Cesarnc's market talk, gossips, rumours & fun

10,000 pips could be a million

Yeah, and she also wants the Land Rover or Jaguar that she's been looking at for some time now.

One of my closest friend's wife went shopping not too long ago. So she comes home with just one small bag. He asked her what she did, she said not much dear. Anyway, fast forward to a few weeks later he comes downstairs and his wife says "Oh honey I'm having some decorators come in", turns out she ordered a whole new interior for the entire downstairs area, about 400k worth. I told him, you should've known you were in trouble when she only had one small bag.

So true.

I think at the minimum it's almost 1k, so who knows. I'm not at that level, but my best friend is and I think for him the minimum pip is 1,000 usd so do the math. I know he had a great run on AJ I'll ask him, after he buys the drinks

I was going to say that.

To himself : or to the nation?

Trichet speaks in one hour. Don't know about the Prez?

Bulls are RUNNING!!!!!

Well, not really..

Just limping back a notch

Yeah, even the bulls are getting smarter.

Currencies are in BS gear today...

I'm out. Going back to Greenspan's book and catch up with you guys later for the usual Friday afternoon Johnnie Walker apology...

Freaky, I pop in here for some light entertainment and find all these posts about women and shoes.....last night, my daughter got back on island, wearing a brand new pair of killer boots and now my wife's gone shopping, so heaven knows what she'll come back with!

I think I feel a large Mount Gay will be needed before I get presented with the bill - good job its Poets Day, its all down hill from here.

I'm headed out for some coffee, and apartment hunting.

Come to think about it, my wife said she was going to get a new pair of shoes.

Hi all,

Just in....
URGENT
Amid concerns over US economy, Bush to say tax rebates are
best stimulus

By ANDREW TAYLOR=
Associated Press Writer=
WASHINGTON (AP) _ President George W. Bush will say in
remarks Friday that tax rebates to get money into the
pockets of consumers are the best way to stimulate the U.S.
economy but will not detail how big they should be.
Democratic congressional leaders agree that one-time
checks should be in the package, but are working on a
broader measure that would also include aid for the poor
and unemployed. Bush planned to lay out his position
publicly for the first time later Friday.
White House spokesman Tony Fratto said that Bush also will
outline about how much the government should spend in order
for the short-term growth package to be effective. This new
White House bottom line likely would significantly shape
the president's negotiations with Congress.
"It's hard sometimes for people to understand how large
this economy is," Fratto said. "So he'll have something
to say about how large a package."

The White house said that Bush is going to talk about the size of economic stimulus package in his remarks at 11:50 ET, according to Reuters. Part of the President's will reportedly include tax rebates..........

he talks at 11:45 est. that is just before noon on the east coast of the u.s. for those who do not live in the u.s. finally, my tax dollars doing some good work, coming back to me!!!! woohoo!!!

hey suntrader, what is the deal with short covering???? they have been yacking about it all day on the toob. how does that effect the forex???

anyone have a clue about short covering???? anyone??? beuller???? beuller???

Ambac Scraps Plan to Raise Equity After Stock Tumbles

Jan. 18 (Bloomberg) -- Ambac Financial Group Inc. scrapped a plan to raise equity capital after the bond insurer's shares plunged 70 percent in the past two days, putting its AAA credit rating in jeopardy.

Without new money, New York-based Ambac risks losing the top ranking it depends on to sell bond insurance. Ambac, the second- largest financial guarantor, may have to stop writing insurance or sell itself, said Robert Haines, an analyst at CreditSights Inc., a bond research firm in New York.

``This is a stunning development,'' Haines said. Ambac will probably be downgraded by Moody's Investors Service and Fitch Ratings, Haines said.
Ambac blamed ``market conditions'' and scrutiny by ratings companies for its decision to drop efforts to sell $1 billion of shares or convertible notes.

Moody's said this week it may cut Ambac's ratings after the company forecast writedowns of $3.5 billion on subprime-mortgage securities. Fitch demanded the company raise $1 billion by the end of the month.

Ambac, which traded at more than $96 eight months ago, rose 55 cents to $6.79 at 10:15 a.m. in New York Stock Exchange trading. The company's market value has tumbled 93 percent to $683 million in the past 12 months.
Shareholder Evercore Asset Management LLC yesterday called on Ambac to shelve the plan and relinquish its AAA rating. Ambac should allow the policies it has written to run off, Evercore Chief Investment Officer Andrew Moloff said yesterday in a letter to Ambac's board.

Shiiiiiiiiiiiit, wish I shorted that sucker a year ago.