Tuesday, April 27, 2010

Were You Reading This April 27 ?

Should be DLAP4(mistake on chart, DLAP3)

111 comments:

boris said...

ear Ivan,
Dear Xerxes
Thanks for a great infotainment

Good Trading all

4/27/2010 7:19 AM


Ivan said...
Dear Boris, it would be boring if we were all in the same anti-dollar camp :))

The only one problem: I don't like to be outside of your camp.
You know the phrase: Football is the game in which the Germans win.
So, I could say: The markets are the game where, at the end, Boris was right. :))

4/27/2010 7:31 AM


boris said...
Dear Ivan,
Thanks for the compliment.
If id did not prove to myself, I was right many times, I would not insist repeating forecasts.

Even, so, I have been humbled enough times by markets to know, My crystal ball is not forever(:-, destined to be right and certainly not all the times.

GOod Trading Dear Ivan

4/27/2010 7:35 AM


john said...
Boris

good morning--quick jog

old john

4/27/2010 8:24 AM


boris said...
Dear John
Enjoy jogging
Please come back in time
We could be having interesting day
today

Good Trading My very Dear Friend

4/27/2010 8:35 AM


boris said...
emini307
At
MarketReport

4/27/2010 8:37 AM


Ivan said...
I would buy EURGBP here at 0.8670, short-term.

4/27/2010 9:53 AM


xerxes said...
GGB 3.80% 20/MAR/2011 priced 92.20 to yield 15.053

Starting to become interesting if one thinks they won't default

4/27/2010 10:34 AM


xerxes said...
The relic has moxy Dear Boris

4/27/2010 11:18 AM


Mike Truong said...
Dear Boris,

DLAP4 on SPX got sliced hard. How rare is such an occurrence dear Boris?

Michael

4/27/2010 11:37 AM


boris said...
This is an earthquake magnitude of 6 on Richter scale, Dear Michael
Good Trading all
and


Please let us move to new post

4/27/2010 11:42 AM

john said...

Boris


excellent-- thanks

old john

boris said...

Welcome
Dear John
My Very Dear Friend

xerxes said...

I am short EURUSD Dear Ivan so far for today anyways ...

Dear Xerxes, until I see the change, EURUSD is SELL for me

EURUSD is off 145 pips at the moment...Your a great teacher Dear Boris :-)

xerxes said...

I can't thank you enough Dear Boris :-)

boris said...

Dear Xerxes,
how/why do I deserve that?

Good Trading Dear Xerxes

xerxes said...

April 27 (Bloomberg) -- Greece’s credit rating was cut three steps to junk by Standard and Poor’s, the first time a euro member has lost its investment grade since the currency’s 1999 debut. The euro weakened and stock markets throughout the region plunged.

xerxes said...

Greece was lowered to BB+ from BBB+ by S&P, which also warned that bondholders could recover as little as 30 percent of their initial investment if the country restructures its debt. The move, which puts Greek debt on a par with bonds issued by Azerbaijan and Egypt, came minutes after the rating company reduced Portugal by two steps to A- from A+.

xerxes said...

The spread on Greek 10-year bonds over German counterparts widened 23 basis points to 675 basis points, the highest since at least 1998, as investors increased bets that Greece will restructure its debt. The Portuguese spread jumped 59 basis points to 277 basis points, and the Spanish spread rose 12 basis points to 113.

xerxes said...

The EU’s inability to contain the Greek crisis is sparking concern that other countries will have to fend for themselves and will struggle to win support from European parliaments. Portugal’s PSI-20 benchmark dropped 5.4 percent today, the most since the aftermath of Lehman Brothers Holdings Inc.’s collapse. Spain’s IBEX 35 Index dropped 4.2 percent.

xerxes said...

Portuguese Finance Minister Fernando Teixeira dos Santos said today his government needs to react to “attacks by markets” and will do what’s needed to reduce its deficit.

Even if it means selling the governments private stash of 1963 Quinta do Noval Portos to the highest bidder ... Yeah right

xerxes said...

Investors in Greek bonds may get back between 30 percent and 50 percent of the value of their holdings should the government default or restructure its debt, said S&P.

xerxes said...

The Greek downgrade “together with Portugal and the widening of spreads means that other euro- area countries appear to be sliding to a similar fate.”

Gimme a G Gimme an O Gimme an R Gimme D Gimme an O Gimme an N .../. What's that spell SQUIDS what's that spell SQUIDS!!!

xerxes said...

There still selling euros Dear Boris but I need to crash .... Hasta manana Querido Boris and thank you once again :-)

xerxes said...

Good morning Dear Boris ....

Morning chat on B-berg is about CONTAGION Dear Boris ....

xerxes said...

'Dominoes' are falling Dear Boris

xerxes said...

BILD: "We Don't Want To Pay For Greek Luxury Pensions"

xerxes said...

45 billion doesn't equal 300 billion, the amount Greece needs ...
296 billion euros in debt out there ... S&P says it's worth .30 Dear Boris .... 200 billion in losses coming down the pike .... When is Tricky gonna fire up the presses Dear Boris

Ivan said...

Dear Boris, Xerxes and All,
on Friday or Monday, USDCHF should enter into BUY zone on daily basis. On weekly basis it is already there. The last time we had such a situation in the middle of 2008. In that period USDCHF went from 1.00 to 1.23. I don't know is this the same context but...

boris said...

Good Morning Dear Xerxes
GOod Trading Very Dear Friend
Thanks for infotainment

Ivan said...

Of course, I meant on buy and sell in my trading system.

xerxes said...

B-berg guest voicing surprise as to how little EURUSD has declined Dear Boris .. They're surprised that it isn't sub 1.30 and the support is being attributed to sovereign wealth funds .... But if speculators continue to drive down EURUSD they think sovereign buyers will step aside

xerxes said...

20/MAR/2011 3.80% now 88.89 yielding 18.40%

xerxes said...

Dear Ivan .... The real money is going to be made in the GGB market ... I wish I was smart enough to take advantage of this golden opportunity

boris said...

Dear Xerxes
If you are so inclined
and can catch( get the tip from Dear PAPO) then buy the GEEK banks at appropriate time, that is all you need to do.

Simple enough for me

GOod Trading Dear Xerxes

xerxes said...

EURUSD moving closer to the Goldmen target Dear Boris :-)

xerxes said...

Why shares Dear Boris .... The bonds themselves are better :-)

boris said...

Well, Dear Xerxes
I thought you had problem of doing that, even though there should be none. Your broker should be able to arrange nice chunk of GGB for you(:-

Good Trading Dear Xerxes

xerxes said...

B-berg says Portuguese government is in denial as the spreads and yields widen Dear Boris

xerxes said...

Too early to buy GGB's I think Dear Boris .... The time to have bought Russian debt was after, not before the 1998 default :-)

xerxes said...

Will Greece have to 'temporarily' exit the euro zone Dear Boris? B-berg is asking :-)

xerxes said...

According to B-berg, 2 year GGB's have reached 'dizzying' heights Dear Boris ....

xerxes said...

The Greek debacle is like an Ebola infection; may have to cut the leg off to survive

xerxes said...

B-berg OECD guest says that if the EU & IMF can't bring a credible plan and enormous amounts of cash soon to the table, default will happen Dear Boris

xerxes said...

Portugues GB 10 year yielding over 6% having lost 10% since February launch Dear Boris ... EBOLA :-)

xerxes said...

Portuguese politicians are blaming speculators as they haven't any problems .... Another one for the toaster Dear Boris

Ivan said...

Dear Xerxes, I think, inflation will 'save' the world, as always.
But, to compare (if I remember well): EU M1 money supply grew 950% in period 1980-2009. (about 30 years). Rome empire needed 300 years for such a destruction.

xerxes said...

Barclays says that Spain and Ireland will be downgraded next Dear Boris

xerxes said...

If the olive belt governments would hire all the speculators, put them all on the payroll, there wouldn't be anybody to short their bonds ... How's that for inflation :-)

xerxes said...

That was for you Dear Ivan :-)

Ivan said...

Stocks should go UP, soon.

Ivan said...

MERKEL TO MAKE STATEMENT IN BERLIN AT 4.45 P.M., GOVT SAYS

Just in time. They must save FALAP :-)

xerxes said...

Haircuts and collateral not bailout is the next discussion

xerxes said...

You're correct about inflation Dear Ivan as B-berg just said that Tricky will have to suspend his liquidity removal exercise and put it in reverse as banks with club med exposure are getting squeezed ....

xerxes said...

Event risk on EURUSD at 4:45 CET Dear Ivan .... Yes, they need to defend the point you mentioned Dear Ivan but Dear Boris once told me that surprises are usually in the direction of the trend ... So I'm going to take the advice posted on dotorg and pray :-)

xerxes said...

Financial Times says that the IMF may kick in an additional 13 billion and the gnomes of DC and the EU may pony up as much as 92 billion ... 92/296 = 31% Dear Boris; That's what the bonds are worth :-)

xerxes said...

Contagion in the air Dear Boris

xerxes said...

Investors are expecting haircuts on Greek Government Bonds Dear Boris according to B-berg ...

According to ECB rules, as collateral for ECB loans (the GGB) decline in value, the borrower (banks) need to cough up more collateral ... The Big Squeeze ... Print Baby Print

Ivan said...

Dear Xerxes, I think, in the next 15-30 min, stocks and EUR should start a move UP.

xerxes said...

S&P says investors could lose up to 265 billion euros on GGB's

Ivan said...

Oooops, the jump in stocks was during writing of the post.

Ivan said...

Dear Xerxes, they are trying to prevent you to destroy the stock market :-)) Do not be too brutal! And be careful: I think, after max 6-12 months of gyrations, stock will go UP again.

--'report coming in saying that spain are looking to impose a short selling ban; Greece has imposed one this morning'--

xerxes said...

Default, Default, Default ... That's what B-berg says is in the works

xerxes said...

Those bans are silly ... Not much of a hinderance to the Goldmen Dear Ivan :-)

Of course, Dear Ivan, shares will rise; I haven't heard anything different from Dear Boris :-)

xerxes said...

Italy cancelled a bond auction Dear Boris: "who wants to borrow at these rates"

xerxes said...

Greece needs to decide if they want to be Argentina or Mexico Dear Boris

Ivan said...

Dear Boris, regarding timing, I am 95% sure it was the top in stocks (though I think for now it is only local or intermediate). I leave 5% only for new marginally high.

boris said...

Dear Ivan, thanks

Good Trading Very Dear Friend

boris said...

emini 308
On Market Report

xerxes said...

IMF says Greece needs 125 billion euros Dear Boris

xerxes said...

20/Mar/2011 3.8% 90.00 29.658%

Appears there are a paucity of buyers even at these lofty levels Dear Boris

xerxes said...

Greek debt debacle is a 'race against time' Dear Boris

xerxes said...

B-berg tells us that the Swiss and Scandinavians are big buyers of the relic these days Dear Boris

boris said...

Update
On Relic
Market Report

boris said...

Update
On
MarketReport

xerxes said...

Now B-berg says Greece may get 150 or 160 billion euro package spread over 3 years Dear Boris ... I think they should just ask Ben to buy the whole Greek enchilada Dear Boris, perhaps swapping them with the MBS' he owns :-)

xerxes said...

135 billion now

xerxes said...

Fed day Dear Boris with 2:15 EST release .... Linguists fully employed today ...

xerxes said...

Greece just banned short selling resulting in new EURUSD lows Dear Boris

xerxes said...

Kahn, Tricky and Angela meeting finished and no hard details revealed on Greek problem

xerxes said...

Spain credit rating just cut

xerxes said...

S&P cut Spanish long-term outlook and included a negative outlook ... IBEX in the doghouse, EURUSD on the back foot, relic rising

boris said...

update
on Dot Org

xerxes said...

European dominoes are falling Dear Boris .... Spain is EU's 4th largest economy, a 1.6 trillion euro economy and the EU's highest unemployment rate .... When will they focus on Italy Dear Boris

xerxes said...

Only Bernanke can save the euro now Dear Boris .... He needs to revive those currency swaps or the euro is fooked Dear Boris :-)

xerxes said...

Spanish Debt/GDP is over 10% and the debt pile is enormous ... B-berg

xerxes said...

B-berg asks who will be next Dear Boris

xerxes said...

Marc Faber says that the EU should kick out Greece and anybody else that needs a bailout ...

Fitch and Moodys still rate Spain Triple A

boris said...

Update
DotOrg

xerxes said...

Axel Merck says that the Greek banks will ultimately be nationalized

boris said...

No Fear
Please, Just intelligent
sizing and stops

YOu will see this BS
Many times over

Stay cool and do your job

boris said...

These are kind of days
when APs earn their living

This is when their support can hold you when ELITE wants your valet.

This is how markets work and
If this day does not make one grow from juvenile to grown up man then there is no hope.

Once you have seen suckers trying to part you from you money you will know that there is to pull the INTELLIGENT TRIGGER

Good Trading Dear Subscribers

boris said...

No nothing is guaranteed
yet, the only thing that is
is that you are there and will pull the trigger to buy, sell or stop
when needed

So stay alert

john said...

Boris

thanks

old john

boris said...

Updates in Feedback
Good Trading

boris said...

Welcome Dear John
Good Trading My Very Dear Friend

john said...

Boris

Always here--


old john

Ivan said...

It seems that we will have something stronger on upside, for stocks. Today/Tomorrow.

xerxes said...

If the buck had any integrity it would be trading at the Goldmen target already, if not higher Dear Boris ....

boris said...

Go Break Even on currencies
Please

boris said...

Enjoy
the free trade
FreeTraders(:-

Craig said...

Boris,

When are you going to update the YBR??

Craig

boris said...

Dear Criag, YBR is updated
and it is on files are at DOTORG

Good Tradng Dear Craig
If you mean to just add
recent prices for about a week or so,
That could be done shortly,

LIke Tomorrow(:-

Ok, I will update tomorrow.

Craig said...

Boris,

The YBR shows being updated since 3-20-2010. I have seen it like this for several weeks. I also made sure I was at the .org not .net
Can you look into this please?

Craig

boris said...

Dear Craig,
Ok, You are right and I am right
But I am slightly wrong.

Yes, I have placed it under the post APRIL 22 as a graph, but forgot to put it as a file on the files area.
So, those who did not come to see that post did not see.

Aplogies coming.

Please go to April 22 and save the picture As... whatever you like.

Thanks and Regards Dear Craig

xerxes said...

Good Morning Dear Boris ...

The Ebola comment was from the Secretary-General of the OECD

xerxes said...

Today they're talking how Greece is just the coal mine canary and Morgan Stanley said that the bailouts could spiral to 600 billion euros, 8% of eurozone GDP Dear Boris, and that doesn't include a wobble in Italy

xerxes said...

According to the latest 'Hedge Fund Monitor' report from BoA Merrill Lynch (April 26th), the hedgies have only recently begun heavily shorting the euro with the authors speculating a euro retreat to 1.30 and possibly even 1.25 Dear Boris

boris said...

Update On Dot Org
Asset Opertion

boris said...

Good Morning Dear Xerxes
GOod Trading
My Very Dear Friend

Ivan said...

It seems, we go strongly UP (eur,chf, stocks), starting in the next 1-2 hours.

Ivan said...

In the next couple of days, EUR and CHF should recover a little against GBP, but after that: DISASTER (against GBP). Of all main European currencies, I would go long on intermediate basis against USD eventually only GBP!

Ivan said...

I am not sure now for move up.

Ivan said...

The picture is better now. I think High Daily AP for emini is very, very probable.

Ivan said...

DAX will jump sooon (0-30 min)!

Ivan said...

It wasn't too bad, jump of 20 points.

Ivan said...

Dear Xerxes, where are you? Are you busy buying Greece bonds?

xerxes said...

Hi Dear Ivan .... I just came back to work .... Missed the morning action ... Looks like your bullish on sterling ... Do I have that correct?

Futures strong this morning; r we topping for now Dear Ivan

Ivan said...

Yes, I am bullish on GBP, against EUR especially.

For stocks today, it seems to me, it will last longer.

boris said...

New Post Please
Please restate comment Dear Ivan

xerxes said...

Mark Mobius says Greece should restructure Dear Boris