Trader Joe Posted October 12, 2008 Report Share Posted October 12, 2008 Rumor: SEC will halt trading in all bank stocks for an indeterminate period of time starting next week. Bush: This rumor is unfounded and the US will be open for business tomorrow and we will work through the current economic issues. Trader Joe: Blow me!!!! Link to comment Share on other sites More sharing options...
Private Skidmark Posted October 12, 2008 Report Share Posted October 12, 2008 a default would be a declaration of war. 699462[/snapback] War is peace. Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 12, 2008 Report Share Posted October 12, 2008 Aussie Buck MONSTER gap up... Link to comment Share on other sites More sharing options...
Ageka Posted October 12, 2008 Report Share Posted October 12, 2008 Can private citizens own rifles in Belgium? 699456[/snapback] I think you have to belong to a club and get training and get a police permit you have to pay for etc . Or you have to buy a hunting license and renew it yearly and get a police permit etc I had a compulsory year army training with FAL assault rifles and Vigneron mitrailettes but these days owning anything larger then a steaknife is a pain Of course gangsters do not have that problem TV shows lots and losts of heavy guns found in one apartment a few times per year Link to comment Share on other sites More sharing options...
capitall Posted October 12, 2008 Report Share Posted October 12, 2008 Aussie Buck MONSTER gap up...? ? ? 699469[/snapback] I can't imagine why anyone would hold any trades over the weekend in this atmosphere. If U ever retire from being a trader, KW, you should teach Spaghetti classes-- maybe later when the volatility calms down. Right now, there are only 3 or 4 people-- maybe you and Suds and Madness and Fx Fox-- who are quick enough to trade using millisecond charts like U have to. Congrats on your great work on Friday, and thanks for posting the fascinating spaghetti charts. Link to comment Share on other sites More sharing options...
fxfox Posted October 12, 2008 Report Share Posted October 12, 2008 Aussie Buck MONSTER gap up... 699469[/snapback] no wonder, look for example at EUR/AUD weekly chart and look at last weeks candle, that actually looks like a bad tick... Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 12, 2008 Report Share Posted October 12, 2008 I can't imagine why anyone would hold any trades over the weekend in this atmosphere. If U ever retire from being a trader, KW, you should teach Spaghetti classes-- maybe later when the volatility calms down. Right now, there are only 2 or 3 people-- maybe you and Suds and Madness-- who are quick enough to trade using millisecond charts like U have to. Congrats on your great work on Friday, and thanks for posting the fascinating spaghetti charts. 699471[/snapback] Aussie Trade was just plain gut instinct...technicals were mostly out the window on that one, although we did have some very short term divergences on the last low on Friday. Just way way way overdone to the downside short term...and I figured it would bounce with the market. here's a chart for those who don't follow it....insane armageddon selloff... Link to comment Share on other sites More sharing options...
joe3pack Posted October 12, 2008 Report Share Posted October 12, 2008 He who has the guns and lead gets the gold. 699455[/snapback] i'm not the apocalyptic type (if it comes, all i'll have are my family, wits, and nunchux), but it seems that in a social meltdown, ALL asset classes will go to those with guns--food, water, shelter, energy, not-so-precious-metals, radioactive fallout treatment kits, vehicles, additional guns, etc. i hope my family never sees such times, and i doubt we will, but if it comes, methinks that any twitchy debate over gold versus paper will be held over your encampment's cooking fire, not on any online forum. Link to comment Share on other sites More sharing options...
alceringa Posted October 12, 2008 Report Share Posted October 12, 2008 The Australian Gubmint is backstopping ALL bank deposits for 3 years. That's prolly the reason for the bounce in the Aussie. http://www.bloomberg.com/apps/news?pid=206...refer=australia Link to comment Share on other sites More sharing options...
Captain's Log Posted October 12, 2008 Report Share Posted October 12, 2008 My chart skills are very basic, and I tend to use only the simplest things. 699445[/snapback] Stevieo : Mine are even simplier. My purchasing decisions are based on Head or tails. Link to comment Share on other sites More sharing options...
stevieo Posted October 12, 2008 Report Share Posted October 12, 2008 Stevieo : Mine are even simplier. My purchasing decisions are based on Head or tails. 699476[/snapback] You should apply for a job at the Fed, or maybe JPM. Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 12, 2008 Report Share Posted October 12, 2008 Stock futures on deck.....let's see if we get da gap there as well Link to comment Share on other sites More sharing options...
stevieo Posted October 12, 2008 Report Share Posted October 12, 2008 The Australian Gubmint is backstopping ALL bank deposits for 3 years. That's prolly the reason for the bounce in the Aussie. http://www.bloomberg.com/apps/news?pid=206...refer=australia 699475[/snapback] I think the whole world will announce this on Monday morning. The G7 is talking about guaranteeing all interbank loans worldwide. This basically means that a bank can lend any asset at any price to another bank and its guaranteed. It seems to me that this implies a guarantee on the balance sheet of every bank. The only way for a bank to lose your deposits is to write something off. So, remove mark to market, and you effectively have a guarantee on all deposits. If I ran a bank under these circumstances, I'd lend out all of my assets and use the funds to borrow any old crappy assets from another bank. This way, everyone's assets are guaranteed. Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 12, 2008 Report Share Posted October 12, 2008 up 20 on da spoos Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 12, 2008 Report Share Posted October 12, 2008 25.... Link to comment Share on other sites More sharing options...
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