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Technical Analysis Fallacy

  • #13,101
  • Jan 25, 2010 9:44am Jan 25, 2010 9:44am
Quoting auxesis
Great, sounds like old times.

Time to move to a different venue.

So Chief,

Seems the terrain is being changed all together.... what we gonna play forex in ...

not to change focus... but what you have taught us we can preety much take it anywhere...Future options... though u still need to know the lady...e-mini S&p etc...


V
  • #13,102
  • Jan 25, 2010 9:47am Jan 25, 2010 9:47am
sir are u talking about this news , or is it something else ?

http://www.bloomberg.com/apps/news?p...d=aGwoMdcKbVFk
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,103
  • Jan 25, 2010 9:51am Jan 25, 2010 9:51am
Quoting maheswara
sir are u talking about this news , or is it something else ?

http://www.bloomberg.com/apps/news?p...d=aGwoMdcKbVFk
only you noticed. Liquidity will dry up soon.
  • #13,104
  • Jan 25, 2010 9:55am Jan 25, 2010 9:55am
Quoting maheswara
sir are u talking about this news , or is it something else ?

http://www.bloomberg.com/apps/news?p...d=aGwoMdcKbVFk
Most of the big shots in the US House and Senate are opposed to the ban on pop. trading, and Bernake and Geitner are also opposed. Not sure this is much more than Obama's knee jerk reaction to the loss in Mass. Will worry about this one when it becomes a problem. Barney Frank was surprised about this and not too happy to hear it.
  • #13,105
  • Jan 25, 2010 9:58am Jan 25, 2010 9:58am
Quoting GEfx
Most of the big shots in the US House and Senate are opposed to the ban on pop. trading, and Bernake and Geitner are also opposed. Not sure this is much more than Obama's knee jerk reaction to the loss in Mass. Will worry about this one when it becomes a problem. Barney Frank was surprised about this and not too happy to hear it.
Franks hears the axe blade being sharpened for Fanny and Freddie, which will drastically cut his income.
  • #13,106
  • Jan 25, 2010 9:59am Jan 25, 2010 9:59am
I see limiting free market simply makes it inefficient , but Im sure big banks will find a way through ...
anyway im callin it a nite ,
gnite all n good trading to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,107
  • Edited 10:10am Jan 25, 2010 9:59am | Edited 10:10am
Quoting fti
only you noticed. Liquidity will dry up soon.
I read this article on Friday when it was published but I didn't consider it to be "real". Just a political stunt.

I like the comment from Golman's David Viniar: “You have global institutions around the world who are set up in a certain way and to put rules in place that roll back the financial system by 10 years I think is going to be a very, very hard thing to do,”

Makes me think if liquidity really does dry up now then we will really see a world wide "depression".
  • #13,108
  • Jan 25, 2010 10:00am Jan 25, 2010 10:00am
Quoting auxesis
Franks hears the axe blade being sharpened for Fanny and Freddie, which will drastically cut his income.
LOL -- he'll have to open the brothel in his basement again -- LOL.
  • #13,109
  • Jan 25, 2010 10:02am Jan 25, 2010 10:02am
Did I hear somewhere Greek bond sales better than expected?
  • #13,110
  • Jan 25, 2010 10:03am Jan 25, 2010 10:03am
Quoting piccolo
I read this article on Friday when it was published but I didn't consider it to be "real".
maybe cigar man has gone senile?

regards
  • #13,111
  • Jan 25, 2010 10:04am Jan 25, 2010 10:04am
A couple of banking analysts were on CNBC talking about this. If it were to happen (the prop trading thing) it would only move the trading operations out of the bank and into another business. Trading will not go away, just will be done in another place. However, banks will fight to keep it and Obama may be too weak now to make this stick.
  • #13,112
  • Jan 25, 2010 10:06am Jan 25, 2010 10:06am
Quoting auxesis
Did I hear somewhere Greek bond sales better than expected?
sure why not, no one wants to help. Might as well tap into the vast pool of debt reserves. maybe build a chinatown there too.

regards.
  • #13,113
  • Jan 25, 2010 10:12am Jan 25, 2010 10:12am
Quoting fti
sure why not, no one wants to help. Might as well tap into the vast pool of debt reserves. maybe build a chinatown there too.

regards.
found a bloomberg report, was thinking it might take the immediate negative focus off the Euro.

http://www.businessweek.com/news/201...-update2-.html
  • #13,114
  • Jan 25, 2010 10:23am Jan 25, 2010 10:23am
maybe it's not that dramatic?

LONDON (Dow Jones)--The foreign-exchange market is bouncing back from its recent slump in trading volumes, with data released Monday by key central banks showing a recovery in average daily flows in the six months to October 2009.

Trading volumes in the U.K. rose 14% to a total average of $1.549 trillion a day, according to the Bank of England. In the U.S., the recovery was even stronger, with a 28% increase in flows to $675 billion a day, according to the New York Federal Reserve.

The recovery in flows follows a sharp slump in the six months leading up to the previous report conducted in April 2009, which was skewed by an explosion of trading volumes after the collapse of Lehman Brothers.

While New York remains a much smaller trading hub than London, the speed of the recovery in flows there is dramatic.
  • #13,115
  • Jan 25, 2010 10:28am Jan 25, 2010 10:28am
Quoting piccolo
maybe it's not that dramatic?

[color=DimGray]LONDON (Dow Jones)--The foreign-exchange market is bouncing back from its recent slump in trading volumes, with data released Monday by key central banks showing a recovery in average daily flows in the six months to October 2009.

Trading volumes in the U.K. rose 14% to a total average of $1.549 trillion a day, according to the Bank of England. In the U.S., the recovery was even stronger, with a 28% increase in flows to $675 billion a day, according to the New York Federal Reserve.

The recovery...
It makes sense that if international trade numbers are down, currency swaps would be affected. As things pick up, it should show in the markets, if though the ability of the banks to offset risk, via hedging and market positioning is eliminated, I don't see how they can work, unless you go to a much smaller view of banking, then who picks up the slack for international interests?

Unless all currency markets are pegged? Or one international body is erected to handle it.
  • #13,116
  • Jan 25, 2010 10:31am Jan 25, 2010 10:31am
if greece euro bonds well recieved.
so how the purchasers going to fuind the purchase?
ie how to get euros to pay for the purchased papers?
  • #13,117
  • Jan 25, 2010 10:32am Jan 25, 2010 10:32am
Quoting auxesis
It makes sense that if international trade numbers are down, currency swaps would be affected. As things pick up, it should show in the markets, if though the ability of the banks to offset risk, via hedging and market positioning is eliminated, I don't see how they can work, unless you go to a much smaller view of banking, then who picks up the slack for international interests?

Unless all currency markets are pegged? Or one international body is erected to handle it.
I hope that Obamians were short some financial stocks.. and it all will just fade away.
  • #13,118
  • Jan 25, 2010 10:34am Jan 25, 2010 10:34am
Quoting piccolo
I hope that Obamians were short some financial stocks.. and it all will just fade away.
He's about to get back on the TV and open his yap again, so buckle up. Wall Street is pissed right now.
  • #13,119
  • Jan 25, 2010 10:39am Jan 25, 2010 10:39am
Strong GBP...
  • #13,120
  • Jan 25, 2010 10:39am Jan 25, 2010 10:39am
Quoting fti
if greece euro bonds well recieved.
so how the purchasers going to fuind the purchase?
ie how to get euros to pay for the purchased papers?
Outside interests would have to purchase Euro's correct? unless purchasers already inside EU.

In my mind the ability for Greece to fund itself, would take pressure off ECU? And Euro positive?
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