Thursday, May 13, 2010

Were You Reading This May 13 ?

Markets Moved, As Instructed(:-

49 comments:

john said...

I read it and made a couple of debased dollars following it :).


old john

xerxes said...

Good Morning Dear Boris ....

Tim Fox interviewed a Guggenheim Partners fund manager on B-berg who said EURUSD to 1.24 then to 1.10 then a 'sustained period' substantially below parity ... 1.10 is the PPP level and Europe will require these low levels as a debauched currency is the only strategy left to grow their economy ... This is what David Rosenberg said would happen as well .... These guys make the Goldmen look like pikers with their 1.20 call :-)

john said...

xerxes

at what point does the long gold and short euro look a lot one sided? Everyone is on one side of the ship

old john

xerxes said...

Paul Volker says the euro will 'disintegrate' Dear Boris

xerxes said...

UBS says 1.15 by year-end and 1.10 by end 2011 ... Dear Boris

I don't know Dear John, when enough is enough ... That's when I turn to Dear BORIS for answers :-)

xerxes said...

usdjpy 87.XX
EURJPY 1.04XX

BY YEAR-END

B-berg guest

xerxes said...

sterling 1.35 --- UBS

boris said...

Dear Michael
Your
FEEDBACK
From Last Post
Was Responded

Good Trading
Very Dear Friend Michael

xerxes said...

Thank you Dear Boris ...

That 1.35 call by UBS for GBPUSD is by year-end 2010

xerxes said...

They're debating on B-berg whether the new currency should be the "New Deutschmark" or the "Thaller" Dear Boris ...

boris said...

Dear Xerxes,
I am all for Deutshmark.
I loved that currency.

I wish it comes back as currency for only financially sane people I know in EUROPE( GERMANS).

Who know what Waimar Republic Meant.

!

Good Tradng ALl

I will be out for a couple hours

xerxes said...

Who will be the next guru to forecast doom and destruction for the single currency --- B-berg

Stay tuned Dear Boris :-)

xerxes said...

Reached a dozen francs today Dear Boris ...

xerxes said...

Will the Germans continue to support the profligate and shiftless Dear Boris (per B-berg)

xerxes said...

Sarkozy says he may pull the rug on the euro dear boris ...that's what the spanish say he said in El Pais according to B-berg ....

Sell Mortimer Sell :-)

xerxes said...

It was reported Dear Boris that Sarkozy pounded his fist on the table and told Angela that if Germany doesn't pony up the cash money to bail the Greeks that France was going to exit the single currency ..... SELL MORTIMER SELL :-)

xerxes said...

Disintegration is all I hear today Dear Boris ... Now they're talking about bank exposure to euro denominated debt Dear Boris ....

xerxes said...

Only the Goldmen can save the euro now Dear Boris :-)

xerxes said...

Is there a future for the euro at all .... An advisor to the EC President says NO! Dear Boris ...

xerxes said...

This adviser says that if the Germans don't agree to bail 'em all, 'the future of the euro is in doubt' Dear Boris ... SELL MORTIMER SELL!!!

xerxes said...

This adviser says that he is not optimistic about the survival of the euro ... that's what he said Dear Boris ....

Ivan said...

Dear Xerxes/All,
all this mess has only one reason: EU is not community of free people but it's club of banking mafia.

I am not euro-skeptic at all (in the first sense) but I hope only they will destroy euro and EU institutions (as they are now) before they make decision to join my country (Croatia) to that banking club.
EU is only the big step in enslavement of people of all EU nations.
When they change the way how they create the money (debt-based money, made from thin air), I will say:OK, EU is great idea.
But, I doubt that will be done anytime on peaceful way. Unfortunately, the changes will be fought on the streets... Sooner or later...

xerxes said...

Money rushing into the relic Dear Boris ...

xerxes said...

Bombs going off in Greece

Ariel said...

Dear Boris,
Can you please provide you opinion on the world's strongest currency -Israeli Shekel.
Thanks.

xerxes said...

Money pouring into gold etf's dear Boris .... Gold traders talking 2000 USD/oz this year ... JPMorgan says that gold price is unlimited ..... B-berg

France needs its credit rating downgraded ... IBEX will crash and burn .... Same with Italian shares --- B-berg

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.
Have a great weekend!

Bert

boris said...

Dear Bert,
Good Morning
and
Good Trading
My very Dear Friend

boris said...

I know these are emontional
times.

So, please , read
the update

On Market Report

boris said...

I could not have been
Moment too early,

Well, I could have,
Too bad I had to go out and could not concentrate on things about one hour before when CHF was hitting 5th

Good Trading All

xerxes said...

Brown Brothers Harriman says near-term EURUSD to 1.19 - 1.20

If they don't get their act together its bombs away from there Dear Boris

xerxes said...

Also BBH said, get short, stay short and, yes, it's a crowded trade but the euro is going lower

xerxes said...

Equity traders whinning about strong USD ...

xerxes said...

No e-mini today Dear Boris ...

boris said...

I am sorry,
Cannot get the picture
out
and cannot get the 5 minute date

All programs got suck on my computers

boris said...

Well,
I was not even able to dispatch the file manager.
Everything was so busy and got stuck

Maybe , a hurry, I just clicked to many buttons and got the system gutted.

Well. Sorry about that,

Good Trading All

boris said...

I was finally able
to get the EMini318

On

My apologies To all
Subscribers

xerxes said...

Freefall Dear Boris .... Sell Mortimer Sell

B-berg says next stop 1.17 ....

Nobody wants to own euros with all the loose canons in Europe Dear Boris .... B-berg says that some clown may say something that will ruin their weekend :-)

boris said...

Observation about closing
Todya in the markets

Good Trading ALl

R said...

Re: your last post in the market report section. What do you make of the attempt to recover and what happens next week Boris?

Thanks, Jiffy

boris said...

Udsually,
it does not mean that much that market makes the kind of recovery we have seen market try at the end of the trading.

What is still important though is the fact that I described the MDS status( prease read again).

That issue being outstanding , I think it still has a possible scenario( Monday/Tuesday) that I described.

Now, again, it has nothing much to do with the market attempt today to finish, with a small recovery.

Good Trading Dear R

boris said...

We did the best we could
To survive yesterday.

We prepared our subscribers to be short all the way up into 1170+ area, and that is fine. Yesterday we advised to not add to shorts and see if we can go up a bit for a better/higher shorting opportunity.

Well, Market decided to take the lower path immediately, without a bit rise back up( which we figured was almost equal to the higher path probability).

Win is a win, even it it is not, at as big as one hoped for. We suggested for last few days to scale into shorts.

Remember, our trading rule number 2

Never moan the missed opportunity. Next bus is scheduled. Besides, small profit is better than none.

In any case, this just explains a bit of the question Dear R. Was asking above.

Good Trading All

xerxes said...

So many Germans are praying that rumors (coming from, supposedly, the Bundesbank) that Germany will soon reintroduce the DeutschMark, will come true ....

From a German friend Dear Boris

boris said...

That would be fine with me
Dear Xerxes,
As I said,

As a trader and Investor I loved
Dmark

Count me among the world citizens who would love DMark second coming!

Good Trading Dear Xerxes

xerxes said...

"DETROIT -German car maker Daimler AG wants to pull its shares off the New York Stock Exchange due to low trading volume and to reduce the complexity of its financial reports, the company said Friday.

Daimler, the maker of Mercedes-Benz and Smart automobiles and one-time owner of Chrysler, told the stock exchange of its intentions on Friday, and has applied for delisting with the U.S. Securities and Exchange Commission, spokesman Han Tjan said.

boris said...

Pressure Chart Analysis
On Market Report

xerxes said...

Good Morning Dear Boris ...

EURUSD hits 4 year lows with no sign of stopping ---- B-berg

xerxes said...

B-berg says that the thinking by the 'important ones' is that the drop in EURUSD is no big deal yet ... European banks are recommending that their clients liquidate their Euro holdings

xerxes said...

Ramin Toloui, a senior portfolio manager at Pimco, said the European Central Bank’s decision to buy government debt could be backfiring. Instead of encouraging private investors to keep their government debt, the programme might be leading to more sales, he said.

“The risk is that investors are using the ECB as a vehicle to exit their positions,” he said.

SELL MORTIMER, SELL!!