ChicagoBear Posted November 16, 2009 Report Share Posted November 16, 2009 Crystal blue balls futuristic prognostickometer sees SP between 1100 and 1090 by the end of the day. I'm still holding short, but losing my grip. Remember, I'm a great fade. Isn't there some super unimportant Burnanke speech today? I'm going out - need to get the damn roller ball on the Crackberry fixed. I've only had it 9 months, and I barely use it. What a POS. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2009 Report Share Posted November 16, 2009 New mr. widget had a resistance line at 1111 also. http://wallstreetexaminer.com/mr-widget-a-...or-day-traders/ Link to comment Share on other sites More sharing options...
potatohead Posted November 16, 2009 Report Share Posted November 16, 2009 warning....... DJ ECB Nowotny: Some EMU Members Are Having Equilibrium Problems VIENNA (Dow Jones)--Euro-zone members with large external imbalances need to start making policy-driven economic adjustments "as soon as possible," Ewald Nowotny, a member of the European Central Bank's Governing Council, said Monday. "It's necessary for those countries that are experiencing equilibrium problems to start fiscal and economic discipline," Nowotny said on the sidelines of a conference here, hosted by the Austrian central bank, which he governs. Nowotny's remarks came as spreads on Greek government bonds, the weakest sovereign debt of any euro-zone member, widened sharply. Link to comment Share on other sites More sharing options...
Jimi Posted November 16, 2009 Report Share Posted November 16, 2009 Is there any talk in the main stream media yet that the days of the cheap Chinese imports for the holiday seasons may be over; so, everybody better rush out now to lock in supply and prices? The death of the dollar cannot be good for all those high end import cars. When will the populace in the US realize this? I know they first have to see some inflation in prices. I'm not sure dollar weakness = price inflation anymore, so you may be waiting a long time. It did when the U.S. produced the goods that we consumed: dollar weakness afforded domestic producers pricing power without foreign producers capacity to compete. This was in the 1970s. Now, it just means diminished domestic consumption/wealth/standard of living and/or thinner foreign margins. Not goods/service inflation. Once the vendor financing qua FCB recycling ends - effectively, a consumer subsidy - we'll realize how poor we are as a nation on an income basis. Weak income = weak price inflation. The curtailment of that FCB recycling will also curtail the inflation where it's resulted the past two decades: in asset prices. Link to comment Share on other sites More sharing options...
Lemur Posted November 16, 2009 Report Share Posted November 16, 2009 Silver still climbing but on decreasing volume. Can they really keep it up here for long? Have not taken my stop yet. Link to comment Share on other sites More sharing options...
Sudaca Posted November 16, 2009 Report Share Posted November 16, 2009 ... Link to comment Share on other sites More sharing options...
patents Posted November 16, 2009 Report Share Posted November 16, 2009 I'm not sure dollar weakness = price inflation anymore, so you may be waiting a long time. It did when the U.S. produced the goods that we consumed: dollar weakness afforded domestic producers pricing power without foreign producers capacity to compete. This was in the 1970s. Now, it just means diminished domestic consumption/wealth/standard of living and/or thinner foreign margins. Not goods/service inflation. Once the vendor financing qua FCB recycling ends - effectively, a consumer subsidy - we'll realize how poor we are as a nation on an income basis. Weak income = weak price inflation. The curtailment of that FCB recycling will also curtail the inflation where it's resulted the past two decades: in asset prices. A BMW produced in Germany or a Lexus produced in Japan has to cost more (inflation) in the US based on the dollar weakness unless the manufacturer gets a subsidy from some government or they accept lower profits in their own countries due to currency conversion. Where is this logic wrong? Link to comment Share on other sites More sharing options...
TenaciousG Posted November 16, 2009 Report Share Posted November 16, 2009 I refuse to participate in this POS merkit! As such, I share with you my Awkward Family Photos - we all got them but sure as hell not letting them get on this site. Awkward Family Photos Link to comment Share on other sites More sharing options...
Ags Nightmare Posted November 16, 2009 Report Share Posted November 16, 2009 EUR/USD making lower highs..bought some NEM puts Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2009 Report Share Posted November 16, 2009 They blew the doors off on the size of the 4 week bill, just as I prognosticated. (It wasn't hard. Only have to look at collapsing tax receipts.) $32 billion instead of $26 billion forecast by TBAC. However, there's no CMB announcement. Am I missing something here? If they don't roll it, they could blow the roof off this market. Gotta go for awhile. Later! Link to comment Share on other sites More sharing options...
Trader Joe Posted November 16, 2009 Report Share Posted November 16, 2009 Run Junker......RUN!!! Link to comment Share on other sites More sharing options...
dogsie Posted November 16, 2009 Report Share Posted November 16, 2009 A BMW produced in Germany or a Lexus produced in Japan has to cost more (inflation) in the US based on the dollar weakness unless the manufacturer gets a subsidy from some government or they accept lower profits in their own countries due to currency conversion. Where is this logic wrong? Why I am still in the deflation camp-higher prices can force the consumer to buy less or buy less expensive things, instead of BMW and Lexus, how about VW and Toyota or a Ford. Link to comment Share on other sites More sharing options...
specie Posted November 16, 2009 Report Share Posted November 16, 2009 If they don't roll it, they could blow the roof off this market. Which "Market"? Link to comment Share on other sites More sharing options...
patents Posted November 16, 2009 Report Share Posted November 16, 2009 A BMW produced in Germany or a Lexus produced in Japan has to cost more (inflation) in the US based on the dollar weakness unless the manufacturer gets a subsidy from some government or they accept lower profits in their own countries due to currency conversion. Where is this logic wrong? I apologize for following-up on my earlier response, but I just realized why all this nonsense keeps bugging me. In my own personal experience as a small business person, I frequently have to pay invoices from and receive payment on invoices to foreign businesses. More of those businesses are invoicing in their local currencies. That means when there is a US dollar movement lower during the period between receipt of foreign invoice and collection from our client, I either have to substantially raise currency conversion costs (inflation to the client) or else absorb a loss on the transaction (which has happened). So unless major businesses have constantly bet against the dollar for months now, they have to be suffering the same currency issues as we are assuming again that there are no government subsidies distorting the business transaction. I understand that our being a small business has different rules than the big boys, but the ordinary laws of economics generally assume a simplified set of model constraints. Link to comment Share on other sites More sharing options...
crooked_analyst Posted November 16, 2009 Report Share Posted November 16, 2009 Why do I feel like Ben is gonna say somethig to reverse this market.... or at least kick me in my gold portfolio? Link to comment Share on other sites More sharing options...
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