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  • #70,721
  • Mar 3, 2009 7:20pm Mar 3, 2009 7:20pm
Quoting Chicky
Thanks for asking. Understood real meaning of sitting tight in last 20 hours.

Yea no kidding, I've been waiting for this for the past week and a half..... and it feels so good haha Good lord.
  • #70,722
  • Mar 3, 2009 7:21pm Mar 3, 2009 7:21pm
Quoting arthurb
i am happy i am not american
I am happy you are not too.

  • #70,723
  • Mar 3, 2009 7:22pm Mar 3, 2009 7:22pm
Quoting arthurb
yea yea,

and i guess the 1K trash cans brought down the entire world economy, not to mention the 2 mil birthday parties, the helicopters etc...

i am happy i am not american

peace
Nobody is going to escape this nastiness. We're all screwed in the short run.
  • #70,724
  • Mar 3, 2009 7:22pm Mar 3, 2009 7:22pm
Quoting SunTrader
Yes and how about some of those folks (hedge funds/banks/etc) in other countries (i.e. Iceland) that bought some of the mortgage paper looking to earn above market rates of return. They must have been greedy too by the reasoning the media puts on things.
Trying to make money does not equal greed, they were buying them off the government, thinking the government was responsible and was following good loan practices.

Wanting to make a profit is greed is unneeded fascist rhetoric and I would love if you not spew it.
  • #70,725
  • Mar 3, 2009 7:24pm Mar 3, 2009 7:24pm
Quoting Code4Capital
Trying to make money does not equal greed, they were buying them off the government, thinking the government was responsible and was following good loan practices.

Wanting to make a profit is greed is unneeded fascist rhetoric and I would love if you not spew it.
I guess you misunderstood my meaning. I was agreeing.
  • #70,726
  • Mar 3, 2009 7:26pm Mar 3, 2009 7:26pm
Quoting Code4Capital
Actually doing the nice thing and giving loans to people who couldn't pay for them was actually what caused it. Greed has very little to do with it. Its more about control.
Nice thing to do??


OMFG...

I hope that was sarcasm.
  • #70,727
  • Mar 3, 2009 7:26pm Mar 3, 2009 7:26pm
Quoting JgrB
European Monetary System at Breaking Point

When others were fawning over the European Union and its committee creation of the euro, Milton Friedman made this prescient and brilliant comment: “It seems to me that Europe, especially with the addition of more countries, is becoming ever-more susceptible to any asymmetric shock. Sooner or later, when the global economy hits a real bump, Europe's internal contradictions will tear it apart.”

http://www.marketoracle.co.uk/Article9022.html
Sounds like a "Talking Head" that fronts for some hedge fund....which must be building long positions with every long trader that capitulates after hearing this stuff.
  • #70,728
  • Mar 3, 2009 7:27pm Mar 3, 2009 7:27pm
Quoting Byrd
Yea no kidding, I've been waiting for this for the past week and a half..... and it feels so good haha Good lord.
I am happy but not feeling great. Just partially recovered my yesterday's losses ...... not a bad lesson at the cost of one week's profits.
The Thief of Wall Street
  • #70,729
  • Mar 3, 2009 7:27pm Mar 3, 2009 7:27pm
Quoting Code4Capital
Actually doing the nice thing and giving loans to people who couldn't pay for them was actually what caused it. Greed has very little to do with it. Its more about control.
thats what they told you.. who bought those loans.. follow the money learn the truth.. dont believe what the ones who caused it are telling you. search s.e.c april 28 2004 ... thats the truth.. thats where the leverage was infinite..
those who can, do. those who cant, talk about those who can
  • #70,730
  • Mar 3, 2009 7:30pm Mar 3, 2009 7:30pm
Quoting SunTrader
Hey Jay
Walkin' on the Wild Side are ya?
Always!


Quoting Chicky
Thanks for asking. Understood real meaning of sitting tight in last 20 hours.
Ah, so you hung on to your f'ing hat didn't you Awesome!

Quoting altrader
Hi Jay

I'm doing ok. I took a 1% loss on a EUR/JPY trade. I was long on it but just as the Aussie GDP figure was released, the EUR/JPY tanked along with EUR/USD.

The Aussie GDP figure was unexpected. They were forecasting it to be +0.2% but the actual figure ended up being -0.5%
1% loss was within your MM I presume? You'll make it back.
Not all sins are created equal
  • #70,731
  • Mar 3, 2009 7:34pm Mar 3, 2009 7:34pm
Quoting Bemac
Just wondering what colour the sky is in your world?
Marmalade.

Yes, Lucy in the Sky of Diamonds.

Inserted Video


  • #70,732
  • Mar 3, 2009 7:34pm Mar 3, 2009 7:34pm
Quoting NuckingFuts
Nice thing to do??


OMFG...

I hope that was sarcasm.
It was the nice thing to do.

And while we're at it, why not raid a fridge and do someone's wife? I'm just saying, it's the nice thing to do is all
Not all sins are created equal
  • #70,733
  • Mar 3, 2009 7:35pm Mar 3, 2009 7:35pm
Quoting NuckingFuts
Nice thing to do??


OMFG...

I hope that was sarcasm.
Majority of the bad loans were given out of by the government and bought by private companies and the bad loans that originated in private banks were caused by real estate agents helping them lie.
  • #70,734
  • Mar 3, 2009 7:38pm Mar 3, 2009 7:38pm
Quoting Jay Walker
Ah, so you hung on to your f'ing hat didn't you Awesome!

.
Not really, just got my hat back in last one hour.
The Thief of Wall Street
  • #70,735
  • Mar 3, 2009 7:40pm Mar 3, 2009 7:40pm
Quoting arthurb
yea yea,

and i guess the 1K trash cans brought down the entire world economy, not to mention the 2 mil birthday parties, the helicopters etc...

i am happy i am not american

peace
I've been reading your trading comments and you seem to be a below average trader.

m
  • #70,736
  • Mar 3, 2009 7:41pm Mar 3, 2009 7:41pm
Quoting Bemac
Just wondering what colour the sky is in your world?
  • #70,737
  • Mar 3, 2009 7:43pm Mar 3, 2009 7:43pm
Quoting Code4Capital
Majority of the bad loans were given out of by the government and bought by private companies and the bad loans that originated in private banks were caused by real estate agents helping them lie.
you dont get it do ya... it wasnt just loans it was oil ect.. all went down after they pumped it up... they had to cover the calls... it dried up the money... no money the rest snowballed.. because of the leverage.. they did the same thing they blamed the poor guy buyng a house he could not afford...sure the homebuyer over leveraged but goldmen aig ect. did the same with trillions of dollars that never existed..
those who can, do. those who cant, talk about those who can
  • #70,738
  • Mar 3, 2009 7:44pm Mar 3, 2009 7:44pm
Quoting acumen
I've been reading your trading comments and you seem to be a below average trader.

m
http://www.bestweekever.tv/bwe/image...kson%20gif.gif

Although this is entertaining, arguing over the internet is like winning the special Olympics.... even if you win you're still retarded.
  • #70,739
  • Mar 3, 2009 7:47pm Mar 3, 2009 7:47pm
Wow, I just wanted to read some Forex information and maybe learn something but instead I got sucked into reading people bad-mouth my country.

To the guy who said we're stupid and the guy who said he's glad he's not American. It sounds like a little jealousy..believe me, we're glad you're not one of us too.

To those of you blaming corporate America for all that is going on with the economy, I suggest you stop watching Keith Olberman. You people are supposed to be capitalists for God's sake! If you want to trace the beginnings of this crash visit the history of the Carter Administration and the Community Reinvestment Act. Watch some video of the liberals screaming at bankers for "preventing" people from being creditworthy. As this country jumps to the far left and every liberal blogger slurps up the Kool Aide and thanks Obama for mortgaging our future and insuring unprecedented inflation I really thought that I would find a safe haven amongst investors here who put logic above emotion. As far as the America hating foreigners, I couldn't care less what you think about me or my country so don't bother responding.
  • #70,740
  • Mar 3, 2009 7:47pm Mar 3, 2009 7:47pm
Quoting Byrd

Although this is entertaining, arguing over the internet is like winning the special Olympics.... even if you win you're still retarded.
I'm agreeing.

He's glad he's not an American... and so am I.

m
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