Wednesday, August 19, 2009

Some more downside?

Th chart below is our proprietary recession indicator, It has captured the Market and economy decline in 2008 with absolute brilliancy. Where is it now. Read the comments inside chart please.
985.37 987.19 990.14 993.82 spx 977.69 975.87 972.92 969.25

Yesterdays, PCratio was clearly not (:- to bulls (in a short run). How about today? see the chart below( coming)


CITIZENS FOR HONEST MARKETS MANIFESTO.


Today we will lay down few details about how we see the the really honest markets functioining. The purpose is two fold.

1) Let Trading Public Understand what the real issues are

2) Present initial requirements for HONEST MARKETS


Markets, exchanges have evolved in all kinds of ways. But basic principles have remained the same. The people closest to order flow, have always had an edge over the people removed from the order flow , by layers of brokers and means of delivery of orders. So, nothing changed, truly nothing and there is no amount of misconceptions spewed by those that think they are helping fairness issue or those that would like to present things as fair and square will help.


Introduction


The truth is that in some shape and form( mostly electronic) you still have the order flow advantages that can be gained by the deep pocket market players over the rest of traders/investors.


Why is that, who/what has replaced the floor broker ( who used to control order flow, could see all orders, while people could only see bid/offer). Floor brokers have been replaced by computers and routers ( electronic network facilities). Those who are closer to the exchange floor computers ( that run BOOKs, market algorithms that manage orders) and routers ( network traffic directors, like the traffic lights that regulate which car goes next into the intersection), can accrue big advantage, as they can see the orders faster and wider than other participants in the markets. If there was one exchange, there would be this advantage for sure, but add to this that there are different exchanges(countries and state), with different rules and it will become clear that the market is the wild west to be fought for by organisations with deep pockets and global interests to get the "front view" of the order "market depth" ( market participants bid and offer maps away from highest bid and lowest offer ( only view market had for a long time before electronic markets).

Joke, sort of. Boris, I understand all of that, but why/how is that important. Well, imagine. I place an order to sell 1000000(million ) shares of IBM( hUH!) and somebody comes in with the order to buy it. Now, If I could see buyers order and take my sell order away or just grant few shares instead, what happens! HUH! What happens is that I know there is buyer there for 1000000 shares of IBM and will try to raise the price on him/her buy offering the rest of the million shares at higher prices. I have forced the market participant to play with me with


------------ OPEN CARDS ---------------


The only reason I was able to do that is that I was able to CANCEL( SEND THE FIX PROTOCOL CANCEL or CANCEL/REPLACE) order faster than the buyer could get his/her order onto the BOOK.

Yes , this is like going to casino having to know the cards of every players. Do you think I would have advantage? And there are other games played in the markets. Do not get me going. So, all of those talking in abstract, please stop and level with people. If you do not tell, I WILL



Now, Please Note, I said nothing, so far, about legality of these kind of games.


Continuation to follow



We discuss the role of routers and protocols and the scanners and parsers, which are responsible to get this "total market picture" and react fast.
What Does Antisopitalist's Attraction Point and Beethoven have in Common? Read the text inside the picture while you may like to listen to this as you read the picture

98 comments:

boris said...

xerxes said...
good morning dear boris

8/19/2009 2:15 AM


boris said...
Good Morning Dear Xerxes
Good Trading Dear Friend

8/19/2009 2:35 AM


xerxes said...
bloomberg says china down 20%...new bear market dear boris?

8/19/2009 2:47 AM


xerxes said...
a bloomberg guest just described the inverted h&s on s&p, targeting 1250.. so the word is out

8/19/2009 2:53 AM


xerxes said...
credit is far cheaper to buy than equities according to hsbc dear boris

8/19/2009 3:45 AM


boris said...
I am seeng the credit turn down( especially Junk) the same way as equities.

I do not know if can trust either for a long time. For now, I am invested the way I am. I have practically no junk, though have some LQD ( much better than junk) and some, TLT( which is TREASURY)ETF for Treasury.

Good Trading Dear Xerxes

8/19/2009 3:51 AM


xerxes said...
we broke mondays lows on futures dear boris

8/19/2009 3:57 AM


xerxes said...
lqd has held up much better than s&p dear boris...good selection

8/19/2009 4:00 AM


xerxes said...
china down 5% today and 20% in 2 weeks....are they trying to instill panic dear boris, a crescendo of selling, a catharsis, before it gallops north again, dear boris

8/19/2009 4:03 AM


boris said...
YOu know the answer Dear Xerxes,
Right(:-

YOu know, as well as I do, answer(:-

GOod Trading Dear Friend

8/19/2009 4:14 AM


xerxes said...
world gold council spokeswoman says that gold demand is up 22% this year, largely from central bankers...
so dear boris, they sell gold at 250 and buy back at 1000....

8/19/2009 4:23 AM


xerxes said...
gold sales for jewelry and electronica, the biggest non-investment uses have plunged dear boris

8/19/2009 4:24 AM


xerxes said...
well i think i know the answer dear boris :-)

8/19/2009 4:25 AM


xerxes said...
credit agricole says that the eurozone is lagging usa in growth metrics and with expectations of america moving forward, expectations for interest rates will favor obamabucks driving the euro into the toilet, dear boris...also they expect 'negative' surprises hammering the euro in the 'short to medium' term

8/19/2009 4:28 AM


xerxes said...
another theme today is the drumbeat of how pimco is warning about the dollar loss of hegemony coming to a theatre near you consequent to the ongoing, outsized usg deficits...

is gross in the market for euros dear boris?

8/19/2009 4:33 AM


xerxes said...
trade of the day....short eurgbp

8/19/2009 4:33 AM

xerxes said...

So the chart says we got a long way to go to get out of recession....

nice h&s on s&p now...had broken below neckline and rallied back to it...target would be low 970's...

boris said...

What this chart says is that we are not out of slow/no growth for a long time
That does not imply, we can not have spirited stocks market rallies, though(:-

GOod Trading Dear Xerxes

xerxes said...

morgan stanley asia says that the catalyst for the shanghai fall was a big ipo of a gov't co a few weeks ago that had the effect of draining cash from the secondary market...but it was their opinion that since the gov't has gone to great pains to tell the market that they will keep the spigots on for a long time to come....but the effect of the ipo on liquidity was desirable to slow the equity juggernaut a bit...conclusion: we are witnessing only a corrective move, not a resumption of the bear

xerxes said...

credit suisse says to buy emerging markets on this dip

xerxes said...

ubs in london says that usa unemployment is near 20%, that it is worse in europe and that the biggest worry going forward is where to find jobs as a substitute for leverage and the emerging need for government deleveraging...

xerxes said...

buffet says that we could evolve into a banana republic a la keynes

xerxes said...

arthur levitt of sec fame, now works for goldman sachs......

boris said...

I wonder, if we are not already banana republic snas bananas(:-
Of course,

Good Trading Dear Xerxes.

boris said...

I guess, I meant sans bananas

boris said...

Yes, Dear Xerxes,
He used to work at Bloomberg, in my last years there.

Yes, he talks big, he is unmistakably, SOPITALIST
I guess SEC needs better insights how to game SEC and otherwise improve image as Dear Levitt looks relativly clean. Not "as bad as" , sounds familiar. Today the "Not as bad as" passes for good.

"new normal" one would say


Good Trading Dear Xerxes

boris said...

I meant "GS needs a better insight/inside on SEC"(:-

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

xerxes said...

levitt kept talking about how gs' black boxes are the best innovations since sliced bread...

John said...

Boris

good morning

old john

John said...

Boris

good morning

old john

boris said...

Dear Bert,
Dear John,
Good Morning Dear Friends.
Good Trading all

boris said...

Dear Readers, please see
the Part of

CITIZENS FOR HONEST MARKTES
MANIFESTO
(front of this post)
That i started writing as a series for you and regulators and wider public to read, argue and correct and agree, what can be done to make the markets really HONEST and Transparent.

Good Trading Dear Readers

boris said...

In the context of what I am writing about honest markets

GS black boxes are much more BLACK than boxes.

And there are people who can understand and apply what they do.

Given their money and power and positioning in the industry, they do not need and

with all due respect

Posses no unduly higher intelligence than anybody in the market.

So, let us not equate the luck and Washington connections ( not in this order(:- ) with brains.

Dear Lvitt notwithstanding GS takes advantage of pretty primitive things that do not require genious(es) but require a lot of money!

Sounds familiar.

Most of rich people in my neighborhood can not count upto 11


That is the way it is

Good Trading Dear Readers

xerxes said...

usdjpy past the 4th hourly dear boris...

boris said...

Please see the emini151
On Dot net
Good Trading

boris said...

Please make sure you do not Increase XXX position for now and I hope and I am sure you did not overextend yesterdays.

Hold on. Let us look at what will happen next couple days.

Good Trading Dear Subscribers

boris said...

Please remember
Under what conditions the red arrow path becomes preferrable,
While not there yet, we could get there if strength persists Above the Blottom of the Area

Good Trading

xerxes said...

are we going green here at antisop dear boris?

boris said...

If you are overextended or any ways uncomfortable with XXX positions this is you great time to arrive to more comfortable position. Loss would be less than coffee money.

I am not changing any of my strategy and do not advice you do either, unless you are

UNCOMFORTABLE

Good Trading

boris said...

Market was stoped dead by two obstackles,

Hourly channel top and First ILAP ( CONFLUENCE).

Now if market was to drop below the bottom of the AREA,
we will have new ball game for Dark Arrows

Good Trading

boris said...

This market did not show any weakness for last hour. So, again, if it will not break below AREA and stay here ( which it has already done) the upside breakout is gaining momentum. There are reasons to believe that market can not rally much here yet, but, if it is doing it in your face, you can not ignore it.

Now remember, the areas to watch are the Low and High Of the AREA, it was rejected from confluence described above with the Top Of the AREA helping the depression!

But now we see renewed attack.

Good Trading

boris said...

Watch, SWISSY,
She is dangling around 4th ILAP, I think She watns to go for the 5th within next couple hours.

Just watch her(:-

Good Trading Dear Subscribers

xerxes said...

eurusd soared but shares didn't break upper vb by much dear boris....
reversal coming?

boris said...

Very Good Observation Dear Xerxes,
I knew you will become good at this game!(:-

OF course, there are no guraantees , but the only way to learn is to observe FIRST or as eternals YOGI would say

"one can learn a see a lot by simply observing"

Or something like that(:-

GOod Tradeing Dear Xerxes

boris said...

Dear Subscribers, Readers,

I have more spectacular calls than lof of people made calls, but you know what, one of the best calls I made is that this summer, about MAY-YYY will be choppy sideways and I owe it all to Dollar Projection. It has told the story of the market unlike anything else. It had the range bound trading written all over it.

Ok so, the truth is that, one would have made more money writing options around these limits than in ANY OTHER STRATEGY

HOw is that for makeing money
any which way?

Because I, feel to tied with things I am doing I have not gotten throwing in the option strategies into our service, but I do it and I found it the most profitable , I could do this summer.

Good Trading Everybody

xerxes said...

i sold euros at 1.4220 dear boris...
aussie also working on 10th straight up bar which usually represents some type of pause...no news that i'm aware of to cause eurusd to move so strongly so fast...eurjpy also dropped 50 pips...

boris said...

Good For you, Dear Xerxes
GOod Trading Dear Friend

xerxes said...

aussie giving us a down stick... eurjpy maybe a gravestone...

xerxes said...

maybe 3 inside up now in eurusd dear boris....will shares catch up if the 3 inside out plays dear boris?

xerxes said...

something happened with oil to cause the bull dear boris

boris said...

It may have been the OIL inventorie report ,

Comes out on every WED.

Good Trading Dear Xerxes

xerxes said...

oil inventories from 2.5 positive to - 8+

xerxes said...

i don't remember the inventory report having such a dramatic effect dear boris...euro bulls are strong

xerxes said...

i want to buy back those euros dear boris...i'm hoping the euro projection holds true, dear boris :-)

xerxes said...

well dear boris...was 1.4045 the low for eurusd? my propane grill tank is full dear boris so i never would have guessed such a big drawdown in inventories :-)

boris said...

Dear Xerxes,
Now you know
Your neighbors have been busy buying their own Propane Grills(:-

Good Traing Dear Xerxes

xerxes said...

bullish pennant on s&p forming dear boris...

boris said...

Dear John,
As usuall sends us the great Political factoids

Here is one more of them

Law Makers Looking For Supplements

Good Trading Dear Friend John

xerxes said...

ALBANY, N.Y. – Four veteran New York legislators who have reached retirement age are collecting state pension payments at the same time they continue to get their regular paychecks.

nice post dear john...

xerxes said...

usdjpy hit 3rd daily low dear boris..

boris said...

Dear Xerxes,
Dear John,
Dear Readers,

For those LawMakers

DEFICTS DO NOT MATTER

As long as they are the ones who get to spend it on themselves(:-

Good Trading Dear Readers,

Did you not understand the essense of SOPITALISM?

See the video by GREAT GEORGE CARLIN on the front of this WEB PAGE

Good Trading All

boris said...

SWISSY JUST HIT
THe fifth as I was suggesting it would

(:-

Good Trading Dear Readers

xerxes said...

cashed out too early dear boris...my
system crashed so i couldn't jump back in straight away....

bloomberg says a 2nd stimulus package is being proffered by obama

xerxes said...

bloomberg says that in china, in one week, 700,000 brokerage accounts were opened...4 days later the market started its crash :-)

boris said...

Dear Xerxes, Thanks.

Dear Readers

Please see the front Page of this post and see the graph showing the

FIFTH Intraday Low Attraction Point ( FILAP) hit by SWISSY and following lift. It also shows what is the connection between that and BEETHOVEN's Fifth Symphony.

It is really simple.

Just click click> APs and Beethoven's Fifth

Towards The End of Page

Good Trading

xerxes said...

shares slipping but not king euro or the black, sticky stuff dear boris

xerxes said...

you know dear boris, there is this endless talk about 47 million uninsured americans providing the backdrop to the pushing of obama...
care...this number 47 needs to have some context....
(1) 10 million are illegal aliens so they aren't americans, not yet anyways, and shouldn't be here, never mind get free benefits...
(2) 17 million make more than 50 grand, which is above the median, so they lack insurance by choice..
(3) most of the remainder are between jobs and may have short, uninsured periods; many more are eligible for already existing gov't programs that they don't use or haven't registered for; kaiser says there are only 8 million chronically uninsured...

so for 2.5% of the population, everyone must partake in commiecare...

John said...

Xerxes,

i read some where that there are 2 million that earn over 100 that choose not to have health insurance.

It has nothing to do with healthcare- all to do with control just like chicago. then you can pull all those strings.

old john

boris said...

Dear John, has right answer Dear Xerxes,

Remember, DEMS at this stage need another strong constituents and
I am sure if they work it correctly

Thye can have the Nersus as another POWERFUL UNION in their support, as a substitute, perhaps for the millions of UNION workers lost in the Auto industry.

SO, the DMES are busy, (re)building their FUTURE base.

Control is a correct word indeed.

Good Trading Dear Xerxes

xerxes said...

currencies haven't given up much; loonie nothing at all....looks like we could run from here...if this is a 'major' low dear boris then dollar bulls will need to pray for mercy

boris said...

In my opinion, this , move up wherever/whenever it starts or started will be XXXXX industry Driven. See the note about XXXXX indusry in DotNet Messag 5 minutes


Good Trading Dear Readers

John said...

Possible inverse head and shoulders on uso>?

boris said...

Good Trading Dear John,
Indeed

xerxes said...

Good morning dear Boris

xerxes said...

i like the odds of the euro projection dear boris...i think the eia induced move was a bull trap...

boris said...

Good Morning Dear Xerxes
Good Trading Dear Friend

xerxes said...

more numbers today dear boris, initial and continuing (state) claims, leading indicators, philly fed survey.....

dimitry said...

GOOD MORNING, everyone. Looks like hurricaine is not much danger to oil and gas anymore.

boris said...

Dear Dmitry,
Good morning, We will have for
next huricane (:- I guess!

Good Trading Dear Friend Dmitry

boris said...

Dear Xerxes,
Thanks and Good Trading Dear Friend

xerxes said...

some guy from westpac said that the americans had cash for clunkers while Australians had dumps (houses) for (aussie) dollars...

John said...

Boris,

good morning- just read update on dotnet- thanks, a little patience here

old john

boris said...

Yes, Dear John,
Little patience will go long way to enter a more convinient trade, as we need markets to come to us. If we get the desired retrace, we will be buying the weakness(temporary) within the strenght.

I like that.

After all, did anybody ever see the Lion, or Cheeta, jump straight on the future food. No, they wait and wait and wait , unitl the times are right.

They want the future food to be relaxed, not aware of dangers and therefore easy to get once the run starts.

Can I be more precise in this description. Yes, there is always thousand of details , but in principle, that is what trading all all about.

Hunting, for a right time and right price and knowing which direction wind is blowing so that we can get it in our backs!

GOod Trading All

xerxes said...

Dear John...how hot is it in az these august days/nights

John said...

xerxes

It is a high of 104 or so during the day- 80 at night. Sounds funny but I am used to it. Uncomfortable the couple of days it hit 110 or so. Now, no problem, going out for a little jog right now- back in a few( Boris - see you can fit a walk in)

By the way- in the zip codes I watch- 70 % of the homes for sale are short sales, bank owned or foreclosed- that are considered affordable?

old john

dimitry said...

relic and subrelic are giving up

xerxes said...

claims disappoint dear boris but apparently not too much

boris said...

Dear John, Enjoy the walk,
Good Trading Dear Friend John

xerxes said...

Dear John...ubs says that lots of inventory on the market is essentially unusable garbage which inflates available inventory numbers...new construction 1/2 million with new household formations of 900k, annually... therefore, inventory in decline, bottom is in and don't forget to sell the dollar :-)

i bet, dear john, that there are 4500 americans that ubs has as clients, that probably won't be buying a home the next couple years :-)

xerxes said...

dear dimitry....subrelic...not bad :-)

xerxes said...

looking for 963 to back up the truck

xerxes said...

ubs says claims are just about at the peak

xerxes said...

futures on the precipice....leading indicators and filly fed could sink 'em....

xerxes said...

eurjpy and eurusd declining

boris said...

Dear Subscribers

EMINI152 on DOTNET

xerxes said...

filly fed number was hot but no acceleration..LI's were in-line...
booommm

xerxes said...

bloomberg, all day, has been outlining a plethora of reasons why things are moving against dollar bulls

xerxes said...

oil/nat gas spread at a record over 24...stockpiles expected to reach 4 trillion cubic feet by year's end...
no place left to store it so it is expected that wells will be shut..
per bloomberg, of course

boris said...

Major sopitalists

Wareeen the Great Buffet
Jimmy the often early Rogers
And
Bill from Mighty PIMPO Gross

are talking their book.
They want to run up assets outside the dollar, Of course, at least in Buffets case, it is accompanied with "Allegator tears" for a genuine "worry" about loss of USA , blah blah ( der Buffet).

The reality is they have bet big against Dollar and they are pushing it down.

Good Trading Dear Xerxes

xerxes said...

Barclays capital said today that all the reasons rogers, gross and buffet gave for the usd to crash is old news and meaningless going forward..
they suggest that the usd's biggest problem is that america exports so little to china compared to japan and germany....so when china booms, there is nothing to drive the buck up; its left out in the cold...

but since 97% of players are usd bears, isn't everybody talking their book dear boris :-)

boris said...

Dear Xerxes,
That is correct,
but few are as adapt as Dear Beloved, Monolisa, of investment, in shedding Allegator Tears and looking Authentic, when in reality he is the biggest benefactor of low dollar as most of his portfolio is USA mega companies dominating the world trade. COKE, PG, to mention the major ones.

Same is the case with media attention. All those three have to do is call Bloomberg/CNBC and say,

"Hey this is your lucky day", "I am about to grant "interview" to you" (:-

Good Trading Dear Xerxes

xerxes said...

How well do you think the dollar will perform under this scenario Dear Boris :-)

Gerald Celente, founder of The Trends Research Institute, which the Los Angeles Times once described as the “Standard and Poors of Popular Culture,” forecasts “Food riots, tax protests, farmer rebellions, student revolts, squatter digins, homeless uprisings, tent cities, ghost malls, general strikes, bossnappings, kidnappings, industrial saboteurs, gang warfare, mob rule, terror” by 2012 in the latest edition of The Trends Journal.

waldo said...

Hi everyone, most of my summer projects are done but this just came out today and I have to post it. Hope you don't mind Boris, waldo Prospectus Supplement to Prospectus dated August 19, 2009.

$30,000,000,000 *
(subject to arbitrary increase)

The Goldman Sachs Group, Inc.

in conjunction with

United States Treasury Department

is pleased to offer you the following

0% Subordinated HFT Participation Notes

in the

GSBS I (Goldman Sachs Bonus Securitization *)

*for legal reasons, Goldman Sachs Group will not use the word "Trust" to describe this entity


The 0% Subordinated HFT Participation Notes represent a securitization of forward-looking executive-retention payments, payable to Goldman Sachs employees. The Notes will pay interest in the form of negative-accrual on the notes on August 19 and February 19 of each year. The first such negative-accrual will be made on February 19, 2010. The Notes WILL NOT be guaranteed by Goldman Sachs Group, Inc. or any of its affiliates. The HFT Notes will be collateralized by proceeds from the bond and an indirect guarantee from the United States Treasury. Both the GSBS I collateral and Treasury Guarantee are for the sole benefit of the Goldman Sachs Group Inc. executive retention program, not holders of the HFT Notes. In the event that GSBS I collateral is not sufficient to meet the "2010 Bonus Payment Amount", the United States Treasury has provided a full and unconditional guarantee for any shortfall in payment amount.

At the earlier of the scheduled maturity date (December 31, 2010) or the "Bonus Payment Date", all principal outstanding for the HFT Notes will be extinguished. At the maturity, all collateral in the GSBS I entity will be paid out to executives, which will result in zero recovery value for the HFT Notes. In exchange for the participating in this HFT Note transaction, participating holders will be "exempted" from front-running by Goldman Sachs Group Inc. proprietary and high-frequency trading activities. Such exemption period will last until the "Bonus Payment Date", at which point Holders of the HFT Notes will be subject to front-running, dark-pools, scalping, and other trading actions that Goldman Sachs Group Inc., in its sole discretion, deems appropriate. If Goldman Sachs becomes obligated to pay additional amounts to non-U.S. investors due to changes in U.S. withholding tax requirements, Goldman Sachs may redeem the notes before their stated maturity at a price equal to 100% of the principal amount redeemed plus accrued interest to the redemption date.

Neither the U.S. Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense. If such criminal offense is committed by a Goldman Sachs employee, it will not be prosecuted.

Initial public offering price 99.858 % $ 29,957,400,000

Underwriting discount 0.450 % $ 135,000,000

Proceeds, before expenses, to Goldman Sachs 99.408 % $ 29,822,400,000

Proceeds to Goldman Sachs executives 99.408 % $ 29,822,400,000


Goldman Sachs may use this prospectus supplement and the accompanying prospectus in the initial sale of the notes. In addition, Goldman, Sachs & Co. or any other affiliate of Goldman Sachs may use this prospectus supplement and the accompanying prospectus in a market-making transaction in the notes after their initial sale, and unless they inform the purchaser otherwise in the confirmation of sale, this prospectus supplement and accompanying prospectus is being used by them in a market-making transaction.

Goldman, Sachs & Co.

United States Government



Disclaimer:

Any resemblance to bonds or securitization pools, actual or imaginary, positive or negative-accrual, issued by Goldman Sachs or The United States Government, is purely coincidental. No puppies were hammered to death in the preparation of this lampoon.

ris.

boris said...

Dear Waldo,
THanks a lot!

I am speachless...

Good TRading Dear Waldo

Vishal said...

Sopitalist Bill Gross of Pimco just bought a 23 MM $ mansion, only to tear down the home.....check it out :

http://realestate.msn.com/blogs/listedblogpost.aspx?post=1229160&_blg=1,1229160&ref=patrick.net

Was posted by dear Greenie.

boris said...

Dear Vishal,
Thanks for the post.

Dear Gross, used to be one of my favorite investors, you could trust. He was an original bond vigilante.

Then , suddenly, he behaved like he was the hired hand of the FEDeral reserve.

He has, as recently as 3 years ago, criticised the FED for printing money and debasing currency , thus causing the suffering for ordinary Americans and Retirees. He basically blamed government for cooking the Inflation numbers, which of course, has direct bearing on the Bond Prices.

Then he shut up ( apparently gov gave me carrot and stick). He was "made to realise" that there was no need for "BOND VIGILANTES" anymore as he could just go and become a currency trdader and then it did not matter what USA bonds were doing, he could make money in other country bonds, simply because Dolar was going down.

So, the BOND VIGILANTISM died.

Now Dear Gross with the help of Mohhamed Alarian, has become a Currency Pusher, and FEDs best friend ( especially with somebody like Mcully is his name? on PIMCOs board and MR. Greenspan himself on the board , HA! ).


Yes, and the story of revolving door of SOPITALISTS goes on unenterrupted.

GOod Trading Dear VISHAL

boris said...

Message ON Dot Net
relating to XXX

GOod Trading

boris said...

One more update about XXX
On Dot net

xerxes said...

they're still importing lng in wild amounts from oman dear boris....

only the loonie overperformed today...unfortunately i was snoozing and missed the gravey train....

s&p looks like a rising wedge dear boris...bombs away?

Hopper said...

Hi Boris,
Nice to see the recession indicator back.
It seems that the bulls will be pushing to make a new high soon...

Cheers & Good Trading

Hopper said...

Hi John,
I'm read a trading book and it states that military personnel make good traders because they have excellent discipline. It made me think of you.
Hope all is well with you.

Cheers & Good Trading

boris said...

Dear Hopper, thanks for your comments.

Good Trading Dear Friend