Buy Spain 35

the spectre of repsol, more policies, less austerity, a statist president in france, it all might be comforting for the desperate and gullible voters but not necessarily for the market.

Index went down to as low as 6650 this morning before rocketing 400 points to 7050+, I'd say thats pretty bullish activity imo.

I can see the movements that took place on IBEX without you having to post them here. It's rear view mirror news.

Impress me by telling me why the Spanish market bounced like that today, not just that it happened. Impress me by showing that you understand what moved IBEX close to 3pc today, and then tell me if whatever it was is sustainable.

Saying the activity is "bullish" after a 3pc UP move is like saying chocolate cake is sweet after it's all been eaten.


P.S. I'll let you in on a secret. Spain has the highest unemployment rate in the developed world and getting worse. Spain is bankrupt with sovereign debt that can not be repaid. Spain is in a depression. Spain's banking system is completely insolvent, and last but not least, are you aware that the Greek Stock Exchange bounced from about 640 from about the middle of Jan to 830 about the middle of Feb. It was down almost 7pc today. So interpreting a "bounce" as bullish is a fools errant.

I'm confused, most ( if not all) the hedge fund maestros are confused, the markets are all over the place.
In fact pretty much everybody in the world, pro or amateur, has no idea what is going to happen.
Everybody that is apart from Menelaus it would seem.
Must be nice to be so savvy.

"Index went down to as low as 6650 this morning before rocketing 400 points to 7050+, I'd say thats pretty bullish activity imo."

not sure if that's bullish or bearish but certainly some good volatility.

You mean you can actually trade something on these markets other than tying up money in an expensive stock like AAPL? I'm shocked, I'm shocked I tell you!

Now how you trade all the volatility without knowing fundamentals to understand the big picture, and not using technicals/charts to daytrade is still something I'm trying to figure out on this forum. Does guessing work? Benny the clown claims it does.

Oh, the humanity........

but melly- is'nt your money  tied up with gold under the floorboards?

gold you paid 1680 for that is worth 1630 now

gold that  has paid you no dividends and no interest.

fundamentally- your losing money - you  dunderhead.

"bullish"???

Come on Pierre FFS, don't go into hiding again. Is a simple "thank you" too much to ask in getting you to think that IBEX popping like that for a day doesn't really deal or reflect Spain's huge underlining issues, and can hardly be labelled as "bullish"?

Seriously......

erm what was you saying? , started adding at 6800, added more at 6700, erm ? if it goes down again i'll add more. Maybe at 6000 I'd start getting concerned, your comments do not affect me, never will.

Keep buying. It all makes sense, Spain is on it's way to recovery. Very bullish.

Let's see, bankrupt Spanish banks pledge toilet paper with the ECB to get LTRO cheap money, that needs to be rolled over in three years, they turn around and buy Spanish sovereign bonds at 4pc which now yield 5pc (you own a calculator, you calculate the losses). Now those very same bankrupt banks will be bailed out by a bankrupt sovereign that needs to issue new debt to cover the losses at the same time when issuing new debt to cover their deficit (and roll over maturing debt) is getting more expensive by the day, oh yes, and it's economy is in a depression. Yeah, this will all end well, keep buying. Very bullish.

oh cr@p, they flirted with 6pc today.....even more bullish.

You are learning mellyburger, I will quote pippin from Lord of the Rings "The closer we are to danger, the farther we are from harm" you now see the brilliance of this strategy.

Wow, I'm impressed, you're quoting from "Lord of the Rings". You're not just a plain douche, you are a well read douche. That makes all the difference.

Just got back from a 1 month road trip in Euurope, which included 3 weeks in various parts of Spain.
There may well be a technical recession going on, but you sure don't see or feel it travelling around.
But that is quite often the puzzling thing about these recessions.
I lived in the UK in the early 70]s and I'm damned if I can remember any hard times personally.
Just wish I bought loads of discounted property in Chelsea that was on offer at the time.

Closed my position after that jpmorgan bollocks, the S&P is at near critical levels chartwise, will see what happens tomorrow.

Closed your position????

How convinient, just in time when you are about to take a bath.  How exactly did you do that?  All this was announced after the markets closed. Where exactly are you executing these trades and how? It sounds to me like you're likely trading comic books in a school yard than trading the markets, based on your comments.

Does JPM's admission mean that IBEX is not sending "bullish" signals anymore? I need to wrap my head around that one.

You're just another one of the loooong parade of clown's on here who makes it up as he goes along. No harm done though, I don't think anyone is listening.

fk your an idiot melly.

Pieere is trading, trying to get positioned for the trade.

your just completely clueless on how to do it, that why you  post that everyone is lying.

btw- hows gold today? 1577

based on your record melly- your credibilty is zero.Your just annoying the whole forum- fk off.

LaDouche is "trading", so in traders language in clownland, "closed my positions" really this means "getting positioned" to close my positions.

Premier comedy delivered again but the forum's living corpse.

And in other business news today:

1. Spain's budget deficit is now expected to be 6.4pc of GDP, missing the 5.3pc target

2. Spain's economic is expected to contract by 1.8pc this year, missing the 1pc contraction forecast earlier

3. Analysts estimate Spanish banks will need another 100bn euro in capital which they would require international aid to raise, much higher than the 10bn euro estimate given recently by the Spanish government.

4. Sunny and 26 degrees in Costa del Sol today



All and all, it sounds very "bullish" for the IBEX.


P.S. Instead of reading the "Lord of the Rings", you should have picked up a book on basic Economics. It would have prevented you from making a fool of yourself on a public forum.

You're a clown mellyburger, i would've course have kept my position but erogenous circumstances arose (jpmorgan) and i liquidated my winning position in the hope of a better entry point and based on the fact that this news in the US could push many charts off a uptrend that started in october.

Also mellyburger the reason jpmorgan et al, MF Global made such huge losses is exactly because they were betting on europe, now their entry points were all wrong and they lost billions, so spout to them about their mistakes. I'm sure they've read and analysed europe all day long with much more educated people than you and they still bet on europe.

LaDouche, how's the "bullish" IBEX call going today?

The only "erogenous" thing I observe on here every day is wipeout ********* benny the clown

It shows your severe stage of confusion....which is beyond sad. But not as sad as a clueless clown like you posting "trades" on this forum, "erogenous" or not.

LaDouche, the US markets are already green but you think IBEX dived because of "erogenous" circumstances (re:JPM).

You keep this confused state of mind long enough and you'll end up in the same asylum as benny the clown.

LaDouche, stay in hiding. After that horrid "bullish IBEX" call, you should wait at least until this thread disappears from the first page. Then it would be okay to come back and pretend your knowledgeable and post another horrid call.

Oh the horror, the horror, those "erogenous" circumstances always get in the way........

melly- come out of hiding and MAKE YOU CALL.

post some number you spinless tuurd

your call

crazy melly at it again, once the jpmorgan thing happened i liquidated all at above 7000, now i am waiting and seeing, 6650 was the recent low, it still has not reached that level even with all the bad news and yields above 6%.

So mellyburger your gloating is yet another example of your lack of knowledge and deludedness, i said buy ibex at 6800, today it stands at 6750 and need to remember ibex is full of high dividend payers.

Sure LaDouche, whatever you say.....

The funny thing is you still think that the IBEX sunk since your "bullish" observation because of.....JPM.

That's more humorous than the original joke call.


And you still need to explain how you "closed positions" when the fecking market is closed.......oh wait, never mind, trading on the clownland market anything is possible.

Could you tell me where the IBEX is today mellyburger?

Of course I can PierreLaDouche, of course I can. The IBEX this week closed at 7708 and DOWN nearly 400 pts since you asked the question.

But since you brought this up, let's not stop there, let's have closer look shall we?

You put up this thread on April 20 touting buying the IBEX as "worth a speculative bet" as it was "hitting lows not seen since 2009". The IBEX at the time your post went up was printing around 7040.

So what happened then?

As is always the case with the rubbish roll-the-dice brainless punts you put up here, the IBEX plunged almost in a straight line hitting new lows of 6065 on June 1 and the again after a brief rebound hitting even lower lows of 5956 on July 24 which is about a 15pc loss from your entry point !!!!! The saving grace in all this is that a real trader, not a mug mouthing off trash on here, would have been stopped out of the trade long before the 15pc level loss ever materialized. 

But here comes the important part.

The current rebound which you seem to want to take credit for an entire five months after your original trade idea blew up in your face is NOT because of "more growth policies, less austerity" as you so WRONGLY surmised in your original post but rather because of central bank constant, massive and unlimited intervention.

Bottom line, if you had anything more than sh1t for brains, you would have left this thread die of natural causes instead of putting your foot in your mouth once again. But then again, you're used to it by now, aren't you?