Attachments: Cesarnc's market talk, gossips, rumours & fun

Cesarnc's market talk, gossips, rumours & fun

#27,401
Jun 1, 2012 8:51am Jun 1, 2012 8:51am

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Quoting danc

Disliked

[I closed for 5 point loss..2 hard for me..

Ignored

.....I'm lock in +1 now let see if it goes this time.....

The Chonchy

#27,402
Jun 1, 2012 8:58am Jun 1, 2012 8:58am

roro53
Joined May 2007 | Status: Trader | 4,268 Posts

some interesting views from adam Button and J Coleman at ForexLive

Button;

The only way the trades were seeing right now make any sense is that it’s speculation about some kind of weekend action. That’s an extreme longshot.

The market is dumping dollars on QE3 expectations but it’s not the right trade, right now.

First off, it’s premature. There have been several weakish data points but nothing to indicate plunging growth.
There has been no hint from a core Fed member that action is coming, just the opposite.
QE isn’t going to save the economy. Businesses aren’t hiring because of fears about Europe, China and the fiscal cliff. That’s what needs to be solved.
Yields are at record lows. The market is doing the Fed’s work and more QE would stoke longer-term inflation fears and commodity-price inflation

A growth-sensitive, US-sensitive currency like CAD is especially at risk at the moment. The rate check and flows (possibly from the SNB) have the market confused. The story right now is economic weakness. It’s a simple trade or risk assets, no need to make it more complicated than it is.

Coleman;

IS the BOJ concerned about USD/JPY? You bet. Will they intervene in the face of tumbling global interest rates and massive risk aversion? Not if they have a brain in their heads…Perhaps when the situation improves, but to intervene now would be pissing into the wind, to put it bluntly.

Odds of QE leap......But so what?

Selling the dollar on the prospect of more Fed ease is a mugs game.

The Fed can buy all the bonds outstanding but if the money generated by those purchases does not work its way into the monetary system, it doesn’t make a ripple. That’s the way it has worked for the last three years and it is unlikely to change any time soon.

#27,403
Jun 1, 2012 9:34am Jun 1, 2012 9:34am

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Quoting roro53

Disliked

some interesting views from adam Button and J Coleman at ForexLive

Button;

The only way the trades were seeing right now make any sense is that it’s speculation about some kind of weekend action. That’s an extreme longshot.

The market is dumping dollars on QE3 expectations but it’s not the right trade, right now.
[list=1][*]First off, it’s premature. There have been several weakish data points but nothing to indicate plunging growth.[*]There has been no hint from a core Fed member that action is coming, just the opposite.[*]QE isn’t going...

Ignored

........The feds buying the bonds, sounds to me like me printing counterfit money and buying gold with it and thelling the poeple that I'm buying the gold becuase it needs to be destroy because is infested with a deadly virus, or some like that........

The Chonchy

#27,404
Jun 1, 2012 9:35am Jun 1, 2012 9:35am

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Quoting 45Condor

Disliked

Stopped on the GU long from last night, but took another just after NFP/PA on major support/Fib type thing. Riding 122 green at the time of writing.

Stops to BE, and let this ride.

Gold storming!!!

Ignored

......good catch four five......congrats..

The Chonchy

#27,405
Jun 1, 2012 9:53am Jun 1, 2012 9:53am

smikester
Joined Mar 2007 | Status: Trader | 8,618 Posts

NASA found cats on the moon.

This is why the Egyptians worshipped cats:

Attached Image (click to enlarge)

Click to Enlarge

Name: nasa-cat-moon-apollo-astronaut-space-kitty-demotivational-poster-1247159827.jpg
Size: 85 KB

Gone to a better place

#27,406
Jun 1, 2012 9:54am Jun 1, 2012 9:54am

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

.........so what do we make of all this ordeal we went up and down, but the song remain the same, daily weekly and monthly are in the same spot, so.......

The Chonchy

#27,407
Jun 1, 2012 9:55am Jun 1, 2012 9:55am

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Quoting smikester

Disliked

NASA found cats on the moon.

This is why the Egyptians worshipped cats:

Attachment

Ignored

.......and notice the foot prints in front of the cat, some body was there before us......

The Chonchy

#27,408
Jun 1, 2012 10:14am Jun 1, 2012 10:14am

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

....with all the bad data from US and this thing doesn't go up.......some is cooking here......or is too much indesicion....

The Chonchy

#27,409
Jun 1, 2012 10:19am Jun 1, 2012 10:19am

smikester
Joined Mar 2007 | Status: Trader | 8,618 Posts

Quoting roro53

Disliked

some interesting views from adam Button and J Coleman at ForexLive

Button;

The only way the trades were seeing right now make any sense is that it’s speculation about some kind of weekend action. That’s an extreme longshot.

The market is dumping dollars on QE3 expectations but it’s not the right trade, right now.
[list=1][*]First off, it’s premature. There have been several weakish data points but nothing to indicate plunging growth.[*]There has been no hint from a core Fed member that action is coming, just the opposite.[*]QE isn’t going...

Ignored

Well that makes me happier. The big spike after NFP nearly took me out of my Cable shorts and made me wonder about my Yen longs, but I'm holding until next week and some better news. I think the fed knows that more QE is not really going to help now.

It takes us back to the discussion we had over a month ago when you asked for a money bomb. Well - we still need one. The opposite of what was done in the 1930's is not necessarily the right thing to do.

In the words (roughly.. 45 can you help me here?) of Mervyn King "The effects of QE are not measurable, but preferable to none at all."

There speaks a banker, protecting his fellow bankers. I think they should be closed when they are bankrupt. (Bank = heap... rupt = ruptured or broken). Why should taxpayers continue to employ this dead wood?

Ooops! There goes a rant...

Have a beer on Angela Merkel

(Removed)

I actually like Angela Merkel but I couldn't resist posting this... Sorry Mrs Merkel.

Here's a better one:

Attached Image

Have a great weekend.

Gone to a better place

#27,410
Jun 1, 2012 10:31am Jun 1, 2012 10:31am

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Quoting smikester

Disliked

Well that makes me happier. The big spike after NFP nearly took me out of my Cable shorts and made me wonder about my Yen longs, but I'm holding until next week and some better news. I think the fed knows that more QE is not really going to help now.

It takes us back to the discussion we had over a month ago when you asked for a money bomb. Well - we still need one. The opposite of what was done in the 1930's is not necessarily the right thing to do.

In the words (roughly.. 45 can you help me here?) of Mervyn King "The effects of QE are not...

Ignored

.......

thank for the beer smikester, have one yourself.......

http://ts4.mm.bing.net/th?id=I4801426135582359&pid=1.1

The Chonchy

#27,411
Jun 1, 2012 10:32am Jun 1, 2012 10:32am

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

.......that was mean if you don't have any at home ah..........

here is another one lol......sweating.........

http://ts1.mm.bing.net/th?id=I4605378055504980&pid=1.1

The Chonchy