Hooboy's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/233577/comments http://seekingalpha.com/article/94088-obama-s-windfall-profits-proposal-is-dangerous?source=feed#comment-246120 246120
Socialists and liberals hate competition. I think it's due to a fear of failure...the rest of us would rather man-up and face the reality in front of us. It's also very clear to me that they don't understand markets, but that's no surprise, given their allergy to competition.]]> Fri, 05 Sep 2008 09:33:01 -0400
Socialists and liberals hate competition. I think it's due to a fear of failure...the rest of us would rather man-up and face the reality in front of us. It's also very clear to me that they don't understand markets, but that's no surprise, given their allergy to competition.]]> http://seekingalpha.com/article/94088-obama-s-windfall-profits-proposal-is-dangerous?source=feed#comment-246111 246111
You seem to be confusing 'excessive profits' due to 'creative accounting' with 'excessive profits' due to favorable market conditions. ]]> Fri, 05 Sep 2008 09:28:23 -0400
You seem to be confusing 'excessive profits' due to 'creative accounting' with 'excessive profits' due to favorable market conditions. ]]> http://seekingalpha.com/article/90783-reasons-to-short-the-euro?source=feed#comment-232022 232022 Sat, 16 Aug 2008 15:34:46 -0400 http://seekingalpha.com/article/90121-auction-rate-securities-who-s-to-blame?source=feed#comment-227383 227383 Sun, 10 Aug 2008 20:49:41 -0400 http://seekingalpha.com/article/90107-a-closer-look-at-the-dollar-rally?source=feed#comment-227047 227047
1) One currency is always traded relative to another. So even if in absolute terms the eurozone fundamentals don't seem as bad as the US fundamentals (an arguable point), it's the direction of these fundamentals that matters. Eurozone has been turning a corner (for the worse). So while the US fundamentals are bad, they're likely not going to continue to deteriorate at such a rapid pace as was occurring when we saw the dollar decline. Eurozone fundamentals, on the other hand, will probably see an increase in the rate of deterioration.

2) You can say this analysis is just technical if you want, because the chart just shows one point in time, and therefore it's apparently lacking information. But, the run up to this breakout was very strong. Anyone who was involved with the USD the weeks leading up to it would (should) have noticed this.

3) You say it's purely technical, but what was the final catalyst? Trichet's speech. Not just the rate decisions (which were as expected), but the thoughts of the central bankers on their respective economies is what pushed USD over the tipping point into this breakout. I'm pretty sure Trichet didn't mention any price charts in his speech :)

Of course, if you want to continue to be USD bears, more power to you...I'll be taking the other side of that trade.]]> Sun, 10 Aug 2008 08:39:08 -0400
1) One currency is always traded relative to another. So even if in absolute terms the eurozone fundamentals don't seem as bad as the US fundamentals (an arguable point), it's the direction of these fundamentals that matters. Eurozone has been turning a corner (for the worse). So while the US fundamentals are bad, they're likely not going to continue to deteriorate at such a rapid pace as was occurring when we saw the dollar decline. Eurozone fundamentals, on the other hand, will probably see an increase in the rate of deterioration.

2) You can say this analysis is just technical if you want, because the chart just shows one point in time, and therefore it's apparently lacking information. But, the run up to this breakout was very strong. Anyone who was involved with the USD the weeks leading up to it would (should) have noticed this.

3) You say it's purely technical, but what was the final catalyst? Trichet's speech. Not just the rate decisions (which were as expected), but the thoughts of the central bankers on their respective economies is what pushed USD over the tipping point into this breakout. I'm pretty sure Trichet didn't mention any price charts in his speech :)

Of course, if you want to continue to be USD bears, more power to you...I'll be taking the other side of that trade.]]>