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 :-)
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 :-)
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...
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 :-)
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.
So many Germans are praying that rumors (coming from, supposedly, the Bundesbank) that Germany will soon reintroduce the DeutschMark, will come true ....
"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.
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
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.
Markets Moved, As Instructed(:-
49 comments:
I read it and made a couple of debased dollars following it :).
old john
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 :-)
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
Paul Volker says the euro will 'disintegrate' Dear Boris
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 :-)
usdjpy 87.XX
EURJPY 1.04XX
BY YEAR-END
B-berg guest
sterling 1.35 --- UBS
Dear Michael
Your
FEEDBACK
From Last Post
Was Responded
Good Trading
Very Dear Friend Michael
Thank you Dear Boris ...
That 1.35 call by UBS for GBPUSD is by year-end 2010
They're debating on B-berg whether the new currency should be the "New Deutschmark" or the "Thaller" Dear Boris ...
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
Who will be the next guru to forecast doom and destruction for the single currency --- B-berg
Stay tuned Dear Boris :-)
Reached a dozen francs today Dear Boris ...
Will the Germans continue to support the profligate and shiftless Dear Boris (per B-berg)
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 :-)
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 :-)
Disintegration is all I hear today Dear Boris ... Now they're talking about bank exposure to euro denominated debt Dear Boris ....
Only the Goldmen can save the euro now Dear Boris :-)
Is there a future for the euro at all .... An advisor to the EC President says NO! Dear Boris ...
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!!!
This adviser says that he is not optimistic about the survival of the euro ... that's what he said Dear Boris ....
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...
Money rushing into the relic Dear Boris ...
Bombs going off in Greece
Dear Boris,
Can you please provide you opinion on the world's strongest currency -Israeli Shekel.
Thanks.
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
Dear Boris,
Good morning.
Thanks and good trading.
Have a great weekend!
Bert
Dear Bert,
Good Morning
and
Good Trading
My very Dear Friend
I know these are emontional
times.
So, please , read
the update
On Market Report
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
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
Also BBH said, get short, stay short and, yes, it's a crowded trade but the euro is going lower
Equity traders whinning about strong USD ...
No e-mini today Dear Boris ...
I am sorry,
Cannot get the picture
out
and cannot get the 5 minute date
All programs got suck on my computers
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
I was finally able
to get the EMini318
On
My apologies To all
Subscribers
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 :-)
Observation about closing
Todya in the markets
Good Trading ALl
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
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
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
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
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
"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.
Pressure Chart Analysis
On Market Report
Good Morning Dear Boris ...
EURUSD hits 4 year lows with no sign of stopping ---- B-berg
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
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!!
Post a Comment