The ECB said recently that it has no POR to rescue Italy.
Why?
Because the ECB does not have a spare few TRILLION Euros sitting around with which to help anyone! That's why. Neither does anyone else on the planet Earth.
Burn burn burn... the ring of fire. Down down down... the flames are getting higher... bur... well, you get it, you are bright folks.
Thursday, November 17, 2011
Friday Market Action 11/18
1. Expect a down day since no one wants to go into an effective week-off with a lot of risk sitting on the poker table... would you?
2. Of course, a witnessed 2nd coming of Christ in Rome could change everything, but we would need to scrutinize the details of the sighting.
3. Take opportunity on Friday while the "professional" folks, especially the IT-support folks, begin an early weekend.
2. Of course, a witnessed 2nd coming of Christ in Rome could change everything, but we would need to scrutinize the details of the sighting.
3. Take opportunity on Friday while the "professional" folks, especially the IT-support folks, begin an early weekend.
NBA Finally!
An NBA game, attendance-wise anyway, took place on the river-island today!
The same number of folks in the streets complaining about the "simple" crooks on the river-island losing everyone's money.
Oh well. The NBA is a poorly-attended sport anyway... no big deal.
Everybody with half a brain knows the city and police, etc. don't spend any time on a silly event the size of an NBA game... or, ah... huh?
The same number of folks in the streets complaining about the "simple" crooks on the river-island losing everyone's money.
Oh well. The NBA is a poorly-attended sport anyway... no big deal.
Everybody with half a brain knows the city and police, etc. don't spend any time on a silly event the size of an NBA game... or, ah... huh?
Huge Profits from EUR/USD
Just see yesterday's post.
Some folks have already exited that trade, why be greedy... take the profit.
We recommend taking advantage now in order to add to the same trade.
Some folks have already exited that trade, why be greedy... take the profit.
We recommend taking advantage now in order to add to the same trade.
Jeffries (JEF) Collapse - Short Sell
We did not suspect JEF was close to failing; however, TV today has confirmed (while trying to anti-confirm) that JEF is truly in severe circumstances.
Always accept confirmations when they are as clear as this one.
Every slight interest-rate increase in the risky Euro-Zone nations translates into a larger loss in value of the underlying, i.e. junk bonds.
There are only two things JEF can do... lie about it (as in the previous short/long position TV-supported story - ha ha ha!) - or - go bankrupt.
Uggg. We did not understand until today. Short sell and allow 30 days or so.
AND... the obvious... Q: Since JEF has gone on record on TV to say it cannot lose any money in the Euro-Zone, then why is there any concern? A: Apparently because that was a ... well a... ah... kind of a ...ah... a lie.
Always accept confirmations when they are as clear as this one.
Every slight interest-rate increase in the risky Euro-Zone nations translates into a larger loss in value of the underlying, i.e. junk bonds.
There are only two things JEF can do... lie about it (as in the previous short/long position TV-supported story - ha ha ha!) - or - go bankrupt.
Uggg. We did not understand until today. Short sell and allow 30 days or so.
AND... the obvious... Q: Since JEF has gone on record on TV to say it cannot lose any money in the Euro-Zone, then why is there any concern? A: Apparently because that was a ... well a... ah... kind of a ...ah... a lie.
Corp. Earnings not Bad this Time...?
US Corp. earnings are earnings in terms of US Dollars = USD = US $.
The USD has been severely deflated (devalued) on purpose by the FED with a little help from...
Please recalculate earnings to include (reverse-out) the decline in value of the USD.
You will find the corp. earnings are in fact world-class... i.e. world-class-xxxxty.
The USD has been severely deflated (devalued) on purpose by the FED with a little help from...
Please recalculate earnings to include (reverse-out) the decline in value of the USD.
You will find the corp. earnings are in fact world-class... i.e. world-class-xxxxty.
M-F- Global Financial Collapse... Again
Q: Why has it been so difficult to obtain, or even track, the money that "MFGlobal" defaulted upon?
A: Because it was funneled through so many other laundromats and middle-men that it's nearly impossible to find(!)
Q: Who's next besides B of A?
A: Another middle-man for B of A. B of A comes soon, but later.
Q: And Chase?
A: JP Morgan falls hard, unless Uncle Ben helps them, but not until after BAC.
A: Because it was funneled through so many other laundromats and middle-men that it's nearly impossible to find(!)
Q: Who's next besides B of A?
A: Another middle-man for B of A. B of A comes soon, but later.
Q: And Chase?
A: JP Morgan falls hard, unless Uncle Ben helps them, but not until after BAC.
Occupy Wall Street - Help for the River-Island
Congratulations to the occupants who put up with "Nixon era dirty tricks" today. We salute the calm organization of your movement.
Wall Street will shortly collapse by itself from its own unenlightened and frankly "simple" view of the world. Everyone appreciates the occupants helping to shed light on an otherwise unenlightened profession.
We stand with you.
We stand against the big bankers that have used your money and lost it in Europe like a bunch of simpletons.
Wall Street will shortly collapse by itself from its own unenlightened and frankly "simple" view of the world. Everyone appreciates the occupants helping to shed light on an otherwise unenlightened profession.
We stand with you.
We stand against the big bankers that have used your money and lost it in Europe like a bunch of simpletons.
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