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11-24-2011, 11:57 PM
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#6126 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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Cash is king. There is gonna be a massive global risk-off if this EU mess spreads. Yes that includes our sizzling hot real-estate market.
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11-28-2011, 07:51 AM
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#6128 | | RS Veteran
Join Date: Nov 2001 Location: An Island
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To me the four day weekend spending numbers only shows how bad the US economy is. Consumers were out in droves to save money but I believe Christmas spending will be down this year.
What a relief to see green this morning.
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11-28-2011, 09:07 AM
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#6129 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
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That's an interesting perspective/take on the retail numbers Posted via RS Mobile | |
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11-28-2011, 09:35 AM
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#6130 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
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Originally Posted by AME_VIP  To me the four day weekend spending numbers only shows how bad the US economy is. Consumers were out in droves to save money but I believe Christmas spending will be down this year. | +1
Tons of unemployed Americans with too much time on their hands.
This will probably be a head-fake, so I'm staying put until there's more clarity on Europe.
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11-28-2011, 10:37 AM
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#6131 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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Damn was hoping on a more sustained rally... Some green better than no green I guess Posted via RS Mobile | |
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11-28-2011, 11:47 AM
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#6132 | | RS has made me the bitter person i am today!
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In terms of black friday, I agree that this might actually be sign of bad economy as people rush to sales to fulfill their x'mas shopping. But I think the record number has more to do with foreign shoppers and the expense of domestic buyer is relatively the same IMHO.
I was at Woodbury Commons and NYC since Tuesday and through the weekend for both business and pleasure, and I can tell you that about half of people lining up for black friday sales are people who are clearly not local. And these people don't simply shop for themselves, but rather bringing big luggage boxes to fill them up.
They were notably people from emerging markets (China, Korea, Brazil, India and Russia) and this shows that their luxury goods market is indeed growing. I overheard several talking about how tired they would be on the flight back later the day. In these markets, the luxury goods are booming. And black friday sales creates opportunity for many who have no direct access to wholesale.
A Coach bag at US MSRP is consider a great deal in China. Imagine you could buy those bags at 20~40% off US MSRP and sell them at regular price. A 70L luggage can probably fill 10K worth (even more if it were even higher price tag items) of stuff. Not bad for about 2 days work for 20~40% profit/person.
__________________
Nothing for now
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11-28-2011, 12:27 PM
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#6133 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
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F-ing scum rating agencies.... Fitch revising US outlook from stable to negative Posted via RS Mobile | |
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11-29-2011, 05:33 PM
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#6134 | | I *heart* Revscene.net very Muchie
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working on some new strategies for 2012
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11-30-2011, 05:22 AM
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#6135 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
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11-30-2011, 05:41 AM
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#6136 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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GEEGEE for the bears.
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11-30-2011, 05:43 AM
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#6137 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
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From the Telegraph:
Turning back to this suprise coordinated move by the world's biggest central banks to cut the cost of borrowing in dollars, Jeremy Cook, chief economist at foreign exchange company World First gives his explanation for the move:
Cutting swap costs is the equivalent of interest rate cuts. These banks are now basically providing unlimited US dollars to banks with which to fund themselves. The banks will be hoping this is a turning point in the crisis.
We do not know what caused this decision, we may never know, but the smart money is on the fact that yields on one-year German debt went negative this morning (paying Germany to lend it money).
This may have been a signal that the money markets were a short shove away from complete collapse
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11-30-2011, 05:44 AM
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#6138 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
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Furthermore:
A small point worth making - China's move today to allow banks to hold less cash in reserve will take effect as of December 5, as will the cut in the cost of dollar swap rates just announced by the group of central banks.
An even more coordinated action than we thought?
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11-30-2011, 05:51 AM
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#6139 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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This is reminiscent of 2008. I kinda knew we wouldn't sell off big before NPF Friday but 400 points up move? Damn glad I got some FFIV.
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11-30-2011, 06:03 AM
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#6140 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
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wow what a rally......and I was having trouble sleeping last night
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11-30-2011, 06:11 AM
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#6141 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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The ugly close yesterday was a bit worrying. Then the stupid downgrade dragged down futures even more. I was like oh great another crap day for sure. Everything changed 5 A.M.  | |
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11-30-2011, 09:18 AM
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#6142 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
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SANTA CLAUS RALLY!
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11-30-2011, 09:53 AM
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#6143 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
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Everything rallying except POT...apparently George Soros selling off and buying gold instead?
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11-30-2011, 12:02 PM
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#6144 | | I *heart* Revscene.net very Muchie
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2k in my pocket today not bad. by looking at the chart this seems pretty stable & sustained but still wouldn't be surprised to see a 300 point drop next week LOL
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11-30-2011, 12:08 PM
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#6145 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
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Haven't seen a near +500 day in a while.
Guess drinks on you Strykn?  Posted via RS Mobile | |
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11-30-2011, 12:26 PM
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#6146 | | Banned (ABWS)
Join Date: Oct 2011 Location: Port Coquitlam
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So glad I got into the action yesterday when TD hit it's lows. Up 6% just from 1 day. Woot.
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11-30-2011, 12:34 PM
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#6147 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
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nice last minute rally
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11-30-2011, 01:35 PM
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#6148 | | RS Veteran
Join Date: Nov 2001 Location: An Island
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I hope no one here was holding FAZ today! down 17%
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11-30-2011, 05:17 PM
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#6149 | | Everyone wants a piece of R S...
Join Date: Jun 2006 Location: vancouver
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although I enjoyed gains on my longs, im still skeptical about this rally....
80% cash for me
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11-30-2011, 07:06 PM
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#6150 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Sep 2011 Location: RevScene.net
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Just curious....which market's hours doe FAZ/FAS follow?
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