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Ceinz
#911 Posted : Tuesday, June 14, 2011 8:59:17 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:


Update - And if you are a party animal in NY and strip clubs are your thing, note that lap dances are taxable. That's how the gubberment is raising tax revenues...



Funny, seems like tough times calls for tax measures. Imagine if it was in Ke.Laughing out loudly
“small step for man”
Ceinz
#912 Posted : Tuesday, June 14, 2011 9:01:10 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Goldman Sachs china recommendations:-

Coincidentally this is post 666... Pretty uncomfy...



Boy , u got humor.smile
“small step for man”
hisah
#913 Posted : Tuesday, June 14, 2011 9:09:19 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
JP Morgan Ousts Mortgage Chief David Lowman After Lapses Over foreclosures... The mortgage fraud drama continues... Most smelly is the Bank of America saga...

http://www.bloomberg.com...-over-foreclosures.html


Quote:

U.S. banks are dealing with the backlash from a bust in housing as mortgage losses and related litigation suppress earnings. Home prices in 20 U.S. cities fell 5.1 percent in the first quarter, the largest decline since the first quarter of 2009, according to the S&P/Case-Shiller index.



More on the Ching dynasty... China hikes bank reserves to contain inflation -> 6th time this year...?! But global investors expect a rally while global economists expect China to still push the 'recovery'... Wow!? Incredible!!

http://en.mercopress.com...od-costs-up-11.7-in-may

http://news.xinhuanet.co...11-06/14/c_13929086.htm

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#914 Posted : Wednesday, June 15, 2011 7:16:09 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
History has a sneaky habit of almost repeating itself since foxes run the hen house. Until the hens kick out the fox, the repeat cycle is here to stay...

History back in 2008 - Dexia bank group

http://uk.reuters.com/ar...n-idUKL2249550220080722

Present history - Dexia again and a host of French banks ->

http://www.morningstar.c...aspx?id=146256521386093

Future history -> Greece will default by Q4 2011. Then the chips will start falling... This is 2008 and the future is history. Europe coughed & lehman went bananas. Europe will cough again and... Do your homework and no cheating smile

Note 'Grease' 10yr bonds at 30%+ -- Bond vigilantes sucking the victim dry. What happens to the weak neighbors Spain, Portugal, Belgium, Italy etc and that 'strong' euro currency...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
erifloss
#915 Posted : Wednesday, June 15, 2011 8:29:04 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
@hisah, this time it might be Goldman Sachs. Greeks are tired of the cutbacks and the Socialists relevance is falling politically, they are even planning to surround parliament so that their parliamenterians don't go on with the slaughter. Germans are on the other hand tired of providing cash for bailots & are asking Merkel to stop. The Euro is sliding though not by a significant margin. This one might be worse than 2008 coz the ripple effect from Greece will first be felt by Portugal then Spain coz no one will want to provide more bailouts, while investment bankers are crying in the states & US govt defaults or interest rates rises, consumer & job numbers go tumbling down whereas the world's factory continue what they do best but expensively due to rising inflation, drop in the value of their dollar denominated reserves & rise in wages. Simply said, Greece has to be bailed out & US debt ceiling raised if the world economy is to really recover.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
hisah
#916 Posted : Wednesday, June 15, 2011 8:24:11 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.cnbc.com/id/43410272 -> Why Greece Is Not the Next Lehman

I bet you Greece will be a Lehman... Lame stream media is selling you the craps as usual Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#917 Posted : Thursday, June 16, 2011 5:20:58 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Something about Libya invasion... 144 tons of gold in its vaults is a lot of money for some bankrupt gubberments whom I won't mention... the gold dinar rumour...

http://www.johnperkins.org/?p=1051

And something about Iceland... http://www.johnperkins.org/?p=255


Quote:
Pasok's parliamentary group was scheduled to begin at 4.30pm amid speculation about a revolt of MPs against Prime Minister George Papandreou's leadership.


http://www.athensnews.gr/portal/8/43198
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#918 Posted : Thursday, June 16, 2011 8:41:59 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah, 4000 mark brokenSad Where to now?
GOD BLESS YOUR LIFE
hisah
#919 Posted : Friday, June 17, 2011 6:09:42 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
hisah, 4000 mark brokenSad Where to now?

The index went thru this mark some months back and got supported at 3900. The next support is 3600 if 3900 fails. Beyond 3600 is a lot of pain due to the weak support down to 3000.
Look for cheap bluechips and they'll be plenty smile I'm specifically looking at how the elephant aka safcom H1 results react to inflation with rock bottom calling rates & the Mpesa earns (to judge money flows). As a remainder I'm out of the market since my trigger was a 90/$. If NSE had short selling, I would be short banks & industrials.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#920 Posted : Friday, June 17, 2011 6:20:02 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
History - back in 1987 Dow had robo traders causing panic selling. Same in 2000 with nasdaq. In 2008 & the May 2010 flash crash. 1946 & 1962 come to mind, same behaviour... History is always the future i.e. trend reading aka sentiment aka psychology and wars or lack of them!?
Oh, btw investment traders were being paid handsomely back then just like today - they never have pay cuts even on rainy days?!
That's the definition of free markets forget the classroom material...

http://www.youtube.com/watch?v=2MyToTwag34
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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