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Walk the Talk from a fun loving discretionary trader 46 replies

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Cesarnc's market talk, gossips, rumours & fun

  • #6,561
  • Mar 18, 2008 9:22am Mar 18, 2008 9:22am
Quoting allserene

and Bear ? I know what it's like to get fired at 9.10am and be home at 9.15am with no company car anymore and watching your share options expire as they aren't vested yet...buying a 200 dollar car and sat in the house wearing 2 coats and the heating off (for a year) - those days are gone but I feel for the Bear Sterns folks - they have it all to come and so do a lot of others.

I climbed out of that hole in the 90's and I am rampant now - but there were some awful human disasters and suicides too... It's so sad to watch it unfold again
Now THAT's the voice of someone who's been there and done that! And just to add my 2 pips whilst passing through, has anyone justified why the record numbers of ameriCANS suffering foreclosure CAN't get bailed out or is it because they don't own investment banks?

Hey Cesarnc, good to see you're still holding court!
  • #6,562
  • Mar 18, 2008 9:27am Mar 18, 2008 9:27am
let us see where the dollar is and heading!!
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Trading is 80% Emotional, 20% Technical
  • #6,563
  • Mar 18, 2008 9:29am Mar 18, 2008 9:29am
Although it did trade as low as $2.75 in yesterdays premarket, Bear Stearns never traded below $3.50 in main session and today presently @ $6.25 so some must believe deal will close above the $2/share reported price.
  • #6,564
  • Mar 18, 2008 9:35am Mar 18, 2008 9:35am
Quoting MoneyMa$ter
Now THAT's the voice of someone who's been there and done that! And just to add my 2 pips whilst passing through, has anyone justified why the record numbers of ameriCANS suffering foreclosure CAN't get bailed out or is it because they don't own investment banks?

Hey Cesarnc, good to see you're still holding court!
OH MY GOD, look who's back.

This is one MF from whom I learned a lot. How you doin?
  • #6,565
  • Mar 18, 2008 9:37am Mar 18, 2008 9:37am
Quoting SunTrader
Green tie is for St Paddy Day and guy in the circle is Christopher Cox :, Head of SEC. He is not allowed to smile, can't afford the $5500/hour rate.
WOW... then NOW this picture really makes sense, as the SEC issued NOT A SINGLE WORD since the beginning of the crisis...
  • #6,566
  • Mar 18, 2008 9:41am Mar 18, 2008 9:41am
Anybody else getting the strange feeling that the US Fed will not be the only one cutting rates today? They have been hammering home the fact that they have been working with oher global central bankers to fix the global recession. Why did the Bank of England hold rates steady at their last meeting? That move made absolutely no sense since they had already started a series of rate cuts. Maybe it was because they knew a bigger coordinated cut would be coming. I have this strange feeling we could see a coordinated massive cut between the Federal Reserve, the Bank of England, and the ECB today. And I have no idea what that would do to the FX market.
  • #6,567
  • Mar 18, 2008 9:44am Mar 18, 2008 9:44am
Quoting Flyjetz
Anybody else getting the strange feeling that the US Fed will not be the only one cutting rates today? They have been hammering home the fact that they have been working with oher global central bankers to fix the global recession. Why did the Bank of England hold rates steady at their last meeting? That move made absolutely no sense since they had already started a series of rate cuts. Maybe it was because they knew a bigger coordinated cut would be coming. I have this strange feeling we could see a coordinated massive cut between the Federal Reserve, the Bank of England, and the ECB today. And I have no idea what that would do to the FX market.
Fuggaboutit (forget about it). Can't say much for the BOE but the ECB ain't cutting.
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  • #6,568
  • Mar 18, 2008 9:45am Mar 18, 2008 9:45am
Quoting Flyjetz
Anybody else getting the strange feeling that the US Fed will not be the only one cutting rates today? They have been hammering home the fact that they have been working with oher global central bankers to fix the global recession. Why did the Bank of England hold rates steady at their last meeting? That move made absolutely no sense since they had already started a series of rate cuts. Maybe it was because they knew a bigger coordinated cut would be coming. I have this strange feeling we could see a coordinated massive cut between the Federal Reserve, the Bank of England, and the ECB today. And I have no idea what that would do to the FX market.
Nice to bring that up. If this happens I think the net effect is carry trades up, via crazy majors and UJ.
  • #6,569
  • Mar 18, 2008 9:46am Mar 18, 2008 9:46am
Quoting Flyjetz
. And I have no idea what that would do to the FX market.

It would phuk it all up. Massive spikes and retacements and spike again. The daily candle would be a 1,000 pip doji.
Just Trade It
  • #6,570
  • Mar 18, 2008 9:47am Mar 18, 2008 9:47am
Quoting cesarnc
OH MY GOD, look who's back.

This is one MF from whom I learned a lot. How you doin?
MF.... is that Money Fund?

Doing real well mi hermano. Given the "Sunday Sneak" by the Fed, thought I'd drop by the Factory and see what the real traders were saying!!

Funny story: I was entering a substantial trade with the French bank Societe Generale, but the bank kept delaying....then the news broke regarding the rogue trader and the 7B in losses. So I've been keeping busy.

Trade well and prosper.
  • #6,571
  • Mar 18, 2008 9:57am Mar 18, 2008 9:57am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
It would phuk it all up. Massive spikes and retacements and spike again. The daily candle would be a 1,000 pip doji.
dust settles and it's right were they started, i think the BoE and ECB will stear clear of the duel rate issue as they need to keep there shops in order and follwing the Fed's ain't going to help.
  • #6,572
  • Mar 18, 2008 10:05am Mar 18, 2008 10:05am
I think this is a non issue. Price action will be the same after the Fed cut. It's already being priced in imvho.
Patience + Humility + Study = Success
  • #6,573
  • Mar 18, 2008 10:09am Mar 18, 2008 10:09am
Anything is possible but doubt it will happen today. But it really is only a matter of time before ECB and BOE follow. OPEC and others might be moving slowly away from the dollar, but it still is a matter of the US sneezing and the world gets a cold. Only this time we will be coughing, hacking and wheezing too.
  • #6,574
  • Mar 18, 2008 10:09am Mar 18, 2008 10:09am
Is the interest statement release at 1:15 EDT or 2:15 EDT?
  • #6,575
  • Mar 18, 2008 10:12am Mar 18, 2008 10:12am
Quoting Flyjetz
Is the interest statement release at 1:15 EDT or 2:15 EDT?
Don't know how DSTs are right now..

It will be 3 hours from now.
  • #6,576
  • Mar 18, 2008 10:14am Mar 18, 2008 10:14am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Flyjetz
Is the interest statement release at 1:15 EDT or 2:15 EDT?
adjust the clock at the top of the page to your timezone, then look at the calendar and all times will be in your timezone. so no more guessing.
  • #6,577
  • Mar 18, 2008 10:22am Mar 18, 2008 10:22am
Quoting cesarnc
Don't know how DSTs are right now..

It will be 3 hours from now.

2:15 EDT thanks. The calendar on this page confused me because it said 1:15...which I assumed was EDT, but it is actually my time zone CDT.

Do any of you guys ride your positions through this announcement, or are you on the sidelines?
  • #6,578
  • Mar 18, 2008 10:24am Mar 18, 2008 10:24am
Exclusive insider's picture for rate statement today. Bernanke hired an expert this time...

Just to let you know...

http://www.reverseshot.com/files/ima...28.preview.jpg
  • #6,579
  • Mar 18, 2008 10:26am Mar 18, 2008 10:26am
a.) hold rates
b.) raise rate by xy
c.) cut for 0.25%
d.) cut for 0.5%
e.) cut for 0.75%
f.) cut for 1%
g.) cut for more then 1 %
h.) name urs

pls vote
its just money
  • #6,580
  • Mar 18, 2008 10:27am Mar 18, 2008 10:27am
Cut .50 bp and the market falls on their own sword.
Patience + Humility + Study = Success
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