I took some profits early and bought back in at 2.53. Got a few thousand give or take, still came out ahead big time at close. This ones a bitch to predict and it's got serious support so I ain't gonna fight her. Might be good to buy in tomorrow afternoon if oil prices recede a bit. I'm funding my account to do just that. The volume broke 6mil, absolutely crazy.

#1 % gainer on the NASDAQ today. You know the old saying tho, never take stock advice from someone with an avatar of Beavis with a friggin frog in his mouth.

Good luck .
I'll put you and mpet in my good luck prayer for up

Don't daytrade stocks. It's a waste of time. Think futures ...

Assured Daily Volitility if you get my drift.

sderdc.cme.com:443/cs/charts.jsp?_symbol=ES&&_month=1-

yeah uncle but some of us dont day trade every day . your an everyday guy

and i cant complain i do well

im a whore anyway when it comes to day trading i go where the rapin & pillagins happening

FALLING!!! 1.21989



Ouch, it s gonna hurt!

I am very amused to see that when the euro is going down, the americans are happy.

But before, for months, when the euro was going up they were happy also.

What fucking idiots these americans!!

Of course it was fun getting a one third discount everytime I bought stuff from the US on the internet ( data products and books) or when I travelled to the Staes last year just because I was from Euroland.

But it will be just fine with me when the Euro goes down further and helps us do something to maintain our position as world export champions and further increase the US trade deficit.

Parity between the USD and the Euro would be just fine.

I am very amused to see that when the euro is going down, the americans are happy.

But before, for months, when the euro was going up they were happy also.

What fucking idiots these americans!!

Actually the falling euro is good for european business. But since no frenchman alive seems to understand economics you all see a strong euro as some sort of penis stretching exercise that you all seem to think you need.

So I comment on the falling euro and all you frogs come out of the woodwork claiming it isn't and the france will someday be a world player again. It just proves my point that economics is unknown in france.

Just consider yourself ...



o\/\/nEd

Actually the falling euro is good for european business. But since no frenchman alive seems to understand economics you all see a strong euro as some sort of penis stretching exercise that you all seem to think you need.

So I comment on the falling euro and all you frogs come out of the woodwork claiming it isn't and the france will someday be a world player again. It just proves my point that economics is unknown in france.

Meat... Are they saying that for the 6 pages of this thread.... they didn't get the sarcasm??

Holy crap.

juart seeing what i missed today

i see the morons have joined us

Fuck em'. Let em' rot til' about the mid-term starspangled.

Then we buy who we want to on a ally by ally basis, and let the likes of France and Germany wither and die the death they so rightfully deserve to.

On April 12, 2005:

1 EUR = US$ 1.29184 as of 2005.04.12 21:39 Universal Time (GMT).


On July 2nd, 2005:

1 EUR = US$ 1.19575 as of 2005.07.02 14:44 Universal Time (GMT).

Uncle, our Economics expert who can't even make a 25 figures addition properly, or who ignores the impact of exchange rates in GDP figures... Laughable

On July 2nd, 2005:
1 EUR = US$ 1.19575

On December 31st 1998:
1 EUR = USD 1.16650

A high Euro makes our imports from out of the Eurozone (energy in particular) cheaper, but makes our exports outside the Eurozone less competitive.

We don't need nor a weak or a strong Euro.
We need a normal value Euro (close to the launching value of $1.17) and we need stability.

Anyway, the most important purpose of the Euro was to suppress exchange rates fluctuations WITHIN the Eurozone where our main trading partners are, and that purpose has been completely reached:

No more ultra high Deutshmark, no more collapsing Lira or Peseta that were disturbing our exchanges.

Now, as far as the US is concerned, those past years have proved that weak Euro or strong Euro, the trade deficit of the US towards the EU is still as large: You just can't get enough of our products and services, whatever the price is.
Thanks!

No more ultra high Deutshmark

I just got back from a trip to Europe.

I have a few old 10 DM bank notes, so I carried them in my wallet on a lark.

When paying a bill in Germany, I would usually "accidently" try to pay in DM. Always got a laugh Then I would pay in Euros, but I would also say "You know what? I think the DM is better and that you should get rid of the Euro".

And every, single German agreed with me. I must have done it 25 times and all 25 Germans preferred the DM.

BTW, why do all the invoices in France seem to be in both Euro and FF? Psychological preparation to dump the Euro and return to the Franc?

--Sternboden

I must have done it 25 times and all 25 Germans preferred the DM.

Sternboden Institute Poll #1: 100% of the Germans want to return to the Mark.

Come on, whatever you would say to a shop-keeper, even as completely absurd as "I think the DM is better and that you should get rid of the Euro"", he's not likely to contradict you!

- Did you see Bush on TV last night, he was great, no?
- Oh yes, fantastic!

5 minutes later:

- Did you see Bush on TV last night? What a liar!
- Oh yes, what an asshole!

Make the test, and give us the result of your poll!

why do all the invoices in France seem to be in both Euro and FF

Sternboden Institute Poll #2: 100% of invoices in France are both in EUR and FRF.

The switch to the Euro implied lots of modification in information systems. It was not like simply dealing with several currencies and conversions, it was changing the currency of reference, sometimes increasing the numbers of digits for the decimals for the round-ups to be accurate.

The double currency display was compulsory for a certain period.
The end of the display in FRF is not compulsory.
Some companies are waiting for a change in their billing system to drop the FRF display.
Those changes are so frequent that I can tell you that MOST of the invoices today are in Euros only.

Sometimes, when the customer is an individual, the total amount is still displaid in FRF.
Individuals have had Euros in their pockets only for 3 years and a half. Some still need it to measure the value of things.

But for Business to Business invoices, this is old story!

No way, Atlantic. Squirm all you want, but no way.

Not only shopkeepers, but buddies. Buddies in RP, HE, SA, Ob, and Mf. Maybe some people were humoring me, but many were dead serious... we even discussed how long it would be. I would say something like "The Euro is dead... 2 years." And they would say no, more like 10 years. Others said never (but they still preferred the DM).

Furthermore, back when the switch was made to Euros, the Germans needed about 4 days to get accustomed to the new currency.

Just exactly what is the problem with you Frogs? I think you're afraid to let go of the Franc.

--Sternboden
PS To be fair, I did get 1 (one) invoice in SA (Ex-DDR) in both Euro and DM.

The dollar is backed by the US government.

The euro is backed by a non-binding agreement.

The euro is basically worthless.

(but they still preferred the DM).

I don't even know what that means?
The look of the bills?
The name?

Going back to the Euro would have no advantage and many inconvenients. If a country would make that choice it would only be for Political reasons.

the Germans needed about 4 days to get accustomed to the new currency.

Sternoden Institute Poll #3: 100% of the Germans got accustomed to the Euro in less than 4 days when no French will ever accustom to it
Did it occur to you that it was easier to mentally multiplicate by 2 than by 6.6?

I did get 1 (one) invoice in SA (Ex-DDR) in both Euro and DM.

The double currency disply on invoices was compulsory in the whole Eurozone. Switching to a single Euro currency display was not compulsory.

I think you're afraid to let go of the Franc.

And I think some Americans have been jealous of the Euro from the start. They predicted chaos for switch day: didn't happen. They laughed when it was weak, laughed again when it was strong, Uncle is still laughing now it's back to normal.

What we feel about the Euro is that it's hard to believe it's been only 3 1/2 years that we have it in our pocket.
I don't hear the word "Franc" at work anymore, and with friends and family, it progressively vanished first for small amounts, then average amounts, we still use it sometimes for large amounts but it will not last.

To give you an example, I have no idea of how much I make per year in Francs.
And it's a good sign. The purpose was not that 60 million people know instantly to mentally didvide by 6.6, but that they don't feel the need to convert anymore.

What the Germans did instantlly, is to mentally multiplicate by 2...
We can do that too!

The purpose was not that 60 million people know instantly to mentally didvide by 6.6, but that they don't feel the need to convert anymore.

What the Germans did instantlly, is to mentally multiplicate by 2..

Lame argument, Atlantic. Lame.

I have my Austrian receipts. And my receipts from Luxembourg. Just Euros.

I suppose I should believe that, in Luxembourg, they all instantly multiply by 40.3?

Admit it. You frogs can't let the franc go!

--Sternboden

How much thought does it take to "adapt" to new currency?


Today, a loaf of bread costs $2. I reach into my pocket, get $2, give it to, Mitsy, the slightly overweight middle-aged woman behind the counter, and go on my way.


The next day, a loaf of bread costs 89 dimsquats. I reach into my pocket, pull out a 100 dimsquat note, get my 11 dimsquats change and a similar loaf of bread.


See? No multiplicating OR didviding.

That's 3 different issues, and you are quoting what I wrote for one issue to challenge me on another one.

- The daily use of banknotes and coins, giving and receiving change etc... is one issue and didn't pose any problem to the French or anyone.

- The conversion needed at first for individual consumers to estimate the value of things is another issue. Progressively, starting with small amounts, then average amounts, and now reaching larger amounts, the need for conversion is disappearing.

- The Business invoicing systems.
The conversion of invoicing and accountancy data bases costed millions. The adaptation of softwares to allow the compulsory double currency display was costly too.

Not all companies have switched back to a single currency display because it's not compulsory and that it doesn't bring any Return On Investment to do so.

Next time they'll update their system, they'll do it.

In my company we have 2 different billing systems, one for resellers, one for individuals. Both have switched to only Euros displays, except for the total amount which is still converted in Francs on the individuals system when every invoice line used to be doubled.

It's just an instant conversion.
In our whole information system, in the thousands of files and the gybabytes of hundreds of millions of datas, there is not one single figure in FRF anymore.

And that's the same for most companies.

Live mid-market rates as of 2005.07.06 19:47:43 UTC.
1.00 EUR Euro = 1.19247 USD

www.xe.com . . .

--Sternboden

what is that? 10 cents off since the vote in France?

Dollar May Resume Four-Month Rally Against Euro, Survey Shows

July 11 (Bloomberg) -- The dollar may resume its four-month rally against the euro, the longest winning streak in more than three years, on speculation the Federal Reserve will keep to its ``measured'' pace of interest-rate increases.

Forty-seven percent of the 51 traders, strategists and investors surveyed from Sydney to New York on July 8 said to buy the dollar against the euro. Thirty-five percent advised selling.

The dollar is approaching a 13-month high against the euro as the U.S. economy grows at more than twice the pace of expansion in Europe and the Fed raises its target rate in quarter- point steps. The currency finished last week little changed even after a report showed U.S. job growth fell short of economists' forecasts for a second consecutive month.

``Everything looks pretty good for the U.S. and I would expect to see the dollar at $1.15 by the end of the month,'' said John Taylor, chairman of FX Concepts Inc., a New York firm that manages $12.1 billion in currencies. ``We're not going to see the Fed backing off in August or later.''

The dollar, which last quarter had its best three months since 2001, traded at $1.1967 per euro at 5 p.m. in New York on July 8, according to currency-dealing system EBS. The dollar strengthened 0.4 percent to 112.23 yen. The euro hasn't traded at $1.15 per euro since November 2003.

The dollar posted the third consecutive weekly gain versus the yen and gained as much as 0.6 percent against the euro after the Labor Department said on July 8 that American employers added 146,000 new workers last month. The median forecast of economists surveyed by Bloomberg was for a gain of 200,000.

Appetite for Dollars

``It tells you the market is still seeing the dollar as the currency to buy despite the fact it has rallied a lot,'' said Umberto Alvisi, a currency strategist in London at Credit Suisse First Boston. The firm predicts the dollar will rise to $1.10 per euro in a year. The U.S. currency is up 13.3 percent this year versus the euro and 9.4 percent compared with the yen.

The dollar recouped an initial drop on July 7 following subway bombings in London that initially raised concern about future global terrorist attacks. After weakening about one percent in the hours after the attacks, the U.S. currency erased much of its decline.

``We have gone through a long period of time, when a global event would take place, safe haven status would go to currencies like the Swiss franc,'' said Robert Sinche, head of global currency strategy at Bank of America Corp. in New York. ``With U.S. interest rates higher, the dollar performed much better'' after the London attacks, he said.

`Measured' Increases

The Fed lifted its target rate for overnight loans between banks by a quarter point to 3.25 percent on June 30, the ninth increase in a year. The European Central Bank kept its benchmark rate at 2 percent on July 7. The ECB probably won't make any change for a year, Bundesbank official Hans Reckers said in an interview in Frankfurt on July 5.

``The stance of monetary policy remains accommodative,'' the Federal Open Market Committee said on June 30. ``With underlying inflation expected to be contained, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured.''

The spread between 10-year U.S. Treasury notes and similar- maturity German government bonds widened to 90.4 basis points on July 8, the most in a month. The gap was 53.7 basis points on Dec. 31 and there was no difference in September. A basis point is 0.01 percentage point.

Target $1.15

``Interest-rate expectations support the dollar and the Fed is expected to tighten further,'' said Thanos Papasavvas, head of currency management in London at Credit Suisse Asset Management, which oversees $310 billion. ``We could get to $1.15'' versus the euro, said Papasavvas. He called the end of the dollar's three- year bear market in a Bloomberg survey published on May 23.

Participants in Bloomberg's survey failed to predict that the dollar would end last week little changed compared with the euro. The survey has correctly forecast the direction of the euro against the dollar in 19 of the past 26 weeks and 10 of the past 26 weeks for the yen.

The euro's drop this week may be limited by diminishing speculation the ECB will reduce borrowing costs. A government report today may show industrial production in France probably rose for the first month in four in May, according to the median forecast of economists surveyed by Bloomberg. In the past two weeks, reports have shown an increase in business confidence in France and Germany, the euro region's two largest economies.

``We'll keep our wait-and-see policy and analyze the data as they arrive in coming months,'' Axel Weber, who votes on rates at the ECB, said in an interview in Frankfurt on July 7. ``At the moment, we find the current interest rate appropriate.''

Yen Bears

The ECB on June 2 cut its growth forecast for this year to about 1.4 percent from 1.6 percent. The bank also said growth will accelerate to about 2 percent next year and the inflation rate will drop to 1.5 percent. The U.S. economy grew 3.8 percent in the first quarter.

Forty-seven percent of participants in Bloomberg's currency survey said to sell the yen against the dollar, 39 percent said to buy and the rest advised holding. The yen, which dropped for three consecutive weeks, is being weakened by record oil prices, declining industrial production and shrinking trade surpluses.

The yen, which dropped to 112 per dollar for the first time since October on July 5, may weaken to 115 in coming weeks, said Papasavvas at Credit Suisse. The yen hasn't traded at 115 per dollar since September 2003.

The following are the results of Bloomberg's survey showing the number of recommendations for major currencies:

BUY SELL HOLD
Euro 18 24 9
Yen 20 24 7
British pound 10 28 13
Australian dollar 14 21 16
Swiss franc 19 17 15

BUY SELL HOLD
Euro versus yen 10 20 10

To contact the reporter on this story:
Richard Blackden in London at rblackden@bloomberg.net

Last Updated: July 10, 2005 13:25 EDT

Ever noticed how "Euro" and "Peso" rhyme?