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World Stock Markets Trading Discussion - Honeyed hyperbole


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big.chart?nosettings=1&symb=AU%3AXAO&uf=

http://bigcharts.mar...com/default.asp

 

 

All Ords drifted down a touch in the last part of the trading day to finish +0.2%.  Sectors ranged from Healthcare +0.8% down to Telecomms -0.9%.

Over in Asia, China -1.1%, Hong Kong -0.8%, Japan +1.1%, India currently -0.4%.

 

 

On to UK/Europe:

 

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

 

big.chart?nosettings=1&symb=DX%3ADAX&uf=

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

 

http://bigcharts.mar...com/default.asp

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AMERICAS TRULY WONDERFUL MORTGAGE MARKET

 

In the USA of A Uncle Sam dresses up as Santa Claus every day of the week for the American Home Buyer

 

He takes away all the risk, hurt and pain with wonderful 30 Year fixed rate mortgages

 

and no need for a deposit....97% financing!!!!!!! .

 

However the risk is not destroyed.....no no no.... it is merely transferred to a BAG HOLDER

 

Who it this BAG HOLDER you might ask????

 

Well through the magic of Freddie and Fannie its the US Taxpayer

 

(Well really right now the holder of US treasuries given the Governments taste for deficit financing).

 

What could go possibly Wrong?????

 

Subprime 2.0 perhaps????

 

Its gets even better

 

Because the banks got so burned in subprime 1.0 they are letting the non bank lenders with no capital take on the task of originating and servicing the loans

 

Isn't  that nice of them

 

No more nasty fines from the government or write downs if all the loans go suddenly south.

 

Well except for the NBL's that is,

 

But by then the Government will just be an unsecured creditor in the Bankruptcy courts.

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38% of houses are sold today without the buyer even seeing the joint.

 

over here in screw jersey our palace is now valued 5% below the

buying price, and that was at the bottom 5 years ago. they're calling

for another 20% drop thanks to the tax giveaway to corporations.

 

 

For the 5  of you here who might not get the reference. They guy in front, Milo, is the ultimate entrepreneur.  Privatizing his quartermaster duties for a bomber group, via a 'corporation', M&M.  He contracted with the Germans to bomb the groups own airbase, which killed Nately. 

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Looking for 2840-2860 as potential stopping points.

 

 

Madness your patience seems to be the best trade.....Me jumped back in short again too soon essentially SPY@2700 with:

 

AMZN short@ 1491.00

Long UVXY now @17.50 average

SQQQ @17.50 average

 

All under water and will add into any market moves higher......

 

No one thinks no one believes but I am with Doc in that we have entered a true Bear and this stage will get real ugly real fast.......

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