Posts by "pippedoff"

Ashraf,

This tweet of yours had me in stitches:

brace urselves for the cacophony of Guidance EarningsEstimates WhisperNumbers ToplineEarnings Revenues Organic earngs, Post & PreTarp $$ .


It reminds me of the late 90's in the U.S., when all the large U.S. multinationals would cry about the strong dollar and it's negative affects on their earnings. So much so that Lou Gerstner, in a brazen effort to run IBM stock up so he can unload millions and millions of insider shares on the unsuspecting public, actually started the trend of reporting TWO earnings numbers" one with the real numbers, and one with "constant" currency as if the strength in the USD was not occuring.

These guys have been fleecing the public for years, decades. Yet the public always goes back for more. Can anyone believe the Vix is at 18? And CNBC is calling it "irrelevant" because "it is different this time". OMG!

Said,

Right about what? Supporting Eur over 1.45 and gold over 1150, or jpy will be sold in Asian session?

Regarding PPT, I just remember reading it somewhere in these boards. Although I believe intervention occurs daily in FX by many different entities, I am not a believer of a PPT in FX.

Now the U.S. Stock market, absolutely! PPT. In fact, they are the main reason S&P sits where it does and not at 910 where it belongs.

The U.S. recovery is solely based on the "perception" of higher stock prices. The ol' jobless recovery is a crock. Actually, it appears the tune is being changed to read that the largest economy in the world will remain in recesiion while all other economies will recover. This is the justification for trash eur and gbp to be bid higher, and mindless fundamental analysis simply pounding the table for yet even higher levels of eur and gbp, instead of reading the tea leaves as Ashraf does.

as predicted, they will bid eur/gbp higher to support eur/usd.

Me too. I think this is the trump card Ashraf has over many others. When all the noise of NFP and China fade (which should be shortly), and the mo-mo players get scorched bidding up the trash eur and gbp, and get caught buying gold after a six-day, $85 rally, then people will focus on the spread searching for the reason of the demise of the eur.

Another guy whom I like a lot is Rick Santelli on CNBC. he is a no-nonsense guy who knows his craft, and is NOT afraid to not only question, but laugh at others whom he believes make foolhearty statements. Santelli is always talking yiels and spreads.

BTW, did u see them throw gold a lifeline when it dipped below 1150? $3.5 rally in five minutes, based on...?

I am watching the 1150 level on gold closely. It just bounced a bit from there. A break below opens up the gap for filling.

Eur/gbp may have to be bid to support eudover 1.45. If this occurs, what happens to gbp?