A man would have to be an idiot to jump into this mess
- #27,862
- Sep 7, 2008 4:14pm Sep 7, 2008 4:14pm
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
Before year end it sould still retest the highs of 1,6
This would be meant war in Europe and EU collapse as well.
That is in reference to how this effects the next week's trading open.
Show where weekend trading in EU this last 2 years has been effected by weekend "trading". Then I will take back "my" defiinition.
You know I really thought you understood trading.
Volume, which although not available in forex, is what effects price. No volume means very little change in price. For instance a spike on low volume is quickly reversed.
This is really basic stuff.
But if volume is low. Then it is also easier to move the market, because at a price level there are less orders for that price.
So if I get it right. You say that on low volume a market can not move?
Just trying to understand things here
Maarten
- #27,864
- Sep 7, 2008 4:18pm Sep 7, 2008 4:18pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
Before year end it sould still retest the highs of 1,6
- #27,867
- Sep 7, 2008 4:21pm Sep 7, 2008 4:21pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
- #27,868
- Sep 7, 2008 4:22pm Sep 7, 2008 4:22pm
- | Joined Jun 2008 | Status: Mixed Martial Chartist | 1,007 Posts
And what is the lesser of two evils, bail them out or not? This ain't no mom and pops operation.
Personally I think it would have been better to rip off the band aid quickly. Let them tank like they earned, and let market forces repair the damage slowly. Yeah, it would have seemed apocalyptic, but it would have bottomed the situation. They chose to dig faster to get out of the hole. Putting out the fire with gasoline.
The problem started with TOO much credit, and now everyone is screaming there isn't enough. Inflation has a history that goes back thousands of years. It started with royalty melting coins taking out precious metal and replacing it slowly over time with base metals. Then it progressed to issuance of credit notes at the goldsmiths, then paper money backed by nothing, now it's just obscene, push a button poof 100 billion on the central banks hard drive, here ya go.
Think of what the daily interest on trillions must be like. In the long run inflation caused by paying the interest alone to keep from defaulting (through issuance of more and more FRB debt) can work against a rising dollar.
Personally I think it would have been better to rip off the band aid quickly. Let them tank like they earned, and let market forces repair the damage slowly. Yeah, it would have seemed apocalyptic, but it would have bottomed the situation. They chose to dig faster to get out of the hole. Putting out the fire with gasoline.
The problem started with TOO much credit, and now everyone is screaming there isn't enough. Inflation has a history that goes back thousands of years. It started with royalty melting coins taking out precious metal and replacing it slowly over time with base metals. Then it progressed to issuance of credit notes at the goldsmiths, then paper money backed by nothing, now it's just obscene, push a button poof 100 billion on the central banks hard drive, here ya go.
Think of what the daily interest on trillions must be like. In the long run inflation caused by paying the interest alone to keep from defaulting (through issuance of more and more FRB debt) can work against a rising dollar.
Personally I think it would have been better to rip off the band aid quickly. Let them tank like they earned, and let market forces repair the damage slowly. Yeah, it would have seemed apocalyptic, but it would have bottomed the situation. They chose to dig faster to get out of the hole. Putting out the fire with gasoline.
The problem started with TOO much credit, and now everyone is screaming there isn't enough. Inflation has a history that goes back thousands of years. It started with royalty melting coins taking out precious metal and replacing it slowly over time with base metals. Then it progressed to issuance of credit notes at the goldsmiths, then paper money backed by nothing, now it's just obscene, push a button poof 100 billion on the central banks hard drive, here ya go.
Think of what the daily interest on trillions must be like. In the long run inflation caused by paying the interest alone to keep from defaulting (through issuance of more and more FRB debt) can work against a rising dollar.
I agree with you and everything you have said so far. But stop, you are teasing me and if I step foot on that soapbox I will be banned.
My last word on this topic is just another opinion. The world has fundamentally changed, sometimes the very thing one gains power to fight against is the very thing that consumes them and that is what they become.
Redefining Reality
- #27,872
- Sep 7, 2008 4:44pm Sep 7, 2008 4:44pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
But if volume is low. Then it is also easier to move the market, because at a price level there are less orders for that price.
So if I get it right. You say that on low volume a market can not move?
Just trying to understand things here
Maarten
- #27,875
- Sep 7, 2008 4:47pm Sep 7, 2008 4:47pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
I dont care about articles of those "famous experts".
Have u seen reaction of ppl(mostly shippers) in Spain and Poland when oil hit near 147$/b ?
I think u havent.
So I gave him a company that he also got broke.
Well, I think I have to give him a country that he can't get broke.
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- #27,880
- Sep 7, 2008 5:03pm Sep 7, 2008 5:03pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.