.... 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.
Posted by biketastic on 6th of Dec 2011 at 11:41 am
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.
SOCIALISM You have
2 cows. You give
one to your neighbour.
COMMUNISM You have
2 cows. The
State takes both and gives you some milk.
FASCISM You have
2 cows. The
State takes both and sells you some milk.
NAZISM You have
2 cows. The
State takes both and shoots you.
BUREAUCRATISM You have
2 cows. The
State takes both, shoots one, milks the other, and then throws the
milk away.
TRADITIONAL CAPITALISM You have
two cows. You sell
one and buy a bull. Your
herd multiplies, and the economy grows. You sell
them and retire on the income.
ROYAL
BANK OF SCOTLAND (VENTURE) CAPITALISM You have
two cows. You sell
three of them to your publicly listed company, using letters of
credit opened by your brother-in-law at the bank, then execute a
debt/equity swap with an associated general offer so that you get
all four cows back, with a tax exemption for five cows. The milk
rights of the six cows are transferred via an intermediary to a
Cayman Island Company secretly owned by the majority shareholder
who sells the rights to all seven cows back to your listed
company. The
annual report says the company owns eight cows, with an option on
one more. You sell
one cow to buy a new president of the United States , leaving you
with nine cows. No
balance sheet provided with the release. The
public then buys your bull.
SURREALISM You have
two giraffes. The
government requires you to take harmonica lessons.
AN
AMERICAN CORPORATION You have
two cows. You sell
one, and force the other to produce the milk of four cows. Later,
you hire a consultant to analyse why the cow has dropped
dead.
A FRENCH
CORPORATION You have
two cows. You go
on strike, organize a riot, and block the roads, because you want
three cows.
A
JAPANESE CORPORATION You have
two cows. You
redesign them so they are one-tenth the size of an ordinary cow and
produce twenty times the milk. You then
create a clever cow cartoon image called a Cowkimona and market it
worldwide.
AN
ITALIAN CORPORATION You have
two cows, but you don’t know where they are. You
decide to have lunch.
A SWISS
CORPORATION You have
5000 cows. None of them belong to you. You
charge the owners for storing them.
A
CHINESE CORPORATION You have
two cows. You have
300 people milking them. You
claim that you have full employment, and high bovine
productivity. You
arrest the newsman who reported the real situation.
AN
INDIAN CORPORATION You have
two cows. You
worship them.
A
BRITISH CORPORATION You have
two cows. Both are
mad.
AN IRAQI
CORPORATION Everyone
thinks you have lots of cows. You tell
them that you have none. No-one
believes you, so they bomb the crap out of you and invade your
country. You
still have no cows, but at least you are now a Democracy.
AN
AUSTRALIAN CORPORATION You have
two cows. Business
seems pretty good. You
close the office and go for a few beers to celebrate.
A NEW
ZEALAND CORPORATION You have
two cows. The one
on the left looks very attractive.
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?
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:
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.
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
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.
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:
Extend and pretend
ECB prints money and buys debt (QE Euro-style)
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".
The community is delayed by three days for non registered users.
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.
Beware the Merkozy
Treaty.... I have a bridge to sell you CHEAP!
Posted by biketastic on 6th of Dec 2011 at 11:41 am
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
for 3 year bonds
http://www.bbc.co.uk/news/business-15933685
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
SOCIALISM
You have 2 cows.
You give one to your neighbour.
COMMUNISM
You have 2 cows.
The State takes both and gives you some milk.
FASCISM
You have 2 cows.
The State takes both and sells you some milk.
NAZISM
You have 2 cows.
The State takes both and shoots you.
BUREAUCRATISM
You have 2 cows.
The State takes both, shoots one, milks the other, and then throws the milk away.
TRADITIONAL CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.
ROYAL BANK OF SCOTLAND (VENTURE) CAPITALISM
You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.
The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.
The annual report says the company owns eight cows, with an option on one more.
You sell one cow to buy a new president of the United States , leaving you with nine cows.
No balance sheet provided with the release.
The public then buys your bull.
SURREALISM
You have two giraffes.
The government requires you to take harmonica lessons.
AN AMERICAN CORPORATION
You have two cows.
You sell one, and force the other to produce the milk of four cows.
Later, you hire a consultant to analyse why the cow has dropped dead.
A FRENCH CORPORATION
You have two cows.
You go on strike, organize a riot, and block the roads, because you want three cows.
A JAPANESE CORPORATION
You have two cows.
You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk.
You then create a clever cow cartoon image called a Cowkimona and market it worldwide.
AN ITALIAN CORPORATION
You have two cows, but you don’t know where they are.
You decide to have lunch.
A SWISS CORPORATION
You have 5000 cows. None of them belong to you.
You charge the owners for storing them.
A CHINESE CORPORATION
You have two cows.
You have 300 people milking them.
You claim that you have full employment, and high bovine productivity.
You arrest the newsman who reported the real situation.
AN INDIAN CORPORATION
You have two cows.
You worship them.
A BRITISH CORPORATION
You have two cows.
Both are mad.
AN IRAQI CORPORATION
Everyone thinks you have lots of cows.
You tell them that you have none.
No-one believes you, so they bomb the crap out of you and invade your country.
You still have no cows, but at least you are now a Democracy.
AN AUSTRALIAN CORPORATION
You have two cows.
Business seems pretty good.
You close the office and go for a few beers to celebrate.
A NEW ZEALAND CORPORATION
You have two cows.
The one on the left looks very attractive.
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
perhaps they have a cunning plan
Italy i-shares loses breakout support
Posted by biketastic on 31st of Oct 2011 at 11:54 am
...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%
2.00pm CET = 1.00pm UK = 8.00am EST
NEws conference at 2.00 CET time
Posted by biketastic on 27th of Oct 2011 at 02:04 am
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:
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.
so is that a good thing or a bad thing? lol
Obama speaking any second....
Posted by biketastic on 8th of Jul 2011 at 11:01 am
Posted by biketastic on 28th of Jun 2011 at 10:10 am