4.5 billion for a majority stake in Marmon is a "very large bet on America over a long period of time."

But as Mr. Buffet says

-"buy when everybody is selling and vice versa"



-"you cannot make 1 child in 1 month by impregnating 9 women" LOLLLL
Buffett is lying, that company's got a huge presence in China. He also said he isn't going to buy any banks, and they've all called him to offer him a stake.
Patience + Humility + Study = Success
  • #1,130
  • Dec 26, 2007 9:15am Dec 26, 2007 9:15am
Quoting DutchTrader
Buffett is lying, that company's got a huge presence in China. He also said he isn't going to buy any banks, and they've all called him to offer him a stake.
Can it be that simple to read W. Buffett?

He also sold Petrochina but none of his US companies lately...
  • #1,131
  • Dec 26, 2007 9:16am Dec 26, 2007 9:16am
Richmond Fed: Dec Manufacturing Index -4 Vs Nov 0

NEW YORK (Dow Jones)--Economic activity in the Richmond region slid in December from a flat reading the previous month, the Federal Reserve Bank of Richmond reported Wednesday.

The bank's manufacturing index for the current month fell to -4 from 0 in November. The shipments index sank to -10, from 1 the prior month. Numbers below zero point to contraction.

Meanwhile, the services sector readings showed slight improvement, the revenues index was flat, from -2 in November, while the retail sales rose to -2 from -19.

All companies that participated in the survey are located within the Federal Reserve of Richmond district, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia.

-By Emily Barrett, Dow Jones Newswires; 201-938-2248; [email protected]

(END) Dow Jones Newswires

December 26, 2007 10:13 ET (15:13 GMT)
  • #1,132
  • Dec 26, 2007 9:19am Dec 26, 2007 9:19am
Quoting branco
Can it be that simple to read W. Buffett?

He also sold Petrochina but none of his US companies lately...
Buffett reminds me of the story of a coach who was matched up against his protege. The protege's teams were never able to beat him. So they asked th Coach what his thoughts were about his protege, and he replied "I thought him everything he knows, but I didn't teach him everything that I know"
Patience + Humility + Study = Success
  • #1,133
  • Dec 26, 2007 9:25am Dec 26, 2007 9:25am
Quoting branco
Can it be that simple to read W. Buffett?

He also sold Petrochina but none of his US companies lately...
Indeed he sold Petro China, at a premium! He walked away laughing. Guess what, when the bubble bursts in China, he'll be one of the first to be back in buying.
Humble Lifetime Member
  • #1,134
  • Dec 26, 2007 9:32am Dec 26, 2007 9:32am
Quoting Ash
Indeed he sold Petro China, at a premium! He walked away laughing. Guess what, when the bubble bursts in China, he'll be one of the first to be back in buying.
Not arguing with that, we agree. Just saying it is not that simple as saying "Buffett is buying China and selling US" - because it never is that black & white.
  • #1,135
  • Dec 26, 2007 9:39am Dec 26, 2007 9:39am
Quoting branco
Not arguing with that, we agree. Just saying it is not that simple as saying "Buffett is buying China and selling US" - because it never is that black & white.
I never said it was that black & white. There is always a "gray" area.
Humble Lifetime Member
  • #1,136
  • Dec 26, 2007 9:54am Dec 26, 2007 9:54am
Who said it was black and white? He's never going to tell people what he's really doing.
Patience + Humility + Study = Success
  • #1,137
  • Dec 26, 2007 10:23am Dec 26, 2007 10:23am
Quoting Ash
I never said it was that black & white. There is always a "gray" area.
And I supposed that "gray" area is where we (borrowing cesarnc's word) "feast"???
  • #1,138
  • Dec 26, 2007 10:35am Dec 26, 2007 10:35am
Quoting cesarnc
Carry traders, prepare parachutes for 2008 :surprised

Dec. 26 (Bloomberg) -- The dollar may fall 20 percent to 95 yen in 2008 as a housing slump erodes U.S. corporate earnings and consumer spending, forcing the Federal Reserve to cut interest rates, according to Mitsubishi UFJ Securities Co.


``The adjustment in the U.S. housing market has just begun,''' Kazuo Mizuno, chief economist in Tokyo at the unit of Japan's largest publicly traded lender, said in an interview today. ``It will probably bottom out in three or four years. Meantime, this will keep buffeting consumption, employment and the dollar.''


Mizuno's forecast is among the most bearish, with the median estimate of 42 economists for the dollar to fall 3 percent to 110 yen next year. The U.S. currency this year dropped 4 percent as the Federal Reserve cut its benchmark interest rate by 1 percentage point to support the economy.
95 yen!!! Wow, that would be something. I don't really agree with the housing market forecast. 4 years sounds like too much.
  • #1,139
  • Dec 26, 2007 10:48am Dec 26, 2007 10:48am
Quoting falcon232
95 yen!!! Wow, that would be something. I don't really agree with the housing market forecast. 4 years sounds like too much.
Yen @ 95, isn't so far fetched. I have been anticipating. I even posted it somewhere about two months ago that I see the Yen hitting around 95-101. For now, go with flow.
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  • #1,140
  • Dec 26, 2007 10:53am Dec 26, 2007 10:53am
People are really, really, really underestimating this housing crunch.
Patience + Humility + Study = Success
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