- #18,962
- Aug 9, 2008 9:35pm Aug 9, 2008 9:35pm
- Joined Oct 2007 | Status: follow momentum. | 1,202 Posts
- #18,963
- Aug 9, 2008 10:03pm Aug 9, 2008 10:03pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Good trading to all and goodbye.
P.S. I'm just leaving this thread, not FF. I'm still trading and I do have a day job I love to go to. I can monitor and trade at work if needed.
I look forward to reading more from you elsewhere on FF.
Not all sins are created equal
- #18,965
- Aug 9, 2008 11:11pm Aug 9, 2008 11:11pm
- Joined Oct 2007 | Status: follow momentum. | 1,202 Posts
- #18,968
- Aug 10, 2008 1:00am Aug 10, 2008 1:00am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
Quote:
For those of you who still don’t get it, this is the last hurrah of a turd circling before it gets completely flushed.
Yes the US economy will get better in 2009 but I have yet to see any proof that a fat lady has been singing. Crying maybe but not singing. E$ may drop some more buy will be at 1.65-1.7 before all the crying is done.
Reply
Leaving this post alone is tough.
So - if you truly believe the EURO is going to 1.6 or 1.7 - this level would present an excellent buying opportunity. Maybe we can revisit this post in December and see how those longs are doing?
In case you missed last weeks price movement - the only thing I saw being flushed was the EURO. Someone else pointed out that it was the largest one week drop since the pairs inception. I hear flushing alright- but it's not the dollar that's stinky.
For those of you who still don’t get it, this is the last hurrah of a turd circling before it gets completely flushed.
Yes the US economy will get better in 2009 but I have yet to see any proof that a fat lady has been singing. Crying maybe but not singing. E$ may drop some more buy will be at 1.65-1.7 before all the crying is done.
Reply
Leaving this post alone is tough.
So - if you truly believe the EURO is going to 1.6 or 1.7 - this level would present an excellent buying opportunity. Maybe we can revisit this post in December and see how those longs are doing?
In case you missed last weeks price movement - the only thing I saw being flushed was the EURO. Someone else pointed out that it was the largest one week drop since the pairs inception. I hear flushing alright- but it's not the dollar that's stinky.
- #18,969
- Edited 1:11am Aug 10, 2008 1:09am | Edited 1:11am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
{Promotion Removed}
Let’s review, Unit labor costs are down because of people being laid off, using all their credit to continue meager existence (BTW this will be the next big credit crisis, unsecured credit defaults) before they file for bankruptcy and a lower labor unit cost due to less people working but required to make and ship same quantity of parts for people without jobs to buy.
AND THE DOLLAR GOES UP?!?!?
For those of you who still don’t get it, this is the last hurrah of a turd circling before it gets completely flushed.
Yes the US economy will get better in 2009 but I have yet to see any proof that a fat lady has been singing. Crying maybe but not singing. E$ may drop some more buy will be at 1.65-1.7 before all the crying is done.
Yes it's a novel, but it is the last.
Good trading to all and goodbye.
P.S. I'm just leaving this thread, not FF. I'm still trading and I do have a day job I love to go to. I can monitor and trade at work if needed.
I don't think you will see E$ at 1.6 again any time soon, and your analysis flawed, not to say anything else about the emphasis you put in your post;
For one thing, the unemployment rate, which is one of the most misleading indicators, (just like the NFP with its after-month revisions) refers only to full time job seekers, and while the number of these persons has reportedly increased, the number of part time workers has also increased constantly (308,000 only in July) over the last year at about the same pace - so in the end we break even; This is a complex shift that is taking place in the American economy, people moving from the traditional F/T to P/T or other form of activity; What is the next implication of this fact - a lot of employer benefits/company costs associated with full-time status are cut, hence the labor cost down -, while actually the employee can make the same amount of money or even more hours, and make the same money; third, the consumer credit increase -- I wouldn't be so worried about that, that is a sector too wide and complex to go down overnight. Credit cards are not equity-based and bank accounts are backed by US treasury, so I doubt that you will ever see a situation similar to the mortgage crisis, no matter how hypothetically the economic situation could get;
And finally, just like any other gloom and doom whiner, you're not seeing the big picture here; the USD is and will remain the safest currency in the world, it has been working for a hundred years - and it has worked so well because the US bonds have the guaranty offered by the strongest entity on earth, way more powerful than any bank or other type of reserve;
The euro is an artificial currency, an air balloon devised by a group of enthusiastic teenagers, and while it's easy and fun to navigate it on a sunny day, at first signs of stormy weather, you'll have to dock it down and take an airplane instead if you want to fly safe;
IMHO the Euro adventure is just beginning to fade, as world will realize how fragile is the EU with its myriad of governments, bureaucratic institutions and arrogant politicians.
Fly safe!
"Everybody needs money. That's why they call it money" - Danny De Vito
- #18,974
- Aug 10, 2008 2:19am Aug 10, 2008 2:19am
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Not all sins are created equal
- #18,977
- Aug 10, 2008 2:34am Aug 10, 2008 2:34am
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Not all sins are created equal
- #18,978
- Aug 10, 2008 4:17am Aug 10, 2008 4:17am
One of my companies is called Warren Forex Investment Corporation !!!
My first name is Bruce ! I use my middle name for my companies name. My original company is Warren Management Corporation.
I at one time was both Credit Manager and Controller of a large bedding company called Serta (Perfect Sleeper)
I started my own management company in 1974 and since that day I never worked for anyone again. I work for myself and my shareholders.
Off to Bed after a long nite in the clubs.
Later today we see EUR/USD at ?
1.4960 or 151.00
What Say You ?
Bruce Warren ...
times for fraud etc. then you better go and crawl back to the snake pit
you came from
- #18,979
- Aug 10, 2008 5:12am Aug 10, 2008 5:12am
- | Joined Jul 2008 | Status: Trader | 2,130 Posts
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
