Cesarnc's market talk, gossips, rumours & fun

a perfect buying opportunity ?

No more rate cuts, heh ?
Where's my money, Ben?

http://shockingbird.com/glomer2/memb...s_my_money.jpg

No more???

Trichet to raise next month

That was a hell of a F1 race today, specially with Hamilton screwing up miserably and taking Kimi out with him.. PRICELESS LOLLL..

Here we go to another likely "interesting week", which I have no idea what to do.

Thinking about buying break of Friday's high (1.5820?!?) on Euro and leave the down side alone 'til Tuesday.

Selling break of Friday's low on UJ? I don't know... Dow is likely to rebound from the Friday's carnage... Dunno dunno...

Anybody?

Waiting to see how the Asian session plays out.

For longs...would like a retest of the 5650/5700 area, otherwise need to see a break of 5850.

For shorts, if 5650 doesn't hold then a retest of 5500.

Just my two pips...

HOLLA

Time to look at oil... News came out that one major oil player, who bought $300K worth of oil (companies, gas futures, you name it) in the mid-90s (if I recall right), just sold everything for $129.

He KNEW something then. Does he KNOW something now?

Fasten your seatbelt, it could be a wild ride again this week as investors bandage their wounds from Friday's market mayhem and brace for a key inflation report.
-CNBC

http://static.howstuffworks.com/gif/...coaster-24.jpg

300k? That's not a lot or do you mean 300million?

Look out below...

By Kevin Plumberg
HONG KONG, June 9 (Reuters) - Asian stocks fell sharply on Monday, knocked by record high oil prices, the weak U.S. dollar and signs the world's largest economy is creeping perilously closer to stagflation.
The U.S. unemployment rate posted its steepest one-month rise in 22 years, squashing hopes consumer demand would pick up, amid a backdrop of rising inflation around the world. [ID:nN06467327]
Oil prices shot to a record $139 a barrel on Friday, after the May U.S. unemployment report, which also showed the fifth consecutive month of job losses, sparked fears of 1970s-like stagflation and led to a rout in global equities. [O/R]
By 0015 GMT, Japan's Nikkei .N225 was 2.4 percent lower, on track for its largest single-day decline in nearly two months.
Investors who recently bought shares of companies in the technology sector, looking for a bounce in demand for electronics, rushed to unload at the start of the session.
Shares in camera manufacturer Canon Inc (7751.T: Quote, Profile, Research) dropped 4 percent and were among the biggest drags on the index.
In Korea, shares of consumer technology giant Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research) fell 3 percent and set the KOSPI up for the largest decline since March 13, down 2.2 percent.
"Japan doesn't have quite the same concerns about inflation as the rest of the world, but it can't fight alone against the flow if other markets are falling, as is likely to happen today," said Hiroichi Nishi, general manager at the equity division of Nikko Cordial Securities.
Financial markets in Australia, Hong Kong and the Philippines were closed for public holidays.
Oil jumped $10.75 on Friday, marking its biggest one-day gain in dollar terms ever, on dollar weakness and tensions in the Middle East. U.S. crude's CLc1 was steady at $137.66.
Oil edged 0.6 lower to $137.7 on Monday.
The dollar edged up against the euro and yen after the broad selloff on Friday.
The euro was down 0.1 percent at $1.5772 <EUR=>, while the dollar rose 0.2 percent to 105.13 yen <JPY=>.

hamilton just wanted to show the apple does not fall far from the tree. red light, what stinkin red light???? i don't stop for those!!

as for the unemployment rate, when they read into it a little more, 800,000 college kids joined the job search a week early and they did not do the seasonable adjust for that. the rate will drop next month by .3%

i bet merrill is hoping oil will get to $150 by 4th of july so they can sell their longs and with the profits offset all of their bad mortgages for the year. you watch.

Who cares? Do you know how much money I'm making selling booze for Euro Cup?

I have a freaking headache from the cash register going CHA CHING CHA CHING CHA CHING CHA CHING CHA CHING CHA CHING. NON STOP.

Or its from drinking for three days straight
We have three more weeks until the madness is over, I'm not sure my liver can handle three more weeks of this, but my wallet sure can

Do you think you can make it through the groups ?

300 million

Crap, It's almost time to go back to the bar. I might as well live there for the remainder of Euro Cup. I have to make sure my staff doesn't get too drunk without me.

LOL...

Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs said on Monday, as tighter supplies outweigh weakening demand.

I think they are all getting nervous now and want to get rid of their oil positions after one final rally.

Everyone is waiting for Ben and Jean-Claude to say their lines. EUR-Zone has 3,6 % inflation - that is almost double as the 2 % they had as a target. ECB will react, Trichet can't back out. Until end of Juli we will see 1.70.

http://thehamptons.files.wordpress.c...eurodollar.jpg

Hey guys this is a must watch!

Excellent