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  • #12,581
  • Sep 14, 2011 7:16am Sep 14, 2011 7:16am
Quoting sisse
All done before reports. Nice and smooth lunch rally on air in stock markets (and the euro) before news and NY. US Retail Sales were the only numbers that didn't disappoint last month. Let see what they bring to the table...

sisse
Hi sisse!

What do you make of the "BRICs" release? I just find it Western World Hopium, really. The release is from Brazil. How much are they...on their own...going to invest? India? They playing, too? Is Brazil speaking for everyone in the BRICs...which, also...Brazil, Russia, India and China are not the only members in the gang.

Western "fluff" to me so far.
  • #12,582
  • Sep 14, 2011 7:18am Sep 14, 2011 7:18am
Quoting kenfen69
Find it somewhat intriguing...

Already heard China...they will...they won't...they will?
Russia...they will? Might as well. How much gas flows through their pipelines...east to west?

So...that's C & R of the BRICs...

So...Brazil and India...how much? Details?
Yeah there is some talk about forming a Fund to do that instead of helping them individually. But again its all talk.
.


Quote
Instead, the governments are also reportedly looking into investing reserve money into the European Union's own fund, which has solid credit ratings. Such a move, however, would also require approval by the EU.

Another alternative that could be under study, the person said, would be to use BRIC sovereign wealth funds to purchase Euro region securities.
"A sovereign wealth fund solution would be easier than using reserves," the person said.
.
  • #12,583
  • Sep 14, 2011 7:19am Sep 14, 2011 7:19am
Quoting kenfen69
Hi sisse!

What do you make of the "BRICs" release? I just find it Western World Hopium, really. The release is from Brazil. How much are they...on their own...going to invest? India? They playing, too? Is Brazil speaking for everyone in the BRICs...which, also...Brazil, Russia, India and China are not the only members of the gang.

Western "fluff" to me so far.
same as China bought Greek Bonds.. [if you remember .... few months back ]
  • #12,584
  • Sep 14, 2011 7:20am Sep 14, 2011 7:20am
Quoting Piters
China will buy 'some" bonds, just to float the Italian bond market;

China and Russia "ARE" interested to "invest in Italy and rest of the Europe, 'BUT" not interested in "BONDS as a card blanche"

China warned the rest of the West countries to keep the Houses in order, and do not rely that someone is savior. [riding on white [red in our case] horse]
Nice!

All sounds very "sensible/reasonable" to me.

Brazil? India?

Keep digging, you bastard!
  • #12,585
  • Sep 14, 2011 7:26am Sep 14, 2011 7:26am
Quoting nasir.khan
Yeah there is some talk about forming a Fund to do that instead of helping them individually. But again its all talk.
Thanks nasir! My "digging" abilities aren't what they normally are today. Appreciate the "fact finding" mission!

You're right...definitely "talk" so far if the quoted source is referred to as "the person!" And under anonymity, too, I would assume?

Hey...its hopium...has me feeling slightly "up-beat" and optimistic today. Powerful drug!

Nice one, mate.
  • #12,586
  • Sep 14, 2011 7:26am Sep 14, 2011 7:26am
Quoting kenfen69
Hi sisse!

What do you make of the "BRICs" release? I just find it Western World Hopium, really. The release is from Brazil. How much are they...on their own...going to invest? India? They playing, too? Is Brazil speaking for everyone in the BRICs...which, also...Brazil, Russia, India and China are not the only members in the gang.

Western "fluff" to me so far.
Well. EZ countries using all the leverage in their arsenal (and is not small obviously) to avoid contagion/domino when Greek default is announced.

The EZ/EU is still the second biggest economic block (and not that far from the US) in the world so politics, economics, trade, energy, and even arms and security issues still can twist some arms across the globe.

On the BRICs, they are pissed off (with all reason) in this non declared "currency war". All the big players (UK, US, Japan, etc) are aggressively playing with monetary policy while the BRICs are starting to pay the price as collateral damage (appreciation of their currencies, etc) in the process.

So obviously is not in their interest (anybody interest) to let the EZ collapse and let them even more naked against the dollar. So lots of bla, bla, bla but I take it as PR to support the EZ in the event of a crisis. To what extend they will do something in practice? ...not sure. Probably short term they will join all pulling to save the boat (US and UK included) but if things get nasty they will run fast to cover their asses in the US and China.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,587
  • Sep 14, 2011 7:33am Sep 14, 2011 7:33am
Quoting Piters
same as China bought Greek Bonds.. [if you remember .... few months back ]
Of course...

That's why I don't really like the release being flown under the "BRICs" flag. <-- wait...do they have one yet?

It would actually be a bit of a "new" flag if they were going to buy together...as a BRIC "entity." But is that what is actually happening here? Or is some spotty-faced, "western world" financial "journalist" clutching at something that really isn't very official at all?

Forgive my pessimism...and use of "quoties" above. Just curious for some actual facts and figures....particularly Brazil and India.
  • #12,588
  • Sep 14, 2011 7:35am Sep 14, 2011 7:35am
Little bit...

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  • #12,589
  • Sep 14, 2011 7:38am Sep 14, 2011 7:38am
More sluggish numbers in the US. A small reminder that nothing has changed since July and the real economy is sinking...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,590
  • Sep 14, 2011 7:39am Sep 14, 2011 7:39am
Quoting sisse
So obviously is not in their interest (anybody interest) to let the EZ collapse and let them even more naked against the dollar. So lots of bla, bla, bla but I take it as PR to support the EZ in the event of a crisis. To what extend they will do something in practice? ...not sure. Probably short term they will join all pulling to save the boat (US and UK included) but if things get nasty they will run fast to cover their asses in the US and China.

sisse
Thanks sisse.
  • #12,591
  • Sep 14, 2011 7:39am Sep 14, 2011 7:39am
Quoting kenfen69
Of course...

That's why I don't really like the release being flown under the "BRICs" flag.

It would actually be a bit of a "new" flag if they were actually going to buy together...as a BRIC "entity." But is that what is actually happening here? Or is some spotty-faced, "western world" financial "journalist" clutching at something that really isn't very official?

Forgive my pessimism...and use of "quoties" above. Just curious for some actual facts and figures.
Sarco and Merkel are on phone conf with G.Papa ..today [now]

yesterday I saw a headline that, that conf is going to be the "LAST ONE" between Berlin and Athens... well, you draw your own conclusions. but as for me, im seeing market is ready for a greek default... it is a matter of hours or days...

today, maybe early next week ??? dont know.. everything we are seeing is just a maintenece, counting collaterals..
  • #12,592
  • Sep 14, 2011 7:40am Sep 14, 2011 7:40am
Ill wait till 1030 est.....the rules are just the rules...this looks prime for 3870's
  • #12,593
  • Sep 14, 2011 7:50am Sep 14, 2011 7:50am
hi guys.
  • #12,594
  • Sep 14, 2011 7:51am Sep 14, 2011 7:51am
Quoting sisse
More sluggish numbers in the US. A small reminder that nothing has changed since July and the real economy is sinking...

sisse
Interesting at the pub last night here in "Canada."

One of the televisions was showing that looping "get your news fast" bullet point...text driven...news. Recession Expected in Canada In the Coming Months...flashed over. The whole place stopped. I felt a LOT of "double-income" home owners mildly shit themselves. No word of a lie...that was probably the last pint of the night for 20-30% of the patrons...and the talking point for the next hour, or so, for those that remained.

Like my physical even more this morning.
  • #12,595
  • Sep 14, 2011 7:53am Sep 14, 2011 7:53am
Play on...player...

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EDIT: Updated photo...out of lower trade at +6. Want no "dead weight" today.
  • #12,596
  • Sep 14, 2011 7:54am Sep 14, 2011 7:54am
3746 looks like a prime area to sh.....thing is the consolidation right below here.....on the surface it looks like a sweet spot for a sh....but my spidey sense is tingling.....Part of that is due to the 38 area above....Ill wait....Lets C
  • #12,597
  • Sep 14, 2011 7:54am Sep 14, 2011 7:54am
Quoting kenfen69
Interesting at the pub last night here in "Canada."

One of the televisions was showing that looping "get your news fast" bullet point...text driven...news. Recession Expected in Canada In the Coming Months...flashed over. The whole place stopped. I felt a LOT of "double-income" home owners mildly shit themselves. No word of a lie...that was probably the last pint of the night for 20-30% of the patrons...and the talking point for the next hour, or so, for those that remained.

Like my physical even more this morning.
Sadly those are always the one that propel the moves when a bubble burst (fresh examples all over the place around the world since 2008)....

Hopefully it wont happen...well at least for us that is not a problem we just short the hell out of it ( don't say it out loud that politicians, especially in the US, may ban us for trading....)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,598
  • Sep 14, 2011 7:54am Sep 14, 2011 7:54am
Quoting nasir.khan
So the rally goes on the back of the "talk" feels like verbal interventions. lol

Stops above 750 and also option expiryies at 3800-3900-4000 today.

Still looking for 850ish to sell but I would be selling after the Conference call, no matter what they say. "Buy the rumor sell the fact" as i see it.
.
Look at all those stops above 50, ima comin to you guys.

Also bought NJ,NU,CJ and short UC on 5m spikes just after US data release,

Offcourse bad data meant more chances of QE3 so dollar bearish but market every time seems forget that for the first few mins for Bastards to get in.
.
  • #12,599
  • Sep 14, 2011 7:57am Sep 14, 2011 7:57am
Quoting kenfen69
Love'em!

Some people say Frankfurt is just an "airport town"...I know different!

How's the Stuut, mate? You keeping it in order?
actually pretty ok, yes id o
Hero calls followed by margin calls...
  • #12,600
  • Sep 14, 2011 7:57am Sep 14, 2011 7:57am
Quoting needpips
3746 looks like a prime area to sh.....thing is the consolidation right below here.....on the surface it looks like a sweet spot for a sh....but my spidey sense is tingling.....Part of that is due to the 38 area above....Ill wait....Lets C
I can't be overly bullish atm. No close above 3733.5 on the hourly yet, no single-candle cross etc. I have one eyeball on 3787, though.
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