Frixxxx's Account Talk!

[Frixxxx]

The dilemma!!!!!

Well,

Been a four days since I could post.

Guess what? I have a wonderful story. Sunday, a realtor is walking down my street with a sign for an open house. She just took two bids in person and one on the internet for her house that has been on the market for 2 years. I asked her how much she got and when she told me, a chill went up my spine.

See, the house that sold was a two story three car garage, I have a single story with three car garage.

The selling price for the two story is 50% of what I paid for the single story....but it continues:

The house I live in is worth 32% of what I paid for it. EVEN after putting 30% DOWN.

Dilemma....more to follow,


BTW "G"

 

[WorkFE]

Frixxxx,
I suspect that your house compared to others is worth 32% of original value, however to you for the forseeable future is priceless. I have stopped worrying about the housing values. Unless I am planning something dramatic, like not paying the mortgage and filing for bankruptcy it is out of my control.
Believing housing values won't return is like believing the market won't return. Might as well cash in my investments, take a hit and find another way to make money.
If your like me, alot of work went in that house to make it a home, raised my boy in this house.
In the current economic climate, value is a relative term. Don't mean jack to me. When the economy recovers (who knows when) and my house is still 50% of value then it is time to panic.
Anyway, I'm sure it's a beautiful home in SOCAL.

 

[Frixxxx]

Frixxxx,
I suspect that your house compared to others is worth 32% of original value, however to you for the forseeable future is priceless.In the current economic climate, value is a relative term. Don't mean jack to me. When the economy recovers (who knows when) and my house is still 50% of value then it is time to panic.
Anyway, I'm sure it's a beautiful home in SOCAL.

Well, the only reason I said anything is that my house basically is worth my down payment.

If I took out a residential loan from TSP, I could buy 2 houses on my street outright.

My problem right now is to keep the wife calm, she doesn't like paying 3 times what other people are for the same house. And it's not our fault.

Oh well, I C one more round of housing losses and then the banks can cry all they want too.

Thanks FE, It is beautiful, but I wish I was back east in the Seven Hills of Cincinnati right now....I miss the Spring there and the way the rain makes everything so fresh.

 

[coolhand]

I wish I was back east in the Seven Hills of Cincinnati right now....I miss the Spring there and the way the rain makes everything so fresh.

I'm originally from New England, but lived in San Diego for 20 years. Left there in 2001 for Orlando, FL. Not crazy about Orlando, but I don't ever want to go back to San Dog unless it's for vacation (I still have kids and Grandkids there). Too dry and too expensive (not to mention it's part of the left coast ).

 

[WorkFE]

Frixxx,
Right now it's just making everything cold and wet but I know what you mean. Nothing like fishing on the Ohio the day after a nice spring rain shower

 

[Viva_La_Migra]

I'm originally from New England, but lived in San Diego for 20 years. Left there in 2001 for Orlando, FL. Not crazy about Orlando, but I don't ever want to go back to San Dog unless it's for vacation (I still have kids and Grandkids there). Too dry and too expensive (not to mention it's part of the left coast ).

Tiene que hablar en Espanol tambien!

 

[Guest2]

Tiene que hablar en Espanol tambien!

No Hablo Espanol, Por Favor ! No Escriber Either ! :nuts:

 

[coolhand]

Tiene que hablar en Espanol tambien!

Yeah, I've actually got a list of gripes as long as my arm, but I'm not going there.

At least I don't get woken up by helo's with searchlights any more. :laugh:

 

[nasa1974]

Yeah, I've actually got a list of gripes as long as my arm, but I'm not going there.

At least I don't get woken up by helo's with searchlights any more. :laugh:

Nope, just "It's a small world after all" playing over and over again. :nuts: Sorry Cool, been to Disney World to many times. Have a good one.

 

[Frixxxx]

At least I don't get woken up by helo's with searchlights any more. :laugh:

I'm out in Hemet country.....stoopid meth labs abound and the Helo night flying hours gotta be a record in some book.

Other than that, being a Harley rider, I love the riding seasons out here....

Reminds me...I owe CB a pic....

 

[Frixxxx]

100% G

Now for the important stuff:

Well, I shorted the Yen Monday of last week...multiple positions and I'm soooooo happy that I netted a 70% by this weekend.

Shaved off some equity to use on the house.

Guess what? I'm pissed.

Apparently, the governing body of Foreign Currency Exchange in the US has determined that "hedging" is bad and you can't do it anymore.

Guess what? The other G20 countries don't think so, so I have to figure out how to trade in their markets. (Not really but I had to say that)

If you care...let the NFA know how much you despise their decision.
www.nfa.futures.org

Anyway, A couple more weeks and I'll have my literature out and hopefully my accounts will be heading toward 400% for the year.

Hope everyone went LILLY PAD last week to lock in some profits....

 

[Steadygain]

Apparently, the governing body of Foreign Currency Exchange in the US has determined that "hedging" is bad and you can't do it anymore.

Guess what? The other G20 countries ....my accounts will be heading toward 400% for the year.

Frixxx,
You had an excellent run on a game you became a true Master in.

The problem is George Soros - who was able to easily engineer the downfall of huge economies and make Billions in the process. In all sincerity 'Hedging' is everybit as responsible for the Global Economic crisis as the Banking Industry.

G20 recently began the process of a One World Currency and hedging is undoubtedly something the Global Economies are majorly clamping down on.

I'm very surprized I have not read a message like this before.

I know you've worked years on the software and it's been a very long process to finally get it where it is today. If it's not official now it can't be too far away.

It's a Global Effort - and they need to make sure 'This doesn't happen again'.

 

[Frixxxx]

Frixxx,
You had an excellent run on a game you became a true Master in.

The problem is George Soros - who was able to easily engineer the downfall of huge economies and make Billions in the process. In all sincerity 'Hedging' is everybit as responsible for the Global Economic crisis as the Banking Industry.

G20 recently began the process of a One World Currency and hedging is undoubtedly something the Global Economies are majorly clamping down on.

I'm very surprized I have not read a message like this before.

I know you've worked years on the software and it's been a very long process to finally get it where it is today. If it's not official now it can't be too far away.

It's a Global Effort - and they need to make sure 'This doesn't happen again'.

Steady, my friend, I'm glad to see you have kept up with some of the items that make my business so fun.

My problem is that the move to close hedging actually takes away from the "banks" as well. FC markets are how banks make money around the clock to "hedge" their positions. Now that the rules are changing for banks to make money, they are not able to dig themselves out from under. Short positions have been around for years and there has never been one shred of evidence that shorting alone has killed a market. But shorting of the markets has been around since the 1600's and not once since then until 2008 did shorts get "blame".

http://www.reuters.com/article/ousivMolt/idUSTRE4BU3FL20081231

This is the Yin Yang of the market. Money is made on both sides, and lost on both sides. If shorting IS a problem the going long IS a problem.

Hedging means you mitigate losses, money is made/lost on both sides.

BALANCE Achieved......

Soros actually played the market properly with the pound, he bought 10 billion in pounds and waited for the interest rate to drop. Because of this control and the need for the interest rate to drop, he was blamed for the devaluation of the pound which need to occur anyway. for his investment, he made 1.1 billion.

But look into Soros and you will see that he was a serious philanthropist as well. He was just targeted because of his wealth.

Anyway....wiki Soros and the lot for some good reading. Interpretation is 9/10ths of history anyway.

Anyway, thanks for reading my posts BROTHER!!!!!!

 

[Steadygain]

Thank You !!! for your excellent response


Unfortunately I went home with a bad feeling; was afraid I may have offended you. But my reflections are essentially the same as yours in that we form our views based on the information we have obtained.

My biggest issue with the wide variety of currencies - is not the distinction it provides to different nations, as in that regard I see it as a plus. The most central problem to me is knowing that the USA has far too much power over all other countries wanting to be part of the global community. I simply find it very difficult to acknowledge how 2 or 3 Nations can make the rules so incredibly easy for themselves and next to impossible for the others and knowing what the others had to endure to join the community.

The Yin- Yang is something we should collectively share. When you see the details of what has happened however, the Mega Powers have made it so they enjoy the one - and push the other to everyone else. As we become a 'global community' these things all the more come to light; so some of what's happening may in reality be meant to form a better picture that everyone can enjoy.

Well have a wonderful day my Priceless Friend - as always - it's a pleasuse staying in touch.

 

[Frixxxx]

Hey Everyone!!!
vol-a-tile
1.evaporating rapidly; passing off readily in the form of vapor: Acetone is a volatile solvent.

2.tending or threatening to break out into open violence; explosive: a volatile political situation.

3.changeable; mercurial; flighty: a volatile disposition.

4.(of prices, values, etc.) tending to fluctuate sharply and regularly: volatile market conditions.


Scary huh,

Well here ya go:

New US jobless claims unexpectedly plunge to 601K
ECB cuts key rate a quarter percent; to buy bonds
GM posts loss; burns through $10 billion
etc,,,,etc,,,,etc

WE ARE NOT DONE with our ups and downs peeps! The newest round of bank "stress tests" is a farce. When the banks start to feed off each other again because of their MBS fiasco (second round). I feel it is coming and it won't be pretty.

The currency market has proved these assumptions this week. Oh, and by the way, the ECB made me 30% richer in one day. Europe is hanging on by a thread. Pound to follow in Great Britain.

 

[hessian]

Hi Frixxxx,
I'm just observing currently. To me, I agree with your post, and also think all seems like alot of manipulation has been occurring, and on extremely light volume, I don''t trust the manipulation, and haven't felt like gambling.
It seems we've had a "buy the rumor" week - so, do you expect a sell the news day (even before the official 5:00 PM Stress Test announcement)?
VR

 

[Frixxxx]

You can already see the "sell the news" day.

Pound is dropping and the euro is dropping back to 1.33

Vix is on the rise but I don't see it getting higher than 40 today.

This entire rally has been TOTAL manipulation.

I have closed almost all Stock plays for currency trades in the YEN/Pound/EURO/Swiss Franc

I watch the market for tell-tale signs only now.

Good Luck

 

[Steadygain]

This entire rally has been TOTAL manipulation.

Foreclosures will sky-rocket. Most of the REAL PAIN has been hidden deliberately but REALITY stands out when you know the number of Notices and the inevitable.

WI Gov. said last night without the recent Stimulus Package his state and many other states would be in a GREAT DEPRESSION. Their unemployment is at least 10% and that's only because they were saved by the Stim Package - without that - things would have gotten far worse.

Jobs are continuing to evaporate - wages are going down and full time is increasingly going to part time. Much of the data is hidden.

The Big 3 have been falling for quite awhile - but cutting jobs and closing plants is essentially unnoticed as long as they remained OPEN.

Stress Tests are grossly distorted to prevent PANIC - and are mainly to show why the BANKS 'have to do what they have to do' - so don't get bothered it's nothing personal.

Dumb Money continues to push the Markets as the Smart Money is leaving. Would it surprize you to find Governments are also largely behind our latest 'rally'.

When you dig down and look at all the details it's hard to imagine that manipulation is not at play.

Well it's nice knowing someone's in my corner - especially someone as cool and close as you. Yet I am thrilled for all those who made the most out of this rally and hope they keep what they gained.

Thanks for letting me vent - Bro

See ya in June

 

[Frixxxx]

Well it's nice knowing someone's in my corner - especially someone as cool and close as you. Yet I am thrilled for all those who made the most out of this rally and hope they keep what they gained.

Got your back!!!

Thanks for letting me vent - Bro
See ya in June

Vent anytime, Bro!!! Stay safe and remember, It's the one with the most FRIENDS that win in the end!!:nuts:

 

[Viva_La_Migra]

Foreclosures will sky-rocket. Most of the REAL PAIN has been hidden deliberately but REALITY stands out when you know the number of Notices and the inevitable.

WI Gov. said last night without the recent Stimulus Package his state and many other states would be in a GREAT DEPRESSION. Their unemployment is at least 10% and that's only because they were saved by the Stim Package - without that - things would have gotten far worse.

Jobs are continuing to evaporate - wages are going down and full time is increasingly going to part time. Much of the data is hidden.

The Big 3 have been falling for quite awhile - but cutting jobs and closing plants is essentially unnoticed as long as they remained OPEN.

Stress Tests are grossly distorted to prevent PANIC - and are mainly to show why the BANKS 'have to do what they have to do' - so don't get bothered it's nothing personal.

Dumb Money continues to push the Markets as the Smart Money is leaving. Would it surprize you to find Governments are also largely behind our latest 'rally'.

When you dig down and look at all the details it's hard to imagine that manipulation is not at play.

Well it's nice knowing someone's in my corner - especially someone as cool and close as you. Yet I am thrilled for all those who made the most out of this rally and hope they keep what they gained.

Thanks for letting me vent - Bro

See ya in June

As is most often the case, Steady, you make a lot of sense. I've been wondering why the market continued to rise when "logically" it should be heading south! Market manipulation makes the most sense.