shortorlong
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tempted t place a limit order sell at 630cash but not brave enough . trying not to erode my gains so far ..
shortorlong
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geeze . I would have been stopped out already
Dinos
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I'm now out, closed position at 39 for +12, really don't like trading these type of situations, to easy to get caught out.
OK trading day for me:
Closed short on UK Banking sector for +233
DAX +24
DAX (0)
CAC +10
DOW +5
Dow +12
Overall +284
Still long Northern Rock from 270
Off to flick between the chelsea and liverpool games, may pop back later to see how we go into the finish
Good luck all
OK trading day for me:
Closed short on UK Banking sector for +233
DAX +24
DAX (0)
CAC +10
DOW +5
Dow +12
Overall +284
Still long Northern Rock from 270
Off to flick between the chelsea and liverpool games, may pop back later to see how we go into the finish
Good luck all
lurkerlurker
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Yeah. I just got stung for -7 trying to short that. Net +19 for the day. Stopping here.
Pearlz of Wisdom
50bp cut to be pre-emptive probly says things are very bad..... i.e eco data will likely get worse ... before fed meets again on Halloween.
Near Term
Investment banks have to come clean about the balance sheet damage in coming days.. this pop will be stress tested....
50bp cut to be pre-emptive probly says things are very bad..... i.e eco data will likely get worse ... before fed meets again on Halloween.
Near Term
Investment banks have to come clean about the balance sheet damage in coming days.. this pop will be stress tested....
Atilla
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Bad day for me today. Got stopped out.
I'll be looking to short but question is timing as said before. Could this continue until xmas?
Look at the price of Gold too. Really kicking my self for not having faith in the metal.
Watching the markets storm ahead fwiw I think this .50 cut plus gobledegook on maintaining growth is all very wrong. .25 would have been more appropriate. It's all going to end in tears.
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Dinos
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Liverpool drawing 1:1, Chelsea Losing 1:0, music to my ears, my team Arsenal play tomorrow, sorry I digress
Really no rational to these markets:
FED/FOMC RESULT: Eased Fed funds target -50bp to 4.75%, eased DR -50bp
to 5.25%, statement says "will act as needed to foster price stability
and sustainable econ growth" Votes are both unanimous, 10-0.
-
Statement: "Tightening of credit conds has the potential to intensify
the hsg correction and to restrain econ growth more generally. Action is
intended to help forestall some of the adverse effects on the broader
econ that might otherwise arise from the disruptions in fin mkts and to
promote moderate growth over time. Readings on core infl have improved
modestly this yr. However, the FOMC judges that some infl risks remain,
and it will continue to moinitor infl developments carefully." DR cut
was requested by 7 of 12 Fed banks.
Intrepretation: We've F**ked up, if we cut rates a fair bit, you may not notice to much!
Looking towards a possible overnight short if we don't finish on a high, if we do, there may be some follow through tomorrow.
Really no rational to these markets:
FED/FOMC RESULT: Eased Fed funds target -50bp to 4.75%, eased DR -50bp
to 5.25%, statement says "will act as needed to foster price stability
and sustainable econ growth" Votes are both unanimous, 10-0.
-
Statement: "Tightening of credit conds has the potential to intensify
the hsg correction and to restrain econ growth more generally. Action is
intended to help forestall some of the adverse effects on the broader
econ that might otherwise arise from the disruptions in fin mkts and to
promote moderate growth over time. Readings on core infl have improved
modestly this yr. However, the FOMC judges that some infl risks remain,
and it will continue to moinitor infl developments carefully." DR cut
was requested by 7 of 12 Fed banks.
Intrepretation: We've F**ked up, if we cut rates a fair bit, you may not notice to much!
Looking towards a possible overnight short if we don't finish on a high, if we do, there may be some follow through tomorrow.
Atilla
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Short again at 13701. No SL.
counter_violent
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With dow around just 2.5% from All Time Highs ......... the credit crunch crisis would appear to have been an elaborate con ... to the untrained eye...
hi,
i really cant say much but the following
FED statement post FOMC
http://www.federalreserve.gov/newsevents/press/monetary/20070918a.htm
and disected:
fine, we knew it was goin down
OK, we admit, we dunno how to play chicken. we are bailing out investors
means, mind the 10 year treasury, that will tell you what the market thinks is the future of inflation
we dont know if we have bailed out investors and started an inflationary spiral, or if we need more rate cuts
rest of statement
i really cant say much but the following
FED statement post FOMC
http://www.federalreserve.gov/newsevents/press/monetary/20070918a.htm
and disected:
fine, we knew it was goin down
OK, we admit, we dunno how to play chicken. we are bailing out investors
means, mind the 10 year treasury, that will tell you what the market thinks is the future of inflation
we dont know if we have bailed out investors and started an inflationary spiral, or if we need more rate cuts
rest of statement
Atilla
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Inflationary spiral has my vote.
I may have been premature on getting on board but still on board.
Expecting a retrace back down to 13660 levels. That's 23% pull back to test strength of this rally.
I'm getting a vision that the big poker players (gun slinging cowboys the lot of em) are sitting round a table eyeballing each other wondering what other liabilities or exposures they have and the meaning of the Ace card just dealt to them.
Do they fold or raise the stakes. Let's think about the odds.
What's on the table?
-----------------------
Lower rates, more liquidity, twin budget defecits, housing slow down (supposedly only 3% of the real economy and not impacting growth couple of months back), gold going up, Iran selling nuclear technology to Suriye. Israel hitting Suriye. Potential war on horizon against Iran. Oil at $80. Dollar in free fall.
Where is the pot? Aaaarrrrrrrgggghhhh. There is no money in the pot. Only risks and liabilities.
I fold!
Just goes to show I'm shorting and losing. What do I know?
Pat494
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I fold!
Just goes to show I'm shorting and losing. What do I know?
I dont know where you studied economics Attila but just from my own experience it would have done my bank balance a lot more good if the angle was not - what to do for the country but what impact their decisions will have on the market. I can just see my old economics prof turning in his grave at the very thought LOL
Pat494
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Just got an email from Fins about a course they are running for traders given by Bo Yoder ( wasn't that the little guy training Jedai warriors from Star Wars ? ) - only £299. Think I might give it a miss but dont let me put you guys off it !
I'm getting a vision that the big poker players (gun slinging cowboys the lot of em) are sitting round a table eyeballing each other wondering what other liabilities or exposures they have and the meaning of the Ace card just dealt to them.
:
think they thank the waiter for the free round of drinks and ask for more 
