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Post by tarzan on Oct 5, 2011 8:34:17 GMT -5
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Post by timber on Oct 5, 2011 8:45:03 GMT -5
ism at the top of the hour
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Post by timber on Oct 5, 2011 8:46:58 GMT -5
2 reasons. scottrade never has the shares avail and I wont have to worry about a margin call being long TZA i only had these called in twice before then i called them and they will charge me for the shares now instead....i haven't had a problem with them again
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Post by Clinton SPX on Oct 5, 2011 8:55:31 GMT -5
MS green, kind of funny
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Post by Clinton SPX on Oct 5, 2011 8:56:40 GMT -5
Bloomberg pumping the bullish trade way too hard today
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Post by Clinton SPX on Oct 5, 2011 9:14:12 GMT -5
So Greece is completely shut down today from a nation wide strike. I love to hear how German citizens feel about loaning them more money to pay their bills.
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Post by Clinton SPX on Oct 5, 2011 9:35:11 GMT -5
Friendly's ice cream files bankruptcy.
lets rally
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Post by elle on Oct 5, 2011 9:53:35 GMT -5
hi
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Post by timber on Oct 5, 2011 9:56:20 GMT -5
fas still sucking....when has fas been any good lately.....only a few times this year
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Post by Clinton SPX on Oct 5, 2011 9:58:58 GMT -5
OK spy almost at the 200ma10
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Post by timber on Oct 5, 2011 10:05:58 GMT -5
oh you bears i dont see it selling off today
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Post by Clinton SPX on Oct 5, 2011 10:07:41 GMT -5
My SSN is +8%
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Post by Clinton SPX on Oct 5, 2011 10:10:01 GMT -5
Ok so France announces it doesnt want to put any more money into dexia. So they will split it in two. Dexia shares are up on this news. I cant figure out how this adds value to dexia. and if it does why doesnt evey bank do this once a quarter?
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Post by birthmark on Oct 5, 2011 10:12:46 GMT -5
Friendly's ice cream files bankruptcy. lets rally That makes me sad. I used to love Friendly's as a kid.
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Post by Clinton SPX on Oct 5, 2011 10:14:15 GMT -5
BBL GL Traders
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Post by timber on Oct 5, 2011 10:15:08 GMT -5
hey europe closing strong
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Post by timber on Oct 5, 2011 10:18:57 GMT -5
friday should be a big down day
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Post by rex on Oct 5, 2011 10:25:31 GMT -5
I don't think Moodys is getting their desired response today out of their Italy downgrade. Betcha they come out with another downgrade in the next 3-4 hours today.
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Post by timber on Oct 5, 2011 10:28:33 GMT -5
i think i will play the down jobs number friday this week
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Post by Clinton SPX on Oct 5, 2011 11:20:27 GMT -5
ignore those collapsing banks, look at this. ooooo shiny SOXL
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Post by Clinton SPX on Oct 5, 2011 11:51:17 GMT -5
The Associated Press is reporting on an very appropriate comment from Antonio Borges, head of the IMF's Europe program, that he is retracting his earlier comment that they will intervene in bond markets to support Italy and Spain. Sure enough, this will not come as a surprise to our readers, after we said first thing today that "we find that the person tasked with destroying his credibility, after the market no longer trusts anything Lagarde says, is IMF European Department Director Antonio Borges who according to Reuters, said that Europe needs between 100 billion and 200 billion euros to recapitalize its banks to win back investor confidence and should carry out the plan across the continent, not in a staggered process." Consider credibility destroyed.
In a dramatic turnaround, a senior official for the International Monetary Fund on Wednesday retracted an earlier comment that the IMF could intervene in bond markets to support struggling Italy and Spain. "The fund can only lend its resources to countries, and cannot use these resources to intervene in bond markets directly," Antonio Borges, the head of the IMF's Europe program, said in a statement. "Any alternative lending modalities to what we do now would require a different legal structure" for the IMF, the statement continued, adding that such changes had not been discussed with the fund's members. Earlier Wednesday, Borges had said at a news conference in Brussels that the IMF could possibly invest alongside the eurozone's bailout fund to help Italy and Spain. Oh to have been a fly on the phone call from Christine Lagarde to Borges in which she, in a calm, cool, and collected manner, with little to no use of obscenities, and references to the Spaniard's mother, grandmother, and barn animals, explained to him to, very credibly say he was only kidding.
What next: Steve Liesman reports X only to turn around 30 minute later and report Y?
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Post by Clinton SPX on Oct 5, 2011 11:54:26 GMT -5
this is funny
Ahead Of The Curve: Goldman Cuts Dexia From Buy To Neutral On Imminent Restructuring And Wind down
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Post by elle on Oct 5, 2011 12:06:04 GMT -5
this could be nice pop, interested in if we take out hod - then sell kicks in aftn
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Post by elle on Oct 5, 2011 12:40:41 GMT -5
1142.69 weekly 200
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Post by Clinton SPX on Oct 5, 2011 12:42:44 GMT -5
Guest Post: High Noon At The Swiss National Bank Submitted by Tyler Durden on 10/05/2011 - 13:15
Tomorrow, Thursday (October 6th), the Swiss National Bank will report its foreign currency reserves for September at 9am local (3am EST). We will know then how much Euros had to be gobbled up in order to defend the “peg”. Increasing tick volume in recent days looks suspicious – why would there be more volume than on days where the Swiss Franc reached parity? Or the day the SNB introduced the peg? Here is what is going to happen:
SNB’s balance sheet will “explode” as they have to buy billions of Euros (a questionable asset, to say the least). For every Euro bought, 1.20 CHF are being released into circulation. CHF monetary base explodes, too. If the peg falls, the ensuing currency losses might bankrupt the SNB and costing the Swiss tax payer billions of CHF (they already lost 29bn over the last 18 months or 6% of GDP). According to rumors, the SNB is so sure about their ability to defend the peg they were selling Euro puts. Those would expire if the Euro did not fall below 1.20, allowing the SNB to keep the option premium. Is this an ill-fated attempt to “make back” some of the losses incurred earlier? In order to discourage speculators, the SNB tried floating rumors they might increase the peg to 1.25 or to 1.30. As the Euro weakens towards the Dollar, the Swiss Franc has to decline, too (in order not to strengthen towards the Euro). This makes the Swiss Franc cheap vis-a-vis the Dollar. A Greek default (or other Euro worries) might make the Euro even weaker, making it harder to keep it stable towards the Swiss Franc.
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Post by elle on Oct 5, 2011 12:46:29 GMT -5
dx h&s with double r/s? so many fake-outs on h&s these days
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Post by elle on Oct 5, 2011 13:12:23 GMT -5
iwm did not take out hod....yet, so still r/s
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Post by elle on Oct 5, 2011 13:14:51 GMT -5
upside looking for 65.80 iwm
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Post by Clinton SPX on Oct 5, 2011 13:53:14 GMT -5
Its funny when I see all the bid and ask lighting red on my trader and theres the transports lighting the HOD. its like magic
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Post by elle on Oct 5, 2011 14:16:01 GMT -5
iwm 3rd try at hod, I'm moving quite a bit out 3:30
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