Thursday, October 22, 2009

Back, Getting Things ready

I meant, subscribers were told to watch the POSSIBLE failure at 1086
Of course, I meant blue Oscillator at nyear 7 years extreme.

167 comments:

xerxes said...

Good to see you back Dear Boris

xerxes said...

UK sales data disappoint Dear Boris...Quids getting cheaper...

boris said...

Good Morning Dear Xerxes,
Thanks for update and
thank you for keeping the board alive in my "hiding"(:-

Good Trading Dear Xerxes

boris said...

Dear John
Send us this link

Do not you love the business this fed is in. I thought... Never mind(:-

FED or Fed up

Very Dear Friend John,
Thanks

xerxes said...

Dear Boris ... Windows 7 comes out today ... What should I do with Vista?

Is the buck 'puttin' on the dog' or is 'change' in the air :-)

xerxes said...

Canadian retail sales in 45 ...

Wanderer said...

Dear Boris,
Good morning.
Nice to have you back:-)
Thanks and good trading.

Bert

xerxes said...

Goldman speaks Dear Boris...Bulls beware :-)

A report in Reuters details Goldman Sachs latest change of emphasis regarding commodities in the third quarter. The most successful bank on Wall Street has cut its exposure to commodities reflecting a belief that the rally in prices has, for now, run its course and we can expect to see a dip back in prices in the fourth quarter. The change is reflected in two ways, first, a reduction of 32% in their VaR (value at risk – the sum of money a bank is willing to lose in one day of trades) to $27 million and a reduction in hirings for the commodity department. Of course their change of approach does not preclude them from coming back into the market next year but it supports our own position this last two months that further price increases are unlikely and the forth quarter could see a drop back in prices as demand fails to materialize as hoped. Even as Goldman have scaled back, the article observes that Chinese electricity demand has picked up strongly from July after remaining depressed for much of the first half suggesting the heavy imports of physical metal between January and May was a mixture of SRB purchases and speculative position taking. The speculative stocks are now in the process of being consumed but a failure of the SHFE exchange premium over the LME to reappear suggests plenty of material is still available locally in China. Other Wall Street banks like Citigroup and JP Morgan Chase have continued to hire in the commodities sector suggesting they see continued strong growth but it takes a brave soul to bet against Goldman’s track record in reading the markets, love ‘em or hate ‘em their past success speaks for itself.

boris said...

Dear Bert,
Good To be back.

Welcome My Very Dear friend
GOod Trading Dear Bert

boris said...

Interesting staff Dear Xerxes,
very interesting.(:-

Good Trading Dear Xerxes

xerxes said...

I have a problem with the article Dear Boris...Unlike with crude, they didn't give us the target for gold :-)

xerxes said...

Indian Rupee Plunges To 15-day Low Against Dollar

boris said...

New-Old Musings on DotNet

boris said...

Yes,
Dear Xerxes,
And they did not dear to give us an exact date when Israel will attack Iran's Nuclear Facility(:-

WHy do they bother to publish, something with such a limited usefulness for us ordinary BOZOS?

I do not know.
I guess I never will(:-

Good Trading Dear Xerxes

xerxes said...

Dear Boris ... GS was kind enough to tell us to expect 85 dollar oil ... Just think, if some hotdog bought some options when they announced the price target, think of the profits ... They are performing a public service for the lumpen ... We need to be gracious for that which they bestow :-)

boris said...

Yes, indeed
They Bestow!

I do now know what Bestow means Dear Xerxes,

But whatever it means, I do not think they bestow anything to anybody except lay in the "diversionary" information from which only the and "few knowlegable" can profit.

Just like the Lorimer Guy, that published all the bullish BS, on behalf of Merrill and Morgan Stanely... Just few weeks ago, at the same time, I am trying to warn people that this market is capable earting you.

Ok, it does not matter.

We have free speach in USA, if not free capitalism and those with deep pockets ( from taxpayers money, like Merrill and Goldman) can publish whatever they want. Where the speach "costs money" and so much of it, I keep wondering how can it even be called "free speach". Have I missed something?

Have founding fathers missed something? I do not think so. Founding fathers thught under the free capitalism the too big to fail will not exist ( including government itself!!!) and there fore free speach will prevail.

Alas, they must be turning in their graves now! Seeing how the free an contained capitalism has transformed itself into the not so free SOPITALISM.

GOod Trading Dear Xerxes,

As I pointed out earlier, Dear Carlk Marx is not resting in his grave either(:- , last time he turned USSR was destroyed(:- and became another ordinary SOPITALISM( admitted)

And where does Marx stand with COmmunist( so called) China playing the capi(sopi) talism.

HUH! I cannot even touch this one with a ...


Good Trading all

xerxes said...

Job losses increasing ... shares up ...they like the news Dear Boris :-)

xerxes said...

Gold retreating Dear Boris, just like Goldman predicted :-)

xerxes said...

10 year yields rising with shares declining; gold heading south as is the euro and franc ... what are they buying Dear Boris? The new McDonald's hamburgers? No, Dear Boris, may I dare say 'the buckeroo'?
Every dog has its day....Is the buck rising from 'Davey Jones' Locker'?

xerxes said...

Bloomberg is quite profound Dear Boris ... They have outlined our choices quite succinctly; if you're down to your last 4 bucks, would you buy a cappucino at Starbuck or a burger from McDonalds .... Ahhh, how should I exercise my new found freedoms :-)

boris said...

Area described
On DotNet
Try to make chart

boris said...

My charting died,
Busy machine
(:-
Please apply the methods, I use to the information you have, All APs and Area

Good Trading

boris said...

Sorry No chart.
But completed description of scenario for today on DotNet

xerxes said...

Margaret Brennan choked when she read about the slew of bad data releases ....

xerxes said...

Freddie Mac says 30 yr mortgage rose to 5% from 4.92% ....

boris said...

Sorry,
Slow machine/internet

5 Minute date is now in DotNet

xerxes said...

Are the currencies jerking shares northward Dear Boris ....

xerxes said...

Debt deluge next week as per Bloomberg ---

123 billion ---
net supply 104 billion ----

xerxes said...

From Dailyfx...

,,,Price action is still net USD bearish and each and every rally in the USD has been met with some intense selling. It remains to be seen whether these currency dips will once again be met with strong buying and concurrent USD selling. Despite the heavy sell-off in global equities, the Euro is only marginally lower on the day, which should be concerning for USD bulls. Trend traders are firmly in control and have not had any reason to doubt their convictions. The USD will clearly need to mount a multi-day recovery in order to garner the necessary momentum. This would certainly be a welcome and refreshing event. The key level to watch is 1.4830 in Eur/Usd, with only a break of this level forcing a material shift in the overall construct of the FX markets.

xerxes said...

--Unemployment benefits pay averages only a third of the lost salary and only 43 per cent of the unemployed are eligible for unemployment benefits......

What happens to the other 57% Dear Boris ...

John said...

xerxes

They sell dope, steal or whatever to subsist.


old john

xerxes said...

Dear John --- I know a bunch of people that are content to live on 400/mo in welfare payments --- they live in groups to control utility charges and minimize rental outlays --- They seem content and uninterested in working unless the take home pay is triple the welfare payment ---

John said...

Xerxes

Where I used to work- there were hundreds of thousands of people like that. The dope dealers in the area are all the kids heros . on and on and on.


old john
It used to bother me but now I am like George, just a spectator

xerxes said...

Looks like they're heading north here Dear Boris ... Will the franc hit parity this afternoon? I got the bubbly on ice :-)

xerxes said...

Flutes are chilled --- countdown in progress --- All sticks are belts ---

xerxes said...

Dear Boris --- would you work for these losers over in Zurich when you can work for the real shakers in the good ole USA???

Credit Suisse set aside about 403,000 Swiss francs ($400,000) in compensation and benefits for each of the 19,300 employees at the investment bank so far this year, compared with 357,000 francs for all of 2008, according to its quarterly report. That compares with $527,000 per employee at Goldman Sachs Group Inc.

xerxes said...

Dear Boris ---- Arew the GS boys the new chumps????

DekaBank says that at an exchange rate of $1.50, oil should cost $88 a barrel. The euro rose to $1.50 yesterday, a 14-month high, while oil cost $80 per barrel, the most in 12 months.

“Oil is too cheap at the moment,” said Christian Melzer, a Frankfurt-based foreign exchange analyst at DekaBank, which manages more than $240 billion in assets. The study shows that over the last 10 years “oil prices have adjusted to changes in the euro-dollar exchange rate,” he said.

Mike Truong said...

Dear Xerxes,

Look like small echo tops are forming in all the antidollars. Interestingly...The commodity related currencies are not doing as well as your EUR but I suspect that this week will create dojis on almost all the charts....CHF may end up at 1.01 by tomorrow afternoon so I wonder if you need a quickie parity party instead of a week long booze fest?

Have fun at the party dear friend,

Mike

xerxes said...

Hello Dear Mike --- You're welcome, along with Dear Boris Dear John, Dear D and Dear Ivan, to come join the festivities here in parity land :-) There will be an iced flute waiting for you along with something special from Epernay --- I'm holding a flute right now in a sort of 'pre-parity' festivity :-) --- I think that EURUSD has 78.6% written all over it so USDCHF will get to parity --- But I could be wrong --- I'm just an amateur ---

Many may think that it's great to sell dollars for whatever and seemingly logging a gain; but unless the USD rallies back hard there really is no big gain at all, unless prodigious levels of leverage were employed .... That's why I'd like to be reincarnated as a TARP recipient, trading rags for riches instead of dollars for euros :-)

Mike Truong said...

Dear xerxes,

Thanks for the bubblies. It was quite good. Since you like to dabble in some of the extreme in forex, the GBP against all the minors (AUD,NZD,CAD) are just on fire lately. I think many of these pairs have quite a bit to bounce from the recent drubbings. Spreads are horrible though.

xerxes said...

There has also been a deluge of media attention put towards the demise of the Dollar and although this often warns of a USD rally, the strength of the current trend has been intense enough to even ward off this strong contrarian indicator. Fundamentally, there have been a number of important developments this week that should have supported the greenback, but a barrage of USD supportive comments from officials across the globe, active intervention by several central banks, a Brazilian government that imposed new taxes on Real denominated investment, a Canadian central bank that expressed extreme discomfort with the USD depreciation, and a pullback in equity prices on Wednesday, all have failed to have any impact. USD bears are in full control, with price action giving them no reason to exit their positions. Over the past several weeks, there have no real price reversals that would have USD bears contemplating a potential exit from their positions. For now, the key level to watch will be 1.4830 in Eur/Usd. Until this level is broken, there can be no talk of a Dollar rally.

xerxes said...

Seems like QE is just a dog's breakfast Dear Boris, unless one is long the euro :-)

xerxes said...

Euro is bullet proof Dear Boris ... Seems to be the new safehaven, not the buck ...

xerxes said...

Shocking, Dear Boris, shocking collapse in British GDP ... Maybe they just need to print faster :-)

xerxes said...

I thought Mervyn was talking about raising rates a few days ago ... I guess those plans are being shelved now dear Boris

xerxes said...

15 minute sterling seems bearish to me Dear Boris ... will we visit 4th daily later today?

boris said...

Dear Xerxes,
Thanks for updates.

Good Trading Dear Friend

boris said...

new asset file
plus
emini191

on DotNet

boris said...

Brazil emposes 2% tax on the currency transactions in Brazil( I mean only on Brazilian Real)(:-.

They do not care if the speculators pile into other currencies( just as well from their point of view). One thing they hate though is STRONG REAL(ity check to everybody, who is next?)

Good Trading

boris said...

I meant to say 2% tax on any transaction denominated in Brazilian Real. So, to buy Brazilan Bonds you pay 2% (penalty, sorry taxes(:- ) and same for brazilan stocks on brazil bolsa!

Good Trading Dear Readers

xerxes said...

Jean Claude 'Tricky' Trichet will be next :-)

boris said...

So, you know,
Mafia, watns all brazilian high yield bonds and they care none, if nobody else gets it. So, they told Senior Lula(BRAZILIAN pRESIDENT).

Dear Lula, if you want to lula a bit more, prego! impose instantly the 2% tax on these bonds, which makes it that much more expensive for anybody who wants to buy it and that way we will have no compatition.

The only question arises, why issue bonds , if you do not want anybody to buy it?

Well, I guess this applies to older bonds as well(:-

Can you imagine USA FEDeral UnReserve saying, you pay us 2% more for our bonds or you will not be able to buy them.

Heck many of the bonds do not even yield 2% so, that would mean negative yield for USA treasuries

HOPITY, HIPITY, HOP!

Good Trading all

boris said...

Oh Yes, the tricky one.

I doubt , somehow , Dear Xerxes,
Bunds sellf ro very , very low interest rates, just like treasuries(:-

Good Trading Dear Xerxes

xerxes said...

The buckeroo is 3 cents up off the lows against the jpy, cad and gbp ---
It is up only 30 pips against the euro and chf and 80 pips to Aud ---
They tried twice to drive thru 1100 and were reversed ---- So, I ask Dear Boris, are longs getting ready to cry?

boris said...

Dear Xerxes,
If only knew(:-

Buty I wrote something to our subscribers about it.

It may not be much(:- but it is for subscribers only.

As to your question, I just answered it did not I(:-

Good Trading Dear Xerxes

xerxes said...

Bloomberg said that the Brits only have 2 tools left to revive the economy (1) QE (2) currency debauching --- So the latter started today ----

xerxes said...

Bernanke said that people need to learn how to budget ... Did you see that Dear Boris .... I wonder if Goldman employees do a lot of budgeting :-)

xerxes said...

So will we have a parity party for GBPUSD Dear Boris ... We can invite Mervyn for the keynote address ---

xerxes said...

American Express gained 96% so far this year and Bloomberg says its fairly valued Dear Boris

boris said...

The way the Dear Bernanke make Dollar Purchasing Power disappear( like Hudini) you bet, people need to budget(:-

And I mean more than one way.

Budgeting can be done if you have something to budget.

What do you budget, when you have nothing to budget?


Did he have any advice on that.

I guess, he pointed to nearest soup kitchen.

Thank God

xerxes said...

Exactly Dear Boris but you should note that he did offer some advice to help out family budgets --- He said that too many families lack a bank account and pay all their bills with cash; if they had a bank account, the monthly statement would provide the tools they need to prioritize payments, after paying the bank charges, of course :-)

xerxes said...

Quids, Dear Boris ... Will we see the 4th daily
Loonies, Dear Boris ... Will we see the 3rd daily
Single currency Dear Boris ... Will we see 2nd daily

weekend trifecta

boris said...

I have said

This period will make everybody who thinks markets always go somewhere, go nuts.

That is what we are getting where the bulls and bears( especially stupid traders) are all geting killed.

Yes, As I often say

GET SKILLED or GET KILLED

Choice is yours.

and there is ANTISOPITALIST that has the trading wihtout ulcers, way of trading, where you are warned of every bush(ambush) the market prepars for you. Where we tell you if the market is likely to go up down or nowhere. And You know ( markets go nowhere 70% of the time, that is why bulls and bears all lose money, because market is going nowhere fast 70% of the time).

Ah, those aspiring traders, if they only knew what markets know and what Antisopitalist can teach them. Well, the later part is still available, but markets long closed the doors to secrtes. No more new information coming out of Mr. Market. They all sold it and some of it is still available at ANTISOPITALIST.


SO hurry, Hurry!

Before that is gone too.

HUH! i have never done so much marketing in one post(:-

Can you imagine(:-

GOod Trading All

xerxes said...

Bloomberg says that IRS says that 4 year olds received the 8,000 USD home buying credit when the minimum age was 18 ....

boris said...

TITANIC, Dear Xerxes
TITANIC,

Looting is going on unabated.
That is why nobody cares anymore it is all OPM and they are grabbing it.

Oh, OPM stands fro Other Peoples MOney.

Mainly I am told yours and mine

(:-

Good Trading Dear Xerxes

xerxes said...

EURUSD not impressed with home sale increase Dear Boris

xerxes said...

Just the other day, Dear Boris, Bloomberg said that there was a surge in home sales in London, there was actually a shortage of supply ... All the smart money was snapping up the chic properties for bargain prices ... I wonder how good a deal these buyers think they got today: GBPUSD 1.6342 down 289 pips or 1.75% ... Booomm

boris said...

market hit fifth low
Attantion

boris said...

I would not live in London
If they gave it free to me.

No Sun, everything looks so stuffy and and old and humid and UGLY.

No thanks.

I prefer to warship SUN not rain
I am Aries afater all!

Good Trading Dear Xerxes

John said...

Boris

My thoughts exactly- reason I moved where I did.

old john

xerxes said...

Mellow yellow on emini today Dear Boris?

boris said...

Dear John,
I know, New York was just about enough for me, I had to spend all my earnings to fly to SanDiego every couple weeks Or I would have killed somebody, the way I felt last couple years.

Chicako, well, it was fun till the bunnies were up there in Sears Tower, after I lost interest in them, there was nothing left for me in Chicago(:-
And let us not forget, one did not have to be on Lasale street any more to trade futures in chicgo, all you need is computer. The fllors will die there soon anyway.

I know where you come from Dear John,

Good Trading Dearest friend

boris said...

I meant the trading floors , will die soon in Chikago anyway!

boris said...

Did anybody notice,
How all the

MANIC depressive cities

Like New York, London, CHicago
they all create those eternally optimistic type of traders?

They could not survive without that optimism in the markets because the all around depression with the surrounds when augmented by the depression in the market would be enough for anybody to contemplate killing themselves!

No wonder all those sales people in NEW YOUR are eternal optimists

Good Trading

boris said...

Market Broke the fifth Area
Heading towards area bottom?

xerxes said...

Even with equities in the tank, the single currency remains invincible Dear Boris ... squids losing 300 pips now ... Go QE GO

xerxes said...

Did you see that bounce off the AP with EURUSD Dear Boris ... You need the reflexes of a Michael Schumacker to make money these days :-)

xerxes said...

2nd daily for emini is miles away Dear Boris ....

Bloomberg says sterling is getting 'crushed' but when the buck is thrown under the bus everybody is relieved :-)

xerxes said...

Some clown on Bloomberg says King should drop rates to zero ... If it comes to pass, speculators will have a bevy of currencies to use for the carry trade into the euro Dear Boris :-)

boris said...

Dear Xerxes,
Thank you for nice, nice updates!

Good Trading My Very Dear Friend

boris said...

AAH, EURO, Single Currency.
All in good time as I often say
Dear Friend Xerxes

xerxes said...

Yes, in good time, Dear Boris .... but not today :-)

When they call me and ask me to intervene, then, and only then, will the single currency have met its match :-)

boris said...

Question to all Rreaders


What is the best characheristic of a good trader?

If you have answer, short one please, let me know

Good Trading

xerxes said...

That's easy Dear Boris ... One needs a 1000 bucks and a subscription to anti-sopitalist :-)

boris said...

Dear Xerxes,
Thanks for promotional matterial, but there are other services that provide what a good trader needs or regardless of services, some traders just have it.

SO WHAT IS IT?

GOod Trading Dear Xerxes

boris said...

Let me clarify/narrow the question.

What type of knowlege is best for a succesful trader to have.

Good Trading all

boris said...

Ok,

Knowing what makes one a good trader

John said...

Patience
Small trades ( no emotions)
Realization- another bus tomorrow so if you miss the present one- do not chase


old john

rfhjr said...

Patience and discipline works for me. Hard to acquire these virtues though until you have been run over a couple times. My grandfather always tells me it is easy to make money trading the hard part is keeping it.

xerxes said...

NEW YORK, Oct 23 (Reuters) - U.S. government debt prices fell on Friday before next week's record-sized Treasuries' sale and with worries the Federal Reserve may be mulling stepping away from a commitment to keep interest rates near zero for an extended period.

The Treasury will sell $123 billion in bills, notes and bonds next week, a record large weekly issuance, and investors are fretting that massive waves of government debt, intended to rescue financial companies and prop up the economy, could eventually endanger the United States' top level credit rating.

"Look for Treasuries to ease lower into the auctions next week," said Jessica Hoversen, fixed income market analyst at MF Global Research in Chicago.

Also weighing on Treasuries was an article in the Financial Times saying the Fed was considering changing the language of its policy statement so that it would be less jarring to markets if it had to move quickly to raise rates if price inflation becomes a problem.

The article said the central bank is considering softening the language of its commitment to keep rates exceptionally low for an "extended period."

"This article pressured Treasuries lower from 2 a.m. last night," said Tom di Galoma, head of fixed income rates trading at Guggenheim Securities in New York.
.......

http://www.reuters.com/article/bondsNews/idUSN2334324920091023

xerxes said...

Me worried? Nah but maybe Benny is, just a bit :-) Will the buck get some legs next week Dear Boris :-)

xerxes said...

Selloff!!! as per Bloomberg ... But not if your a euro bull ...

boris said...

I appreciate all answers,
Dear JOhn,
Dear Rfhjr
Dear Xerxes

I agree with all of that.

I wanted to emphasize today the following.

Due to the fact of 70% of time market not trending, the majoer insight one can have in the market is.


Knowing When To Stay Out Of the Market Is the Most valuable Insight in the markets.

GOod Trading all
and again thanks all who answered and who read.

xerxes said...

Dear Boris .... One by one the crosses are falling to the buckeroo ... As I mentioned before JPY (88 - 92) GBP (1.67 - 1.63) CAD (1.02 - 1.05) AUD (.9327 - .9211) --- When will the mighty euro (and its sidekick from the alps) bite the dust? Neva Dear Boris Neva :-)

xerxes said...

Meanwhile Dear Boris, I'm staring at a massive H&S on the SPX with a towering 20 point amplitude ... Maybe if she drops, EURUSD can get down under 1.50xx ... But what if the negative correlation breaks and EURUSD soars instead...Could it happen Dear Boris...Will it happen Dear Boris...

xerxes said...

What type of knowlege is best for a succesful trader to have.

I read your answer Dear Boris and, respectfully, I must disagree ....

The knowledge a trader needs to know is how to get hired by Goldman Sachs :-)

boris said...

Dear Xerxes
I agree with you.

PROVIDED
One Knows
HOW NOT GET FIRED from
GOLDMAN SACS(:_

Good Trading Dear Xerxes

waldo said...

Have a look at this. waldo

http://www.pbs.org/wgbh/pages/frontline/warning/view/

boris said...

Yes, Dear Waldo,
And anybody here who thinks that Dear OBAMA is going to do anything to stop the WALL STREET BANDITS( BASTION OF SOPITALISM), is dreaming bad dreams

He got the same people who created this entire crisis over the years, as his advisors and/or clients as bailed out bank executives. Here is the justice American style. Those who screwed are in charge of making things right. Yes, And I am president of CHINA!

GOod Trading all.

xerxes said...

It's simple Dear Boris ...Those individuals that planned the direction of travel for the ship of state, are there to steer, and thus assure, that the ship of state reaches the prescribed destination ... Not really rocket science Dear Boris ...

xerxes said...

"This is a sucker's flame," Celente said from his office in Kingston, N.Y. "It's a false-flag recovery. The stimulus, bailout and buyout packages being forced on the nation, by an administration that misread how bad the economy was, will only lead to Obamageddon: The Fall of Empire America."

"Washington is inflating the biggest bubble ever: the bailout bubble," Celente said. "This is much bigger than the dot-com and real estate bubbles. When the bailout bubble bursts, it should be understood that a major war could follow."

The economist expects tax and food riots to pervade the country. People will be giving each other food stamps for Christmas. Crime will increase to all-time highs. Then the worst possible situation will arise: the United States of America will disunite.

"There could be a day the U.S. goes the way of the former Soviet Union," Celente said. "It's going to start breaking up because people are going to realize Washington does not have the answers."

http://media.www.dailyorange.com/media/storage/paper522/news/2009/10/21/Opinion/Trends.Research.Institute.Founder.Predicts.That.The.Worst.Is.Yet.To.Come-3808325.shtml

xerxes said...

I like the part about food stamps for x-mas Dear Boris ...

xerxes said...

On October 31, 2009, the once largest aluminum plant in the world will shut down. With it goes another American industry and more American jobs. The Columbia Falls Aluminum Company in Montana will shut down its aluminum production because it cannot purchase the necessary electrical power to continue its operations.....

The buckeroo is doomed Dear Boris ... Long live the EURO !!!

Hail to the EURO we have chosen for the nation,
Hail to the EURO! We salute her, one and all.
Hail to the EURO, as we pledge cooperation
In proud fulfillment of a great, noble call.

Yours is the aim to make this grand EURO grander,
This you will do, that's our strong, firm belief.
Hail to the EURO we selected as commander,
Hail to the President! Hail to the Chief! Hail to the EURO!

I must give credit for these lyrics: Lyrics were written by Albert Gamse...

boris said...

Dear Xerxes,
I think that a lot people , by now, are sensing that USSR style collapse is possible and guess what, I have stated that, comparison and possibility perhaps before others and clearly gave reasons why.

All one has to do is to read one of my earielst articles at safehaven.com archives and see for themselves, where I have

CLEARLY

Said that likelyhood of USA seniors getting the Social Security worht of any purchae power is the same as the USSR seniors have.

THAT IS close to zero.

Hack one of my first articles every published on this blog was "Save Social Security"

Well,

I can go on and on.

I am not an astrologist or futurist or whatever, but seems like I have CURRENTISED a lot of future my Dear friend.

No genious here. I just could see how it happened in old USSR and made some comparisons.

The rest was just a matter of broken English to write it down(:-

GOod Trading Dear Xerxes

boris said...

If I were you , Dear Xerxes,
I would not be so sure about EURO either.

Washington does not get much done, right, but at least they seem to talk the same language there.

In EUROPE on the other hand everyboty wants to talk their native language and hell with those that do not understand what they are talking about(:-

So, yes, in short run EURO may prevail, but EURO will die harder death than Dollar, soon also.

Good Trading Dear Xerxes

xerxes said...

Purloined this from another blog Dear Boris ...

because economics is a soft science. it was in the philosophy departments for the first 1800 years of universities since greek time. the modern scientists have been fooled into thinking economics is a hard science. one is better off getting a psychology, political science degree or art history degree to be a good trader. the scientists are great people usually, honest to a fault, and able to do the math to make the derivatives incomprehensible enough so the salesman can ripoff the clients, but they normally do not make good investors. too logical.

xerxes said...

Well, Dear Boris ... If the euro will only shine a short time, then where can we park our pelf? Gold, rmb, sterling :-)
Your expertise in currency makes you a futurist par excellence Dear Boris :-)

boris said...

All in good time,
Dear Xerxes,

Our subscribers will be given all info in good time.

Good Trading Dear Xerxes

xerxes said...

Aren't I a subscriber Dear Boris ...

I remember when Israel had strict currency controls ... If I'm not mistaken, Dear Boris, much of the world engaged in that practice not all that long ago...I wonder if the USA will resort to such measures in the not too distant future ...

boris said...

Dear Xerxes,
Nothing is impossible, Nothing.

Even China, does not want the Dollars to go down as they have more dollars than anybody else.

That will not prevent Dollar from going down in general.

But the governments in concert or behind the doors will agree on anything that "stabilizes" the currencies , where they( or their central banking CABALS ) want them.

SO, yes, I think we can see the and we saw ( as I reported) Brazil take a step in that direction.

As I said, nobody wants dollar too chip, except turists going to USA(:-

Good Trading Dear Xerxes

boris said...

As I said, nobody wants dollar too chip, except turists going to USA(:-


I wonder why are CHIP's on my mind(:-

I meant Cheap, of course.

boris said...

Please see new file

"possiblexxxx.gif"
on dot net

Good Trading

DXB said...

"So, yes, in short run EURO may prevail, but EURO will die harder death than Dollar, soon also"

Exactly Boris, because there really is nothing intrinsically better about EURO than USD.
I see it as fundamentally worthless currency. Whoever is buying it to replace the dollar is doing so out of pure emotional herd mentality.
Such behavior never lasts very long.

xerxes said...

Just another reason to buy euros Dear Boris....

Democrats are proposing extending home buyer credits for another longer period, raising the give away to 15K and handing it out to any home buyer. The USG will have to borrow something like 18 billion dollars more to fund the extension.

xerxes said...

Dear DXB .... All paper is caca ....
But the odor, at the moment, is a lot less vile in the euro pile than the dollar pile ....

xerxes said...

Do you remember the tune in West Side story Dear Boris, music by Leonard Bernstein, and lyrics by Stephen Sondheim where they sing "...I want to live in America ... Everything's free in America ..."

It's friggin' true .... buy euros :-)

Cash for Appliances Rebate Program

By Robert Longley

By the end of 2009, consumers nationwide will be able to take advantage of a federal "cash for appliances" program offering rebates on purchases of a wide array of home appliances certified as energy-efficient by the EPA's Energy Star program.

Backed by an initial $300 million in funding from the American Recovery and Reinvestment Act, the state-run rebate program is intended to help make American homes more energy-efficient while further stimulating the economy.

"Appliances consume a huge amount of our electricity, so there's enormous potential to both save energy and save families money every month," said Department of Energy Secretary Steven Chu in a press release. "These rebates will help families make the transition to more efficient appliances, making purchases that will directly stimulate the economy and create jobs."

States will Run the Rebate Program
Each state will administer its own cash for appliances program. The states will be free to select which residential Energy Star qualified appliances to include in their programs and the individual rebate amount offered for each appliance.

What Can You Buy?
The Department of Energy (DOE) has recommended that the states focus their cash for appliances rebate efforts on heating and cooling equipment, appliances, and water heaters as these products offer the greatest energy savings potential. Energy Star qualified appliance categories eligible for rebates include: central air conditioners, heat pumps (air source and geothermal), boilers, furnaces (oil and gas), room air conditioners, clothes washers, dishwashers, freezers, refrigerators, and water heaters.

How Big Will the Rebates Be?
While the states will be free to set actual rebate amounts based on their share of the $300 million, the Department of Energy expects the rebates to range from $50 to $200 per appliance. But wait, there's more. Any rebates offered by state and local utility districts for purchases of energy-efficient appliances will be added to the federal cash for appliances rebate.

How do You Qualify?
All consumers will need to do to get the rebate is simply buy any qualifying Energy Star appliance. Unlike the "cash for clunkers" fuel-efficient vehicle rebate program, you don't even need an old trade-in appliance. In addition, consumers will not be required to haul their bulky old appliances to the dealer in exchange for a new one.

When Does it Start?
The states will have until October 15, 2009 to submit their applications for funding and plans for recycling old appliances to the Department of Energy (DOE). The DOE plans to have distributed funding to the states by November 30. As a result, the cash for appliances rebates could be available in stores just in time for Christmas shopping.

ofir said...

Dear Boris,

Dollar is also struggling vs. Shekel. We have reached 3.70 and below already.
Stanely Fischer tries to support exporters but can't win the war against world trend. If Dollar continue free fall vs. Shekel Israel's economy will get into trouble.
Personally I believe we are very close to bottom, but 4.25 seems so far away...
Ofir

John said...

xerxes

Nobody wants to work in USA anymore- just collect the free bees. I worked at the same job for 30 years, nobody wants to work like that anymore.
EVERYONE wants to become a community organizer ( no set schedule, a little limelight) so they become president.
Who wants a job where you have to be on time, everyday, work at least 8 hrs. - all those things that are now considered passe

old john

xerxes said...

Dear John...Between queuing up for vaccines, national service and spying on your neighbors, who would have time to work :-)

xerxes said...

Credit Suisse overnight index swaps are full pricing in a 25 basis point increase by the RBA during their next meeting on November 2, and stronger-than-expected consumer prices could further this sentiment and send the Australian dollar higher.

xerxes said...

Boom time in Euroland Dear Boris ... Boom times :-)

Got Euros ....

European data was surprisingly strong and indicated that the region may have one of the strongest economies around. According to the IFO survey, German business confidence rose to a 13-month high of 91.9 in October from 91.3, adding to indications that growth is improving in Europe’s largest economy. The news comes a week after the German government raised forecasts for GDP, as they predict the economy will grow by 1.2 percent in 2010 after contracting 5 percent in 2009. Furthermore, the purchasing managers' index (PMI) for the manufacturing sector rose above 50 in October - signaling an expansion in activity - for the first time since May 2008. Meanwhile, PMI for the services sector signaled expansion for the second straight month by rising to match the February 2008 high of 52.3 from 50.9. Ultimately, this pushed composite PMI up to a nearly 2-year high of 53.0 from 51.1, suggesting the Euro-zone is closer to recovery than many other places.

xerxes said...

Ing says that biz is significantly improved Dear Boris ... Got euros :-)

xerxes said...

Bloomberg says that US will 'exit' recession this week Dear Boris

xerxes said...

German consumer confidence waned Dear Boris ... How can that be when the German economy has emerged from recession and Merckel said that GDP will increase ... How can that be??? :-)

xerxes said...

Goldman says that sterling is undervalued by 22% Dear Boris and they expect the quid to rise 13% against the mighty dollar by year's end ... BNP Paribas thinks that EURGBP will throw a P-A-R-I-T-Y party in the same time frame ------

xerxes said...

So who do you believe Dear Boris? The Goldmen or or a bunch of French socialists? Goldman says that the BOE has a penchant for surprises like perhaps rate hikes? Since they got Gordon to sell the BOE gold at 255/oz in return for sponsorship of his bid for prime minister, I'll put my chips in Goldman's corner :-)

xerxes said...

Bloomberg says that of 150 industry groups in the USA, only one, health care, is still growing ... Got Euros?

xerxes said...

123 billion in debt to be issued by USG this week ....

xerxes said...

The hegemon flexing its muscles Dear Boris ...

(RTTNews) - Kenyan Shilling Slides To 4-day Low Of 75.25 Against US Dollar

Gimme Euros

boris said...

Dear Xerxes,
Thanks for the wealth of world finance news today. It is really helpful to all of us what the ENEMY is thinking(:-

Good Trading Dear Xerxes

boris said...

Dear DXB,
Thanks for you comments. My use of words "soon" , I hope is not confused. I do not want to decieve anybody, but in general I am not crazy about EURO for a longer time.

Dear Ofir,
thanks , 4.25 wasw even further from 3.21, but we saw it happen like a clocwork.
I cannot promise, but SHekel has manages less than 1.5% up in one month. That says something.
With all the news about Dollars imminent death one would think it should have died by now.

Dear John,
Yes, Agree, nobody wants to worl. Perhaps those ladies were right, when they said on Dear Obamas election day that he(OBAMA) is going to buy them house. And everything they need in that house.

My GOd Even Soviet Union(USSR) has never done that!

Good Trading All

xerxes said...

Moreover, expanding exports by destroying the dollar's purchasing power will not raise aggregate investment, it will simply direct more production to exports while causing import prices to rise. An honest economist would call this a cut in living standards. Naturally, the economic commentariat � being what it is � will blame the the dollar's depreciation for the inevitable increase in domestic prices instead of Bernanke's monetary policy. They will also overlook the fact that Obama's spending program will suck huge amounts of savings out of the economy in favour of government consumption � a thoroughly destructive process that he intends to make permanent.

GimmeEuros !!!!

xerxes said...

PIMCO says USD is in the midst of a 'disorderly' decline Dear Boris ....

OOOOOOOOOOhhhhhhhhh OOOOOOOOOhhhhhh
a storm is threat'ning
my very bank account today
If I don't get some Euros
Oh yeah, I'm gonna fade away

GimmeEuros

We all know who sang that song

xerxes said...

PIMCO says that the buck will decline against yuan and other asain nations but not the yen .....

PIMCO says a 'balanced global landscape will feature a weaker dollar'

PIMCO says that a big driver for USD deval is the fact that US owners of foreign assets (think beach front property in Netanya Dear Boris :-) ) have made a 1 trillion USD killing ....

So I guess Dear Boris, it all depends on which side of the trade you lie on ....

GimmeEuros ....

xerxes said...

They're trotting them out today Dear Boris ... Next up Marc Faber

xerxes said...

Bloomberg says smart money shifting from junk bonds to equities

xerxes said...

Faber says to buy foreign assets and exit the buck which he's surprised still exists Dear Boris :-)

GimmeEuros

xerxes said...

Lately, price action seems to be less a function of any short-term fundamentals, and more predicated on the desire to continue to hammer the greenback until proven otherwise.

These Traders must come from Missouri Dear Boris :-)

boris said...

emini192 at DotNet

ofir said...

Dear Boris,

We have to wait and see.
It seems like all foreign Banks manipulate the shekel very easyly.
You can find almost every day a recommendation of the orderly foreign Bank to buy Shekel (Barclays, Merril, Morgan etc.), while most Israelis think the Shekel is a bubble.

boris said...

Unless we go under the 5th IHAP again, this market can go to new highs next couple days.
Watch a drop below 5th IHAP is negation of that potencial

Good Trading

xerxes said...

We made it under Dear Boris ...

boris said...

Thanks Dear Xerxes
This market has played this session very deceptively, thank god we knew what to keep our EYE on

GOod Trading Dear Xerxes

xerxes said...

I read today that stops were piles up at 1.4980 on EURUSD and when it hit, boommm ....

boris said...

HOOPTY DOO!

boris said...

they say crude selloff causing this
I wonder why?(:-

Good Trading

xerxes said...

Another mellow yellow afternoon I guess Dear Boris ....

Looks like we'll have to rescind the invitations for the parity parties, for now, anyways :-)

boris said...

All in good time Dear Xerxes(:-

Dear Readers, Please see the market prediction given to our subscsribers this morning.

Good Trading

xerxes said...

Dollar still 26 cents off its March high against the euro Dear Boris ... Every 10,000 mile journey begins with a step :-)

xerxes said...

Dear Boris .... Bloomberg is saying that demand for gold has waned as Indian peasants, that spend 70% of their profits on buying gold, have been suffering with poor harvests and sharply lower incomes ....

The stories they concoct when the buck catches a bid never cease to amaze Dear Boris :-)

boris said...

Dear Xerxes,
You need to listen to Bloomberg with only one idea.

Suspect everything they say(:-

boris said...

Dear Subscsribers Interest rate update on DotNet
Market Report

xerxes said...

What will happen to the price of gold Dear Boris if the Indian farmers start selling :-)

xerxes said...

Where do they find these morons Dear Boris.....Even a loser like myself wouldn't lose that kind of cash :-)

Salvatore Calvanese, the treasurer of Springfield, Massachusetts, for four years, had a ready defense for why he risked $14 million of taxpayer money on collateralized-debt obligations laden with subprime mortgages in 2007.

He didn’t know what he was buying, he says,

boris said...

Dear Xerxes,
It all reminds me old Soviet Union, where the jobs were given to people because of connections , seniority, whatever...

These people do not know anything and that is how WALL STREET wants.

Remember Orange County...

Multiply that by as many counties you have in USA and subtract just 1% and you have the number of BOZOS sitting in all these gov,municipal jobs, playing with OPM( other peoples money).

God Help us!

John said...

It is all about who you know, what group you belong to and all the other nonsense. If they want to ( which they will not) - he bought them because of some $$$ connections- brotherinlaw- or he was TOLD to buy them. Just like BHO was told to go to Copenhagen for the olympic nonsense.

boris said...

Dear John,
Exactly,

It is who you know and trust. Everything is taken.

Every inch of the USA is owned , even air we breathe is owned.

So, if you are starting from owning nothing, there is a great chance you will remain so, unless you are an A.. Kisser, and then still it is iffy.

Good Trading Dear John

John said...

I started with nothing and probably end up with nothing-

old john

xerxes said...

This one's for you Dear Boris :-)

For all the press coverage of the Middle East, there is one side of Israel that gets scant attention: the country's economy has the highest concentration of innovation and entrepreneurialism in the world today. For years, multinational technology companies and global investors have been beating a path to Israel. Even in 2008-a year of global economic turmoil-per capita venture investments in Israel were 2.5 times greater than in the United States, more than 30 times greater than in Europe, 80 times greater than in China, and 350 times greater than in India. And Israel still boasts the highest density of start-ups in the world (a total of 3,850 start-ups, one for every 1,844 Israelis). More Israeli companies are on NASDAQ than companies from all of Europe, China, India, Korea, and Japan combined."

http://www.cfr.org/publication/20531/marching_through_the_meltdown.html?breadcrumb=%2Fissue%2F2%2Feconomics

John said...

xerxes,

Real education is the answer- as my guy George would say " critical thinking"


old john

John said...

xerxes,

Real education is the answer- as my guy George would say " critical thinking"


old john

xerxes said...

Dear John .... The 'locals' I talk to there complain about how state schools are on the dumbing down bandwagon as well .... Maybe it's in the air/water :-)

boris said...

Maybe it is a brain dump old USSR did onto Israel, which included people like me, which Israel ended up getting

FREE
( imagine the education Dollars it would have taken to create 10's of thousands of academics, such as me).

Israeli Universities would have taken thousands of years to create such talent. Old USSR was a stupid country not to take advantage of the BRAIN POWER.

Let's leave it there

boris said...

Just to complete the thought above, one should even forget the money it would have taken to create so many academics.

Just think of

1) It was, almost an instand dump of the brains. Imagine you could have children without husstle,expense of raising them!!!

2) It was the quality of those people that came over from USSR. They, were not raised on Barbie and Ken toys. They understood hardship and determination to get out of it via education.

Those thow attributes, My Dear Xerxes, cannot be purchased for any price of education. Ask USA system of education. Most of what it produces is not at the level, and that is the reason over 50% of PHDs in USA schools are from Asia and other countries.

Reason is simple, environment, the life style in USA and Israel, by the way, today, does not allow to create the same kind of human, brain power that Israel got in 1990's from Old USSR

You cannot get them today anywhwere, as the competition for those kind of people is great and every country needs what they produce and , again, the education aside, the kind of a humans that were produced in OLD USSR are hard to produce today, due to the culture change ( EVEN in ASIA!)

Good Trading Dear Xerxes

xerxes said...

Bloomberg is saying that we need 4 or 5 years of 5% inflation to devalue debt and eliminate the negative equity position of homeowners.....That's exactly what we need Dear Boris.....can't wait to see granny dumpster diving on the next reality tv show entitled 'grandmas in the urban jungle' :-)

xerxes said...

BoA/Merrill Lynch commodities desk in London says, look out Dear Boris, crude to surpass 100 smackeroos ... :-)

boris said...

moved to new post,
Dear Xerxes,
thanks for your reporting