reply to post by TaZCoN
It's NEVER a bad idea to have enough Cash on Hand.
So look at your situation and then decide. I know I will be making a Limit sized withdrawal before morning
RED ALERT: FX Dislocation In Process, page 4
reply posted on 16-2-2009 @ 09:48 PM by tjeffersonsghost
reply to post by redhatty
Correct I am more in lines of thinking this is a European problem maybe even a UK problem.....things are really unstable in the UK especially with rumors of the UK being bankrupt....
Correct I am more in lines of thinking this is a European problem maybe even a UK problem.....things are really unstable in the UK especially with rumors of the UK being bankrupt....
reply posted on 16-2-2009 @ 09:49 PM by disgustedbyhumanity
reply to post by TaZCoN
Basically it is saying the dollar is showing huge strength. In order to buy dollars these folks need to sell everything denominated in a different currency including stocks and of course other currencies. This should kick start a move toward US stocks.
Why is this happening? Most likely we agreed to the G-7 refunding program or we are actually getting settlement of huge amount of monies that was stashed (stolen) overseas by some less than angelical members of the PTW.
We will probably never know the exact truth, but something big is happening under the radar.
Basically it is saying the dollar is showing huge strength. In order to buy dollars these folks need to sell everything denominated in a different currency including stocks and of course other currencies. This should kick start a move toward US stocks.
Why is this happening? Most likely we agreed to the G-7 refunding program or we are actually getting settlement of huge amount of monies that was stashed (stolen) overseas by some less than angelical members of the PTW.
We will probably never know the exact truth, but something big is happening under the radar.
reply posted on 16-2-2009 @ 09:52 PM by nj2day
reply to post by redhatty
LOL good point... the euro is up vs. the dollar...
I've only been watching asian currencies... I'll have to take a look at some more stuff...
either way... I hope this mellows out before the EUX opens... I really don't want to stay up until 3 am
man, I'm glad I cashed my stocks out back in August lol
you have no idea how often i've said that lately...
LOL good point... the euro is up vs. the dollar...
I've only been watching asian currencies... I'll have to take a look at some more stuff...
either way... I hope this mellows out before the EUX opens... I really don't want to stay up until 3 am
man, I'm glad I cashed my stocks out back in August lol
you have no idea how often i've said that lately...
reply posted on 16-2-2009 @ 09:55 PM by redhatty
Here's a blog about East Europe and their struggles as of
recent
Let's hope tonight is NOT the spark
It’s getting bleaker by the minute in Eastern Europe. In case you didn’t catch the latest from the Telegraph’s Ambrose Evans-Pritchard, he warned at the weekend how a growing crisis in Eastern Europe could cause nothing less than a total collapse in the West, or as he put it: “If one spark jumps across the euro zone line, we will have global systemic crisis within days.”
Let's hope tonight is NOT the spark
reply posted on 16-2-2009 @ 09:57 PM by redhatty
reply to post by nj2day
nj,
The Euro has DROPPED 1.11% against the Dollar Just tonight so far. That's not strong dude
nj,
The Euro has DROPPED 1.11% against the Dollar Just tonight so far. That's not strong dude
reply posted on 16-2-2009 @ 09:57 PM by eldard
Originally posted by lel1111
I'm not making light of this situation at all, but the thought crossed my mind of getting over to Costco (our big box store) to stock up on more necessities.
Anyone wanting to stock up should see this thread. www.abovetopsecret.com...
reply posted on 16-2-2009 @ 09:58 PM by ProfEmeritus
reply to post by redhatty
I agree. I've been watching the markets on Bloomberg, and what I've concluded, is that three does not seem to be ONE cause. I had been watching Japan, when I saw this thread.(I usually have 10-12 tabs open, multitasking them all) and I responded with what I saw in Japan. Now that I'm into this more, there are things that just don't seem to fit together. It is almost as if there is no common thread, just mass chaos. As to the effect on US markets, only God knows what will happen past the obvious knee-jerk reaction at open tomorrow. Get some marshmallows and be ready to roast them. As the Chinese say, "We are living in interesting times."
Professor, as much as I would like to believe that it was Japan following through on their need to devalue the Yen, there are TOO MANY currency crosses involved tonight for it to just be Japan
I agree. I've been watching the markets on Bloomberg, and what I've concluded, is that three does not seem to be ONE cause. I had been watching Japan, when I saw this thread.(I usually have 10-12 tabs open, multitasking them all) and I responded with what I saw in Japan. Now that I'm into this more, there are things that just don't seem to fit together. It is almost as if there is no common thread, just mass chaos. As to the effect on US markets, only God knows what will happen past the obvious knee-jerk reaction at open tomorrow. Get some marshmallows and be ready to roast them. As the Chinese say, "We are living in interesting times."
reply posted on 16-2-2009 @ 09:59 PM by lightinthedark33
Originally posted by nj2day
reply to post by redhatty
LOL good point... the euro is up vs. the dollar...
I've only been watching asian currencies... I'll have to take a look at some more stuff...
either way... I hope this mellows out before the EUX opens... I really don't want to stay up until 3 am
man, I'm glad I cashed my stocks out back in August lol
you have no idea how often i've said that lately...
Yeah man i'm glad i cashed my stocks in back in may. They have all lost 20% of their value since then!
reply posted on 16-2-2009 @ 10:03 PM by ProfEmeritus
reply to post by lightinthedark33
I can't speak for the BBC, but today was a national holiday in the US, and all networks and US cable companies run on skeleton staff. The "B" team has been in for the 3-day weekend. It seems more than a coincidence that so many big things happen when there is no real news group to report. Gee, if I didn't know better, I would say it's a conspiracy. Oh wait, this IS ATS, the conspiracy site, and I just preached to the choir!
Fox is not reporting this CNN and MSNBC both sealed lips
I can't speak for the BBC, but today was a national holiday in the US, and all networks and US cable companies run on skeleton staff. The "B" team has been in for the 3-day weekend. It seems more than a coincidence that so many big things happen when there is no real news group to report. Gee, if I didn't know better, I would say it's a conspiracy. Oh wait, this IS ATS, the conspiracy site, and I just preached to the choir!
reply posted on 16-2-2009 @ 10:07 PM by eldard
The euro fell to a 10-week low against the dollar after Moody’s Investors Service said it may downgrade a number of banks with units in Eastern Europe, reigniting concern about financial turmoil in the region.
The euro also weakened against 14 of the 16 major currencies on speculation its recent declines triggered automatic sell orders.
The Moody’s story “helped push euro down below 1.27 and accelerated dollar gains across the board,” said Callum Henderson, head of global currency strategy at Standard Chartered in Singapore.
www.bloomberg.com...
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