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The Really Useless Thread

  • #11,541
  • Sep 12, 2011 2:25pm Sep 12, 2011 2:25pm
Quoting Wulfgar
I dont get why this whole greek default thing is taking so long to play out

so stupid... countries have been going bankrupt for years... just feckin do it already and reorganize... this shitshow is retarded... CDS's are at record highs for france, italy, portugal etc.... Its annoying to me the ineptitude of world leaders
Agree. Nobody get it.

If they would have put an end to it from the root last year, Greece would have already reached bottom and probably starting to see some small light at the end of the tunnel...but kicking the can has only buried Greece and the EZ even deeper in mud.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,542
  • Sep 12, 2011 2:26pm Sep 12, 2011 2:26pm
Quoting Wulfgar
I dont get why this whole greek default thing is taking so long to play out

so stupid... countries have been going bankrupt for years... just feckin do it already and reorganize... this shitshow is retarded... CDS's are at record highs for france, italy, portugal etc.... Its annoying to me the ineptitude of world leaders
dont get it neither....anyway Germany wanna exclude Greece from the Europe Union...

: p
Hero calls followed by margin calls...
  • #11,543
  • Sep 12, 2011 2:29pm Sep 12, 2011 2:29pm
Quoting sisse
Agree. Nobody get it.

If they would have put an end to it from the root last year, Greece would have already reached bottom and probably starting to see some small light at the end of the tunnel...but kicking the can has only buried Greece and the EZ even deeper in mud.

sisse
Arent the chinese awash in Dollars? Then they invest in Euros....rinse repeat....
  • #11,544
  • Sep 12, 2011 2:33pm Sep 12, 2011 2:33pm
Quoting Wulfgar
you guys all like my new trading desk??

http://www.zerohedge.com/sites/defau...011/09/Kim.jpg
The dude in the far right is watching porn....
  • #11,545
  • Sep 12, 2011 2:33pm Sep 12, 2011 2:33pm
Quoting sisse
Agree. Nobody get it.

If they would have put an end to it from the root last year, Greece would have already reached bottom and probably starting to see some small light at the end of the tunnel...but kicking the can has buried Greece and the EZ even deeper in mud.

sisse
Same with the US. If we would have just fallen hard (how a market self corrects after a massive bubble), we would be back on the road to growth.

Yes, it would have been messy, yes a lot more people would have lost their jobs. But, we would once again be on the right track. Instead, now we have a sustained unemployment level which shows no signs of recovery, rather then something that would spike up, then spike back down to reasonable levels.

We have a BS equities market that was lifted on hot air. And now we are heading into another recession, although I am not convinced we ever left the last one, other then the aforementioned equities market.

Oh well... I'm pretty ignorant when it comes to the fundies of a market and what not... so i'll try not to spread to much crap here...
  • #11,546
  • Sep 12, 2011 2:35pm Sep 12, 2011 2:35pm
Quoting needpips
Arent the chinese awash in Dollars? Then they invest in Euros....rinse repeat....
The news are getting clearer and easily spotted after reading beyond the rumor/knee jerk reaction . "Italy turns to China for help in debt crisis"

The Chinese are not naive, altruistic or dumb. The deal is over ENEL and ENI, two of the largest and key energy multinational in Italy (in the world actually)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,547
  • Sep 12, 2011 2:35pm Sep 12, 2011 2:35pm
Quoting needpips
Arent the chinese awash in Dollars? Then they invest in Euros....rinse repeat....
My question is... with the amount of money these guys are moving in the markets. How in the hell do they not trade there way out of debt?

Every government should have a trading sector of their business.
  • #11,548
  • Sep 12, 2011 2:36pm Sep 12, 2011 2:36pm
Quoting Venice
My question is... with the amount of money these guys are moving in the markets. How in the hell do they not trade there way out of debt?

Every government should have a trading sector of their business.
Do u have a bug on my phone? I just had that convo with a buddy of mine today....I dont care that they move the market with press releases, but shite, Y dont they trade their way outta their deficits....geez
  • #11,549
  • Sep 12, 2011 2:38pm Sep 12, 2011 2:38pm
Quoting sisse
The news are getting clearer and easily spotted after reading beyond the rumor/knee jerk reaction . "Italy turns to China for help in debt crisis"

The Chinese are not naive, altruistic or dumb. The deal is over ENEL and ENI, two of the largest and key energy multinational in Italy (in the world actually)...

sisse
yeah.. agree.. hot-cold-hot.. we've seen the same.. a way to calm the market ??

HOPE ?

http://www.ft.com/intl/cms/s/0/90c4c...#axzz1XlhDLHbh
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  • #11,550
  • Sep 12, 2011 2:38pm Sep 12, 2011 2:38pm
Quoting needpips
Do u have a bug on my phone? I just had that convo with a buddy of mine today....I dont care that they move the market with press releases, but shite, Y dont they trade their way outta their deficits....geez
lol, I've thought about this before... and really... what I have done with several hundred dollars... to thousands, to hundreds of thousands...

Imagine what I could do with a million or a trillion. Feck, move up to the daily or weekly chart and let'er rip.
  • #11,551
  • Sep 12, 2011 2:41pm Sep 12, 2011 2:41pm
Quoting Venice
....
Oh well... I'm pretty ignorant when it comes to the fundies of a market and what not... so i'll try not to spread to much crap here...
Don't say that as I think your opinion and FA view is very valid ....my 2 cents, is that FA is like TA when you start trading, you don't know how much you know and you tend to dismissed because is not 2+2=4 and "didn't" work this time.

Keep letting your FA analysis flow you never know, you may develop an extra edge in your trading when you start trusting your FA judgment in combination with TA....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,552
  • Sep 12, 2011 2:47pm Sep 12, 2011 2:47pm
Yeehaw...

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  • #11,553
  • Sep 12, 2011 2:47pm Sep 12, 2011 2:47pm
Quoting Piters
yeah.. agree.. hot-cold-hot.. we've seen the same.. a way to calm the market ??

HOPE ?

http://www.ft.com/intl/cms/s/0/90c4c...#axzz1XlhDLHbh
Nop...self-interest.

China knows what it wants and know how to get it at a bargain.

Ask any African or Latin America country in the last 10 years. If you have natural resources, energy, commodities...you are in Chinas aim. Debt? , human rights? , trade? ,dictators? ,etc?,irrelevant as long as you give them what they want, they will put the cash...no questions ask.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,554
  • Sep 12, 2011 2:48pm Sep 12, 2011 2:48pm
Quoting sisse
Don't say that as I think your opinion and FA view is very valid ....my 2 cents, is that FA is like TA when you start trading, you don't know how much you know and you tend to dismissed because is not 2+2=4 and "didn't" work this time.

Keep letting your FA analysis flow you never know, you may develop an extra edge in your trading when you start trusting your FA judgment in combination with TA....

sisse
Fundies says that China will save Europe... LOL

I am quite happy with my longs for now...

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  • #11,555
  • Sep 12, 2011 2:48pm Sep 12, 2011 2:48pm
Quoting Venice
3561... whatcha doin buddy?
Didn't take... markets are certainly moving around quite a bit for this time of day.

Haven't been very focused today, missing a lot of good trade opportunities. But you know what. I'm alright with that.
  • #11,556
  • Sep 12, 2011 2:50pm Sep 12, 2011 2:50pm
Quoting bbakker
Fundies says that China will save Europe... LOL

I am quite happy with my longs for now...

Attachment
WTF. You are looking at the same things as me. LOL. Only difference is I didn't pull the trigger
  • #11,557
  • Sep 12, 2011 2:50pm Sep 12, 2011 2:50pm
Quoting bbakker
Fundies says that China will save Europe... LOL

I am quite happy with my longs for now...

Attachment
Where are you aiming bb?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,558
  • Sep 12, 2011 2:53pm Sep 12, 2011 2:53pm
Quoting Venice
WTF. You are looking at the same things as me. LOL. Only difference is I didn't pull the trigger
lol

Can't have them all... just a matter of waiting for another setup again.

Have a good 'un!
  • #11,559
  • Sep 12, 2011 2:56pm Sep 12, 2011 2:56pm
Quoting sisse
Where are you aiming bb?

sisse
Depends if we take today's high out, but if we do... this could go back all the way to 1.4. Haven't looked for targets on the higher timeframes yet. Maybe a re-test of the weekly trendline that we smashed through last week?

For now, I will take it one step at a time!
  • #11,560
  • Sep 12, 2011 2:57pm Sep 12, 2011 2:57pm
Quoting bbakker
Depends if we take today's high out, but if we do... this could go back all the way to 1.4. Haven't looked for targets on the higher timeframes yet. Maybe a re-test of the weekly trendline that we smashed through last week?

For now, I will take it one step at a time!
DPP 3742...Im aiming at 3730...Then Ill Reassess
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