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  • #17,461
  • Sep 8, 2009 5:21pm Sep 8, 2009 5:21pm
couldn't just hit the 61.8% and head back down cesar?

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The Chonchy
  • #17,462
  • Sep 8, 2009 5:47pm Sep 8, 2009 5:47pm
Quoting chonchy
couldn't just hit the 61.8% and head back down cesar?
I guess...

But all odds are against the dollar. Gold pierced $1,000 and lifted commodities and currencies, driving the dollar index to the drain...

I say gold $1,000 is support by Friday.
  • #17,463
  • Sep 8, 2009 5:52pm Sep 8, 2009 5:52pm
Quoting cesarnc
I guess...

But all odds are against the dollar. Gold pierced $1,000 and lifted commodities and currencies, driving the dollar index to the drain...

I say gold $1,000 is support by Friday.
follow you understand, thankyou sr.
The Chonchy
  • #17,464
  • Sep 8, 2009 5:55pm Sep 8, 2009 5:55pm
so I'll be scalping longs until friday because I'm short up to my.........but I can short the franc then, good deal
The Chonchy
  • #17,465
  • Sep 8, 2009 6:51pm Sep 8, 2009 6:51pm
Quoting cesarnc
Well, after all said and done, it rained 70mm here today, which means 70 liters per m2.

It's one person in kg per m2. This is an AWFUL LOT of water, man.

Mind blowing.. mind blowing what happened today...
Wow! That's:
70mm = 7cm * 2.5 = 17.5 inches (for the non-metric here)

I was on Kauai once (one of the wettest places on the planet), on the wet side, and a storm came and dumped 10 inches in 2 hours. You got that beat easy!


Inserted Video

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  • #17,466
  • Sep 8, 2009 8:40pm Sep 8, 2009 8:40pm
tradewell, you need to check your conversion charts. 70mm is 2.75 inches of rain, not 17.5 inches. i have gotten more than that froma tropical storm that came up the east coast a few years ago. about 9 inches for an afternoon. god what a mess. took three days to dry out my basement. 3 inches aint bad thought for a morning. wash alot of trash away!!
  • #17,467
  • Sep 8, 2009 9:12pm Sep 8, 2009 9:12pm
Quoting mtrmth
tradewell, you need to check your conversion charts. 70mm is 2.75 inches of rain, not 17.5 inches. i have gotten more than that froma tropical storm that came up the east coast a few years ago. about 9 inches for an afternoon. god what a mess. took three days to dry out my basement. 3 inches aint bad thought for a morning. wash alot of trash away!!


2.5 cm to the inch, not 2.5 inches to the cm!
  • #17,468
  • Sep 9, 2009 2:40am Sep 9, 2009 2:40am
Quoting mtrmth
tradewell, you need to check your conversion charts. 70mm is 2.75 inches of rain, not 17.5 inches. i have gotten more than that froma tropical storm that came up the east coast a few years ago. about 9 inches for an afternoon. god what a mess. took three days to dry out my basement. 3 inches aint bad thought for a morning. wash alot of trash away!!
That's 2.75in in São Paulo

http://img.terra.com.br/i/2009/09/08...1170-atm14.jpg

http://img.terra.com.br/i/2009/09/08...9396-atm14.jpg
  • #17,469
  • Sep 9, 2009 3:23am Sep 9, 2009 3:23am
It's been raining incessantly here (Scotland) for weeks. I'm sort of used to it. But the last few days:

"Forecasters said that Aberdeen and Lossiemouth were the wettest places in Scotland overnight, both being hit with 51mm (2 inches) of rain in the 12 hours up till 7am." (4th September)

People have been suffering flooding. Horrible. But the recession is officially over - see next post.
Gone to a better place
  • #17,470
  • Sep 9, 2009 3:27am Sep 9, 2009 3:27am
Hooray!

The recession is probably over, leading experts declared yesterday, as evidence showed that key parts of the economy were growing again.



In a further boost, Britain’s triple A credit rating is unlikely to be reduced, as had once been feared, even though the country’s budget deficit will soon be the worst among advanced economies.
Moody’s, the rating agency, will announce today that the rise in debt appears affordable, due to the political consensus that there must be spending cuts.
(Telegraph uk)

I would still like to know, if anyone can answer this, if Moody's was the credit rating agency that got us into this mess, by giving toxic loan packages AAA ratings?
Gone to a better place
  • #17,471
  • Sep 9, 2009 3:56am Sep 9, 2009 3:56am
Truth be told, the last trustworthy piece of information I read about all this mess came from the fellow trader Newstraderfx, who was calling some sort of doomsday caused by the crash of subprime lenders waaaay before it happened.

Of course, it didn't seem trustworthy by that time. "Subprime what?" "Doomsday who?" C'mon, it was a beautiful world with Dow cracking 12k, 13k, 14k....

And then... "oohh, THAT subprime"...

Everything after that was a confusion of bad calls from the bums across the street to the Fed's Chairman...
  • #17,472
  • Sep 9, 2009 4:16am Sep 9, 2009 4:16am
Long Dow, long oil, long metals...

Bot Vale yesterday...
  • #17,473
  • Sep 9, 2009 5:06am Sep 9, 2009 5:06am
my shorts.........
The Chonchy
  • #17,474
  • Edited 5:32am Sep 9, 2009 5:09am | Edited 5:32am
Quoting smikester
It's been raining incessantly here (Scotland) for weeks. I'm sort of used to it. But the last few days:

"Forecasters said that Aberdeen and Lossiemouth were the wettest places in Scotland overnight, both being hit with 51mm (2 inches) of rain in the 12 hours up till 7am." (4th September)

People have been suffering flooding. Horrible. But the recession is officially over - see next post.
It's being raining here in my part of the woods too, me think is global rain, we should ask Miss Ymamamoto or miss susuki, kawasaky some like that i don't know the correct name, if is raining in venus or unanusmaybe is a universal thing
The Chonchy
  • #17,475
  • Sep 9, 2009 5:22am Sep 9, 2009 5:22am
all the ratings agencies, including moody's were doing the same thing. they didn't want to rock the boat.

btw newstraderfx got his info from pres bush and senator clinton on the subprime mess. they had called on congress to fix that issue back in early 2007. bush was villified for wanting to take away the opportunity of the "under-privieldged" to get a house they couln't afford supported by the taxpayer.

so the wonderful politicians did nothing in congress, let the train wreck happen and blame the people who created their wealth with making the problem, but in fact the politicians wrote the rules and regulations they had to follow that got us in the mess in the first place.

i love politics!!!!
  • #17,476
  • Sep 9, 2009 7:14am Sep 9, 2009 7:14am
Quoting chonchy
It's being raining here in my part of the woods too, me think is global rain, we should ask Miss Ymamamoto or miss susuki, kawasaky some like that i don't know the correct name, if is raining in venus or unanusmaybe is a universal thing
She's off to 1600s to meet Galileo. Apparently she doesn't agree the Earth turns around the Sun after the visit to Venus...

She took her cell phone with her just in case, but Graham Bell won't be born in the next 200 years yet... She's kinda trapped there until the next spaceship to 21st Century, that's still grounded because of the rain

I know, I know, with 2 more puffs she could bring Steve Jobs to make her iPhone work, but who knows if she took enough stuff with her ...
  • #17,477
  • Sep 9, 2009 7:37am Sep 9, 2009 7:37am
Quoting mtrmth
they didn't want to rock the boat.... ..."under-privieldged" to get a house they couln't afford supported by the taxpayer.
So it makes you wonder whether they should be taken seriously ever again (the rating agencies, that is)

I would like to know what percentage of people who got mortgages which they otherwise would have been refused and have made a success of it. Even with the equity ups and downs it still has to be better than paying rent, for some.
Gone to a better place
  • #17,478
  • Sep 9, 2009 8:14am Sep 9, 2009 8:14am
i never understood the ratings. they reminded me of the motor trend vehicle of the year. the vehicle that won was the one who bought the most ad space in that issue. the people who write the regulations for the government don't understand finance, but that is how a company is judged to be solvent or not. go figure.

as for the percentage, i doubt it is high, though i have not heard any numbers. there probably aren't any, unless some politician want to cook books to get elected. i just look at fannie and freddie, they financed all of those loans, look how much they lost.
  • #17,479
  • Sep 9, 2009 8:33am Sep 9, 2009 8:33am
Vivus sais obesity drug effective: shares soar

McDonald's soars
Coca-Cola soars
Pizza Hut soars
Gyms filing for bankruptcy worldwide.
  • #17,480
  • Sep 9, 2009 9:12am Sep 9, 2009 9:12am
Quoting cesarnc
I guess...

But all odds are against the dollar. Gold pierced $1,000 and lifted commodities and currencies, driving the dollar index to the drain...

I say gold $1,000 is support by Friday.
Pin bar on gold at 1,000 apparently.
Gone to a better place
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