A 20% devaluation of the Euro would work for everyone... It could be done virtually overnight... And would buy a year or two of time for everyone. The only other solution is political integration... Which would take years and elections and constitutional changes. When Airbus is building a plant in Alabama... It's the Sign of the Apocalypse. http://brucekrasting.blogspot.ca/2012/06/devalue-euro.html
It's the 20% devaluation overnight that has me worried, that could put a real cramp on my already small forex account of course, it would be nice if you were on the right side of it but that's not the way I like to play
My affectionate nickname should only offend you, since you're the only Old Turd around here As for the rest of it, your schizoid take on the market is really something else. On the one hand, 17% of your portfolio is long Europe. Longs that were beat down 25% in the past 12 months. Which explains why you flew off the handle like a little b*tch as soon as I posted this thread...(afraid you might be eating meow-mix into retirement?) Now, you wanna pass yourself off as some market maestro who didn't see the EZ crisis coming, and was long the entire duration (but apparently you're realizing "huge gains" scalping forex in your piker account...). To make you look even worse, you admit the only solution to all this is full integration - a pipedream 3 years ago, as much as it is today (see the recent German sentiment survey). If you actually believed that (and not just parroted Roubinis recent speech), you wouldn't have been net long the EZ for the past 3 years.... Bit delusional, eh Grandpa? All this makes it obvious you haven't a clue what you're talking about. You're just a perma-Euro bull who can't get past buy-and-pray. But that's good news for guys like me. The market needs more suckers to relieve their hard-earned cash from As for your "winning trades", I would encourage you to post them here. You talk a mean game, then admit you're an idiot walking around with a piker account. It's total jokes. And btw, I didn't recommend anyone go short. This entire thread was predicated on a Greek exit, from a radical-leftist political win, a few weeks back. Syriza didn't win so the immediate panic expected from a Greek exit, didn't happen. I explained this to you several times already, but you just keep hammering away that my panic call was totally unqualified, and general in nature, in some pathetic attempt to embarrass me. Trust me Depends, there is nothing you could say or do that would embarrass me, other than you losing continence at the dinner table. As for your "highly lucrative" Euro-long trade.... the euro is trading at the exact same 25 handle, it was when this thread was started. You're making out a like a bandit....
yeah, except I didn't start diversifying into Europe until May of 2012, and it's not all in Europe, a lot of it is also Asia, just wanted to have a little outside USA. Also, I acutally only trade EUR from the short side, when I get long I switch to CHF, and I have been in and out of those trades so many times since you started your "Sky is Falling" thread I can't count. Not sure why you need to denegrate me and/or others to make yourself feel good, but if you really think it helps, carry on. otherwise, I'm long some CHF right now (and you can put that in your book) and taking quite a hit on it, if that makes you feel better, glad I could help. Why don't you bump this thread in a few weeks to remind me of my stupidity.
ECB announces 25 basis point cut....Euro drops a nice 60 points in 10 mins.... lets see if we get some more downside.... http://www.ecb.int/press/pr/date/2012/html/pr120705.en.html
Hey OldTimer. Stop posting that quote every day. You're polluting the thread. I'll get ur depends wearing ass banned, if you keep it up
at any rate my total exposure of total liquid net worth just in Europe is probably around 15%. ok I'll quit posting your quote, if you think that is polluting your thread It's just you promised you would and so far have broken your promiuse If you don't bump it in a few weeks, I will
You only "diversified" into Europe at the recent, near-term bottom???? LOL Bullshit. You're full of crap, Depends. You haven't got a spark of insight, and readily admit your clueless, but here we go again....more fantastic bottom calls. Post your blotter, grandpa. Otherwise, STFU. As for this thread, don't pollute it with your constant, childish goading. If you wanna have adult conversation, great. If you're gonna continually throw shit and goad, I'll get you kicked off. The looming Euro crisis is here to stay, and this thread will serve as a great sounding board to discuss. You might disagree with that assessment - and you'd be dead-wrong (EURO is down 25 cents against the USD alone, in the past 12 months) - but don't ruin it with your constant spamming. Thank you.
Bump it often. But multiple times a week with the same quote is just spam.. That simple. U think that quote embarrasses me? I couldn't give a shit. Just don't ruin this thread for the rest of us. Thank you.
bottom? How did I know it was a bottom? I don't even follow it, and it is only a small part of my conservative investments. Why? has it gone up? Last I checked I was still down. And how can it be a bottom if as you say "The Euro Panic is Just Around the Corner"? It's just in two mutual funds over at Vanguard one is the International Growth Fund (VWIGX) And the other is All World ex US (VFWIX) same as EFA