What is the reason for large US financial institutions to take on European risk?
Easy, because the interest rate and general rate-of-return in Europe is/has been much greater than in the US.
Did the US/SEC make a mistake? HA HA HA - the charter of banking institutions is well-defined. Crooks are crooks and they should be punished as such.
You can't just say "oh, I guess I killed someone as a drunk driver BUT law enforcement officials didn't stop me so it's all their fault." That is the media version of Wall Street law breakers. A shameful and irresponsible version. Or, simply a stupid version? We can't tell which one.
Tuesday, November 1, 2011
Euro Next and Technicals
So the EUR/USD has hung around the 50 day and 20 day SMA convergence for the most part but dropped below the 20 day SMA for a while today all the way down to the next support level it found at the 50/20 15-min. period SMA convergence thanks to day trading.
Despite all the media could do to raise the ratio, it still fell back at the end of the US trading day and is now convergent with the 50 and 20 period quarter-hour SMA's. What a... ah... a surprise(!) Same old same old.
But, some key technical support has been devastated to the downside.
Despite all the media could do to raise the ratio, it still fell back at the end of the US trading day and is now convergent with the 50 and 20 period quarter-hour SMA's. What a... ah... a surprise(!) Same old same old.
But, some key technical support has been devastated to the downside.
Tutorial: Greek Vote - Euro/USD - Euro Zone Collapse
Ignore the media, you already know the facts are as follows:
1. There has already been a 50% default; otherwise, Wall Street funds wouldn't have already gone bankrupt.
2. The Greek vote is all about whether the Greek citizens will accept the present deal (50% loss for banks) or whether they will force a 100% loss.
3. Why do Greek citizens care? Because they are the supreme financial losers in this deal. That's why folks have already been throwing fire bombs at the police.
4. End of the day, can banks win out against the population? 50% or 100% loss? Really "good" news - ha ha.
_____________________________________________________________
To understand the Greek citizens, think of it this way:
- You have personally worked as an OK-paid professional in a start-up co. 16 hours per day and 7 days per week for years.
- You make this sacrifice because your co. may go public and you can cash-in your ton of stock options.
- Finally, the co. goes public! Then the co. informs you that your stock options are null and void.
That is how the Greek citizens feel. Do not underestimate the power of rage.
1. There has already been a 50% default; otherwise, Wall Street funds wouldn't have already gone bankrupt.
2. The Greek vote is all about whether the Greek citizens will accept the present deal (50% loss for banks) or whether they will force a 100% loss.
3. Why do Greek citizens care? Because they are the supreme financial losers in this deal. That's why folks have already been throwing fire bombs at the police.
4. End of the day, can banks win out against the population? 50% or 100% loss? Really "good" news - ha ha.
_____________________________________________________________
To understand the Greek citizens, think of it this way:
- You have personally worked as an OK-paid professional in a start-up co. 16 hours per day and 7 days per week for years.
- You make this sacrifice because your co. may go public and you can cash-in your ton of stock options.
- Finally, the co. goes public! Then the co. informs you that your stock options are null and void.
That is how the Greek citizens feel. Do not underestimate the power of rage.
Monday, October 31, 2011
News from Europe Tues.?
Probably some "good" news, but only in print. A bunch of folks still need to get some $ out of Europe and maybe even out of the US Equities Market. That can only happen with a few "upward" movements.
BAC, Chase, Goldman Sachs, MF Global, Harry's $ Store, etc.
Let's once again go on record. Who is the next to fall? A big bank?
No.
Next is another "fund" used for the same purpose as M F Global Collapse (i.e. the MFGC Fund.)
The big commercial banks don't fall until last... as in 2008.
This time, there is no bail.
No.
Next is another "fund" used for the same purpose as M F Global Collapse (i.e. the MFGC Fund.)
The big commercial banks don't fall until last... as in 2008.
This time, there is no bail.
EUR/USD Trade for Tonight
We do not expect the 50-day SMA to be broken as it has not been. We expect the 50 and 20 SMA's to match and flatten. We expect no one anywhere in Asia to make any other moves overnight.
One day soon, we would love to be wrong so life could be more interesting!
Until then, there are ways to make $ with 'flat' too.
One day soon, we would love to be wrong so life could be more interesting!
Until then, there are ways to make $ with 'flat' too.
US Institutions - Exposed by the Euro Debt Gamble - BAC and Chase Next?
Here are the "sell-a-used-car-to-a-sucker" facts about the Euro/USD:
1. The euro needs to be high enough for a few thoughtful folks to SELL FAST!
2. Last Wed. the EU politicians met and said pretty much nothing... but that could not prevent a Euro/USD collapse on Friday before the risk-on weekend.
3. So on Thur. the EU says... super, we have concluded Greese/Grease! The investors only lose 50%! Super great deal!
4. Friday, one sucker after another buys into the Euro/USD (exactly = US Equity Indices) - everything gets bought by poor suckers.
5. Monday... oops. The definition of the 50% loss sends the Big M F Global Collapse into action. A legal action... to steal money by not paying it back. Sometimes, the word never uttered in the "news" is DEFAULT.
That's how it's done at the local used car lot and that's how it's done to you by the Euro problem unless you have listened and have protected yourself. There is much more money losing to come.
Do not consider your $ safe in any bank.
1. The euro needs to be high enough for a few thoughtful folks to SELL FAST!
2. Last Wed. the EU politicians met and said pretty much nothing... but that could not prevent a Euro/USD collapse on Friday before the risk-on weekend.
3. So on Thur. the EU says... super, we have concluded Greese/Grease! The investors only lose 50%! Super great deal!
4. Friday, one sucker after another buys into the Euro/USD (exactly = US Equity Indices) - everything gets bought by poor suckers.
5. Monday... oops. The definition of the 50% loss sends the Big M F Global Collapse into action. A legal action... to steal money by not paying it back. Sometimes, the word never uttered in the "news" is DEFAULT.
That's how it's done at the local used car lot and that's how it's done to you by the Euro problem unless you have listened and have protected yourself. There is much more money losing to come.
Do not consider your $ safe in any bank.
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