Sunday, September 21, 2008

Yes, You Like What You See


Even a naked EYE can see that SHEKEL topped exactly the week of SEPT as the chart published year ago, has prescribed.
Whatever it is doing is not different from the prescription.

Do not keep it secret. Please tell your friends, neighbours, anybody you can. Let them enjoy the free information that is available here. More Readers Will Bring More Subscribers and you will have More free information too. Thank you. Use this Site in good Financial and Real Health.

26 comments:

אנטי-סופיטליסט said...

Hi Boris, we are having a beautiful weekend here in ohio, Picked a couple bushel of grapes and 12 bushels of apples to make that stuff I make. Did you say earlier that there is more than a 50% chance to retest the lows again soon or is it safe to start taking some positions. I know what the MDS says. I am always leary of holding anything for more than a week. Even with the wallstrret bail out we still have inflation and losing jobs by the thousands. It is not good here in the united socialist states of america. Waldo.

John said...

Waldo,

Great weekend weather wise in chicago. Saturday I helped the wife with her bowling- she teaches handicapped kids how to bowl on saturdays twice a month. Sunday-Went to the Cubs game with the wife and had a great time. Cubs won.

Boris

Most of my friends are 55 plus and have given up on the market. The last couple of weeks have been rough and the ones I can talk to have all gone to a "safe" bank with their savings.

old john

boris said...

Dear Waldo,
I hear you brother.
I do.

Incredible what is going on in our beloved USA, but with SOPITALISTS what do you expect.

Do you think they would go back and take hundreds of millions from scamsters that fattened themseleves on faulty earnings, for which we are on the hook to purchase all toxic staff now from the failing institutions?

How they dear to do this.
Is not there a person in USA who cares anymore.

WHo can go out there like it used to be in 60s and fight for what is ours?

Good Trading

boris said...

Dear John,
Thank you.
God Bless your wife and you.
Good Trading

אנטי-סופיטליסט said...

Boris,

Can you comment about how long the crash of JPY may continue on the protected site?

Thanks

Bob

tim9lives said...

Dear Boris,,,,Something to think about.
The thing that gets me is we are talking about the 700 billion to bail out Wall Street Banks,,,,,

Now,,,they say that all credit markets have frozen,,,,and the market is in the multi trillions.

Also,,,what we are told is that the Sub-prime market has caused all of this. Sub Prime mortgages are only a small percentage of all mortgages.

Currently there are about 44 million mortgages in the U.S., and less than 14 percent of them are sub-prime. And only about 13 percent of those are late on payments, with the majority of late payers working through their problems with the banks.

So, all in all, when you work through the details and get down to the number that really matters, only about 0.6 percent of U.S. mortgages are currently in foreclosure. That’s up a hair from roughly 0.5 percent last year. That’s it.

Actually, that’s not it. Things are actually better than the numbers suggest, since sub-prime-mortgage homes are less expensive than prime-mortgage homes. This makes sense. Wealthier people, generally, can afford costlier homes than less-wealthy people. The recent sub-prime surge brought large numbers of moderate-income families into the home-ownership market, and their houses are less expensive than most. Therefore, the dollar impact of the sub-prime default is smaller than if it were a prime default.

With approximately 254,000 mortgages in foreclosure at the moment — up from roughly 219,000 last year — the sub-prime meltdown has given us an increase of 35,000 mortgage foreclosures over the last quarter. Since the average sub-prime mortgage clocks in at almost exactly $200,000, we’re looking at an approximate $7 billion increase in foreclosed value in the first quarter of this year.

OK,,,if that''s the case,,,why didn't they just pay up these loans,,,,bail out the homeowners with some sort of program administered by HUD,,,have the USA Federal government make up the difference between what the homeowner can't pay.
Or worst case,,,just pay off every loan,,,,,so,,,since they did not and are not,,,that tells me someone is full off cr#p about what is really behind all of this.

I just don't believe the explanation of sub prime loans causing world wide banking crisis.

boris said...

Dear Bob,
See Psite
Good Trading My Dear Friend

boris said...

Dear Bob,
See Psite
Good Trading My Dear Friend

tim9lives said...

Dear Boris,,,I understand what happened is their Ponzi game of derivatives is what has collapsed,,,but they don't want to tell us that.
Anyway,,this is a good description of the mess,,,along the same lines.
Take care my friend- Tim
http://openthread.dailykos.com/storyonly/2008/9/22/04016/0116/27/606115

Daily Kos,Stop with the Sub Prime Lies

tim9lives said...

dailykos.com/storyonly/2008/9/22/04016/0116/27/606115

boris said...

Dear Tim,
This is bailing fat cats.
When subprime does not sell,
Prime does not sell, no upward mobility.

I this entire things was so simple.
Besides. It is not about housing it is about LIE , that can be only thing expected from SOPITALISTS.

Who were apparetnly most impressed with Bernanke , Paulsen scare?

NY and CT Senators .

Two biggest interested parties to keep Wall street eating from our working hands.

Do not get me started, please...

Yes, you are right, but you are not.

Entire Country is a debt piramide, and subprime is just a weekest link in the foundatin that broke first.

Now it is al broke, with all the derivatives build opon themodels that suggested that housing prices will never go down.

Subprimes will default in small numbers and primes, alt-A's will not.

Garbage.

Did you see the JUMBO loans, they are still 7% for mortgage.

Fat cats ar hurgting and they do not like it.
CARRRRRRRRRRRIFORNIA corrupts are huring and they do not like it.

NYork CORRRRRRRRRRRRRRRRRRupts are hurting and they want you and me to pay for it.
Please understand I can not now get into this.

There are derivatives of all kinds ( CDO's CLO's etc) build on top of the piramide size of which is astronomical ( in multiple times of USA economy)

They want me and you too bail al that. We shall discuss more of this
Good Trading

אנטי-סופיטליסט said...

Hello Dear Boris....

aside from the graphs, any text added to psite today?

xerxes

xerxes said...

Hello Dear Boris....

Did you read this....

"Dollar May Get `Crushed' as Traders Weigh Up Bailout"

jessescrossroadscafe.blogspot.com

So I wonder how many loaves of bread a 1200 usd ss check will buy a month, 24 months from now...

boris said...

Dear Xerxes,
If I read things like these,
I would be crazy by now.

I am sorry. I do not want to read anything and anybody.

The only things I read is the numbers and prices.

I hear enough as it is. I have no time and/or inclanation to read.

My Parents "maybe resurected tomorrow".

Does anybody want to read?

I hope not.

I do not care what 99.9999999% people say and only listen to the rest to negate them.

Good Trading Dear Xerxes.
There are some JPY comments on the pSITE

GOod Trading

diesel said...

Hi Boris,

The daily update seems to have the wrong description listed against the numbers i.e. the spx is listed as silver etc. I have transposed them in my copy but thought I would let you know.

Regards,

Damien

boris said...

Dear Damien,
Thanks a lot My Dear Friend.
Corrected.
and Send and reposted on PSITE

Good Trading Dear Damien

tim9lives said...

Dear Boris,,,you are so right.We have the USA finances which are a HUGE house of cards,,,,and now it is getting windy. Part of the house has already fallen,,,and those cards are gone forever.
Good trading-tim

sharon said...

Dear Boris

dollar becomes a worthless paper...

Mr. B and Mr. P are inventing new economic science - Bulshitism.

PRINT - is the best industry today.

sharon

sharon said...

-

boris said...

Dear Sharon,
All in good time.
YOu are right in 2010,
not in 2008.

Dollar will be stronger into first quarter of 2009.
It is all in the timing

GOod Trading

boris said...

Dear Sharon,
Yes, you can say they are inveting bulshitism

but we already called that

SOIPITALISM(:- as a more politicoeconomically acceptable alternative

GOod Trading

tim9lives said...

Dear Boris,,,,I am going to Tattoo on my forehead your dollar calls.

Dollar Stronger first quarter 2009,,dollar crash 2010,,,,

I don't care what kind of looks I will get from people,,,because your dollar calls are THE BEST my Friend !!!
Thanks again -- Tim,, :-)

sharon said...

Dear boris

thanx for the comment.

I am not a currencies expert but as per the shekel, 3.65 looks far a way land as of now.

take care dear friend.

Sharon

boris said...

Dear Sharon,
Shekel,
is not a world standard and I think 3.65 will be good when you will look at 3.82 in Before December.

I do not make the forecasts for SHEKEL, for world.

For the world the DX is composed

of

EURO 57%
JPY 13%
GBP 11%
CAD 9%
SEK 4%
CHF 3%

I may not be 100% here as this is from memory.
SHEKEL is not mentioned there.

Good Trading

אנטי-סופיטליסט said...

Dear Boris,
Your composition of U.S.$ index
is precisely what I have written on my $ chart. I had to look it up.
Your memory is o.k. for an "old timer".
good trading,
Klaatu

boris said...

Dear Klaatu,
Thanks
Good Trading