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Attachments: Cesarnc's market talk, gossips, rumours & fun
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Cesarnc's market talk, gossips, rumours & fun

  • #3,441
  • Jan 22, 2008 2:28am Jan 22, 2008 2:28am
What was that??
  • #3,442
  • Jan 22, 2008 2:30am Jan 22, 2008 2:30am
Quoting dd33
What was that??
LOL... carries went crazy...

I got -100 and +100 and calling it a day
  • #3,443
  • Jan 22, 2008 2:41am Jan 22, 2008 2:41am
Quoting cesarnc
LOL... carries went crazy...

I got -100 and +100 and calling it a day
Good for you. I went from +100 to -100.
And im not calling it a day.. yet..
  • #3,444
  • Jan 22, 2008 2:44am Jan 22, 2008 2:44am
Quoting dd33
Good for you. I went from +100 to -100.
And im not calling it a day.. yet..
One of the strategies went in after the Boj statement. So it went long and was stopped out.

The other went in long when this crap started. I went crazy because it's against the monster downtrend in the stock market, but got lucky somewhat.

BE today keeps y'day profit, so I'm out of this mess, or I'll give y'day's back, I know it.
  • #3,445
  • Jan 22, 2008 2:50am Jan 22, 2008 2:50am
Cable up 180 pips in an hour

Euro Stocks tanking.



What a mess
  • #3,446
  • Jan 22, 2008 3:02am Jan 22, 2008 3:02am
Quoting cesarnc
One of the strategies went in after the Boj statement. So it went long and was stopped out.

The other went in long when this crap started. I went crazy because it's against the monster downtrend in the stock market, but got lucky somewhat.

BE today keeps y'day profit, so I'm out of this mess, or I'll give y'day's back, I know it.
I guess u are rite. After a big move yesterday its normal if some retracement kick in. But fundamentally, things still looks ugly. So this "movement" might provide another "good price" for shorting again imvho.
  • #3,447
  • Jan 22, 2008 3:10am Jan 22, 2008 3:10am
Maybe this was the cause

Jan. 22 (Bloomberg) -- European finance ministers said a global stock-market slump and an economic slowdown in the U.S. threaten to slow growth in Europe more than forecast.

``The economic situation and financial markets are highly volatile and uncertain, a good deal more uncertain than usual,'' Luxembourg Finance Minister Jean-Claude Juncker said yesterday in Brussels after presiding over a meeting of counterparts from the euro region. ``If there is a real slowdown in the U.S., obviously that would be felt in the euro zone.''

(...)

Still, ``it would be a mistake to fall victim to excessive pessimism,'' Juncker told a press conference after the meeting. ``We shouldn't overreact to events on the stock exchange,'' he said.
  • #3,448
  • Edited 3:18am Jan 22, 2008 3:17am | Edited 3:18am
and this:

Today 03:36am
EUR/USD Rumors circulating of potential coordinated central bank interest rate cuts helping equity markets bounce from session lows
- Note rumors of the early European equity sell-off fueled by market chatter that Abu Dhabi Abu Dhabi Investment Authority would withdraw its cash infusion inti Citigroup, thus perhaps having Citigroup file for bankruptcy protection

Source: Trade the News
No Brain, no Gain.
  • #3,449
  • Jan 22, 2008 3:18am Jan 22, 2008 3:18am
Quoting cesarnc
Maybe this was the cause

Jan. 22 (Bloomberg) -- European finance ministers said a global stock-market slump and an economic slowdown in the U.S. threaten to slow growth in Europe more than forecast.

``The economic situation and financial markets are highly volatile and uncertain, a good deal more uncertain than usual,'' Luxembourg Finance Minister Jean-Claude Juncker said yesterday in Brussels after presiding over a meeting of counterparts from the euro region. ``If there is a real slowdown in the U.S., obviously that would be felt in the euro zone.''

(...)

Still, ``it would be a mistake to fall victim to excessive pessimism,'' Juncker told a press conference after the meeting. ``We shouldn't overreact to events on the stock exchange,'' he said.



Yes we should, SELL EVERYTHING NOW!!!!!!
Just Trade It
  • #3,450
  • Jan 22, 2008 3:19am Jan 22, 2008 3:19am
Quoting BGazzoni
thus perhaps having Citigroup file for bankruptcy protection

Source: Trade the News
WTF?????????
  • #3,451
  • Jan 22, 2008 3:24am Jan 22, 2008 3:24am
Attached Image
Just Trade It
  • #3,452
  • Jan 22, 2008 3:25am Jan 22, 2008 3:25am
And just imagine...we all thought this would be an interesting week.....

HOLLA
  • #3,453
  • Jan 22, 2008 3:28am Jan 22, 2008 3:28am
Well..it's already an interesting week right? my oh my..still - on my bp/jy ..now going crazy again as i type....

Quoting Turtle
And just imagine...we all thought this would be an interesting week.....

HOLLA
  • #3,454
  • Jan 22, 2008 3:29am Jan 22, 2008 3:29am
Quoting DutchTrader
What a great start to the week
Humble Lifetime Member
  • #3,455
  • Jan 22, 2008 3:31am Jan 22, 2008 3:31am
Just a little BS from finance ministers and the stocks are "only" -0.4%.

But it is the US that hold the truth

Dow futures "soared" from -650 to -540
  • #3,456
  • Jan 22, 2008 3:32am Jan 22, 2008 3:32am
Quoting BGazzoni
and this:

Today 03:36am
EUR/USD Rumors circulating of potential coordinated central bank interest rate cuts helping equity markets bounce from session lows
- Note rumors of the early European equity sell-off fueled by market chatter that Abu Dhabi Abu Dhabi Investment Authority would withdraw its cash infusion inti Citigroup, thus perhaps having Citigroup file for bankruptcy protection

Source: Trade the News

Humble Lifetime Member
  • #3,457
  • Jan 22, 2008 3:33am Jan 22, 2008 3:33am
Quoting Ash

I smell Fear. LOTS and LOTS of FEAR!!!!
Just Trade It
  • #3,458
  • Jan 22, 2008 3:34am Jan 22, 2008 3:34am
Ok.. I think I can understand a bit about US slowdown are starting to affect Eurozone and for that reason GU and EU are bearish. And with loan money start to flow back to Japan, that also explain UJ's movement.

But if Citigroup going to file for bankruptcy (which is bad for US economic) thus soaring GU and EU, UJ is showing the opposited reaction. Instead of strenthening more against Dolar. It got weakened. So imvho this is not the case.

Or may be im just thinking too much now. Reading too much Greenspan. May be later I might start talking Fedspeak also. lol.
  • #3,459
  • Jan 22, 2008 3:34am Jan 22, 2008 3:34am
GM everybody,

WOW!!! what a wild ride!! My reaction when I looked at the G/J chart was: OMG !! :surprised WTF just happened ??!!!!!

It seems this was the catalyst:

MARKETS-EUROPE-SHARES/SWINGS (URGENT)
European shares recover briefly on rate cut talk
LONDON, Jan 22 (Reuters) - European shares swung wildly in
morning trade on Tuesday and traded 0.8 percent lower after
turning briefly positive on market talk of central bank interest
rate cuts.
At 0914 GMT, the FTSEurofirst 300 index of top European
shares was down 0.8 percent at 1,269.66 points, having fallen as
much as 4.4 percent earlier in the session and then risen almost
0.5 percent as the rate talk swirled.
"Theres's rumours about concerted rate cuts... they're
talking about the Fed, the ECB, the Bank of England and the SNB
all cutting rates," a trader said.
Traders in Paris cited market talk of a rate cut of between
75 to 100 basis points from the U.S. Federal Reserve.

Let's see what will happen next !!
  • #3,460
  • Edited 3:45am Jan 22, 2008 3:42am | Edited 3:45am
Quoting Big Wave Rider
I smell Fear. LOTS and LOTS of FEAR!!!!
You have to love fear. I wonder if the middle eastern & other sovereign fund investor's are crapping in their pants right now.
Humble Lifetime Member
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