PLANS FOR NEXT YR?

[Burbert]

Quitin time is gettin close. Not long
now and you kin take this job and shovel
it. Pensions round the corner, rrsps,
indexing, Fu&* gag. Gonna enjoy wathin
the young whizzbangs doin there tings.
And oh by the way, along the ways, I'm
gonna yap me trap and make it harder and
hard fer Comedian gag businessss ta
exist. Sour g****s you bet, ya ain't
heard anything yet. Go angribusiness
go......

[BreadWinner]

Burburt you are getting closer to the gates of hell
every day, go retire already. You won't make it in
this new Cwb free world. Quit now and go join
the rest of the experts at your local coffee shop.
You would hate to turn a profit on your wheat
then you won't want to retire.

[cottonpicken]

Its looking like game over for europe.

Greece is small potatoes for the eurozone and its
default is looking like a 100% guarantee according
to its bond market.

The implications go like this-greek defaults and the
banks that have exposure have to do a write
down,but they have already leveraged the
investment so they are instantly insolvent-people
who are aware of this will instantly overnight move
there capital out of the bank,aka bankrun.There are
rumours going around that this has started.

The big one is bnp of france,frances largest bank.

Theoretically the ecb can step in to provide
liquidity,no matter how many germans squeal, but
bnp is also has counter party risks who have to
absorb rightdowns,like morgan stanley who has a
huge risk exposure to french banks.

Now remember greece is small
potatoes,spain,italy,portugal are many times larger
in scope.

This is the derivative time bomb domino effect
nobody wants but cant be stopped.

[mustardman]

Paid $494 for last year fert and now $676, $182 a tonne higher. If this market totally collapes like 08 then along with grain prices fert will drop too. I'm thinking on waiting and see

[cottonpicken]

I cant remember bugging you about your specific
investments,i only remember attacking broad asset
class's,if it wasn't that i'm sorry.

And trust me i took as bad or worse of a likin today
as anyone else.

I had a 1.5 hour window after fomc speech and i
failed to act,could have followed king fox sprott out
of the chicken coop and come back the next night
for more but i got greedy and farmer boggis shot
my tail off.

Someday i'll learn.

[charliep]

No problem. Live in different worlds and our choice of investment strategies would reflect that. Not good or bad - just different. I have taken some courses at the university of speculation which involved some hefty tuitition. My decision is as much stress test as anything - didn't like the decision around stops/strategies first thing in the morning at breakfast. Others here are likely better at it.

[rhoff]

Help me to understand is this a leveraged ETF
long or short 30year treasuries?

[crusher]

charlie,

lol

[Hopperbin]

Actually I exited half my portfolio today and have cash now today. So far no loss or gain on this transaction other than the loss I just stomached. Cotton I like this trading and typically invest in companies with a low pe ratio so far works for me. GWO just turned out a small loss. Was one of them dividend companies that I tried. I thinking they are tied into the euro thing so thought to get out and see where the dust settles. Cotton these publicly traded companies are making money and employing people. Life will go on for these companies. Its average Joe that has to pay the tax not the publicly traded company. Joe will still work and need work.

[cottonpicken]

3x long,long dated treasuries.Based on price not
yield.

One of the things that never cross's any canadians
mind is the fact that many people around the world
wake up and all the money they thought they had
in the bank is gone.

The top douche of bank of nova scotia was on bnn
and said "yes we have exposure to french banks,but
i'm not saying anything else"

?????????-**** you prick,your god damn well
obligated in my mind,to tell us everything NOW

Remember that lehmans was triple a rating when it
went down