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The Really Useless Thread

  • #35,661
  • Nov 23, 2011 2:22pm Nov 23, 2011 2:22pm
Quoting Piters
Anyone interested in Cheap BANK ?? only 14c to 4 handle..

SALE SALE SALE

BofA default swaps hit new high

[Chart]
lol.. why so high ?
  • #35,662
  • Nov 23, 2011 2:29pm Nov 23, 2011 2:29pm
Quoting darimik
lol.. why so high ?
rofl..

welcome to the ZoombieLand
  • #35,663
  • Nov 23, 2011 2:30pm Nov 23, 2011 2:30pm
Might reach 3361
Disclaimer: Check your 1m charts
  • #35,664
  • Nov 23, 2011 2:35pm Nov 23, 2011 2:35pm
Quoting Piters
Anyone interested in Cheap BANK ?? only 14c to 4 handle..

SALE SALE SALE

BofA default swaps hit new high

[Chart]
Looks awful. Not buying that falling knife, not even if you give for half of the current price. I prefer to buy euros instead

Check this article very interesting overview

http://seekingalpha.com/article/3099...ights-flashing

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #35,665
  • Nov 23, 2011 2:40pm Nov 23, 2011 2:40pm


Quoting pipper
Might reach 3361
dreams do come true.
  • #35,666
  • Nov 23, 2011 2:42pm Nov 23, 2011 2:42pm
Quoting sisse
Looks awful. Not buying that falling knife, not even if you give for half of the current price. I prefer to buy euros instead

Check this article very interesting overview

http://seekingalpha.com/article/3099...ights-flashing

sisse
I saw the same on BBG half hour ago..

looks scary.. goes parabolic, no more room for can to be kicked,,,

If Germany having a problem raising few Blns today..
what about next EU bill of 114 Bln in just 5 weeks time ???

magical question with no solution .. so far..
  • #35,667
  • Nov 23, 2011 2:44pm Nov 23, 2011 2:44pm
Possible. I'm just grabbing 20 here and there when i can

Quoting wannaberich
Disclaimer: Check your 1m charts
  • #35,668
  • Nov 23, 2011 2:47pm Nov 23, 2011 2:47pm
went long 3340.....BE SL...maybe a lill hopium bump here
  • #35,669
  • Nov 23, 2011 2:49pm Nov 23, 2011 2:49pm
no risk at the moment so letting it roll overnight.

will set a pending at 1.34 with a large sl for a move down to the monthly support

let's see if mr. market has some for me or if i get punished for being greedy (again).


Quoting pipper
Possible. I'm just grabbing 20 here and there when i can
Attached Image (click to enlarge)
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dreams do come true.
  • #35,670
  • Nov 23, 2011 2:57pm Nov 23, 2011 2:57pm
5min 100MA holds @ 61


Quoting pipper
Might reach 3361
Disclaimer: Check your 1m charts
  • #35,671
  • Nov 23, 2011 3:05pm Nov 23, 2011 3:05pm
trying another long 3335
  • #35,672
  • Nov 23, 2011 3:08pm Nov 23, 2011 3:08pm
I'd wait till next hour. this hour bar may be bearish still mate

Quoting needpips
trying another long 3335
Disclaimer: Check your 1m charts
  • #35,673
  • Nov 23, 2011 3:08pm Nov 23, 2011 3:08pm
Quoting pipper
I'd wait till next hour. this hour bar may be bearish still mate
yep....3280 is my real target
  • #35,674
  • Nov 23, 2011 3:12pm Nov 23, 2011 3:12pm
Defo bearish overall. only quick long scalps i reckon

Quoting needpips
yep....3280 is my real target
Disclaimer: Check your 1m charts
  • #35,675
  • Nov 23, 2011 3:18pm Nov 23, 2011 3:18pm
Quoting sisse
I can't disagree with those arguments. Most are hard cold facts and historically tested. It looks very gloomy.

There is one an only one trigger for a meltdown and is Europe. The US side is sluggish but it has technically bottomed (macroeconomic wise). Is a feeble floor, and a European collapse in good US circumstances will cause recession and obviously in the current ones will trigger double dip and worse.

However, It wont be easy for Europe to Collapse. There is first Germany and the majors (UK included) still in play with a few powerful weapons...
I actually think the Fed is starting to get worried about all the money they have created. I imagine that the ECB will have to resort to printing... if they are not already doing so. They have a lot of bonds on their books that remains unsanitized.

However, even if these problems are fixed, it does nothing about the real problem that the West is facing. Its labour markets are increasingly uncompetitive with the East, its economies and government budgets are structured on a model that assumes continual growth, and its social welfare costs are increasing per unit and in number of units at the same time that its ability to pay is being reduced. There are no quick fixes here... only a long and slow period of readjustment with the occasional crisis to liven things up.

Also, 2008 was an election year. That didn't stop the economy from tanking.

Anyway, things will become much clearer in the next 2-3 weeks.
Kill the ego, or it will kill the mission.
  • #35,676
  • Nov 23, 2011 3:22pm Nov 23, 2011 3:22pm
damn should have taken the mid at 60. not taking the short now. heading home.

take care guys.
dreams do come true.
  • #35,677
  • Nov 23, 2011 3:38pm Nov 23, 2011 3:38pm
Quoting gatorinla
gonna try to sell at 3429/52
let c if there is another attempt in the roo session.
those who can, do. those who cant, talk about those who can
  • #35,678
  • Nov 23, 2011 3:49pm Nov 23, 2011 3:49pm
Quoting gatorinla
let c if there is another attempt in the roo session.
a run to 1.34 would b nice.....
  • #35,679
  • Nov 23, 2011 3:55pm Nov 23, 2011 3:55pm
slow down euro SLOW DOWN!!!

Inserted Video
  • #35,680
  • Nov 23, 2011 3:59pm Nov 23, 2011 3:59pm
Quoting needpips
a run to 1.34 would b nice.....
im not going to long it. but i will add some shorts on the spikes.
those who can, do. those who cant, talk about those who can
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