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Cameron MUST hold the line against the Merkozy

Posted by biketastic on 9th of Dec 2011 at 01:38 am

The UK's net contribution to the EU is disporportionately high:

http://news.bbc.co.uk/1/hi/world/europe/8036097.stm#start

.... so Cameron MUST hold the line against the Merkozy.

The previous labour governments of Brown and Blair have made stupid and unnecessary concessions to the EU over the years.

We must avoid the financial transaction tax at all costs as this would affect the UK more than other countries.

We are not part of the Euro f~$%-up and should not be funding its bail-out. For pity's sake we have enough problems of our own to sort out after Gordon Brown's criminal mis-management of our economy for 13 years.

As a non-Euro member of the EU, the last thing we Brits want is Franco-German legislation being imposed on us which hobbles the City of London as a financial centre. So, yes, I hope that all 27 are required to vote.

Italy has just paid 7.9%

Posted by biketastic on 29th of Nov 2011 at 06:20 am

9 red candles for the UK FTSE daily

Posted by biketastic on 24th of Nov 2011 at 12:02 pm

and me :-)

IMPORTANT - SPY System Newsletter

Posted by biketastic on 23rd of Nov 2011 at 08:56 am

A lesson in economics

Posted by biketastic on 6th of Nov 2011 at 01:30 pm
Title: ... I like surrealism best

Greece, again

Posted by biketastic on 31st of Oct 2011 at 02:39 pm

The Prime Minister has announced that a referendum is to be held on the bailout. Opinion polls suggest the result could be negative. So where, I wonder, does this leave the bailout?

http://www.bbc.co.uk/news/world-europe-15526719

...Mario Draghi, the new IMF chief is Italian lol

SSO - what am I missing here?

Posted by biketastic on 28th of Oct 2011 at 12:40 pm

... market down 0.37%, SSO up 0.83%

What's really going on behind the scenes in Euroland?

Posted by biketastic on 25th of Oct 2011 at 04:20 pm

Oh to be a fly on the wall. Seems that Merkel and Sarkozy (Germany and France) are having a bit spat with Berlusconi (Italy). Check out this BBC article:

http://www.bbc.co.uk/news/world-europe-15452367

Berlusconi is a wild card in every sense. When accused of being a philanderer he responded "better to like beautiful girls than to be gay". I am not condoning this sentiment; I'm just using the quote as an illustration of Berlusconi's devil-may-care attitude which could play a part in key negotiations where he holds a veto.

French CAC40 hit almost as hard

Germany's DAX down 5.5%

Posted by biketastic on 5th of Sep 2011 at 02:17 pm

... down 4.73% versus the DAX's close at 5.28%.

UK FTSE had a relatively good day, only down 3.58%

Germany's DAX down 5.5%

Posted by biketastic on 5th of Sep 2011 at 10:15 am

Interesting take on the death cross

Posted by biketastic on 31st of Aug 2011 at 06:02 am

Received this today from UK Money Morning writer Dominic Frisby, who is a technical analyst:

On a number of occasions, such as last summer and the summer before, the 50 dma has broken down through the 200 dma. However, on these occasions, the 200 dma has still been sloping up (in other words, the long-term trend is still rising).

For the signal to be complete, both moving averages must be sloping down when the 50 dma crosses the 200 dma. Since 1996, this has only happened twice. As you can see on the chart above, once was in late 2000. The other early 2008. Both were times to get out of the stock market.

... and I guess that you can add Matt's confirming candle to that

develish day....

Posted by biketastic on 8th of Aug 2011 at 04:06 pm

Stockcharts has spx down 6.66%.  And the spx bottomed at 666.  Makes you think. lol

14 trillion dollars

Posted by biketastic on 6th of Aug 2011 at 08:43 am

.... is an eye-watering amount of wonga

http://usdebt.kleptocracy.us/

OT, before the open, Michigan road trip

Posted by biketastic on 22nd of Jul 2011 at 08:37 am

I'm planning a clockwise road trip around Lake Michigan in the third week of September. I understand that there are many beautiful places to visit.  But which are the most beautiful and most interesting?

Any suggestions really appreciated - either by PM or out of trading hours to avoid cluttering the board.

Many thanks.

Mike, Denmead, UK

Extend and pretend

Trading in Europe

Posted by biketastic on 21st of Jul 2011 at 09:04 am

They're just kicking the can a little further down the road, buying a bit more time and postponing the inevitable. Greece is a tiny economy; the big worry is Spain and Italy - the so-called "too big to fail" economies.

Money Week, in the UK, suggested 3 scenarios to the Euro crisis this morning:

  1. Extend and pretend
  2. ECB prints money and buys debt (QE Euro-style)
  3. Throw Greece out of the EU

None of the options is without consequence.

Greece simply has to default.They can never hope to repay debts running at 167% of GDP - especially in a nation where income tax is regarded as "optional".

They are not being awarded loans; they are gifts.

Posted by biketastic on 28th of Jun 2011 at 10:10 am

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