Saturday, October 17, 2009

Dylan Ratigan On Sopitalism


Ratigan On Sopitalism
Or How Goldmans Are Robbing US Blind
Dear Dylan,
I totally support your fight to bring Honest America back to Honest Americans. As former Bloomberger I like to tell you , a former Bloomberger( same time we woked there) that keep on , we need people like you. Now to just help you simplify the nomenclature, Cronie, Capitalism, Corporate Communism etc. are not simple and memorable and frankly, do not convey what they need to. As someone growing up in so called Communist Society(USSR) and Living under so called Socialism( ISreael) and after 35 years in USA, I can tell you none of them describe the truth about the way the entire world works. USSR was not Communist, Israel was not Socialist and USA is not Capitalist( at least, not free capitalist). What they all are is SOPITALIST regimes. SO(cialsm) for ca(PITAL)(I.E. RICH) only.So, you get SOPITAL , Ha, if Marx saw the Communism as practiced in USSR he would have changed his landmark work from CAPITAL to SOPITAL. Ok no that we got the systems right and know that they are all SOPITALISTS, the real difference between them is the degrees of sophistication of how the STEAL money from average citizen that is all. Of course, there is no GULAG in USA either, so there are some more nuanced differences, but not much at the end of the day. Now, if people would ike to learn more about SOPITALISM they can visit my site http://borisc.blogspot.com and http://www.antisopitalist.net and learn more about it and how to deny the GOLDMANS their ability to make money. Because when we know how markets work , we will not give them chance to make money on US.
Good Trading Dear Dylan

68 comments:

John said...

Exactly the reason why the education system sucks, to hide all the nonsense.

old john

I sent you an email as answer on what my plans are.

boris said...

Dear John,
Did not see email.

Myabe my email box was overloaded

Could you resend
Good Trading Dear John

Peter said...

Dear Boris,

I have sent funds for subscription
on 9/10 but so far have not received any instructions/acknowledgement.

Have I missed something?

Regards

Peter (Australia)

Peter said...

Thanks for the link and commentary.
Helps put things into perspective.

boris said...

Dear Peter,
I have send you couple emails back and have not been able to commincate with you.

Could you check if your email is full or perhaps my staff is going to spam folder.

Please let me know on my email bchikvash@aol.com
if you get no response
Please poke me again here

I was worried about what happened to you(:-

Ok, all is fine Dear Peter,

I am sure ISP is having some email problems, we shall fix that or go around it.

Good Trading Dear Peter.
I am glad you finally chose this way to communicate

Peter said...

Dear Boris,

Thankyou for your kind reply,

I looked in the spam folder as you suggested and there I found your letters.

All attempts at emailing you today
have failed - "reason: 550 MAILBOX NOT FOUND", etc)

Perhaps it is due to maintenace work.

I did have a temporary ID on your system associated with my email
address.

I will wait for that account to be reset.

Many thanks,

Peter


)

xerxes said...

Good Morning Dear Boris

xerxes said...

Didn't see any AP's for today Dear Boris

boris said...

Dear Peter,
What it is the temporary account name?

Please let me know, so I can rest it immediately

Also I am receiving emails on bchikvash@aol.com

I cannot imagine why your ISP would hav problems with it.

I do not like these problems!

I am mad that when I cannot serve the way I have to(:-

Dear Peter, sorry getting late back to you.

Please let me know immediately your Id so I can reset it

Good Trading Dear Peter

boris said...

Dear Peter, Your Id has been reset to your

ID=peterwb
PWD this was sent to you on your email. Please login.

I tried your login and it worked fine

Good Trading Dear Peter

xerxes said...

Bloomberg is saying Dear Boris, that gold is cheap and now is a good time to buy :-)

xerxes said...

PIMCO says get used to a weak USD Dear Boris ...

xerxes said...

Bloomberg says that if we have a cold winter one should invest in 'Campbell Soup' ... Is it on the shaker's list Dear Boris :-)

boris said...

I prefer to invest in Ntural gas
if it cold winter we are going to have Dear Xerxes

As for gold, I just chartered the Jet to fly to london and buy gol at Harrods(:-

Good Trading Dear Xerxes

xerxes said...

Well, Dear Boris, they said gold was cheap as it hasn't kept up with the price of 'bread'...

They mentioned nat gas Dear Boris AS an alternative to Campbell's but they said that there was tons of supply to meet any surge so its better to get the mushroom soup for your trading account :-)

Wanderer said...

Dear Boris,
Good morning.
I hope that you are well.
Thanks and good trading.

Bert

xerxes said...

UBS has gold target of 2050

boris said...

Dear Bert,
Good Trading to you My Dear Frined.

Good Morning Dear Bert

xerxes said...

Bloomberg says there was a gas strike down under ... Sydney to be the site of a petroleum exchange? AUD ... the new reserve currency :-)

boris said...

emini190 On DotNet

boris said...

5 minute data, a bit late, but there

Good Tradng Dear JOhn

boris said...

Something seems to be wrong with the DotNet,
It is either slow or crapped out.

As I put 5 minute date 4 minutes ago and still wairing for the screen to be saved!

Good Trading

xerxes said...

PIMCO wants to offer stock funds Dear Boris, as per Bloomberg....

Bernanke talking now ...

boris said...

Thanks Dear Xerxes,
It must be hard to make money in Bonds, So PIMPO wants in on the stocks(:-

Bernanke Who(:-

Good Trading Dear Xerxes

boris said...

UPdate about Markets, for short term traders

xerxes said...

The green road for equities it seems Dear Boris

boris said...

Market Update On DotNet
UNG connection

xerxes said...

R U going to miss the P-A-R-I-T-Y parties Dear Boris over the next 48 hours :-)

xerxes said...

New high for AUDUSD Dear Boris...

D said...

Do I dare say that was the top in after hours???

:)

John said...

Not if the dollar keeps falling

D said...

It's been a while now and everyone has forgotten that the market and dollar rallied together from April 2007 into June when both topped. As the early June lows were retested the equity market diverged from the dollar and began rallying to a new all time high of 1555.90 while the dollar continued selling. The equity market caught up with the dollar's decline in August and then we had the equity squeeze into the final high in October at 1576.09.

Following that top the dollar and the equity market traded with pretty good correlation all the way to new lows in March 2008 when they both bottomed.

Be cautious assuming dollar down/up means the equity market will move inversely ST/IT as that has become somewhat of a foregone conclusion.

John said...

I was with Boris then and caught that correlation. This correlation will end eventually, they all do.

D said...

exactly...

I wouldn't be the least bit surprised if they staged a dollar panic to send equities down.

xerxes said...

Dear D & Dear John...I thought today's S&P move was impulsive (as part of a 3rd wave of some kind) which suggests that more upside awaits us ...

xerxes said...

Funny how Bloomberg claims that US multinationals are howling from pain stemming from the declining dollar as the decline far exceeded their expectations, and thusly, they were inadequately hedged, hurting earnings ... They should have purchased a copy of SeeFuture :-)

xerxes said...

Bloomberg says that the 'ipod index' reveals that the euro is 50% overvalued vis-a-vis the buckeroo Dear Boris...

xerxes said...

Bloomberg says, Dear Boris, that the French are whining that they can't unwind European stimulus programs because of the weak buckeroo ...

xerxes said...

Dear D...nice call:

....I wouldn't be the least bit surprised if they staged a dollar panic to send equities down......

Maybe that is what the French statement was intended to do ....

xerxes said...

Bloomberg spent all day talking about the various parity parties I had mentioned recently ... Do you think they jinxed it Dear Boris :-)

boris said...

Dear
John,
D,
Xerxes,
Thanks all for you lucid comments.
It looks like nothing extraodinary happened yet, but we got closer to all the things we though we shoud get to.

Keep up the good work and keep up the markets.

I am back very soon

Good Trading Dear Friends

xerxes said...

'At Some Point', Dear Boris, I may learn to buy sterling the moment you say so :-)


Oct. 21 (Bloomberg) -- The pound climbed to its highest level in a month against the dollar after Bank of England Governor Mervyn King said Britons should start preparing for interest-rate increases.

The U.K. currency also jumped against the euro and the yen after King, writing in an opinion piece published today by the Herald newspaper of Scotland, said rates will rise “at some point” and “it would be wise to take this into account.”

D said...

We are still levitating...

SPX 1100+ check
DJIA 10100+ check
Oil 80+ check
EUR/USD 1.50 check

NDX 1800 ???

Mike Truong said...

Dear Xerxes,

I commented about the strength of the pounnd a couple of weeks back when it seems to keep heading down. I saw the 1.57 flashed on my screen but failed to take advantage of it. Something else is interesting that I notice is that there seems to be a 6 weeks cycle on the pound. We're getting close to the end of a 2 weeks up move so I suspect we may get a range trade for 1-2 weeks before heading down again. All relative of course in that we may seasonally be in an up move so down move will probably be quite muted. Also get your first parity party going for usdchf. AUDUSD shouldn't be too far behind...

xerxes said...

Dear D & Dear Mike.....Bloomberg is saying that the 2 year swap market rate is pricing in big interest differentials between the buck and antidollars with the european currencies having rates way above the buckeroo, thereby driving everything up (risk?) and the buck (safehaven) down...That plays off what King said today.....I can't count how many times they said that 1.5000 is a key 'psychological' level; so that is my first parity (and a 1/2 :-) party) to come about :-)

I trade the chart/AP's with an eye towards the news with regards to quids Dear Mike; I'll check out that cycle biz, thank you....Your USDCAD tip was great...Check out today's action .... It did just what you said it would :-)

Dear D....They didn't take out the S&P 500 high yet, I don't think...
But what if the buck declines with equities?

D said...

i am leaning towards the orchestrated dollar panic a la 1987 style sell-off (mini-version?). It fits with the no-dips rally we've had and the lack of extremely bullish sentiment about gold. Fast correction to catch everyone off-guard and scare everyone into anti-dollar only to pul the rug out from under them when they all step onto it.

:)

xerxes said...

Dear D...Isn't everybody already in the antidollar camp? :-)

D said...

i agree, but the only thing i haven't seen is extreme fear about dollar collapse yet.

Mike Truong said...

yeah. No giselle's comment of not taking dollar...NO j6p saying that should get yen, euro, pesos etc...The dollar's time will come but I suspect it will not be very long as a strong dollar destroyed a lot of what the Fed is trying to do..

xerxes said...

Dear D....Not only is there no talk of a USD collapse, but everybody is saying 'bring it on'....For instance Bloomberg said today, that the Aussies said, that they had no fear of a surging AUDUSD .... Only the French were lamenting the USD slide but the Europeans said that they'll manage with a strong euro ...

D said...

There is one thing for certain and that is that not everyone is on the same side of the trade. If every prole and investment letter out there is anti-dollar you know how that plays out.

xerxes said...

Dear Mike ... 'The dollar's time will come' is a truism like 'Every dog has his day' ... If the days of this equity rally is numbered, and I believe they are, will the buck rally with the decline in the S&P? Today EURUSD rallied 1%...Other pairs did more from their lows, but the S&P only rallied 1/2% ... Maybe, just maybe, the near perfect negative correlation is being busted ... So shorting EURUSD into this imminent S&P decline may turn out to be a dog's breakfast rather than a ticket to easy street .... I like the dog idioms :-)

Mike Truong said...

Dear Xerxes,

I always say look at their actions and not listen to their words. For me the CAD and AUD can mouth off all they want about a stronger AUD and CAD but it is because of the main mother ship China that is sopping up the excess of AUD and CAD strength. Euro and Pound are scared too death of the stronger EUR and GBP but are quietly trying to find ways to work around it. My thinking is that they are still buying into the V recovery of US consumers. I supposed if that turned out to be a farce, and that is my thesis also. The ROWs would not be hesitant to competitively devaluing their currencies if it mean the survival of their people. The wild card is still China. It can distort the picture much longer than many have given them credit for. Not sure if they will succeed in their quest to be semi independence from the dollar but it will be dramatic for sure.

xerxes said...

Dear D ... Every ding dong can leverage many multiples of their equity accounts against the buck ...
The more the buck heads south the more equity per ding dong, the more they can short ...

Here it is 9:30 EST, the S&P 500 is negative but the buck is down from 1/2% to 1.5% ...

Mike Truong said...

Dear xerxes,

Ok how about we make a friendly call of where we think euro will end the week. I say that we'll close right around 1.4950 area thus creating a perfect weekly doji. My bet is a breakdown since too many "FED"heads type a saying what is too obvious. I don't trust them at all. For me I think we have seen the weekly tops in almost all the antidollars today.

xerxes said...

Dear Mike ... Funny thing about the CAD...Yesterday wholesale sales and leading indicators disappointed and USDCAD soared ... Today, all was forgiven and the buck looses 200 pips ... Tomorrow Canadian retail sales are to be released ... Likely to disappoint .... More yoyo action? A slick trader can make a good living trading this pair ...

Mike Truong said...

yes. Unfortunately for me. I usually wake up too late to catch the good part of the ride. I suppose I can go long/short at certain interval, watch it, and once in the green just set stop losses but CAD is notorious for whipsawing so stop losses can be taken out quite easily. I am glad you are making money on the little relationship I noticed awhile back. Here is a longer term cycle someone else showed me on CAD. there is a distinctive 11-month cycle. Currently we are in the uptrend of this cycle which is suppose to peak around late Nov to Dec. Weird to think like that but it is what it is.

xerxes said...

Dear Mike ... I think your guesstimate is very reasonable ... I have been trying to use the tight correlation with equities as a guide as to when we get a good dollar bounce/surge ... I thought that we were in a final wave north for shares and we'd get to 1120/10250 or so ... Consequently, I figured EURUSD would get to 1.51 and change, hence all my parity party talk ...
The S&P 500 lost nearly 2% while we were chatting ... Makes me wonder if this last wave hasn't already truncated and the tops you talk of are to be the tops for a while to come ...

xerxes said...

Where are you located Dear Mike ... I thought you were in London ...

Mike Truong said...

No I am in California. I like the pound because of its history of wild mood swings...:-)

Mike Truong said...

Dear Xerxes,

Did you see the CHF bounced of its 2nd DLAP?

xerxes said...

Dear Mike ... Dear Boris didn't give us any AP's today ... The one you mentioned was from yesterday but it was a direct hit anyways ... Maybe I should have used them anyways as they still seem to work :-)

Yes, if you are out on the west coast you'd need to get up before 3 am to get the good trades on the loonie ... I think, in general, the European session is good to trade ... Nice swings but with a bit more time to think about what your doing ...

Mike Truong said...

Well for Euro,

I have a daily channel up to 1.5250 which is also the 78.6 fib. Could we get there? Maybe...but the price action as of late as well as the action in CHF seems to imply some kind of top is coming. It is so hard to probe these tops I tell ya. Although I am starting to use more of boris's techniques to try and find them.

xerxes said...

Dear Mike ... Remember when I posted back in the summer about GS claiming that the 'devil's excrement' would reach 85 ... 82 was printed today ... Less than 5% shy of the target is within margin of error I think ... Boomm

xerxes said...
This comment has been removed by the author.
xerxes said...

When you got GS in your corner, who needs any steenkin' reasons :-)

“Investors have become too optimistic,” said Tomokatsu Mori, an equities manager at Fukoku Mutual Life Insurance Co., which manages about $61 billion in assets. “There’s simply too much production capacity out there that’s not going to be coming back on-line, and without that happening the economy can’t spring back to life. How can stocks go up if that’s the case?”

xerxes said...

Do we have a canary Dear Boris:

South African Rand Plunges To 17-day Low Against Dollar
4 minutes ago
(RTTNews) - During early trading on Thursday, the South African rand declined to a 17-day low of 7.5245 against the US dollar.

xerxes said...

Bloomberg talking about EURUSD going back to 1.60xx .... Last trasde: 1.4954 down 60 pips so far today