ear Ivan,Dear XerxesThanks for a great infotainmentGood Trading all4/27/2010 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 Ivan4/27/2010 7:35 AM john said... Borisgood morning--quick jogold john4/27/2010 8:24 AM boris said... Dear JohnEnjoy joggingPlease come back in timeWe could be having interesting daytodayGood Trading My very Dear Friend4/27/2010 8:35 AM boris said... emini307At MarketReport4/27/2010 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 15.053Starting to become interesting if one thinks they won't default4/27/2010 10:34 AM xerxes said... The relic has moxy Dear Boris4/27/2010 11:18 AM Mike Truong said... Dear Boris,DLAP4 on SPX got sliced hard. How rare is such an occurrence dear Boris?Michael4/27/2010 11:37 AM boris said... This is an earthquake magnitude of 6 on Richter scale, Dear MichaelGood Trading allandPlease let us move to new post4/27/2010 11:42 AM
Borisexcellent-- thanksold john
WelcomeDear JohnMy Very Dear Friend
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 :-)
I can't thank you enough Dear Boris :-)
Dear Xerxes,how/why do I deserve that? Good Trading Dear Xerxes
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.
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+.
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.
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.
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
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.
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!!!
There still selling euros Dear Boris but I need to crash .... Hasta manana Querido Boris and thank you once again :-)
Good morning Dear Boris ....Morning chat on B-berg is about CONTAGION Dear Boris ....
'Dominoes' are falling Dear Boris
BILD: "We Don't Want To Pay For Greek Luxury Pensions"
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
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...
Good Morning Dear XerxesGOod Trading Very Dear FriendThanks for infotainment
Of course, I meant on buy and sell in my trading system.
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
20/MAR/2011 3.80% now 88.89 yielding 18.40%
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
Dear XerxesIf you are so inclinedand 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 meGOod Trading Dear Xerxes
EURUSD moving closer to the Goldmen target Dear Boris :-)
Why shares Dear Boris .... The bonds themselves are better :-)
Well, Dear XerxesI 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
B-berg says Portuguese government is in denial as the spreads and yields widen Dear Boris
Too early to buy GGB's I think Dear Boris .... The time to have bought Russian debt was after, not before the 1998 default :-)
Will Greece have to 'temporarily' exit the euro zone Dear Boris? B-berg is asking :-)
According to B-berg, 2 year GGB's have reached 'dizzying' heights Dear Boris ....
The Greek debacle is like an Ebola infection; may have to cut the leg off to survive
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
Portugues GB 10 year yielding over 6% having lost 10% since February launch Dear Boris ... EBOLA :-)
Portuguese politicians are blaming speculators as they haven't any problems .... Another one for the toaster Dear Boris
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.
Barclays says that Spain and Ireland will be downgraded next Dear Boris
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 :-)
That was for you Dear Ivan :-)
Stocks should go UP, soon.
MERKEL TO MAKE STATEMENT IN BERLIN AT 4.45 P.M., GOVT SAYSJust in time. They must save FALAP :-)
Haircuts and collateral not bailout is the next discussion
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 ....
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 :-)
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 :-)
Contagion in the air Dear Boris
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
Dear Xerxes, I think, in the next 15-30 min, stocks and EUR should start a move UP.
S&P says investors could lose up to 265 billion euros on GGB's
Oooops, the jump in stocks was during writing of the post.
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'--
Default, Default, Default ... That's what B-berg says is in the works
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 :-)
Italy cancelled a bond auction Dear Boris: "who wants to borrow at these rates"
Greece needs to decide if they want to be Argentina or Mexico Dear Boris
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.
Dear Ivan, thanksGood Trading Very Dear Friend
emini 308On Market Report
IMF says Greece needs 125 billion euros Dear Boris
20/Mar/2011 3.8% 90.00 29.658%Appears there are a paucity of buyers even at these lofty levels Dear Boris
Greek debt debacle is a 'race against time' Dear Boris
B-berg tells us that the Swiss and Scandinavians are big buyers of the relic these days Dear Boris
UpdateOn RelicMarket Report
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 :-)
135 billion now
Fed day Dear Boris with 2:15 EST release .... Linguists fully employed today ...
Greece just banned short selling resulting in new EURUSD lows Dear Boris
Kahn, Tricky and Angela meeting finished and no hard details revealed on Greek problem
Spain credit rating just cut
S&P cut Spanish long-term outlook and included a negative outlook ... IBEX in the doghouse, EURUSD on the back foot, relic rising
updateon Dot Org
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
Only Bernanke can save the euro now Dear Boris .... He needs to revive those currency swaps or the euro is fooked Dear Boris :-)
Spanish Debt/GDP is over 10% and the debt pile is enormous ... B-berg
B-berg asks who will be next Dear Boris
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
Axel Merck says that the Greek banks will ultimately be nationalized
No FearPlease, Just intelligent sizing and stopsYOu will see this BSMany times overStay cool and do your job
These are kind of dayswhen APs earn their livingThis is when their support can hold you when ELITE wants your valet.This is how markets work andIf 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 TRIGGERGood Trading Dear Subscribers
No nothing is guaranteedyet, the only thing that isis that you are there and will pull the trigger to buy, sell or stopwhen neededSo stay alert
Updates in FeedbackGood Trading
Welcome Dear JohnGood Trading My Very Dear Friend
BorisAlways here-- old john
It seems that we will have something stronger on upside, for stocks. Today/Tomorrow.
If the buck had any integrity it would be trading at the Goldmen target already, if not higher Dear Boris ....
Go Break Even on currenciesPlease
Enjoythe free tradeFreeTraders(:-
Boris,When are you going to update the YBR??Craig
Dear Criag, YBR is updatedand it is on files are at DOTORGGood Tradng Dear CraigIf you mean to just addrecent prices for about a week or so,That could be done shortly, LIke Tomorrow(:-Ok, I will update tomorrow.
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 .netCan you look into this please?Craig
Dear Craig,Ok, You are right and I am rightBut 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
Good Morning Dear Boris ...The Ebola comment was from the Secretary-General of the OECD
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
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
Update On Dot OrgAsset Opertion
Good Morning Dear XerxesGOod TradingMy Very Dear Friend
It seems, we go strongly UP (eur,chf, stocks), starting in the next 1-2 hours.
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!
I am not sure now for move up.
The picture is better now. I think High Daily AP for emini is very, very probable.
DAX will jump sooon (0-30 min)!
It wasn't too bad, jump of 20 points.
Dear Xerxes, where are you? Are you busy buying Greece bonds?
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
Yes, I am bullish on GBP, against EUR especially.For stocks today, it seems to me, it will last longer.
New Post PleasePlease restate comment Dear Ivan
Mark Mobius says Greece should restructure Dear Boris
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