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Cesarnc's market talk, gossips, rumours & fun

  • #3,401
  • Jan 21, 2008 5:59am Jan 21, 2008 5:59am
Quoting cesarnc
Dax down 5%!!
This is probably the capitulation day that Wall Street has been expecting. Ironic that Wall Street is closed

I'm expecting a rebound anytime soon... a black Monday was what we needed for a rebound. Then we need to know if this can be called the first "Bear Rally" in this market for a long time
  • #3,402
  • Jan 21, 2008 6:06am Jan 21, 2008 6:06am
Quoting branco
This is probably the capitulation day that Wall Street has been expecting. Ironic that Wall Street is closed
Is it closed? I thought so, but dow futures are running...

Last -433 (-3.6%) !!!

If not for today, then for tomorrow
  • #3,403
  • Jan 21, 2008 6:25am Jan 21, 2008 6:25am
Quoting cesarnc
Is it closed? I thought so, but dow futures are running...

Last -433 (-3.6%) !!!

If not for today, then for tomorrow
If tomorrow is like today then Wall st. should open very volatile.
Unemployment numbers out on Thursday as well.
Good numbers (doubtful) plus Benny hinting of a rate cut could send the street in a buying mode, Bad numbers and then the mass fear and selling reign King.
Just Trade It
  • #3,404
  • Jan 21, 2008 6:31am Jan 21, 2008 6:31am
Quoting cesarnc
So's Europe

Europe's major indexes suffered massive declines Monday, as persistent fears of a U.S. recession drove investors to short selling. The German DAX slumped more than 5 percent, cutting the value of the usually outperforming index to levels of ten months ago.



Dax down 5%!!
Make it 7% now
  • #3,405
  • Jan 21, 2008 6:43am Jan 21, 2008 6:43am
Quoting cesarnc
Is it closed? I thought so, but dow futures are running...

Last -433 (-3.6%) !!!

If not for today, then for tomorrow
Futures are electronically traded even if/when Wall St is closed.
Patience + Humility + Study = Success
  • #3,406
  • Jan 21, 2008 6:46am Jan 21, 2008 6:46am
Quoting DutchTrader
Futures are electronically traded even if/when Wall St is closed.
Thanks..

Let's call it "cyber slaughtering"
  • #3,407
  • Jan 21, 2008 6:54am Jan 21, 2008 6:54am
Quoting cesarnc
Thanks..

Let's call it "cyber slaughtering"
All the traders are now at home trading their own account instead of trading the banks account. (possibly)
Just Trade It
  • #3,408
  • Jan 21, 2008 7:36am Jan 21, 2008 7:36am
Quoting Big Wave Rider
All the traders are now at home trading their own account instead of trading the banks account. (possibly)
It is almost a certainty that they are. Betting against their customers accounts. They have a one day head start.
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  • #3,409
  • Edited 8:43am Jan 21, 2008 8:22am | Edited 8:43am
Love days like these. Fear running rampant through the markets. Put in sell orders for AUD and & NZD this morning, already up by 85/ 91 pips respectively and also long on EUR/AUD for 115 pips (so far).

Also like the Headline from FT.com

Financial stocks sink across Europe

By Neil Dennis
Published: January 21 2008 09:32 | Last updated: January 21 2008 14:20

http://media.ft.com/cms/ac92687e-c82...00779fd2ac.gifEuropean equities sank on Monday, tracking sharp losses across Asia, after financial stocks seen as being exposed to the bond insurance market were stung.
By mid afternoon in London, the main indices were off their worst levels, but still sharply lower. The FTSE Eurofirst 300 was down 3.8 per cent to 1,306.64, Frankfurt’s Xetra Dax shed 5.6 per cent to 6,902.89 . The CAC 40 in Paris lost 4.5 per cent to 4,861.07, and London’s FTSE 100 sagged 3.4 per cent 5,698.8.


http://www.ft.com/cms/s/6028edc6-c80...Fhome%2Feurope

The Headline should read:

Quote
"Financial stocks stink across Europe"
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  • #3,410
  • Jan 21, 2008 9:22am Jan 21, 2008 9:22am
Carnage On Bay Street Continues Monday Morning As TSX Plunges More Than 500 Points - Canadian Commentary

1/21/2008 10:20:58 AM The carnage continued on Bay Street Monday morning as traders expressed pessimism that a White House plan could help the US avert recession. Fears that a US slowdown would spill over into other global economies have roiled markets worldwide on Monday.

The S&P/TSX Composite Index plunged 521 to 12,231.21, its lowest point since November 2006. Canadian stocks plunged almost 1000 points last week, wiping out all of 2007's gains. As of 10 am ET, gauges of all major sectors were down sharply.

The Hang Seng of Hong Kong saw its biggest one-day drop since the terror attacks of September 11, 2001, plunging 5.5 percent. Tokyo's Nikkei dropped 3.9 percent to a 2-year low. London's FTSE fell to its lowest point since June 2006.

Resource stocks are getting pummelled amid concern about diminished global demand for Canadian materials. Energy stocks are off 4 percent, while miners have plummeted nearly 6 percent.

The price of light sweet crude for February is down $1.69 at $88.88 a barrel. In other commodities news, the price of gold has tumbled $9.40 to $872.30 an ounce, with the US dollar rising to a 4-week high versus the euro.

The loonie has lost further ground to the dollar, slipping to a 4 1/2 month low of 1.0332. The Canadian currency has dropped over 5 percent versus the greenback in 2008.

In the tech sector, slumping giant Research In Motion (RIM.TO) has fallen 4.7 percent to a 4-month low, while Open Text (OTC.TO) is down 5 percent.

Significant weakness has emerged in the influential financial sector. The Financial Index is down 2.4 percent, at its lowest point in a year and a half. All of Canada's big six banks are in the red.

In corporate news, embattled printer Quebcor World (IQW.TO) will file for bankruptcy protection after failing to meet a weekend deadline to secure financing. Shares of the printer are facing delisting and have plunged 41 percent to C$0.20 this morning.

US markets have been temporarily spared more losses, with Wall Street closed on Monday to honor civil rights leader Dr. Martin Luther King.

A White House plan to jumpstart the slumping US has failed to generate any confidence. Global stocks have accelerated to the downside since President Bush outlined an economic stimulus plan calling for about $145 billion worth of tax relief to encourage consumer spending on Friday.
http://www.rttnews.com/apps/deskaler.../2008&item=392
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  • #3,411
  • Jan 21, 2008 9:26am Jan 21, 2008 9:26am
This has to be the most boring, but profitable day every.
Just Trade It
  • #3,412
  • Jan 21, 2008 9:27am Jan 21, 2008 9:27am
Quoting Ash
Love days like these. Fear running rampant through the markets. Put in sell orders for AUD and & NZD this morning, already up by 85/ 91 pips respectively and also long on EUR/AUD for 115 pips (so far).
Exactly... What people call panic, we call "direction!! finally" and profit the same way.

Problem for us (imo) are those lazy sideway days after days ...
  • #3,413
  • Jan 21, 2008 9:36am Jan 21, 2008 9:36am
Quoting Big Wave Rider
This has to be the most boring, but profitable day every.
I have to agree, boring but profitable but it's a good thing we have this thread to keep occupied with B/S and all the lovely pictures that you and Cesar post.
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  • #3,414
  • Jan 21, 2008 9:37am Jan 21, 2008 9:37am
Quoting cesarnc
Exactly... What people call panic, we call "direction!! finally" and profit the same way.

Problem for us (imo) are those lazy sideway days after days ...
My thoughts exactly.
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  • #3,415
  • Jan 21, 2008 9:38am Jan 21, 2008 9:38am
Quoting Ash
It is almost a certainty that they are. Betting against their customers accounts. They have a one day head start.
Ash, who is betting against their customers ? , why you said they have one day ahead......... ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #3,416
  • Jan 21, 2008 9:40am Jan 21, 2008 9:40am
If the US equities markets would just remain shut forever Forex would be a better place. Seriously. With that being said short AJ, NJ, AU, NU, CJ, EJ and GJ and loving every minute of it. I thought I had some meetings today but school's closed so more pips for me. Could be a barnburner of a day pips wise.
Patience + Humility + Study = Success
  • #3,417
  • Jan 21, 2008 9:42am Jan 21, 2008 9:42am
Quoting notme32
Ash, who is betting against their customers ? , why you said they have one day ahead......... ?
Traders for brokerages and banks. Aren't they closed today? The traders themselves most likely have their own personal from which they trade. Since the banks and brokerages are closed, these individuals are ahead by one day trading from their personal accounts. It was meant to be humorous. Sorry for the confusion.
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  • #3,418
  • Jan 21, 2008 9:48am Jan 21, 2008 9:48am
Quoting Ash
Traders for brokerages and banks. Aren't they closed today? The traders themselves most likely have their own personal from which they trade. Since the banks and brokerages are closed, these individuals are ahead by one day trading from their personal accounts. It was meant to be humorous. Sorry for the confusion.
I'm sure there are ways around that, but I know that that is prohibited.
Patience + Humility + Study = Success
  • #3,419
  • Jan 21, 2008 10:00am Jan 21, 2008 10:00am
Quoting Ash
I have to agree, boring but profitable but it's a good thing we have this thread to keep occupied with B/S and all the lovely pictures that you and Cesar post.
I found those poker tables to make a buck, too. Man, I'm shorting several people's stacks there...

Gets boring when cards are not coming, but when they come, it's a blast.

Today I really pissed a guy off there. One of those lucky "suckouts", as we say. He called me names for 30 min after that.
  • #3,420
  • Jan 21, 2008 10:03am Jan 21, 2008 10:03am
Quoting cesarnc
I found those poker tables to make a buck, too. Man, I'm shorting several people's stacks there...

Gets boring when cards are not coming, but when they come, it's a blast.

Today I really pissed a guy off there. One of those lucky "suckouts", as we say. He called me names for 30 min after that.
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