Tuesday, December 08, 2009

market still grinding

What I really wnated to say below is that "downside potential is more likely" in terms of the time and size of the drop, while upside is more limited.

81 comments:

boris said...

xerxes said...
Bloomberg currency clown just told us that their main trade for 2010 was to be long usdjpy dear boris .... and good morning :-)

12/08/2009 2:47 AM


xerxes said...
In contradistinction, Dear Boris, Philip Manduca said that the pain trade is a USD squeeze so he expects the buckeroo to catch a serious bid in the near-term before another crush in 2010 ... He was not sanguine or pessimistic about shares as he says private individuals are out and institutions are all in so we have a standoff ...

12/08/2009 3:36 AM


boris said...
Bloomberg currency clown!
Ha that is a nice occupation
Only Bloomberg can afford to pay money for that(:-

I know what you mean though

and Good Morning and Trading TO you
Dear Frirend Xerxes

12/08/2009 3:40 AM


boris said...
Aah, this menduca guy, he seesm to knw thing or two ha?(:-

12/08/2009 3:41 AM


xerxes said...
Yes, Dear Boris ... I didn't catch the name of the outfit that the clown worked for ... If I did, I could maybe save some friends some pain :-) Manduca seems to be less of an obsequious flatterer Dear Boris ....

12/08/2009 3:46 AM

Wanderer said...

Dear Boris,
Good morning.
Thank you.
Good trading dear friend.

Bert

xerxes said...

German October Industrial Production Drops 12.4% On Year, Consensus 10.2% Fall

German October Industrial Production Down 1.8% On Month, Consensus 1% Rise

They've been talking up how Euroland, especially Germany and France were out of recession and moving ahead nicely ... I guess not Dear Boris ... And interestingly, Bloomberg didn't even mention this data, even in passing ... no news is good news :-)

xerxes said...

Bloomberg seems to have some kind of Schadenfreude with this Dubai debt biz Dear Boris

xerxes said...

From London Times article:

The secret of Japan’s exceptionally low birth rate is out — more than a third of married couples do not have sex.

A Government survey suggested that 34.6 per cent of couples had not made love for more than four weeks. "My research shows that if you don’t have sex for a month, you probably won’t for a year....

boris said...

Dear Bert,
Good MOrning my Very Dear Friend
Good trading to you

boris said...

Dear Xerxes
Good Info.
Thanks for keeping US abrest of important info.

Where is Gimmi EUros(:- ?

I start to worry about EURO bottom on days when you do not mention the that phrase(:-

Good Trading Dear Friend

boris said...

Dear Xerxes,
Secret to Japanes not having sex is in the money.

Nobody can have sex after struggling with calculations of one's wealth in Million Yen.

They ought to make it easy on themselves so that MRS Vatanabe does not have to spend hours in figuring out what to do with her money.

You know in Japan, women decide when and how much to spend!

Good Trading Dear Xerxes

My remede for all of that to reissue new YEN which is 100 times bigger than current one and that will mean that Dollar yen will ba about one, just like Swissy Dollar.

Now Swissy are not doing so great in births, so , to really do well , they must make One Dollar
worth about 7 Yen. that will do it.

xerxes said...

Yes, lack of intromission amongst Japanese couples is critical info for this board :-)

As far as gimme euros goes, when Tricky mentioned the other day that he has full faith in Geithner's 'strong dollar' policy I had to abandon the my 'strong euro' mantra :-)

boris said...

Update about OIL forecast
On DotNet

John said...

Boris

Good morning

old john

xerxes said...

Fitch downgrade Greece .... Gimme Buckeroos :-)

xerxes said...

Futures in the doghouse Dear Boris ... Maybe the Goldmen have bigger fish to fry Dear Boris ... Bloomberg is talking about how the Goldmen have their eyes on Japanese M&A activity ... Maybe they've tired of the s&P sandbox and are handing it over to the dogs :-)

xerxes said...

Betty Liu says that Moody is talking about USG rating ... Don't they know who butters their bread Dear Boris :-)

xerxes said...

Cash for caulkers 23 billion ... Home Depot CEO smiling

25 billion for infrastructure problems...

extending UE payments

small biz incentives

these 4 points are to be expoused by obama today

xerxes said...

Greece downgraded, euro sinking ... all I can think of is this from Virgil's Aeneid: "Timeo Danaos et dona ferentes" i.e., beware of Greeks bearing gifts :-)

xerxes said...

Today's lucky number is five, cinco funf Dear Boris :-)

John said...

Boris

Left a feedback on the site--no hurry

old john

xerxes said...

DEflation Dear Boris, the excuse Kroger's is using for their woes and plummeting stock price ... Sell Gold and buy the buck ...

Venezuela CDS' soaring dear Boris ... Sell Gold and buy the buck

German industrial production crashing ... Sell Gold, Sell Euros and buy the buck ...

Bloomberg says we have a runaway market ... Sell Gold and buy the buck ...

Bloomberg is asking is Greece the next Dubai? ... Sell Gold and buy the buck ...

That was this morning Dear Boris ... I reserve the right to buy euros later todsay :-)

xerxes said...

Bloomberg says the buck is at a 1 month high .... Recovery is slow, weighing on the market ... We're approaching year end and it is a 'little risky' to put your money to work

boris said...

emini 219
On DotNet

boris said...

Dear John,
Very interesting question about refiners.

I lef the answer for all subscribers interest.

Thank you My Very Dear Friend

boris said...

Market is over the cliff!
No LifeGuard Around(:-

xerxes said...

Dollars 'save' Dear Boris ... Wow is the man who hoards the relic ....

Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
And don't forget to exchange your scrip and gold for dollars

xerxes said...

AP:TORONTO) Canada's central bank is holding its key interest rate at a record low 0.25 percent and is reiterating its expectation that it will keep the rate there until the middle of next year.

The Bank of Canada said Tuesday that while significant fragility remains, global economic developments have been slightly more positive and the global outlook has improved modestly from the bank's expectation in October.

The bank also renewed its warning about the negative impact of a high Canadian dollar.

boris said...

1087 was an abc SUPPORT.
mARKET COULD HAVE RECOVERED, UNLESS THAT BREAKS AGAIN


!!!!!!!!!!!!!

xerxes said...

Andy Xie said that Bernanke is feeding the US economy poison with his ZIRP ... An old Chinese proverb says that even drinking poison will quench one's thirst ... Roach says that Bernanke won't raise interest rates fast enough causing the next, and bigger, crisis ...

But today, Dear Boris, antidollar is in crisis, having drunk from the dollar debauching chalice for way toooo long ...

Buy the buck

xerxes said...

SPX and the relic are rising the longer the Big O talks Dear Boris ... He's got all the answers :-)

John said...

Boris,

thanks for the answer on the feedback. i was thinking out loud.


old john

boris said...

Dear John,
Your thinking is always balanced
regardless of it being loud or whisper.

Love You Dear Friend.
Besides,
I am always happy to see all of you thinking.

In fact, I do not mind being poked even more with ideas from all of you.

Good Trading Dear Friend John and all Subscribers and Readers

boris said...

Update about current market conditions on DotNet

Good Trading

boris said...

The Wall Triumphed So Far

LONG LIVE THE WALL!

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boris said...

Are You People Interessted what the above Japanese text means(:-

Well, With Whatever little Japanes I know(actually I know ZERO Japanese(:- ) and GOOGLE TRANSLATEOR help. Here is the text I can offer. YOu decide what this poster wanted to tell me!(:-

WOW!

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xerxes said...

Good Morning Dear Boris .... That kind of spam can ruin the comment section dear boris if they bombard your blog

boris said...

Well,
Good Morning Dear Xerxes,
Hopefully, they do not do it anymore(:-

Good Trading Dear Xerxes

xerxes said...

Some chump from the London School of Economics said on Bloomberg that it is "5 minutes to midnight" as far as Greece is concerned Dear Boris ...

xerxes said...

A bloomberg guest says UK public sector employees make twice their private sector counterparts and the government has been hiring ....

xerxes said...

Fitch says that they aren't sure that the EU has the will to do what is needed to save greece should that day arrive Dear Boris .... Sounds like they aren't finished letting the euro slip yet :-)

xerxes said...

Greece could be first sovereign default in Europe since Germany's 1948 default, according to Bloomberg, Dear Boris ...

boris said...

Well, Dear Xerxes
Until recently it was USA that was deemed to be defaulting.
Now it seems like it is all about EURO.

Do you get the feeling these Media Pandits are saying what we want them to say and when we want them to say it(:-


Good Trading Dear Xerxes

xerxes said...

Scott Mather of PIMCO thinks a declining buck is a good idea as it boosts exports .... How long can they pump this kind of tripe Dear Boris .... I keep Pepto Bismol near by as a defense :-)

xerxes said...

Maybe Fitch is a subscriber Dear Boris, so you get what you need when you need it :-)

boris said...

Yes, Must be,
(:-

Good Trading Dear Xerxes

boris said...

Well,
Dear Xerxes
I called PIMCO, PIMPO ,
Lovingly, of course
Nothing prevents you from calling them

PUMPO, and/or DUMPO
either(:-

Wanderer said...

Dear Boris,
Good morning.
I hope that you are well.
Thanks a lot.
Good trading dear friend.

Bert

boris said...

Dear Bert,

Very GOod Morning and
Good Traing to you
My Very Dear Friend

boris said...

emini220
On DotNet

John said...

Boris

good morning

old john

xerxes said...

Alistair Darling is to tax all bonuses over 25k squids at a flat 50% and this includes foreign banks, especially the Goldmen, effective immediately Dear Boris ...
Will they crash the pound now :-)

boris said...

Dear John,
GOod MOrining and
Good Trading
My very Dear Friend

boris said...

Dear Xerxes
As Long as they tax GS, Good
Nothing else is important.

Take their money away.,,\
(:-

Come to think of it is our money(:-

xerxes said...

Yellow, Dear Boris, Yellow :-)

xerxes said...

Spain in the hot seat Dear Boris ... Greece was yesterday's news

boris said...

epidemic will finally get the biggies ( Germans and French) and then EURO will mae bottom(:-

Watch!

xerxes said...

Funny, Dear Boris and I'm sure you'll be proven correct :-)

boris said...

we have reached the top of the area and are getting rejected

xerxes said...

Bloomberg says that the Greek banks were downgraded as well .... Greece keeps almost all of its reserves in gold Dear Boris ... Maybe they're trying to force a (fire) sale :-)

dimitry said...

Dear Boris ! Question in feedback

boris said...

Dear, Dmitry,
Answer was placed same place

GOod Trading My Dear Friend

xerxes said...

Crude crashed and the buck is still down across the board .... Please make a question out of that and kindly answer it for me Dear boris :-)

dimitry said...

Dear Boris , thank you and sorry if I got you angry. I was in a harry to post the question and it probably came out a bit rude.

boris said...

Dear Dmitry,
I did not get angry on you
I got angry on myself that I cannot formulate the ideas, concisely and understandably enough to make , Never cause a confusion as to where I stand.

I honestly, thought that I have , somwhere, inadvertently given the idea , that was deserving the question!!!

In any case, I , actually appreciate the question as it gave me opportunity to clarify, what My intentions are( not that market will listen to it(:- ), as there may be others who were not sure, exactly what my thinking on the subject is

Good Trading Dear Dmitry

xerxes said...

Good Morning Dear Boris

xerxes said...

Bloomberg says that the rating agency, S&P is really an acronym for 'Spain & Pain' Dear Boris ...
Portugal is on credit watch negative as well, I believe they said ... They haven't mentioned the other Mediterranean powerhouse, EU member, Malta, not yet anyways :-)

boris said...

Dear Xerxes
Good Morning Dear Friend

MALTA(:- , Yes, I know what you mean

Good Trading Dear Xerxes

xerxes said...

The relic dropped some 9 percent Dear Boris, very quietly ... Ominous?

boris said...

see relic and other immediate targets on DotNet
Today's MarkeUpdate

xerxes said...

9 out of the last 10 years have seen declines in shares in the dec/jan period dear boris ... the oct/nov time frame is usually defined as the danger period ... must be an urban legend :-)

xerxes said...

30 min SPX shows a steep declining channel that started about 2 weeks ago with yesterday's rally abutting up against the top ... freefall today Dear Boris :-)

xerxes said...

Did you hear that Bloomberg mentioned that China was seeking financial aid from USA for some initiatives being promulgated in Copenhagen, dear Boris ... chutzpah :-)

xerxes said...

SNB said it was going to stop bond purchases while yesterday Geithner wants TARP extended .... SNB also said it would continue currency purchases ... Buck rallying on the news Dear Boris .... Bloomberg says Spanish bank shares sinking ... so what :-)

xerxes said...

Futures surging Dear Boris ... Is the SNB going to intervene now :-)

xerxes said...

Bloomberg says George Soros has a net worth north of 10 billion USD ... Breaking the BoE does have its benefits Dear Boris :-)

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading, dear friend.

Bert

xerxes said...

Every hour, Bloomberg is reminding us that Greek bonds are declining Dear Boris; no crescendo yet, I think, but they're trying to make hay out of the Baltic states ... This dog isn't running :-)

boris said...

Dear Bert,
Good MOrning and
GOod Trading
Very Dear Freind

xerxes said...

the relic is trailing futures Dear Boris ... Has it lost its luster consequent to the blowout employment gains down under ....

xerxes said...

Some guest chump on Bloomberg says that with rising GDP, positive CPI and turning employment, the reflation trade is dead ... As gold, crude and financials have cratered, confirming this thesis, its time to buy low beta like utilities, tech and tips ... I say GimmeEuros :-)

xerxes said...

Check out what Jimmy's doin' Dear Boris:

NEW YORK (Reuters) - "Well-known investor Jim Rogers said on Wednesday he has been buying dollars over the past two months to bet on a near-term rebound, but remains very bearish about the U.S. currency over the longer term.

"Over the past couple of months I have been accumulating U.S. dollars ... because there are too many bears," Rogers told the Reuters Investment 2010 Outlook Summit in New York.

But he said the global financial crisis is merely in a temporary reprieve. Longer term, huge U.S. government debt issuance and a debilitated dollar will drag the world into a deeper crisis, he said.

boris said...

Moving to new post!