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Originally posted by jimmyx
gold is looking pretty good right now...but it's so hard to sleep on it under my mattress...must get used to the lumps. well, there are alot of people calling for a fall this fall, so it shouldn't be a surprise when it happens.
Originally posted by GreenBicMan
Now how would we from this data figure out the projected path and slope of the EMA and how would we find out if the price actually violates this curb one way or another using these types of analysis?
Hope this makes sense.. I can take screenshots of my automated excel sheet if needed for more clarity
U.S. credit card issuers pare lending limits
NEW YORK (Reuters) - Millions of Americans have already seen their credit card limits shrink, and millions more face the same fate as lenders prepare for tougher U.S. consumer protection rules.
Since the financial crisis deepened a year ago, credit card companies have been closing millions of inactive accounts, cutting credit limits and raising interest rates to cushion themselves from record loan losses.
This is just the beginning of the biggest shake-up in the credit card industry in at least 20 years, analysts said.
Credit Suisse analyst Moshe Orenbuch estimated available credit card lines will be cut by about 20 percent, or $1.2 trillion, in coming months, and warned that "further cuts could result from the provisions of the new credit card law."
Meredith Whitney, one of Wall Street's best known and most bearish bank analysts, forecast that unused credit card lines will be cut by $2.7 trillion, or around 50 percent, by the end of 2010.
"Much of the credit line reduction to date has been driven by inactive account elimination, and I think in some respect you are seeing now a contraction in credit lines to individuals that are active," said Sanjay Sakhrani, an analyst at KBW.
Originally posted by fromunclexcommunicate
You read about these millionaires buying up expensive works by Davinci and Michelangelo then inviting their wealthy friends over for a private showing.
Stocks brace for September
NEW YORK (CNNMoney.com) -- With stocks now sitting more than 50% above March lows and notorious rally-spoiler September in sight, the calls for a pullback have been getting louder.
But the momentum of the stock rally and other signs of optimism in the economy might just keep investors buying.
"We're up sharply from the lows, moving into the seasonally weak September through October period and everyone is talking about a correction," said Rick Campagna, chief investment officer at 300 North Capital. "And that's why it won't happen."
On the docket
Monday: The Chicago PMI, one of the more closely-tracked regional readings on manufacturing, is due in the morning. The index is expected to have risen to 47.2 in August from 43.4 in July, according to a Briefing.com survey of economists. That puts the index closer to the 50 level that indicates growth in the sector.
[trying to confuse an android]
Captain Kirk: Harry lied to you, Norman. Everything Harry says is a lie. Remember that, Norman. *Everything* he says is a lie.
Harcourt Fenton Mudd: Now I want you to listen to me very carefully, Norman. I'm... lying.
Norman: You say you are lying, but if everything you say is a lie, then you are telling the truth, but you cannot tell the truth because you always lie... illogical! Illogical! Please explain! You are human; only humans can explain! Illogical!
Captain Kirk: I am not programmed to respond in that area.
Chekov: I think we're in a lot of trouble.
Captain Kirk: That's a great help, Mr. Chekov. Bones?
McCoy: I think Chekov's right, we are in a lot of trouble.
Captain Kirk: Spock, and if you say we're in a lot of trouble...
Spock: We are.
Bankers watch as Swedish interest rates goes subzero
# Swedish Riksbank is the world's first central bank to have negative interest rates
# Move is designed to encourage commercial banks to boost lending
# Bank of England governor has hinted he may follow the Swedish example
# Fears are rising of a liquidity trap, where cash from banks don't filter to economy
Originally posted by RetinoidReceptor
Wait a second..................
Everyone is talking about a correction which is why it won't happen, right??
But everyone is also saying that since everyone is talking about a correction it won't happen........so does that really mean a correction will happen???
Freedom Communications Expected to Declare Bankruptcy
Orange County Register owner Freedom Communications Inc. is expected to declare bankruptcy this week, according to people familiar with the situation, the latest in a string of Chapter 11 filings in the battered newspaper business.
The Irvine, Calif.-based Freedom, which has been majority owned for more than 70 years by the Hoiles family, has reached agreements with its lenders to restructure its debts, according to these people.
With annual sales of about $700 million, Freedom owns the Orange Country Register and more than 30 other daily newspapers and eight television stations.
Roubini does not see the immediate threat of the W-shaped recession. However, he does believe that the U.S. will be caught in a prolonged U-shaped recession for some time.
Unemployment is already too high and continues to grow, and the financial system is still largely insolvent – having only been saved by government intervention. Furthermore, the U.S. current account deficit – driven by our trade imbalances – is more than any economy can overcome.
All told Roubini sees seven characteristics which will impede long-term growth and could lead to a “double-dip.” Without major changes to current policy, the “recovery” being promoted by the media and government will be very short-lived
Lehman faces up to $100bn in claims
Lehman Brothers’ European businesses plan to lodge claims for as much as $100bn against their former holding company in the coming weeks, as the winding up of the collapsed US bank gathers pace.
The filing of the demands, which are being prepared by PwC, represents the opening of another front in the battle to recoup billions of dollars from Lehman Brothers, following its bankruptcy almost a year ago.
Tony Lomas, a partner with PwC – which is acting as administrator of the defunct investment bank’s main European operations – described the range of claims as “exceptionally complex”. Many relate to past guarantees that the former parent company issued to its global subsidiaries, Mr Lomas said.
Originally posted by fromunclexcommunicate
reply to post by GreenBicMan
My old Cassiopeia has pocket EXCEL which I used a few times for archiving market order data but its not connected to the net and wouldn't handle 1,000,000 lines of code LOL. Even a fast desktop machine only has enough capacity to draw the Forest but never all the trees.
When we talked about program trading before, it seemed the biggest problem was that insider traders manipulated the market using inside information independent traders do not have access too. The big firms that have the capital to move whole markets not just individual stocks probably compete with each other which does add some confusion to market manipulation. There must be some cooperation and master plan between Goldman and the other major props though otherwise why would "preferred customers" sign up and pay a premium to receive timing information?
Microsoft got nailed by the Justice department for monopolizing the software business because they sent out very explicit Emails explaining how they planed on conquering the software world. You want to be careful who you PM with especially now that you are under consideration by a prop.
You read about these millionaires buying up expensive works by Davinci and Michelangelo then inviting their wealthy friends over for a private showing. You could probably get more valuable insider trading tips serving coffee at one of those events rather than subscribing to any of these market timing services. When was the last time Clint Eastwood showed up with his .44 Magnum at a wine and cheese party?
[edit on 30-8-2009 by fromunclexcommunicate]