Seeking Alpha

Tom Luongo

 
View Tom Luongo's Comments BY TICKER:
  • Spanish Auction Confirms Euro Bull Market For 2013 [View article]
    @Mitch: Thanks for the clarification and the comment..
    Jan 14 03:14 PM | Likes Like |Link to Comment
  • Spanish Auction Confirms Euro Bull Market For 2013 [View article]
    @GGGL: I never said that there would be a bull happening in Europe from a GDP perspective, though I do appreciate your comments. I said there would be a bull market in the EURUSD and that the events of 2012 and so far in 2013 confirm this reading on the currency. Nothing more. If anything a rising EURUSD will exacerbate the GDP contraction.

    It is the explicit back-stop of the multitude of sovereign bonds that is doing this. Will it last beyond 2013? That's a good question but I'm not making that assessment.

    And safe haven buying is more acute than the market is pricing. When the confidence in the monetary system fails (and it will fail. when? Who knows?) gold will go parabolic. At this point we are nakedly playing a confidence game.
    Jan 13 03:23 PM | 1 Like Like |Link to Comment
  • Spanish Auction Confirms Euro Bull Market For 2013 [View article]
    @Michael: Yeah that whole echo chamber thing is kinda cool *grin*

    Thanks again for commenting.
    Jan 13 12:03 PM | Likes Like |Link to Comment
  • Singapore's Multi-Year Bull Run [View article]
    Nothing has fundamentally changed in the US/EU banking system and Singapore survived that crisis just fine. Maybe not in the short term but compared to the U.S. and the E.U. ? I'd say that in the case of another Lehman-style event (which QEternity just took off the table for the most part) that Singapore will weather it much better than the U.S. banks will.

    Everyone is leveraged to their eyeballs.

    As for the Indonesian claims they very well may be true, but looking at the events of 2012, it's obvious Singapore is cozying up to the U.S., so Temasek ditching SCB makes sense is all I was saying. The U.S. only cares about money laundered that they feel belongs to them.
    Oct 2 08:48 AM | Likes Like |Link to Comment
  • Singapore's Multi-Year Bull Run [View article]
    Right. I know that... and the elections have to be completed by June. UNMO has pushed a number of IPO's to gain popular support along with other 'stimulus' like projects.

    Both the STI and the KLSE have pushed above important resistance levels and are building new bases now. Any improvement in Malaysia should translate well to Singapore.
    Oct 1 01:39 PM | Likes Like |Link to Comment
  • Singapore's Multi-Year Bull Run [View article]
    Really? If you look at the numbers nothing fundamentally changed with the Lehman Bros. break. Temesek wanting to sell SCB makes sense since Singapore has been shoring up its perception as being tough on money laundering. go look at the new rules concerning casinos.
    Oct 1 01:36 PM | Likes Like |Link to Comment
  • Singapore's Multi-Year Bull Run [View article]
    Do you expect Malaysia to raise rates? In this environment just holding rates constant is all the impetus hot money needs in an open-ended QE environment in the west. The Fed and the ECB just drove interest rates even more negative. Look at TIPS yields.

    I see both the KLCI and the STI moving higher.
    Oct 1 11:29 AM | Likes Like |Link to Comment
More on FXE by Tom Luongo
COMMENTS STATS
1,312 Comments
2,151 Likes