Tuesday, December 31, 2013
Wilmar #23
I forgot to add that Wilmar will be reporting its Full Year 2013 results, together with a declaration of dividend, in late January 2014 or early February 2014.
I will be holding Wilmar until the full-year results are out.
I will be holding Wilmar until the full-year results are out.
Wilmar #22
As seen from the chart, the 50-day moving average (in blue) is now a support, and, Wilmar is now trading above the 3 moving averages.
The 100-day moving average (in grey) is now also above the 200-day moving average (in red). Hence, the 50-day MA is now above the 100-day MA, and the 100-day MA is above the 200-day MA--this is how the MAs should be behaving in an Uptrend stock.
The MACD has also made a cut to the upside and the Stochastic continues to move higher.
I would be surprised if Wilmar does not much MUCH HIGHER from here.
This pretty much tells you everything you need to know about money and banking
Hoosier's note: I have ever said, a long long long time ago, that the Fed is printing 'Monopoly Money' and the US of A, because of the USD being the World Reserve/Trading Currency, is taking control of the World with the USD.
The US of A can borrow whatever amount it wants and can print whatever amount it wants. The whole World is being held hostage!!!
I am a nobody and what I've said doesn't count. Hopefully, some one as influential as Simon Black is able to make a change to the current Fiat Currency System.
As long as we have the Fiat Currency System, in its present form, and as long as the Fed, and the other Central Banks, are able to print money freely, Monopoly Money that is, the World Financial System will not be stable and we will continue to experience Crisis after Crisis.
I am not afraid of any Financial Crisis as I believe I know how to deal with it. In fact, I should welcome such Financial Crises--to offer me the opportunity to 'profit out of crises'. But, those less financially savvy will have a very hard time.
Sunday, December 29, 2013
Saturday, December 28, 2013
Friday, December 27, 2013
Euro Surges In A 1.3900 "Digital One Touch" Stop Hunt
Hoosier's note: EUR/USD closed at around 1.375 at the end of the session yesterday. I believe a Top at 1.39 is in place.
Last night, I had to hedge and un-hedge, to take profit, and hedge again...and then, I went to sleep. I have developed a strategy to play the fx market and while it is still a work-in-progress, but, at the very least, I know that I will NEVER be killed in the fx market.
I remain bearish on EUR/USD and I believe it will test 1.28.
How do I know it will test 1.28? Well, it's a gut feel...my knowledge and experience has allowed me to develop that gut-feel or sixth sense.
Yesterday's session was marked by low volume because of the holidays (Christmas and New Year). And, many thought the Fx Market CANNOT be manipulated but I beg to differ...the Fx Market is the MOST MANIPULATED market (and the EASIEST to be manipulated)...and the Market Operators are the Central Banks (BIS in particular).
BIS (Bank of International Settlement) is the Central Bank of Central Banks!!!
1997 Asian Crisis Redux - Thailand Is Imploding
...Thailand's economy developed into an economic bubble fueled by hot money.
...Many economists believe that the Asian crisis was created not by market psychology or technology, but by policies that distorted incentives within the lender–borrower relationship. The resulting large quantities of credit that became available generated a highly leveraged economic climate, and pushed up asset prices to an unsustainable level.
Sound familiar?
Hoosier's note: Clearly, I am not the only one thinking about the 1997 Asian Financial Crisis.
I have written to the Singapore Finance Minister about my fear of a repeat of the 1997 Asian Financial Crisis and I have suggested taking bold steps to cool down our Property Markets.
*batteries not included (1987)
Hoosier's note: I just remembered this movie last night...I love this movie...
Thursday, December 26, 2013
Models beaten up at Circular Road: This video shows what really happened
Hoosier's note: The so called 'models' should be jailed for making a false police report. 
Wednesday, December 25, 2013
Tuesday, December 24, 2013
Monday, December 23, 2013
Q&A WITH PATRICK CHOVANEC: The Biggest Financial Story In The World Is Playing Out Right Now In China
Hoosier's note: It smells like 1997 Asian Financial Crisis all over again.
Interest rates are going higher!
When the Fed tapers, USD Carry Trades will unwind and funds will flow back to the US of A from Emerging Markets. There will be a shortage of USD and interest rates will be bidded up as borrowers struggle to find USD...think Thai businessmen borrowing in USD and covert it into Thai Baht (1997 Asian Financial Crisis started in Thailand).
Low Volume Melt-Up Continues - Dow & S&P Close At New Record Highs
Hoosier's note: The Dow and Nikkei are quite close to each other based on nominal values.
BofAML: Euro Bears Should Be Salivating
Hoosier's note: I am an Euro Bear.
I think 1.37 is currently a barrier.
Saturday, December 21, 2013
The Hidden Motives Behind The Federal Reserve Taper
Hoosier's note: I am hesitant about posting this article as I don't quite agree with the writer [on killing the USD]. But, this is another view.
A crisis in the making?
I don't have any statistics to back this up, but it appears to me that a Financial Crisis will follow after a new Fed Chief has been appointed.
The nearest example would be when Bernanke took over from Greenspan in 2006. And, we witnessed the Financial Crisis of 2007-2008 after the collapse of Lehman Brothers.
Alan Greenspan was the Fed Chairman from 1987 and 2006. And, we saw the 1987 'Black Monday' Stock Market Crash and the burst of the Dot-Com Bubble in 2000.
Why do we see so many financial crises within a relatively short span of time? And, they occur after a new person takes over the Chairman(woman)ship of the Fed?
The 1st reason is clear.
The US of A just can't pay back its debts and it needs to create these financial crises to make the whole world continue to use the USD as the preferred currency of trades and as a Reserve Currency. However, this situation (of the USD remaining the preferred currency of trades and a Reserve Currency) may change sooner than later in my opinion.
The 2nd reason and an obvious one?
It's simple.
If there is no Financial Crisis, there is nothing for the new Fed Chief to do, period.
You may think that the 2nd reason that I have stated sounds stupid and funny, but it's the truth!!!
So, mark my words, WE WILL DEFINITELY SEE ANOTHER FINANCIAL CRISIS!!! (and quite soon...probably within 2 years after Janet Yellen becomes the new Fed Chief)
Further note:
I forgot to add that there was also a 1997 Asian Financial Crisis.
During that time, if I remember correctly, the US Equities Markets continued to surge, leading to the 2000 Dot-Com Bubble.
To me, The 1997 Asian Financial Crisis was created to teach the Emerging Markets a lesson, i.e., "you better listen to the Big Brother", and 'to force' the whole world to continue to use the USD...after-all, the US of A was the only pillar of support for the World Economy and the only Savior for the Emerging Markets (remember the IMF?).
The nearest example would be when Bernanke took over from Greenspan in 2006. And, we witnessed the Financial Crisis of 2007-2008 after the collapse of Lehman Brothers.
Alan Greenspan was the Fed Chairman from 1987 and 2006. And, we saw the 1987 'Black Monday' Stock Market Crash and the burst of the Dot-Com Bubble in 2000.
Why do we see so many financial crises within a relatively short span of time? And, they occur after a new person takes over the Chairman(woman)ship of the Fed?
The 1st reason is clear.
The US of A just can't pay back its debts and it needs to create these financial crises to make the whole world continue to use the USD as the preferred currency of trades and as a Reserve Currency. However, this situation (of the USD remaining the preferred currency of trades and a Reserve Currency) may change sooner than later in my opinion.
The 2nd reason and an obvious one?
It's simple.
If there is no Financial Crisis, there is nothing for the new Fed Chief to do, period.
You may think that the 2nd reason that I have stated sounds stupid and funny, but it's the truth!!!
So, mark my words, WE WILL DEFINITELY SEE ANOTHER FINANCIAL CRISIS!!! (and quite soon...probably within 2 years after Janet Yellen becomes the new Fed Chief)
Further note:
I forgot to add that there was also a 1997 Asian Financial Crisis.
During that time, if I remember correctly, the US Equities Markets continued to surge, leading to the 2000 Dot-Com Bubble.
To me, The 1997 Asian Financial Crisis was created to teach the Emerging Markets a lesson, i.e., "you better listen to the Big Brother", and 'to force' the whole world to continue to use the USD...after-all, the US of A was the only pillar of support for the World Economy and the only Savior for the Emerging Markets (remember the IMF?).
Joaquin Cortes y su flamenco III
Hoosier's note: This is one of my favorite dance performances...I have collected it in another blog of mine...
Friday, December 20, 2013
Thursday, December 19, 2013
Wednesday, December 18, 2013
Hilsenrath’s four takeaways from the December FOMC meeting
...3. The vast majority of Fed officials don’t expect the central bank to begin raising short-term interest rates until 2015 and three think the Fed won’t get started until 2016.
*majority thinks that rate increases in 2015 will be modest
*and that the benchmark fed funds rate will remain below 1% by the end of 2015
*The majority also expects the fed funds rate to remain below 2% in 2016
*The Fed expects that it likely to keep the fed funds rate near zero “well past” the time when the jobless rate reaches 6.5%
Now we await the arrival of Janet Yellen
I am going to say that nothing bad will happen to the Stock Markets (not sure about the Credit Markets) until Janet Yellen is sworn in.
Are we going to see a Crash after Yellen takes over? Possible.
Are we going to see a Crash after Yellen takes over? Possible.
The Fed Tapers
Yesterday, I said the following at the TPG Forum,
I further said the following,
Finally, the Fed decided to Taper (see story) and the Dow gained 292 points,
I think the giveaway that the Fed would Taper was because it was the last meeting held by Bernanke as the Chairman of the Fed. Bernanke had to taper to show the World that he was a 'responsible' Fed Chairman.
I studied Economics, as a Minor, at Indiana University (IU) at Bloomington, Indiana, USA, about 30 years ago. One of the most challenging classes was that by Professor Elmus Wicker.
I attend the first course by Professor Wicker, I believed it was called "Money, Income and Employment", and it was an eye-opener. That was the time when I first came across the term "Fed Watcher".
Professor Wicker told us that he used to teach a class of Scholars. He said that at the start of the class, he would address his students, "Good morning, Scholars". I think he was trying to tell us that we were good for nothing...HAHAHA.
Anyways, he class was really tough and although the exams were all in Multiple Choice format, I only got a "B-".
A Singaporean friend of mine (also studying at IU) used to show off to me that he got a GPA of 4.0 (meaning he got all As in all of his classes). I challenged him to take a class by Professor Wicker. He didn't take up my challenge even after I had graduated. But, I heard that he later earned a Phd and was probably teaching (I had also challenged other Singaporean friends to take the class of Professor Wicker and none took up my challenge).
Although I do not have a Phd, but I think I am better than him...because I dare to take the class by Professor Wicker.
I went on to take another class by Professor Wicker as a challenge. The exams were all in written form. The questions were a 1 or 2 liners and I had to write the answers in 3 to 5 pages. And, I got a "B+" for the second course.
I would like to thank Professor Wicker for his guidance and I believe I have unknowingly become a "Fed Watcher". And, I don't think I have let him down...I believe I am quite a good "Fed Watcher" although I don't appear on CNBC...HAHAHAHAHAHA.
I further said the following,
Finally, the Fed decided to Taper (see story) and the Dow gained 292 points,
I think the giveaway that the Fed would Taper was because it was the last meeting held by Bernanke as the Chairman of the Fed. Bernanke had to taper to show the World that he was a 'responsible' Fed Chairman.
I studied Economics, as a Minor, at Indiana University (IU) at Bloomington, Indiana, USA, about 30 years ago. One of the most challenging classes was that by Professor Elmus Wicker.
I attend the first course by Professor Wicker, I believed it was called "Money, Income and Employment", and it was an eye-opener. That was the time when I first came across the term "Fed Watcher".
Professor Wicker told us that he used to teach a class of Scholars. He said that at the start of the class, he would address his students, "Good morning, Scholars". I think he was trying to tell us that we were good for nothing...HAHAHA.
Anyways, he class was really tough and although the exams were all in Multiple Choice format, I only got a "B-".
A Singaporean friend of mine (also studying at IU) used to show off to me that he got a GPA of 4.0 (meaning he got all As in all of his classes). I challenged him to take a class by Professor Wicker. He didn't take up my challenge even after I had graduated. But, I heard that he later earned a Phd and was probably teaching (I had also challenged other Singaporean friends to take the class of Professor Wicker and none took up my challenge).
Although I do not have a Phd, but I think I am better than him...because I dare to take the class by Professor Wicker.
I went on to take another class by Professor Wicker as a challenge. The exams were all in written form. The questions were a 1 or 2 liners and I had to write the answers in 3 to 5 pages. And, I got a "B+" for the second course.
I would like to thank Professor Wicker for his guidance and I believe I have unknowingly become a "Fed Watcher". And, I don't think I have let him down...I believe I am quite a good "Fed Watcher" although I don't appear on CNBC...HAHAHAHAHAHA.
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