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About munsterkings

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  1. Irish government is in tatters. The Green Party (minority coalition party) have called for an election....... Fianna Fail members themselves are calling for a leadership contest... The snowball is beginning to roll, and it's all downhill! MunsterK
  2. munsterkings

    Ireland's "Suicide Pact" With the E.U.

    Our media is full of anger regarding our electoral system. It favours local politics - you have our houses of government and leaders, building hospitals/schools/infrastructure in rural parts of Ireland, just to get the vote of a single 'local' politician. It's a joke, and then you have the cosy relationships that foster unethical business practice. I suspect though that you may see a 'revolt' rather than an orderly change. So, to answer your q; I see it 'brewing' in Ireland, but as I've experienced through my career. It's easy to talk about what needs to be done - value is seen when people have the courage to act..... so time will tell if pain turns to anger, and then on to change, real, meaningful change. My problem is that I see no-one here that I would vote for! MunsterK
  3. munsterkings

    Ireland's "Suicide Pact" With the E.U.

    May yourself or GF never fall on hard times. Maybe you're immature and will grow out of your arrogance, but it's not good and someday you might need to call on someone yourself. MunsterK
  4. munsterkings

    Why deflation won't happen

    very interesting..... Terry Laundry is almost as negative on the outlook; have a listen to his audio and long term T-Theory chart.....really negative Audio: http://ttheory.typepad.com/files/ttoaudio20100808parta-1.mp3 Chart: http://ttheory.typepad.com/files/adts20100806pdf-1.pdf hope he doesn't mind my posting this, but it's good stuff..... MunsterK
  5. munsterkings

    Chinese Gold Speculation on Sky News

    Definately time to sell.
  6. munsterkings

    What A 5-Wave Elliot Pattern Looks Like

    yeah; it's sure been looking that way. lots of divergences and volatility...... I'm short right now on a number of positions, with tight mental stops, so we'll see. I'll keep an open mind and add or exit based on what the market decides to do. Munsterk
  7. munsterkings

    Obama's SECOND big mistake

    I completely agree. This is a real milestone[ a -'ve one]. It's the first thing in a long time that has really 'shocked' me. I'm really amazed it's going through.
  8. munsterkings

    PIIGS / Europe's Debt Troubles

    WOW! That's a useful reminder that the relations between member states in the EU zone are going to be seriously tested!
  9. munsterkings

    Dollar may be done here - Be careful

    I think this is a great summary........... it's good to be reminded of the examples below. http://www.elliottwave.com/freeupdates/arc...rice-Point.aspx Presented by Elliott Wave International HOME > CURRENCIES EUR/USD Breaks Below Major Price Point Just when everyone thought the U.S. dollar was a goner, it rebounds! By Vadim Pokhlebkin Thu, 28 Jan 2010 13:00:00 ET Email | Print | RSS | My Updates BOOKMARK AND SHARE IT! On January 27, the EUR/USD (exchange rate between the euro and U.S. dollar and the most widely trade forex pair) slipped below $1.40 for the first time in six months. In other words, the dollar -- which most analysts considered all but doomed a short while ago -- now stands at a 6-month high against its main competitor. This brings to memory an interesting quote from EWI's president Robert Prechter's May 2009 Elliott Wave Theorist. Bob talks about the stock market, but it applies equally to forex: To anyone not versed in socionomics, everything the stock market does is saturated with paradox. — When T-bills sported double-digit interest rates in 1979-1984, investors saw no reason to abandon their T-bills for stocks; when T-bill rates were low in the 2000s, investors saw no reason to put up with the “low yield” of T-bills and sought capital gains in stocks. The first period was the greatest stock-buying opportunity in two generations, and the second period was the greatest stock-selling opportunity ever. — When long-term bonds yielded 15% in 1981, investors were afraid of Treasury bonds even though they were about to embark on the greatest bull market ever; in December 2008, when the Fed pledged to buy T-bonds, rising prices appeared so strongly guaranteed that the Daily Sentiment Index indicated a record 99% bulls, just before prices started to fall. — When oil was $10.35 a barrel in 1998, no one made a case that the world was running out of black gold; but when it was 7-8 times more expensive, some three dozen books came out arguing that global oil production had peaked, a theme that convinced investors to begin buying oil futures…about a year before the price collapsed 78%. — In the second half of the 1990s, the idea that stocks would always be the best investment “in the long run” became popular just as a long period of superior returns was coming to an ignoble end. [As] of today the S&P has underperformed safe, boring Treasury bonds for the past 40 years, since 1969. — Just when nearly everyone -- including world-famous investors -- finally panicked and conceded in February-March 2009 that the financial and economic worlds were in dire shape, the market turned around and shot upward in its fastest rally in 76 years. Prechter's quote spells out the crucial importance of market sentiment for the trend. Ironically and paradoxically, when everyone gets utterly convinced that the trend is here to stay, that's the time to start looking for a reversal. The "surprising" turnaround in the U.S. dollar is just another example. Now, a sentiment extreme by itself may not mark a reversal; a market can stay overbought or oversold for a long time. What helps to pinpoint a turnaround is Elliott wave analysis. If your charts show a completed Elliott wave pattern AND your sentiment indicators are pinned to the max, a change in trend shouldn't be far off. Forex analysts blamed the latest euro weakness on "Greece’s and Portugal’s budget crises." (Bloomberg) Sounds bearish, but wouldn't it be ironic if instead of falling further, the euro would now rally? The latest short-term forecasts by our intensive Currency Specialty Service show that it's indeed likely. No, not because things might improve in Greece or Portugal -- because the EUR/USD's Elliott wave pattern is putting in a short-term low. To find out what exactly that means for the pair, read our latest forex forecasts[/url] today.
  10. munsterkings

    GEI market thoughts - February 2010

    just a suggestion - I would ask folks where they think the recovery will come from, China alone, BRIC, US, EUROPE; IMHO it will come from the US[eventually] given the size of the US economy. - I'm reading this right now fyi ; http://www.bloomberg.com/insight/emerged-markets.html MunsterK
  11. munsterkings

    GEI market thoughts - February 2010

    Great idea for a thread! I'm bearish stocks, and with the exception of there being a push up on S&P etc giving us some lower highs, I think they'll go lower from here. I'm bullish physical Gold and will be buying some now; will get some more later this year since I think commodities in general will fall more. I'm bullish China over the medium term 1-2 yrs, and want to be at least 50% in Chinese stocks by end of year. That's my novice view from the daily FA/TA, news etc. It's useful to have a view on what the likely direction might be, but I want the price/trend/FA to drive my decision making........ MunsterK
  12. munsterkings

    World Stock Markets 2010

    'course not - should have put it on this thread to begin with ..... thanks
  13. munsterkings

    World Stock Markets 2010

    Roubini's views were interesting in the bloomberg video below, regarding the global recovery and 2010 outlook. Some numbers which were a useful reminder for me..... GDP[ China worth about 4Trillion, US=15T, US+EUR+JAP=40T] In terms of the policy shift in China from export led growth to a more private consumer led growth story, the 1.3Trillion Chinese would contribute about 1Trillion, compared with the 10Trillion contribution to the US economy by it's 300 Million citizens, or 600Billion from the 1.9 Trillion in India. So, it'll be a long time before the global economy will be regionally balanced. http://www.bloomberg.com/avp/avp.asxx?clip...49532041&A= MunsterK
  14. nice one.... he got his bird back....