Cesarnc's market talk, gossips, rumours & fun

Now that's gonna leave a mark.........

HOLLA

DAMM.......

Tueday - Thursday of next week is "PACKED" full of news.....

You know where I'll be........

HOLLA

Yeah... seems like the market is going to drift on the Merril affair. Everytime big banks post big screwups, part of the players reacts as bottom put.

The Green's on Viagra today

Time to pull the short trigger as S&P dances around 1258... I hope

5.4 earthquake just shook up L.A.

S&P Cash Index 130min bar has a higher high and higher low so I think, for the moment at least, downtrend is over.

For the week, Dow is -239 y'day / + 244 today.

quickie math here is giving me = 100% B.S.

So let the party continue........

Another BWR's 'Run like you stole it from the Mob day".....

HOLLA

Where are all the white women at?

And everyone else too!!

NY looks set to open higher.

Which one is the news relase from a Banana Republic (and I don't mean the Clothing Store, either ).

Zimbabwe issuing new bank notes to revalue currency


HARARE (AFP) — Zimbabwe will issue new bank notes from August 1 that will knock 10 zeros off the dollar and revalue a 10 billion dollar note to equal one zimdollar, the Central Bank governor said on Wednesday.

"Ten billion dollars today, will as from August 1 be revalued to one zimdollar dollar," Gideon Gono said at a function where he announced a raft of economic measure.

The country's 84-year-old President Robert Mugabe was present at the event.

"With effect from August 1, the Reserve Bank is issuing new currency notes, not bearer cheques which some have been counterfeiting," Gono said in an announcement aimed at addressing acute cash shortages rocking the inflation-battered nation.

The government will also encourage the use of coins which lost value due to hyperinflation, now running at a record 2.2 million percent.

A loaf of bread Wednesday sold for 200 billion zimdollars in Harare.

"We are going to require that prices be denominated in the old and the new currencies," Gono added.

A new 100-billion-dollar bank note came into circulation in Zimbabwe last July 21 in a bid to tackle rampant cash shortages, joining about half a dozen new high denomination notes already issued this year.

In January, a 10-million-dollar note was issued, then a 50-million-dollar note in April. In May, notes for 100 million and 250 million dollars were issued, swiftly followed by those for five billion, 25 billion and 50 billion.

Zimbabwe's inflation rate, already the world's highest, hit an astronomical 2.2 million percent after Mugabe's June 27 re-election, the bank announced earlier this month.

The figure is the first from the authorities in Zimbabwe since the announcement of the rate for February, when it was put at 165,000 percent.

But economic analysts believe that the current inflation figure could be well above 10 million percent mark.

Mugabe had said this month that increasing levels of production was key to efforts to tame inflation.

Once one of Africa's best performing economies, Zimbabwe has been in meltdown since the turn of the decade when Mugabe embarked on a controversial land reform programme which saw thousands of white-owned farms seized by the state.

Mugabe often blames Zimbabwe's economic woes on a package of targeted sanctions imposed by the West.

Inflation first passed the 1,000 percent threshold in May 2006 and has been rising almost continuously ever since.

The government has tried a series of measures to curb inflation, including ordering shops and businesses to slash the price of goods last year.
Mugabe warned Wednesday that he could impose tough emergency measures against businesses he accused of profiteering and fuelling inflation.
"Business people ...don't drive us further than you have done in the past," Mugabe said at the Central Bank function.

"If you drive us more we will impose emergency measures and we don't want to place our country in a situation of emergency rules, they can be tough rules," he warned.

+ + +



http://l.yimg.com/us.yimg.com/i/us/n...rs_logo_94.png

Fed announces new liquidity-boosting measures

The Federal Reserve on Wednesday said it was extending a credit facility that it provides for primary dealers in one of several steps to boost liquidity in stressed financial markets.


The U.S. central bank said its Primary Dealer Credit Facility (PDCF) and its Term Securities Lending Facility (TSLF) will be extended through January 30.

It also said that it will introduce 84-day Term Auction Facility (TAF) loans, which it said will complement its existing 28-day TAF loans. The Fed introduced the loans program to try to ease a credit crunch that policy-makers feel has shown only limited signs of easing.

http://img.terra.com.br/i/2008/07/22/816504-2465-in.jpg



Markets are too nuts, for me. Now ADP came out positive, which will surely spike the sentiment that NFP will reverse course.

To me, ADP positive will confirme it's one lousy piece of indicator in what concerns to predict NFP....

Beijing Olympics: It's official, I'm off.

C´mon, watching games at 3 am here was already bothering me.

Now they presented the local cheerleaders

http://img.terra.com.br/i/2008/07/30/821654-4088-ga.jpg

http://img.terra.com.br/i/2008/07/30/821659-6610-ga.jpg

I'm down to 2012 Olympics already

Glad I stayed out today.......see that pin bar on the 4HR pound!!!!

Could we have a repeat with NFP tomorrow????

We shall soon see....

By the way where is everyone???

HOLLA

No Cesar = no crowd.

Also means no bikini's.

Hey EU up +100 pips and back down -100 pips in a matter of hours.

LOL... Kinda busy here with my biz. I got screwed by a salesman and need to find another one fast.

Long story short, his wife bugged him so badly about how a fucked up of a husband he is for their present cash shortage, that he dropped his work in fashion and got a $1.200 / month lousy job.

Right in front of the spring-summer season, that accounts for 80% of the year's clothing sales. With 4 breands he had, he could make $ 5.000 a month in the minimum...

Makes me thankful for the awesome supportive wife I have. Women can drag you down the drain or push you through the roof. We're just puppies. hungry for some crumbs and getting laid once a month.

*********
Anyways... Just saw Euro WTF?!?!?! And NFP tomorrow, damn crazy week going on...

Yeah, I used to post the girls on the beach during heat waves here. For some time now, we rarely see a 25ºC day. Beaches are empty

But I know it's one hell of a marketing strategy for the thread, so here's what's waiting for us in a couple of months.

http://www.paipo.com.uy/bmachine/fil...r_0_gata_3.jpg

http://www.paipo.com.uy/bmachine/fil...r_0_gata_5.jpg

I loved that one:
http://www.paipo.com.uy/bmachine/fil...r_0_gata_8.jpg

The old dude is back in town

Former Federal Reserve Chairman Alan Greenspan said the US is “nowhere near the bottom” of the housing slump and is “right on the brink” of a recession.

http://media.cnbc.com/j/CNBC/Section...lan2.small.jpg
"I'd like to say something, please"

Dow -200

That's greedy -

no problema here in Washington - we have long horn sheep roaming free - and they are frisky

OMG!!!! I would never get anything done in the summer if all of that was nearby. Mainly because I would be in jail. LOL!!! These two are my favorites....... Can you ship them to the U.S.???