Haha, at some point the fundamentals matter, and the Euro is going to tank. What's holding it up is the US rallying off its lows. But, I think after the Merkel/Sarkozy meeting ends, and nothing materializes, the Euro moves down and perhaps the US ...

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I do the decoupling from Europe chatter just began a few minutes ago.

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I think it will be a non-event. S&P made a 2 trillion mistake, further less credibility by S&P. S&P acknowledges the mistake, just did on CNN, but decided to stick with their decision to downgrade.

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Considering this is the same agency that rated Subprime Mortgages Triple AAA, I don't know how anyone can take anything they say seriously. Those mortgages were Triple AAA till the day they collapsed, and then we find out that S&P's models for ...

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You going to donate any of your profits tonight to the LSU football program. lol

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to bad this isn't the 4 hr close. lol

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I let price action on the daily sometimes 4 hour determine my trend, and I trade trend, I don't really worry about entry, however, I go for big moves. But, as the old sang is, "The trend is your friend," couldn't be truer.

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I agree Geitner said this week that paying bond holders will be the number 1 US priority, it just means that govt workers, the military, social security and medicare payments won't be made, but interest rates won't skyrocket because bondholders will ...

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If you mean the House vote it was delayed.

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My TP is 1.4250, let's see if we get there.

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Moody's to possibly downgrade Spain. That was the coin flip.

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Even though I usually ignore the fundamental picture, based on fundamentals, I'm looking for it trade back below 1.43, no one wants to buy the euro for 2 reasons, 1. US defaults, the thought is there will be a global financial crisis, so the risk ...

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Unfortunately its not the affluent people, they make up just a small percentage of the republican party, its the white anti-abortion, pro-religious, anti-gay, anti-immigration backbone of the party that hates Obama so much that they could careless ...

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The tea partiers are handing back power of Congress to the Democrats next year.

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They won't default, they'll compromise and pass a bill in the final hour like they always do. Further, the treasury already stated today that all the bondholders will continue to get paid, which just means govt workers, the military and some doctors ...

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Ironically, the spin is that if the US defaults, no one in the world will want to take risk, so that's bad for the euro since everyone will be risk averse and that is good for the dollar against the euro even though US is in default. lol

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What's amazing that the Republican party is so owned by the US Chamber of Commerce that they can't pass a budget that cuts 4 trillion in spending, doesn't raise someone's marginal tax rate at all, but cuts loop holes in the tax code for billionaires ...

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Sell signal for me, would have been a super sell if it had closed below support.

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That's why you take a hot news flash and you throw it in the trash.

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As I like to say, you take a hot news flash and you throw it in the trash, I bought the dip, still think the euro moves higher.

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