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Started By
Message
re: The stock market next week....
Posted on 11/1/10 at 8:44 am to Aubie Spr96
Posted on 11/1/10 at 8:44 am to Aubie Spr96
quote:You realize, of course, that's Japan's currency is stronger now than it has been in years, right? It's so strong, Japan's central bank is selling yen and buying dollars in an attempt to weaken it versus the dollar, but it hasn't worked yet.
Devaluing of our currency. We are rapidily headed down the Japan road.
2
Posted on 11/1/10 at 9:37 am to LSURussian
quote:
You realize, of course, that's Japan's currency is stronger now than it has been in years, right? It's so strong, Japan's central bank is selling yen and buying dollars in an attempt to weaken it versus the dollar, but it hasn't worked yet.
Boom. Roasted. Next.
Posted on 11/1/10 at 9:58 am to LSURussian
quote:
You realize, of course, that's Japan's currency is stronger now than it has been in years, right?
Our dollar is falling right now because we are printing money as fast as we can. Essentially, everyone's currency is rising against ours.
Sound Familiar?
Posted on 11/1/10 at 10:09 am to Aubie Spr96
quote:How is that relevant to your comment that we are heading down Japan's path?
Our dollar is falling right now because we are printing money as fast as we can.
Posted on 11/1/10 at 10:14 am to LSURussian
quote:
How is that relevant to your comment that we are heading down Japan's path?
Because we are doing EXACTLY what they did to try and solve their fiscal crisis of the 90's. Read the referenced article. The parallels are scary.
Posted on 11/1/10 at 10:15 am to Aubie Spr96
quote:But you compared the dollar weakening to Japan. Japan's currency is strengthening, not weakening.
Because we are doing EXACTLY what they did to try and solve their fiscal crisis of the 90's.
Posted on 11/1/10 at 10:31 am to Aubie Spr96
quote:
Our dollar is falling right now because we are printing money as fast as we can. Essentially, everyone's currency is rising against ours.
You are aware that a falling dollar isn't all bad, meaning our exports would rise as the dollar falls?
That is, even if we were "furiously" printing away.
Posted on 11/1/10 at 11:46 am to Tiger JJ
quote:
Generally one of the worst retail products in existence. Be careful with it.
Getting rid of it by the end of the week. Are there any better products that track the VIX?
Posted on 11/1/10 at 1:15 pm to Chris Farley
VXZ
Posted on 11/1/10 at 1:21 pm to Chris Farley
quote:
Getting rid of it by the end of the week. Are there any better products that track the VIX?
IMO, the volatility space has been ruined by setting up all these retail products. It's warped all the technicals.
Posted on 11/1/10 at 1:48 pm to Chris Farley
Farley, check out Bill Luby's blog. He's about as knowledgeable as anyone I've seen on anything VIX-related.
LINK
LINK
Posted on 11/1/10 at 2:08 pm to RedStickBR
I'll check it out, thanks guys.Posted on 11/1/10 at 2:41 pm to LSURussian
quote:
But you compared the dollar weakening to Japan
I could be wrong but I think he's referring to the dollar weakening to Japan's situation in the 90's, not the current state of the Yen.
Posted on 11/4/10 at 11:59 am to Chris Farley
quote:
Bought some VXX on Monday in preparation
Ouch...
Posted on 11/4/10 at 12:02 pm to LSU0358
quote:
Ouch...
The VXX is just not a good mechanism to use for almost anything.
Posted on 11/4/10 at 1:46 pm to Tiger JJ
VXX currently down 6% on the day, yikes.
Posted on 11/4/10 at 2:03 pm to John Merlyn
Down almost 20% since Monday.
Posted on 11/4/10 at 2:06 pm to Tiger JJ
January 2012 $5 Dollar puts on VXX are .60 each.
Fish in a barrel.
Fish in a barrel.
Posted on 11/5/10 at 4:38 pm to LSURussian
Before anyone calls me out, I'll go ahead and admit it: I missed it.
No excuses but when I started this thread I totally forgot the Fed meeting was the day after the election. I'm not sure it would have altered my prediction but I probably would not have started a thread on it.
I still think we're due for a pull back, but no more predictions.
No excuses but when I started this thread I totally forgot the Fed meeting was the day after the election. I'm not sure it would have altered my prediction but I probably would not have started a thread on it.
I still think we're due for a pull back, but no more predictions.
Posted on 11/5/10 at 5:24 pm to LSURussian
I think we were all going to let you slide..
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