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False alarm


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#1 ogm

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Posted 11 October 2007 - 01:42 PM

Long the futures. You see how easily scared this market is :) But this did hurt momentum.

#2 eminimee

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Posted 11 October 2007 - 01:49 PM

Must have been a very big European Dude.....trouble if 77.50 es stalls this bounce...if it's not stalled already

#3 ogm

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Posted 11 October 2007 - 01:55 PM

Something very hawkish, about how he'll kill the growth to save the world from inflation.
Along these lines.


http://youtube.com/w...p...ted&search=

#4 NAV

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Posted 11 October 2007 - 01:59 PM

That's right. All selloffs are rumors and false alarms. All advances are real. I wonder why what the European dude said did not move the Euro. Maybe those forex folks don't have access to this kind of privileged info. LOL

http://video.google....3...h&plindex=0

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#5 eminimee

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Posted 11 October 2007 - 02:01 PM

what futures did you long? stop? ED's have broken down....I'll trade those over some european dude. lol

#6 milbank

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Posted 11 October 2007 - 02:01 PM

It's the situation regarding Turkey. When the announcement came over the news services that Turkey had recalled their ambasador over congress's vote recognizing the killing of Armenians by the Ottomans right before WWI as genocide, the herd stampeded.

"The power of accurate observation is commonly called cynicism by those who have not got it."
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#7 MacRo

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Posted 11 October 2007 - 02:02 PM

I'm sure "some European guy" had everything to do with this... :lol: Maybe the powers that be caught wind of Denleo's S&P currency plot and decided to tank the indexes to keep the two at parity... :P

#8 zman

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Posted 11 October 2007 - 02:03 PM

Long the futures. You see how easily scared this market is :)



But this did hurt momentum.


The markets going up cannot save the world from inflation...inflation will kill what profits you get in your 401k or whatever...so what if they market goes to 20k...inflation will tag along and kill all the buying power..then what?
Education is the best defense against the media.

#9 blitz99

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Posted 11 October 2007 - 02:06 PM

His name is Axle, that ought to scare ya. I think ill have some saurebruten for dinner. Is that how you spell it?

#10 ogm

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Posted 11 October 2007 - 02:07 PM

aww.... look at all the excitement :) Ok, stopped out for a small loss. Was long ES.

Edited by ogm, 11 October 2007 - 02:11 PM.