on that particular night, I really was truly the greatest. and I'm sure you were also good. I'm not competitive. Never have been. It's not in my nature. Never understood man's need to win. the only thing I compete against is my own account balance. You are correct, you have no clue what I am doing and I have no clue what you are doing. The only difference is, I don't give a shit what you are doing.
it is obvious in your socialist world the puerto rican debt crisis ,new jersey pensions crises, the detriot bankruptcy and the oncoming chicago bankruptcy have zero effect on the price of stocks and are not part of an incipient crisis.
at the moment, I'm short a full load of eur.aud and long a full load of eur.cad. So other than the exchange rate that makes me about flat the eur, and then I have a small short eur.jpy which makes net short eur. And that could change at any time. But I am and have been a perma bear on the eur. I always start every trade out net short the eur. It's been a winner for me for a long, long time. And I don't see that anything has changed. Everybody wants their currency to go down, but at this time in history, the EU REALLY needs eur to go down. Once things settle down in EU, I think janet will raise and the USD will take the brunt of it. Keep in mind, this is just my uneducated opinion. I never actually trade on what I think should happen. If you say the 5 min is bearish (I never look at charts anymore) I agree, because I am always bearish eur until we hit parity. Greece is a done deal, but Italy is a different matter. Now who's idea was it that Germany should have the same currency as Greece and Italy?
puerto rico, chicago, detroit, new jersey? They can all go bankrupt. They haven't been a significant part of the US economy for a long time. Now, if North Dakota or Texas ever get in a bind, that would be a source of concern to me.
and another thing, If I am domiciled in Chicago, how does it affect me if the local government goes bankrupt? My company was making money long before chicago borrowed too much and promised too much. How does that affect my price on the exchange? The only thing that can affect me is the tax rate. Other than that, people are buying and selling my stock based on my earnings and prospects, not based on how screwed up my local socialist government is.
well that didn't last long. What the hell is going on with that yen? so that makes me eur.aud short eur.cad long eur.jpy short all at the same full size load, so net short, and that is the kind of position I can sleep on, since I am a euro perma bear