Cesarnc's market talk, gossips, rumours & fun

Where have you been today? Does it get warm enough where you live that the ladies are walking around in bikini tops? If not, I'm pretty sure that you miss Sunny California.

I've been sitting out since yesterday, letting this correction happen and deciding where we go from here. looks like up we go again.

LONG EU LONG

About the same as watching MA's.

God Bless the Swiss.

And old document I use with my wife from time to time to get out of the house....

Enjoy


HOLLA

Shiiiiiiiiiiit, I guess you've been caught with pants down (with another woman)........

NEVER...got it some years ago and thought it was funny...

HOLLA

Don't let your guard down. Woman have this sixth sense.

Fed Chairman: Some Small US Banks May Go Under


BERNANKE CONGRESS ECONOMY INFLATION FEDERAL RESERVE FED
By CNBC.com With Reuters and AP

CNBC.com
| 28 Feb 2008 | 11:26 AM ET


Federal Reserve Chairman Ben Bernanke said that some small U.S. banks might go under during the current stress prompted by housing market problems, but the U.S. bank system overall remained solid.

"I expect there will be some failures,'' Bernanke told the Senate Banking Committee, referring to smaller regional banks who became heavily invested in real estate.

His comments caused a selloff in the stock market and arally in the bond market.

"Among the largest banks, the capital ratios remain good and I don't anticipate any serious problems of that sort among the large, internationally active banks that make up a very substantial part of our banking system,'' he said in response to a question during semi-annual congressional testimony.
Big U.S. banks have already raised billions of dollars of fresh capital to make good on losses on subprime mortgages, often by tapping foreign investors. Bernanke said that he hoped this trend would continue in order to bolster lending.

"They have already sought something of the order of $75 billion of capital in the last quarter. I would like to see them get more," Bernanke said.

"They have enough now certainly to remain solvent and remain ... well above their minimum capital levels. But I am concerned that banks will be pulling back and not making new loans and providing the credit which is the lifeblood of the economy. In order to be able to do that ... in some cases at least, they need to get more capital," Bernanke added.

Bernanke also said the nation is "not anywhere near" the dangerous stagflation situation that prevailed in the 1970s.


With the economy slowing and inflation rising, fears have grown that the country could be headed for the dreaded twin evils of stagnant growth and rising prices known as "stagflation."

"I don't anticipate stagflation," Bernanke told the Senate Banking Committee.
Still, high energy prices and rising inflation does complicate the Fed's job of trying to keep the economy growing and inflation contained, Bernanke acknowledged.

High energy prices are creating "inflationary stress," Bernanke said. And, that is "complicating" the Fed's work in terms of shoring up the economy, the Fed chief said.

President Bush, at a news conference Thursday, noted the slow economic growth but said the nation isn't headed into a recession.

He rejected calls for additional stimulus efforts, instead advising patience. "Why don't we let stimulus package one, which seemed like a good idea at the time, have a chance to kick in?" Bush said at the White House.

Bernanke's testimony in the Senate caps back-to-back appearances on Capitol Hill that started in the House on Wednesday. The Fed chief's overarching economic message was the same on both days: The Fed stands ready to lower a key interest rate yet again to bolster the struggling economy.


Many fear the country is hurtling toward a recession or is in one already.
The central bank started lowering a key interest rate in September. Over just eight days in January, the Fed shaved 1.25 percentage points, the biggest one-month reduction in a quarter century. Economists and Wall Street investors predict the Fed will cut rates again at its next meeting, March 18.
Just before Bernanke testified, the government reported that the economy nearly stalled in the final quarter of last year. It grew at a pace of just 0.6 percent, a big loss of momentum compared with the prior quarter's brisk 4.9 percent growth rate.

Bernanke indicated he is prepared to lower rates even as high oil prices heighten inflation risks.

2008 CNBC.com
URL: http://www.cnbc.com/id/23390252/


Sell the MF YEN CROSSES ON THE RALLIES!

Downloaded it, printed it, filling it out now
Does units of alcohol count if it was paid for by someone else?
Or consumed as a group ritual "bottoms up"
I'm sure we can find some legal loophole here.

Always looking for loopholes.

I knew you would get a kick out of it...

I always leave that one blank and see if I can get it signed, this way if the question comes up I say look honey it wasn't filled in...

HOLLA

Trust me....I know.....

HOLLA

why not buy yen and chf crooses ...its already priced in, and if we still in this 300+ range, then we should go up, test the upper trendline,...or what...i know what im gona do...im gona close my station,..u can have those 50 pips...

i've been denied already

Sorry, let me clarify. Sell GJ, UJ, EJ, CH/EJ, CJ, AJ, NJ on the rallies. YEN is gaining strength on risk aversion due to Bernanke saying that some small banks may go under.

Euro crossed and playing with 1.52

We have retail sales coming out tommorrow. If better than expected, then what?

1.9 NOOOOO It is not the GU. :

LOL - I guess its used when the "I'm having to work late / meeting a new client" etc etc has been dissallowed - best not to ask why - and you're slowly creeping back into favour! I've got that T shirt too!

"The price is moving"- says some market annalist from some financial company