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Monday's Day at the Races : "Ironhorse"

Dear good old "Ironhorse", this is "Sniper" calling. And the reason I am calling is twofold. First as a gesture of my appreciation for your e-mail late Friday night. Second, this is your daily wake up call because money never sleeps. So I take you out for a day at the races or more precisely, I will escort you at the start of yet another volatile trading session.
Now who are we racing against ? Well, in the box, the following horses are getting nervous for the start : "The Duke of Leverage", "Lady Vix", "Fearless Fibonacci", "Get Shorty", "Mr Margin Call", "It's a long shot", "Mario Dragonfly", "Ben's money drop", "Yogi Yen Bear","Long straddle","Dr Squeeze", "Diamond Copperhead", "Black Gold" and "Precious little metal". I don't think you have to fear the competition, in fact some are not racing against you, au countraire ! Now in order to have a winning chance in today's race, we need some instigators to get that adrenaline flowing. And knowing your interest for basic R&B and R&R, I picked out the following play list, just to make sure we are awake and think straight when the Manhattan bell rings at 10 am !
1) We start out with a great live performance of a classic, taking place at Scheveningen beach, probably familiar home ground to Ironhorse when he was a kid during summer holidays.
2) Now we go over to your present habitat, a California desert drive-in. And with it my kids will be happy as well. And Frisco off we go, life is a highway and we are gonna ride and trade all night long, as Lightning McQueen.
3) Track 3, and we have the intro sound of a flaming horse in gallop. Yes, Ironhorse, the race is on, clear blue skies ahead but stay focused now. The finish line is now clearly visible with the siren call of the chequered flag at 12 o'clock. And as a trader you will like it because like 10CC's Wall Street Shuffle riff, it has also that harsh guitar slash, the sound we like, the sound of yet another killer trade gone well. Come on and dance, come on come on !
4) Holy cow, I think he's gonna make it !! You will get the last word, Ironhorse, crossing the finish line, still in allegro momentum, with Randy Bachman Turner Overdrive.
So let's get into overdrive and when all seems lost, you can always find some witty inspiration in the following link. Some of my favorites include "I don't feel very well, I need a doctor immediately, ring the nearest golf course !" ; "It ain't necessary to have relatives in Kansas City to be unhappy"
http://www.brainyquote.com/quotes/authors/g/groucho_marx.html
So Ironhorse, good luck in this week's bargain hunting, like the U-boot commanders used to wish one another : "Fette Beute !". Sniper says "over and out"
35 Comments
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Nacht Und Nebel
On 30 Jul, 2012
My kingdom for an ass.Even Jesus,king of kings was a famous ass rider.So,never bet on an animal that has a brain the size of a pea unless the race was fixed.
Remember what Ceasar Herman said standing in front of the abyss:'when the going gets tough the tough get going "
Talking about Herman What ever happened to Pegasus? -
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Nacht Und Nebel
On 30 Jul, 2012
Senior member of the FDP, Joerg-Uwe Hahn, has told Die Welt the German government should assess whether bond purchases by the ECB warrant a lawsuit at the European Court of Justice.
The official says the ECB may be violating the EU’s Lisbon treaty if it buys bonds
Oh My.....-
christof Govaerts
On 30 Jul, 2012
@NuN
Laws are made to be broken under certain "emergency" circumstances ; I guess teh Karlsruhe court will get its instructions behind the scenes-
Nacht Und Nebel
On 30 Jul, 2012
When justice turns a blind eye....but then again we know about that.But you are right ,law and justice doesn't equal righteousness.De mens zou er zowaar tandtpijn van krijgen.
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christof Govaerts
On 30 Jul, 2012
@NuN
Er staat hier iets te veel op het spel want het domino spel reikt verder dan EMU lidstaten. When EMU falls, chances are the fate of the EU is sealed as well. En dat zou pas een "game changer" zijn, wouldn't you agree ; en dan verwijs ik terug naar mijn Friday hoep and despair blog-
Kris Van der Plas
On 30 Jul, 2012
Einde van de EU? Zeg nooit nooit maar dit keer zeg ik toch nooit. Einde van de EMU is al moeilijk genoeg, maar einde van de eengemaakte markt? Zie ik niet zitten. De regels zijn ondertussen allemaal europees, dat terugdraaien naar opnieuw nationale regels (en certificatie) is onmogelijk (weer een zwaar woord ik weet het - allez waanzinnig moeilijk). Ten eerste zijn de nationale structuren er niet meer, ten tweede is de nationale expertise er niet meer, ten derde: europese regelgeving is enorm winstegevend voor de industrie (in vgl met 27 nationale wetgevingen).
Dus EMU kopje onder, dan zie ik ons eerder terugvallen op het verdrag van Rome. En dat is al erg genoeg want dan hebben we met zijn allen 65 jaar eenmaking weggesmeten. (Trouwens, Schengen is al aan het afkalven...)
Begin me steeds meer af te vragen of er nog wel een goeie uitweg is: of men neemt draconische anti-democratische maatregelen met lak aan justitie en rechtvaardigheid en dan is er misschien een kans dat de euro het haalt (op de korte termijn), of de politieke impasse blijft en de euro valt uit elkaar. Pest & cholera; rock & hard place...
Vervang in hetvolgende 'song' door 'euro' of 'europe': http://www.youtube.com/watch?v=sKN6lYU5bZ4-
christof Govaerts
On 30 Jul, 2012
@Kris,
Indeed, pest & cholera, Scylla & Charibdis : the key question usually boils down to "how far are you willing to go, which sacrifices to make to avoid the uncertainty of the alternative ?"
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Nacht Und Nebel
On 30 Jul, 2012
Hmmmmm,The right way to do this is to change the Lisbon treaty now.But the problem is France I guess.Promise my to give your kids a good education and a lust to wander and explore.Empires may come and go but the need for talent remains.
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christof Govaerts
On 30 Jul, 2012
@NuN
I agree but reality rarely is "true", "honest" and "right". We indeed have to nurture these ideals in educating our kids. Eerlijkheid duurt het langst. But in the meantime, you are gonna get scr?!wed big time on many occasions
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Theo
On 30 Jul, 2012
@ Christof
Give the kids to read "Le Comte de Monte Cristo" A. Dumas-
christof Govaerts
On 30 Jul, 2012
@NuN
aboslutely ; but on the other hand, "an eye for an eye" is part of the old testament but is it something Jezus is proclaiming ?-
christof Govaerts
On 30 Jul, 2012
@Theo
Off course my testament comment was meant for You Theo, sorry about that
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Theo
On 30 Jul, 2012
@ Christof
you have to tell them to read till the end
It's not for nothing the saying goes "blinded by revenge"
On the other hand the wise forgive and never forget. Only fools forgive and forget
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Theo
On 30 Jul, 2012
Brilliant horse race by the way :-) Loving the musical commentary
That's what I would call perfect handicapping.
I'm putting my money yet again on Shady Affair-
christof Govaerts
On 30 Jul, 2012
@Theo
are you gambling 10 to 1 or 2 to 1 ?
I put my money on "it's a long shot" and Basil Fawlty in mind on"Mario Dragonfly"-
Theo
On 30 Jul, 2012
@ Christof
Well, if exotic betting is permitted... For my Tierce I'll take "Mario Dragonfly" as my Banker and choose three Legs from the field based on Form
In that case the pay out would depend on the pot
If you only have Win/Place plain vanilla... I'll go with "Mario Dragonfly" and shop around for the best odds with the bookies
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Nacht Und Nebel
On 30 Jul, 2012
I bet on butterfly or as my thai friend says buttfly :)
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christof Govaerts
On 30 Jul, 2012
@Theo
Your Thai friend is absolutely right because certain flies like horse butts :)-
christof Govaerts
On 30 Jul, 2012
@theo
and with horse flies, this makes this indeed a shady affair
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Nacht Und Nebel
On 30 Jul, 2012
what kind of leverage are we talking about with this new European Solidarity Funding Bank ?The EC has less than 15bn of the original 60bn left in EFSM.
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christof Govaerts
On 30 Jul, 2012
@NuN
at least 500 bio EUR combining EFSF and EFSM into ESM-
Nacht Und Nebel
On 30 Jul, 2012
But 500 billions isn't enough to cover Italy's and Spain money need :( Leverage must be at least 4
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christof Govaerts
On 30 Jul, 2012
@NuN
No, it might not be enough but at that point we will really start printing like the FED, BoJ and BoE
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Nacht Und Nebel
On 30 Jul, 2012
Sometimes being right again turns my stomach inside out :(
The European Commission is investigating possible manipulation of interbank lending benchmarks including the Euro Interbank Offered Rate (Euribor), the London Interbank Offered Rate (Libor) and the Tokyo Interbank Offered Rate (Tibor)
http://www.reuters.com/article/2012/07/30/us-eu-euribor-idUSBRE86T0B520120730
Not all the banks but Deutsche,Barclays and the rest of the anglo american bullshitters :(-
Philippe
On 30 Jul, 2012
Oh, can we expect market talebans to eventually understand that the house of their lord has been turned into a den of thieves ?
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Nacht Und Nebel
On 30 Jul, 2012
German government spokesman says sees no reason for legal action against the ECB.
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Nacht Und Nebel
On 30 Jul, 2012
German government spokesman says sees no reason for legal action against the ECB.
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christof Govaerts
On 30 Jul, 2012
@NuN
And it probably won't come either, reed my blog tomorrow, it will tackle this issue ECB vs Buba
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Nacht Und Nebel
On 30 Jul, 2012
The European Solidarity Fund Bank
https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash3/555558_482136791814160_1455986128_n.jpg
















