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[sam4]

mostly long term trader, cause you tend to get a clearer picture of the market

[sam4]

CREDIT TIGHENED IN Q4 AND LOAN DEMAND FELL CONSIDERABLY; BANKS SEES SIGNIFICANT DECLINE IN NET TIGHTENING IN Q1
- ECB expects access to medium and long-term funding to be subdued in upcoming months
- Weak economy and negative industry outlook prompted tougher lending standards

[sam4]

2009.02.05 11:21 sell 2.00 gbpusd 1.4651 0.0000 1.4551 2009.02.06 04:35 1.4665 0.00 0.00 -52.62 -280.00
2009.02.06 03:18 sell 2.00 gbpusd 1.4735 0.0000 0.0000 2009.02.06 04:36 1.4663 0.00 0.00 0.00 1 440.00

[sam4]

dow,jpy crosses and carry crosses all ready to go through the top.

time for a break!
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carry remains the lavour of the day..mre to come!!

[sam4]

UK interest rates cut to new low of 1pc
The Bank of England's Monetary Policy Committee slashed interest rates by half a percentage point to a new historic low of 1pc yesterday as it continued to fight the deepest UK recession since the 1980s.

[sam4]

Tony Dolphin, senior economist at the Institute for Public Policy Research, said interest rate cuts may have "reached the limits of their effectiveness" and that it was now time to turn to quantitative easing, where the Bank would increase the money supply by buying up assets like corporate bonds to increase the flow of lending.

[sam4]

GBPJPY shorts are on way

Monthly 134.34 122.60
Weekly 130.89 125.08
Daily 134.27 131.77

Recommended range 137.77 116.99



CABLE expected
Monthly 1.48040 1.38003
Weekly 1.45450 1.40819
Daily 1.47673 1.45543

[sam4]

FEBRUARY 6, 2009 Deutsche Bank Fallen Trader Left Behind $1.8 Billion Hole

The fall of Boaz Weinstein, once one of Wall Street's hottest traders, speaks volumes about why financial firms still are reeling from the shattered global markets.

As a chess master, poker and blackjack devotee and top trader at Deutsche Bank AG, Mr. Weinstein made big bets using complex financial instruments, generating large returns for the bank and about $40 million in annual pay for himself. But in 2008 the group he ran saddled the bank with $1.8 billion in losses, erasing more than two years of trading gains

[sam4]

Ive seen a chicago floor trader by year end.. he took a month and a half off as losses were the daily dose for anyone last fall...

just to bring an idea we talk of single desks of market makers loosing 600 mios just in one morning, and this was going on for months ...so make some counts how many of those are there... but It ever was..... you can't ever win, this is absurd thinking of those buy and holders that bought stupid papers in the decade behind...so the cultprit is the exagerated hedonistic model... all rich with nothing is too easy for anyone upon this world imvho

some have also claims they never lost and things of sort...do not trust such disturbed minds

[sam4]

The Bush administration overpaid tens of billions of dollars for stocks and other assets in its massive bailout last year of Wall Street banks and financial institutions, a new study by a government watchdog says.

The Congressional Oversight Panel, in a report released Friday, said last year's overpayments amounted to a taxpayer-financed $78 billion subsidy of the firms.

The findings added to the frustrations of lawmakers already wary of the $700 billion rescue plan, known as the Troubled Asset Relief Program. Congress approved the plan last fall, but members of both parties criticized spending decisions by the Bush administration and former Treasury Secretary Henry Paulson.

Financially ailing insurance giant American International Group, deemed by the Treasury Department to be too big to be allowed to fail, received $40 billion from the Treasury for assets valued at $14.8 billion, the oversight panel found.

[sam4]

NFPs is rather double sided, It might also come somehow in line and nothing serius to happen, even if the number is record negative. As per historic reference numbers of below 0 to -200k were already the beggining of crashes, but nowadays thing changed and so we have to adapt.

so far if looking at the recent past if equities rise generally the usdindex must fall. yen apart as per the carry trade factor...but this is a larger view not appliable to daily trading

[sam4]

So far there were some fundamental errors in recent months about the speculation of monetary policy and the like. It is not a problem of interest rates alone, but of the amount of liquidity that has been enflated over the real liquidity at disposal too much. So those countries most at leverage as UK and US particularly are the most at risk if equities crash seriusly this year. It might still happen, but not so soon yet and might happen due extraordinary casualties or factors.... till now the market overdigested the whole and is stabilizing ...we are going to see how this month ends so far

[sam4]

bought march snp at 830.50 and cash dow at 7963.
--
half snp 500 clsoed at 855.75 for 25.25 points.order higher removed,stops to 800 on rest.
--
cash dow 7963 out now at 8211 for +247,stps to 7800 on rest.

[sam4]

earlier citi long 3.57 stopped fo minus 28 cents.enetred again at 3.32,stops later.
--
half of 3.32 long out at 3.78,rest stops on entry

[sam4]

Germany's biggest lender, Deutsche Bank, on Thursday posted its first annual loss since World War II after a terrible fourth quarter but said it would survive the global meltdown without state aid.

Auto Suppliers Face March 1 'Cash Crisis' - Trade Grp
Hundreds of U.S. auto suppliers are in danger of running out of cash by March 1, when they will begin to sustain losses caused by production slowdowns in December and January, according to a trade group representing 400 parts makers.

In making a case for $25.5 billion in federal aid for the reeling supplier industry, the Motor & Equipment Manufacturers Association said parts makers face an imminent "cash crisis" without government aid.