[wxman]

Am I not seeing what others are about the Yen carry trade?

2-year chart of the USD to yen.
Yahoo charts USDJPY

Same for the Euro vs the yen
Yahoo Charts EURJPY

Seems that the ability to carry-trade is alive and well.

[ohanian]

http://www.aussie-nintendo.com/?v=news&p=15538


You know the big companies in JAPAN must performing like sh it when the fifth biggest company in Japan is NINTENDO.

And what heavy industries are you involved in, Nintendo-san?

I, Super Nintendo-Sama look down on Sony and Honda and that silly little Telecommunication company NTT.

[grink1tt3n]

$this->bbcode_second_pass_quote('ohanian', 'h')ttp://www.aussie-nintendo.com/?v=news&p=15538


You know the big companies in JAPAN must performing like sh it when the fifth biggest company in Japan is NINTENDO.

And what heavy industries are you involved in, Nintendo-san?

I, Super Nintendo-Sama look down on Sony and Honda and that silly little Telecommunication company NTT.

[cube]

$this->bbcode_second_pass_quote('firestarter', '.')..On the bright side at least we have the FDIC this time round to protect us...

[Jack]

Hmm.

If the credit pyramid crashes, dragging the stock market, the hedge funds, the banks and the rest of the financial structure down, those with assets will lose a lot. But those happen to be part of the power structure - at the least, they write checks to those seeking office.

So, how to deal with such a crash? A little jawboning to keep the naive in the game. A little bailout here and there to shore up the market. Some back-door deals to help where a bailout won't do. The crash is averted and the markets start back up.

What of the spending? Well, inflation increases. Those with assets (big houses, some stocks, raw land, gold, their own business) do fine. The middle class, after a nasty surprise and some sleepless nights, does OK. The poor - those at minimum wage with no hope of a pay increase and no property other than old rent receipts - they do badly.

Gee, I wonder what the Powers That Be will do?

[grink1tt3n]

$this->bbcode_second_pass_quote('Jack', '
')Gee, I wonder what the Powers That Be will do?

[cube]

$this->bbcode_second_pass_quote('Jack', '.')..
What of the spending? Well, inflation increases. Those with assets (big houses, some stocks, raw land, gold, their own business) do fine. The middle class, after a nasty surprise and some sleepless nights, does OK.
...

[Jack]

$this->bbcode_second_pass_quote('cube', 'T')hat depends which currency you wish to measure your assets with. For example if somebody were to ask me how much has US real estate prices have fallen? I would say that depends:

[whereagles]

I think investors are just cashing in. They need some liquidity to pay for their vacation.

No biggie

/sarcasm

[grink1tt3n]

H*ly shit.

The market was plateauing towards the end today, then just DROPPED to hit -200 while oil closed a cent away from the record.

What a day.

Listening to the CNBC, it seems it was large block trades that helped maintain highs towards the end. I guess the institutional investors pulled out at the very last moment. What a move.

[Ferretlover]

At 3:12 pm central -206.10

[PeakingAroundtheCorner]

Self delete

[Zardoz]

Another triple-digit drop for the Dow - Dow plunges for second straight day, falling more than 200 points on higher oil prices and persistent credit market fears.

$this->bbcode_second_pass_quote('', 'T')he Dow Jones industrial average (down 149.49 to 13,324.08, Charts) plunged 206 points, or 1.5 percent based on early tallies, after falling 311 points just a day earlier, the second biggest point loss of the year.

[cube]

Market crashes usually happen in the Fall or Winter months.

South Sea Bubble - September

1929 Wall Street - October

Tulip Mania - February

It's not Fall or Winter so I guess that means we don't have to worry just yet. Give me a call when the market drops 5%

[firestarter]

It's the worst week for the Dow in about five years. I even heard the stock babe at CNBC blame some of the downdraft on the poor 2Q performance form the oil majors. I could not believe my ears when she said their bad balance sheets were due primarily to DECLINING PRODUCTION! Freudian slip?

[Starvid]

"Stock babe"?

I must start watching American television!

And when it comes to declining production, Big Oil is in trouble.

Or rather, consumers are in trouble as declining production means higher prices and larger profits for Big Oil.

[IrrationalExuberanceMonky]

Should've been a no-brainer cover at the closing levels. I-bank/HF Stop hunting? Still not oversold so a reaction rally next week is a short
at 13640 if we get there, intermediate term next month- 6 weeks a buy at 12800 or so if the internals turn around. Carry trade will be back before the quarters out, can't be stomaching those 180 bp yield on a 10 year for too long.

Highly fun week was had by some....

[Starvid]

Say that again. In English and with punctuation.

[IrrationalExuberanceMonky]

$this->bbcode_second_pass_quote('Starvid', 'S')ay that again. In English and with punctuation.

[Jack]

$this->bbcode_second_pass_quote('Starvid', 'S')ay that again. In English and with punctuation.