The End Posted August 2, 2004 Report Share Posted August 2, 2004 $ is being handed its head! Over the long term Brian, The one thing I am most confidant in is a weak Doo-lar. Over the long term the one thing I am confident about is lower on all the fiat currencies. In my opinion they're all fish wrap. All will go lower in time against real money. Yes, But, The Doo-lar should drop faster against all other fiat currencies in that it went up more against them in the past. Link to comment Share on other sites More sharing options...
traderfromhell Posted August 2, 2004 Report Share Posted August 2, 2004 $ is being handed its head! Over the long term Brian, The one thing I am most confidant in is a weak Doo-lar. Over the long term the one thing I am confident about is lower on all the fiat currencies. In my opinion they're all fish wrap. All will go lower in time against real money. Yes, But, The Doo-lar should drop faster against all other fiat currencies in that it went up more against them in the past. You could be right but is the Swiss Franc the bastion of all that is good the way it was 30 years ago? The disease has spread far and wide. Link to comment Share on other sites More sharing options...
The End Posted August 2, 2004 Report Share Posted August 2, 2004 $ is being handed its head! Over the long term Brian, The one thing I am most confidant in is a weak Doo-lar. Over the long term the one thing I am confident about is lower on all the fiat currencies. In my opinion they're all fish wrap. All will go lower in time against real money. Yes, But, The Doo-lar should drop faster against all other fiat currencies in that it went up more against them in the past. You could be right but is the Swiss Franc the bastion of all that is good the way it was 30 years ago? The disease has spread far and wide. That is what makes a market. I will remain short the us $ via Global bond funds and PM's. Link to comment Share on other sites More sharing options...
Hiding Bear Posted August 2, 2004 Author Report Share Posted August 2, 2004 I'm wondering if this is one of Buddhadropping's famous Plutocrat Scare Plays where bogus terror threats are manufactured to provide Al Leeson an excuse to gas up the helicopters and start dropping loads of green into the Speculative Arena. If we fail to move down big on Monday, then you know that the Election Erection has sprung. If the threats are real, and we go into a Dive Mode, then Al Leeson has lost control and the Bears can claim victory over the Orwellians....... We'll see............. I'm ready to play it either way........... I'm ready to play both ways, but the longs are energies and PMs and the short the market in general. The Fed is already attempting to accelerate money growth (without success yet) and just needs a small excuse to go faster. It will soon become apparent to all (in one or two months) that the Fed is actually easing money - raising rates is just a token cover response to the hyperinflationary expansion rate of the world money supply in the first quarter. The Fed won't be able to stop a crash if one evolves, just like they couldn't reopen the markets after 9/11. A crashing dollar might start a market crash. Don't think we are quite there yet but things could change rapidly. Link to comment Share on other sites More sharing options...
brian4 Posted August 2, 2004 Report Share Posted August 2, 2004 FWIW- I am a buyer of Gold Stocks at the open, they were ready to bottom and with the $ getting pounded and the metal up, I think we are there. Link to comment Share on other sites More sharing options...
beardrech Posted August 2, 2004 Report Share Posted August 2, 2004 NYC is already at orange does this mean going to red? Government Considers Raising Threat Level 11 minutes ago By JENNIFE R C. KERR, Associated Press Writer WASHINGTON - The government is considering raising the threat level in Washington and New York City and for financial companies, a Homeland Security Department official said Sunday. http://story.news.yahoo.com/news?tmpl=stor...s/terror_threat I've noticed that some of the talking heads on the majors,Peter Jennings for sure,have dyed their hair the color of emergency orange; whether out of vanity or simply adding this as a way of adding excitement for their diminishing viewership I know, not but in the light of exterior shots it makes them look hideous; especially when their color blind studio-valets fails to match their sports jackets to hair beardrech :cry: I also heard a terrorr fimacial anal cyst predict a three digit downdraft at the opening attributed to the alert-giving an allibi to Big al and company Link to comment Share on other sites More sharing options...
BeerMarket Posted August 2, 2004 Report Share Posted August 2, 2004 interesting timing: Study: Fear shapes voters' views "In one we asked half the people to think about the September 11 attacks, or to think about watching TV," Solomon said. "What we found was staggering." When asked to think about television, the 100 or so volunteers did not approve of Bush or his policies in Iraq. But when asked to think about Sept. 11 first and then asked about their attitudes to Bush, another 100 volunteers had very different reactions. "They had a very strong approval of President Bush and his policy in Iraq," Solomon said. so apparently Kerry needs to get the voters to think about TV Link to comment Share on other sites More sharing options...
beardrech Posted August 2, 2004 Report Share Posted August 2, 2004 Budget cuts mean layoffs for S.F. city workersLocal governments to feel pinch until '06 under deal with state http://www.sfgate.com/cgi-bin/article.cgi?...MNGJS80UTP1.DTL San Mateo County's managed care system is near bankruptcy and the Alameda Alliance for Health recently dropped 4,000 people due to funding cuts. http://www.sanmateocountytimes.com/Stories...2308108,00.html Sled To add to your list of unemployment woes: I had to downsize my household so I fired my wife---and revealed my affair with her replacement: an equadorian midget- My wife was shocked and began to shed a vale of tears, but I finally managed to get her to the door whereupon she grabbed the knob with death grip strenghth and intensity No matter what I said she absolutely refused to see the logic of my position, but finally she saw how hopeless it was, and with a sad smile she bid me a tearfilled Adieu saying "Thanks for an exploitation and fun-filled marriage;I wouldn't have missed it for the world" beardrech :cry: BD who so glum;its over she's gone -----------Oh it was that little note of sarcasm as she left--it really pissed me off- why did she have to spoil the leaving when evrything was going so well? Link to comment Share on other sites More sharing options...
Guest Icky Twerp Posted August 2, 2004 Report Share Posted August 2, 2004 Housing: Bets are off Valley builders shoo buyers looking for quick buck Glen Creno and Catherine Reagor Burrough The Arizona Republic Aug. 1, 2004 12:00 AM Home builders are fighting back against investors targeting metro Phoenix as a new place to make a quick buck buying and selling houses. Enticed by fast-escalating home values, investors are lining up to buy houses in bunches. They'll either rent them while values increase or make a fast sale and move on. But builders are cracking down, limiting the number of homes they will sell to investors or shutting them out completely. They're worried that too many rental houses can diminish neighborhoods, and they don't want to see for-sale signs lining brand-new streets of communities still under construction. Another worry: Rampant speculation can drive up prices, making it more difficult for rank-and-file home buyers to afford a new house and contributing to a price bubble that could burst if demand falls and investors sell in mass, killing property values. "We really don't want to look down the street and see a sea of for-sale or lease signs," said Carolyn Morrison, vice president of sales and marketing for Beazer Homes in Arizona, which is banning investor sales other than deals for certain model homes, which the company leases back. "We don't build homes to increase people's investment portfolios or to increase their net worth. We build to create neighborhoods. We need to keep that as a primary focus." Link to comment Share on other sites More sharing options...
Guest Icky Twerp Posted August 2, 2004 Report Share Posted August 2, 2004 Gee, this wasn't on the TV news. . . Iran restarts nuclear work Centrifuges can enrich uranium to weapons gradeAssociated Press TEHRAN, IRAN - A defiant Iran on Saturday said it had resumed building nuclear centrifuges, saying the move was retaliation for the failure of three European powers to get its file closed at the U.N. nuclear watchdog agency. The announcement by Foreign Minister Kamal Kharrazi hardened the lines between Iran and the United States, which has been pushing to take Iran's nuclear program to the U.N. Security Council. Kharrazi told a press conference that Iran has not resumed enriching uranium but was manufacturing centrifuges in response to the failure in June of Britain, Germany and France to help close Iran's file of possible nuclear nonproliferation violations at the International Atomic Energy Agency Link to comment Share on other sites More sharing options...
Guest Posted August 2, 2004 Report Share Posted August 2, 2004 Maybe AQ is short the US dollar. Link to comment Share on other sites More sharing options...
Guest Icky Twerp Posted August 2, 2004 Report Share Posted August 2, 2004 Jobs: Up to $110,000, free room and board But KBR work in Iraq includes 84-hour weeks at 120 degrees, spiders, scorpionsBy BILL HENDRICK Atlanta Journal-constitution ATLANTA - Halliburton Co., which has a $4.5 billion contract with the Pentagon for work in Iraq, said Tuesday that Atlanta proved its best city for recruiting workers, with the company snapping up 112 "high-quality" employees after a recent two-day job fair downtown. Halliburton has taken its job road show to 22 cities, and "Atlanta was the most successful," said Chris Ward, chief recruiter at the fair held in mid-July. Not only did Atlanta provide more workers than any city outside Halliburton's Houston home, it also offered up those with the best education and skills, Ward said. Oklahoma City came in behind Atlanta, with 100 hires. The Atlanta workers, chosen from about 400 applicants, will be sent to Baghdad in early September to work for KBR, the Halliburton division running the Pentagon contract. "We hired carpenters, equipment operators, welders, food service people, labor foremen, heating/air conditioning specialists, electricians, truck drivers, auto mechanics," Ward said. Most picked were in their mid-30s to late 50s, although applicants' ages stretched from 24 to 78. Salaries range from $60,000 to $110,000 a year for an 84-hour workweek. "It's about the same as working two jobs in the states. But then in Iraq, we pay for food and housing, and there are few expenses and not much to spend money on," Ward said. ... ... No surprise Economists said they weren't surprised that so many highly qualified middle-agers were recruited here. "Manufacturing is dominated by middle-age people, and that's what's been hit hardest in the Atlanta area," said Jeff Humphries, director of the Selig Center for Economic Growth at the University of Georgia. Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University, said, "When you are 45 or above, it's very hard to get a job. KBR knows there's a very dedicated labor pool here of people who are having trouble finding work. The recession is over, but it's not going to get much better as far as hiring goes. In fact, a lot of companies are still in a cost-cutting mode." Link to comment Share on other sites More sharing options...
Guest Icky Twerp Posted August 2, 2004 Report Share Posted August 2, 2004 Value first for second homes Many buyers look with an eye toward investmentBy ANDREA COOMBES Cbs Marketwatch SAN FRANCISCO - Second-home buyers face a double whammy when it comes to picking the right location: They must find a vacation spot they love in a real estate market with years of growth ahead. It's a challenge more homeowners are taking on as the investment potential of a second home looks better and better given low interest rates and a meandering stock market. Buyers purchasing their second homes primarily as investments rose to 37 percent in 2002 from 20 percent in 1999, according to the most recent data from the National Association of Realtors. While some second-home buyers don't intend to use the homes themselves, many others are eager to buy permanent residences at favorite vacation spots, if values are likely to rise. Link to comment Share on other sites More sharing options...
zensmoke Posted August 2, 2004 Report Share Posted August 2, 2004 Ten-Year Treasuries Advance in Asia After U.S. Raises Terror Alert Level Aug. 2 (Bloomberg) -- Ten-year Treasuries gained in Asia after the U.S. raised the terror alert level for financial institutions in Washington, New York City and northern New Jersey, citing intelligence on al-Qaeda plans. http://www.bloomberg.com/news/markets/bonds.html Link to comment Share on other sites More sharing options...
beardrech Posted August 2, 2004 Report Share Posted August 2, 2004 Link Every Newbie on the thread please read this, print it out and read it every day, make it your mantra...Great Stuff and note "Swing Trading carries more risk than Day Trading" and "Know your EXIT before you enter"...or as I put it let your stops take you out. Great piece! Brian I respect your trading skills enormously;but could you do some of us hard to teach slow learners a favor and write a little scenario--story book style-on how a typical trade of yours goes-- for example--[No kidding about the specifics] I light up a ciggy look at my screen,pick up the fone and say to my broker--I want to buy xyz option put for nearest month [spell out what a unit would cost please;is a minimum order 100 and the price] then how you order the stops [2 point trailing stop? or a straddle with differentiated stop--etc For instance if the option is happily going your way can you issue an order telling him to LOOSEN the STOPS AUTOMATICALLY as the play goesthe way you want--can you introduce very detailed orders like: If it moves up ten points change the direction to long or short with an even shorter stop on each side etc it almost seems to me that you can create your own robotic device without the expense and with more intelligence than hedghogs Prices examples would be most appreciated -- say in the Gold issues for example beardrech Bd Why so infantile;why do you have to be spoonfed? -----------Thats what i get for eaitng all those crabs--it was the bibs that spoiled me Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.