Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
European Problem Solved? It's a Secret
Old 10-09-2011, 08:22 PM   #1
Thinks s/he gets paid by the post
JPatrick's Avatar
 
Join Date: Jun 2005
Posts: 2,494
European Problem Solved? It's a Secret

.
CHICAGO (MarketWatch) — German Chancellor Angela Merkel and French President Nicolas Sarkozy said on Sunday they’ve reached an agreement to strengthen the European banks, but wouldn’t go into details, according to published reports.
Merkel, Sarkozy agree to strengthen Europe banks - MarketWatch

Well OK, whatever the plan is, the market futures took off like a rocket. If this turns out to be a "real" solution, and 3rd qrt earnings look decent, we could see a real melt up in our market.
And then again....My crystal ball is giving me trouble..
But, my dental implants are just fine....
__________________

__________________
JPatrick is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-09-2011, 08:23 PM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,822
How exciting! I hope you are right.

Not quite ready to celebrate yet, though... I want to know what the agreement is before I get too wild.
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 10-09-2011, 09:00 PM   #3
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,406
So, we have two European leaders saying "Regarding that problem that has no solution. Well, we have the solution, we just can't tell you what is it. It's a secret. Trust us."

Sounds good to me...
__________________
MichaelB is offline   Reply With Quote
Old 10-09-2011, 09:08 PM   #4
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
Quote:
Originally Posted by MichaelB View Post
So, we have two European leaders saying "Regarding that problem that has no solution. Well, we have the solution, we just can't tell you what is it. It's a secret. Trust us."
When the problem is lack of confidence, then the solution is to create trust. The secret doesn't matter. I predict the DJIA will advance 400 points on Monday.
__________________
Greg (retired in 2010 at age 68, state pension)
GregLee is offline   Reply With Quote
Old 10-09-2011, 09:34 PM   #5
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
On Tuesday it'll some other crap we have to worry about, Yawn!
__________________
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote
Old 10-09-2011, 09:39 PM   #6
Thinks s/he gets paid by the post
Brett_Cameron's Avatar
 
Join Date: May 2011
Location: South Eastern USA
Posts: 1,010
Quote:
Originally Posted by 73ss454 View Post
On Tuesday it'll some other crap we have to worry about, Yawn!
I have been paying close attention to financial markets and articles for the last few months for the first time in my life and it is my opinion that the moves in the market both up and down are irrational for the most part and are driven by how <somebody?> feels about future prospects.

Your comment about other crap to worry about is so true. If it is not one thing it is another.
__________________
Brett_Cameron is offline   Reply With Quote
Old 10-09-2011, 09:59 PM   #7
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,406
Quote:
Originally Posted by GregLee View Post
When the problem is lack of confidence, then the solution is to create trust. The secret doesn't matter. I predict the DJIA will advance 400 points on Monday.
Of course, if the problem is not lack of confidence but instead lack of solvency, the secret doesn't matter, and neither does Monday. The emperor has no clothes. There, or here.
__________________
MichaelB is offline   Reply With Quote
Old 10-09-2011, 10:12 PM   #8
Thinks s/he gets paid by the post
JPatrick's Avatar
 
Join Date: Jun 2005
Posts: 2,494
I think the take away from the market jolt when the "secret" was announced, is the fact that the situation in Europe is weighing heavily on all world markets. If we can believe that indeed things are heading toward a resolution, a large percentage of our problems will be behind us. Next boogey man is past quarter earnings and (most important) 4th quarter projections that are positive. Put them all together and off we go.

That was really easy to say, but with thin trading expected tomorrow, and a few key technical, indicators at a tipping point, we could have a few nice days ahead of us.
__________________
JPatrick is offline   Reply With Quote
Old 10-09-2011, 10:43 PM   #9
Thinks s/he gets paid by the post
SecondCor521's Avatar
 
Join Date: Jun 2006
Location: Boise
Posts: 2,398
Quote:
Originally Posted by W2R View Post
How exciting! I hope you are right.

Not quite ready to celebrate yet, though... I want to know what the agreement is before I get too wild.
Please don't use the "w" word :-)

2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
SecondCor521 is offline   Reply With Quote
Old 10-09-2011, 10:44 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
European Problem Solved? It's a Secret

Ok...I'll say it. I thought someone figured out how to keep their pants dry after they coughed/sneezed and were keeping it to themselves.
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 10-09-2011, 10:56 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,571
Quote:
Originally Posted by MichaelB View Post
The emperor has no clothes. There, or here.
Given who we are talking about, that statement is disturbing on so many levels.
__________________
Budgeting is a skill practised by people who are bad at politics.
traineeinvestor is offline   Reply With Quote
Old 10-09-2011, 10:57 PM   #12
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,822
Quote:
Originally Posted by SecondCor521 View Post
Please don't use the "w" word :-)

2Cor521
Mum's the word!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 10-09-2011, 11:10 PM   #13
Thinks s/he gets paid by the post
Telly's Avatar
 
Join Date: Feb 2003
Posts: 1,448
Quote:
European Problem Solved? It's a Secret
I've heard that it's an (Ice Blue) Secret... but the French say they don't need it
__________________
-- Telly, the D-I-Y guy --
Two fools dancing on the hands of time
Telly is offline   Reply With Quote
Old 10-09-2011, 11:25 PM   #14
Thinks s/he gets paid by the post
Helen's Avatar
 
Join Date: Oct 2004
Location: Portland
Posts: 1,338
Quote:
Originally Posted by SecondCor521 View Post
Please don't use the "w" word :-)
I was thinking the exact same thing.
__________________
Helen is online now   Reply With Quote
Old 10-10-2011, 12:08 AM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
I love a train wreck.
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 10-10-2011, 12:15 AM   #16
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,372
Quote:
Originally Posted by bbbamI View Post
European Problem Solved? It's a Secret

Ok...I'll say it. I thought someone figured out how to keep their pants dry after they coughed/sneezed and were keeping it to themselves.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 10-10-2011, 07:23 AM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Quote:
Originally Posted by JPatrick View Post
...
Well OK, whatever the plan is, the market futures took off like a rocket. ..
or.... the robots were unleashed and took off high-frequency trading software.

So far, the only result has been motion sickness.
__________________
chinaco is offline   Reply With Quote
Old 10-10-2011, 07:38 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,633
Quote:
Originally Posted by gsparks2 View Post
it is my opinion that the moves in the market both up and down are irrational for the most part...
+1

Quote:
Originally Posted by GregLee View Post
When the problem is lack of confidence, then the solution is to create trust. The secret doesn't matter. I predict the DJIA will advance 400 points on Monday.
Hey, we could wager on this. Oh, that IS the market.

I'm betting it goes up a bit then comes back down as people start thinking, "Secrets? WTF?"
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 10-10-2011, 09:04 AM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 11,194
The secret is that starting Tuesday, all Le Monopolie money will be legal tender.
__________________
Al
TromboneAl is offline   Reply With Quote
Old 10-10-2011, 01:01 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Lsbcal's Avatar
 
Join Date: May 2006
Location: west coast, hi there!
Posts: 5,672
Listening to El-Ehrian (Pimco) and others, the solution is not just one thing but a set of things that have to be done over in Europe and elsewhere. It's unclear that all will be solved by the October G20 conference. Still I like the market direction today -- up a lot. More, more!

Here is one recent article: An unsettling trifecta for market contagion | Mohamed El-Erian

Quote:
The fear of impending generalized dislocations — what the Managing Director of the IMF, Christine Lagarde, correctly labeled a “dangerous phase” — must now transition into three effective responses: immediate circuit breakers in Europe (what I call “very important and very, very urgent”); structural reforms in emerging economies, Europe and the US (“very important and very urgent”); and demand stimulus in emerging economies, Germany, and the US (“bridging mechanisms”).
And another BBC blog: BBC News - Eurozone's crisis countdown
__________________

__________________
Lsbcal is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Are all of our problems solved? donheff Other topics 28 11-18-2011 07:48 AM
Can open e-mail message be a problem? kaneohe Other topics 7 09-29-2011 11:05 PM
RE in a cheaper country, problem in returning back to mother country landover Life after FIRE 33 08-27-2011 12:14 AM
Mac/Canon printer problem kaneohe Other topics 8 07-16-2011 11:26 AM

 

 
All times are GMT -6. The time now is 10:25 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.