“Blah Blah Blah…everything is under control” Paulson continues. “…Chinese markets improving is good for us because” Before he said why, he was interrupted by Frank, and asked to move to answering the next question during the congressional hearings.
This always sticked as “highly suspicious” in my dictionary. I wondered today again, why would US markets benefit [...]

“USO”
Check the end of the day volume (21:00) for USO, 14mil and change. Can you trade after 8 and why come its huge and peculiar:
07/25/08 21:00:00    99.27    99.45    99.91    14275355
07/25/08 21:00:00    99.27    99.27    99.27    -14275355
07/25/08 21:00:00    99.27    99.45    99.91    14275355
07/25/08 21:00:00    99.27    99.27    99.27    -14275355
07/25/08 21:00:00    99.27    99.45    99.91    14275355
07/25/08 21:00:00    99.27    99.27    99.27    -14275355
07/25/08 [...]

Either the dollar rallied because of Mr. Plosser’s comments or the comments made to justify the rally in the US dollar, this does not matter. What’s important is his message: the whole “increase in interest rate” before the market starts recovering to control inflation. I call this “bs”; fed will stick with 2.0 till 2009. [...]

USD/JPY is holding its gains nicely, and have a bullish projection.
In general, USD has a reverse head and shoulder pattern also.
“Even if its deliberate, it will have a great effect on financials today.”
If you are into risky trades that are likely to gain big dough, just ask the brokers of JPM. “The opportunities are there [...]

The most interesting part of the day was not the market. After listening to the congressional hearing for 4 hours straight, i felt nauseous and somewhat horrified. I’ve tried to make it interesting, however, due to the
I don’t want to jump to any conclusion, but i need the ibankcoin’s think tank here. (Fly and his [...]