Cesarnc's market talk, gossips, rumours & fun

Its what got us into this mess and it's whats going to get us out. All the FED has to do is print out tons of ammunition. Hopefully we can shoot our way out of this mess and go on to set up the next mess 10 years from now. The Green energy bubble, then the Mars bubble and so on and so on.........

A little nostalgia

Top Ten George Bush Moments

Short Swissy.

The Swiss franc could be undermined if the Swiss National Bank decides to use the currency as a tool to stimulate the country’s economy after its policy meeting on Thursday.
With its three-month interest rate target range already at 0 to 0.5 per cent, the SNB has limited room for manoeuvre on interest rates. It may therefore decide that a weaker Swiss franc is the best method to enact further monetary easing.
The haven appeal of the Swiss franc has been heightened by the recent market turmoil, taking it up towards the record high of SFr1.43 it hit against the euro in October last year. Currently it stands at SFr1.4780 against the single currency.
Further currency strength – on a trade-weighted basis the Swiss franc has risen 9 per cent since July – would act as monetary tightening, the opposite effect that the SNB is trying to create.
Mansoor Mohi-uddin at UBS says a dovish SNB could tackle the twin challenges of deflation and a cripplingly strong currency by deciding to buy foreign bonds. “This would require it to print money – quantitative easing – so helping to ward off deflationary risks in the economy,” he says.
“In addition, the intervention in currency markets to purchase foreign currency bonds would help introduce two-way risk back into the euro/Swiss franc exchange rate.”

I will go down if it doesn't go up...


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Madoff arrives at court... Expected to plead guilty...

News would be, if he pleaded not guilty...

Swissy down 300-400 pips.

Written by Joel Kruger, Technical Currency Analyst

Usd/Chf jumps over 300 pips following announcement that SNB will look to buy currencies to avoid Franc appreciation. SNB cuts 25bps as expected to 0.25% the lowest level since 2003. They have also narrowed the band to 0.00%-0.75%. Gains have stalled out ahead of the key range highs by 1.1890 and with hourly technical studies well overbought and the intervention only "verbal" at this point, we would warn of the potential for a sharp pullback following a break of the 1.1890 highs. Usd/Chf trades 1.1860.

Now THAT'S a Tomahawk fart

Well done, BWR. Might have been the mother of all nice calls for 2009

Madoff Says 'Sorry And Ashamed'; Off To Jail

Nail the bastard!

new Madoff biz : sold on ebay for 1$... Need to sold 50 billion more ...(collector!)

Dow took out 7k.

I say bottom is put, bye bye bears bye bye
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*official nominee for mother of all lousy calls '09

Chill Out break

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It was a joke but... going to ebay and type "madoff"... looool i wasn't aware of the back business of madoff : http://shop.ebay.com/items/_W0QQ_nkw...romZR40QQ_mdoZ

"BERNIE MADOFF - MADE OFF WITH MY MONEY - HAT"

Stocks bounced, Madoff in Jail, Britney in shape...

The good old days back?!??!

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i think it was posted somewhere in FF, if not even in this thread

welcome to Friday !!!!!
A very good start for European Session... long GU/GY/UJ/CY/EY (pips collectors...)

Don't forget my JPY call two weeks ago. That was a vacation trade there.
Paid for all that cheap wine and ski tickets.

don't forget a/u

Did someone say its friday?


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