Saturday, September 27, 2008

Tex Capacity Exceeded Sorry Stack

orientation

is to find time in my view, a new status. The short strategy has proven to be just right, even though I have this in the depot could not take full advantage. Respect for a technical rebound and government intervention was sometimes not without justification, as my usual KO bills would have been simply knocked out the current volatility. I have therefore always tried Intraday waves to ride. The diurnal variations were present within the major indices so enormous that with a small lever was already earning very much money. It had a self only a few basic properties of the current market, be aware of. The fear and greed gave each other at ever shorter intervals, the hand. The movements were there some with +5> 5% so strong that it was reasonable for money management almost inevitably stopped out. This itself is not bad, only one had the courage to always test positions in the market place and also be prepared to lose several positions and then test them at a wave then to ride tight trailing stops. Completely impossible for me was the overnight trading, as reported in the night, new messages have already been priced in already pre-market with the opening of the pre-market trading so much that had already been recorded heavy losses. This is true especially since I have used increasingly powerful levers to take advantage of the very short-term fluctuations sufficiently.

As always the latest model portfolio is available at:
model portfolio Shareholder R / 2

With the result I am very happy because I've been avoiding me for insisting on a position, but I always waited for the position in the market and only this position have been following.

current stock market
The current situation is unique in the history of global finance. There is currently a domino after another, the distances between the tip of the stones is always smaller.

Here is a very crude simple summary of recent events:


The latest Verzweifelungstat the U.S. Treasury (which has been approved by Congress but not yet up as of today) provides a collecting society of 700 billion U.S. $ and is lazy loans from the balance sheets of troubled U.S. banks take. Which is something often overlooked is that even with complete Use of the volume by the banks, in the end only 27 billion U.S. $ to the actual strengthening of the equity ratio remains. This is to leverage the debt of 25, ie the ratio of debt to equity. Almost everything was so on it to repay debt. The current operating deleveraging of the banks here will contribute to further aggravation of the situation because of the economy remain increasingly implies denying loans. The spiral goes on and so on.

With the latest August numbers but have a more gloomy picture of the U.S. economy. So now, the household debt is already higher than the gross domestic product accounts, ie about 14 billion U.S. $. The dominoes Credit Cards (June 2008 were 4.03% already in default, a year earlier it was still 2.9%), auto loans, leases and, ultimately, consumer spending should jiggle considerably. In the forums and in the financial newspapers to read in part, optimism, can not initially shared by me. I think the worst is yet to be in front of us, even if it can be at least intermediate rallies in the stock market at any time.



The current view of the market here is again a rough picture of what has been erased in recent months actually on the market. Dow Jones has made the price high in October 2007 from 27%, the DAX and the MDAX was already 33%% already 47th Of expected Recovery movement can not speak yet so far, as far a turning away of a global financial crisis has not yet been secured. Real economic turmoil especially by the current credit crunch may already not be excluded. Further outflows in certificates and funds, or a bank run can set the markets continue under considerable pressure. For optimism, it is again only time when signs of recovery are visible on the U.S. housing market.



The coming months will, in my opinion very uncomfortable in the real economic environment. Currently, this opinion seems not a "consensus opinion" to be what is good, because this could fulfill a prophecy by itself quickly.

Still, I expect in the next few days, a crunchy short bear market rally. I hope to be there. As ground for this rally, I see this clearly pessimistic sentiment in the market, the very low investment rates of the professionals and the "apparently" very favorable ratings of individual companies. The waste can be quickly these assessments should be known. The recent revisions to earnings estimates are 25% but also from the market priced in already. What has not been "processed" are more dominoes.

As written at the beginning, bring an open attitude the search for opportunities in the Short and the Long environment, a good basis to make money in spite of the difficult market environment, money. I dream while still a 10% I can surf the wave continuously. The gains of recent months have been very difficult and punctuated by peaks down.

Monday, September 22, 2008

West Jet Pilot Captain

DAZZ - creative photo design

Who ever photos for a variety of photo gifts, such as posters, coffee mugs, puzzles, or the like has selected know that an exclusion criterion actually pleasing people is often the inappropriate background. And who just can not deal professionally with graphics programs, also knows the effort to release such photos clean and provided with a suitable background. Precisely this gap has dazz.com recognized and offers this service now.

Photo: DAZZ

It therefore invites his motive to dazz.com and replaced within 24 hours of appropriate templates. Is the choice for a particular style photo taken, so the customer can download it for 2,90 € or it directly from a manufacturer of their choice printed on a photo gift. Alternatively, you can buy in this way the perfect "recording.

DAZZ is an open platform: Manufacturer of photo gifts DAZZ can use to offer their customers a realistic preview and make beautiful photo gifts. Designers can create their own photo and embed styles in DAZZ . Let For every sold photo style, they get a commission.

My Opinion: An interesting option for photographers who do not have the time or experience, photos, make themselves creatively, but more out of their motives (especially Portraits) want to make.




Saturday, September 20, 2008

Forget The Master Lock

Sony Alpha 900 - full format in the test

If I have denounced in several articles on the pixel madness, then this was referring always to compact cameras with small sensor, where everything is in pixels of the picture quality is rather detrimental. A camera with full frame sensor, however, is quite different in this regard should be evaluated. Including the new Sony Alpha 900 which will in October for € 2800 come on the market.

24.6 megapixel Sony has donated the camera, yet are 5 frames per second. While the camera has no internal flash, it has donated her in spite of the large sensor has a sensor-based image stabilizer - an almost technological tour de force.

six scene modes are on board, otherwise dispensed with Sony to "all" games "of the camera image editing interen. The target group is clearly the most demanding amateur photographer who receives the Alpha 900 is another full-range for under 3000 €.

find the complete test of the camera at digitalkamera.de .

Friday, September 19, 2008

How To Lower Hemoglobin And Hemocrit

The pixel madness continues - Photokina 2008

From 23 to 28 September in Cologne Photokina 2008, - the fair, will set the standards for new trends in photography.

About 9 million digital cameras this year go raves in Germany over the counter and Constanze Clauss, spokeswoman for the Photographic Industry Association: "Germany is the land of the photographer." In this respect, it is not surprising that more than 1,500 exhibitors want to leave their scent mark in Cologne.

What surprised, however, the fact that the pixel madness has no end: "For the compact cameras we will reach 15 million pixels." And with the SLR cameras at the show could have models with 24 million pixel resolution to be seen. Star is at the Sony booth as the SLR a900. According to the manufacturer is the world's first full frame digital SLR with 24.6 megapixel resolution. "- Said Ms. Clauss

full-frame cameras once left outside (as the professionals to look forward rather than more pixels) is . everything else more or less a PR stunt at a level below the belt line Bettina Steeger Canon confirms this indirectly: "It must always be a few horsepower to be more - even if you use it even can not." The comparison is hampered in this respect. in that a more hp in the car or motorcycle very well and feel positive - assuming good tires - Can bring to the streets. The small miniature sensors of the compact (and, now, many entry-level SLR cameras) can deal with more of pixels not really now.

really interesting - at least for me - offers in the area of individual GPS navigation will be - the little receiver for the satellite-based global positioning systems that help to photos after properly attributable to a photo location.

Another trend that I am unable to follow, the special form of facial recognition as so-called Lächelautomatik - the camera is triggered when the person smiles. This standard, first in a compact camera technology is now feeding in camcorders. With the HDR-CX11E, Sony introduced the first camcorder with claims to so-called smile-shutter function as the means Lächelautomatik at Sony: During the film, the camcorder automatically takes photos of smiling, or at least smiling people.

If you need this is poor in my eyes, remember: No matter how intelligent automation of the world is able to convey moods and feelings as it is a good photographer or (in the latter example) cameraman can. Who can not develop emotions for his hobby or his job, which does not help even a very ausgetüfelte automatic.

course this is my personal opinion. And with this small preview of the Photokina 2008, I will leave it there - perhaps there is in the later look back at this event but things that are newsworthy.






Wednesday, September 10, 2008

Film On Items In Dishwasher

The Totblitzer the (motor) sports

motor sport for many photographers with a very interesting topic. The word is composed of two words: Motor and Sport. Both words are already independent of dynamics and movement. This should, I think, reflected in the photos. But what is the practice?

Last weekend I was at Speed Hill, 2008 Sharp stone on the road, a so-called Hill Climb, carried out on a steep hillside in the woods. Although most of the sun was shining, the light conditions were not optimal. And the bikes - at least in many parts of the route - not just slowly move. To despite low light and high speeds acceptable shots, you had to stop with something.

gave Basically there are three options: choose a high ISO (resulting in noise), use a possible strong flash (an unnatural night scene creates outside the flash area) or select a relatively long exposure time and pull in camera with the subject (risk high "Rejection rate").

Nat ürlich it is possible and advisable to use a Optionenmix to work with such as ISO 1600 and 1 / 80 and the camera still follow suit. The photo shows how the result (here with a Sony R1, CMOS image sensor size: 21,8 x14, 8mm) may look like.

The noise keeps discreetly in my view, within limits, while the photo itself conveys the pace of the sport.

Even if a snapshot is not even really succeeded because, for example, the autofocus is not fast enough, one must not write off the subject file. Earlier ago I had a photo like the one shown here already deleted when viewing the camera screen. Now I decide first on a home monitor, which is having such a recording.

A simple software such as Picasa is sufficient to edit the photo as I did. Safe: With Photoshop, I would "optimize" this recording can - so remove the noise and Others more. However, I find that the photo - is the way it is now - very authentisc h acts and credibly conveys how difficult it was for the engine athletes to conquer the mountain.

As already mentioned: the flash to be used with * * I consider this perfectly legitimate and have partly been made, as the third example. Although the flash was used more subtle and still see the photo suggests that it is an admission on the day is, I love the photo borderline. Here I am missing it a bit dynamics - the driver would be too, if it is not the laws of physics would be ...

brings me back to the subject of the article. The lightning kills moods, makes dynamic athletes static objects that might be in a photo studio - at least when the flash is used as a supposed miracle.

That even colleagues with a large external flash to subject were fishing is one thing that I do not want to comment further. The ambitious Photo friends but I would like to encourage you to experiment just once. This means dispensing with various scene modes, as they are now to be found in abundance in many cameras and the use of individual settings. A middle-ISO value, 1 / 60 shutter speed, flash and the waiver of panning the camera with the subject and released at the right time such an exercise would be to go to dynamic photos.

I wish all sports-loving photographers good shots!

Monday, September 8, 2008

Pursuit Remote Starters

Game Over

have nominal worldwide, according to CIA World Factbook in August 2008, the United States with about 9.6 trillion dollars, the highest nominal government debt. The State debt relative to nominal GDP dabeibei in 2008 is 65.6%.

the weekend now the next stage of the socialization of private mismanagement by the nationalization of Fannie, Freddie was ignited. The two companies own or guarantee about 42% of home purchase mortgages. Notional amounts thus the volume of four trillion dollars in mortgages, facing 2.6 trillion dollars in debt! The risk of a more dramatic debt of the United States is growing so continues. The possible charges at the time with an estimated 300 billion U.S. $. The question is, why is it that drastic step and operates the highest ever happened nominal nationalization. Simply because the mortgage market would have collapsed overnight and would have triggered a worldwide tsunami. They had virtually no choice: bankruptcy, with unforeseeable consequences or receiving additional national debt and the risk of dollar devaluation.

The sad thing is that here also fraud and forgery on the agenda was. Unfortunately, this can also lead to a further loss of confidence to the credit of American "papers" of any kind. Sorry, but the Americans live on credit and are dependent on foreign capital and thus on confidence in the ability to repay.

The markets see the actual picture yet and may lead to a small rally, because a concern has apparently disappeared. Only the state and thereby hang of the U.S. $ and the bonds now directly on the drip of further development in the mortgage market.

The question is how long the foreign investors are looking further loss of value or to or expect anyone that the losses in real estate are now off the market and now consumers can buy peace of mind back to rising unemployment? The adage that "The stock market only looks forward," is not able to apply, since so far no really! Data to indicate improvement.

viewed as, therefore, the picture for me at key points of:
  • currency turmoil
  • U.S. stagflation comes clearly to light
  • Escalating credit / bank crisis
  • concern for the spread of the banking crisis on the real economies of the United States, Asia, United Kingdom, France , Spain, Greece, and Italy
  • distortions on the Geld-/Finanzmärkten
  • dramatic strengthening of the manipulation of U.S. financial systems
  • Sprawling money supply expansion in the U.S.
  • U.S. auto companies fully to bankruptcy
  • U.S. home industry entirely to bankruptcy
  • U.S. bond insurers entirely to bankruptcy
  • Other American investment and mortgage banks to bankruptcy
  • Other American pension funds to bankruptcy
  • Other American hedge fund to bankruptcy
  • Other American Airlines to bankruptcy
  • inflation now at more than 50 countries above 10 percent.
  • Worries about impending attack of Iran by U.S. or Israel
  • Massive decline in the value of U.S. homes, English homes, the British Property, Irish Property, Real Estate of the Baltic and Icelandic homes.
Sounds to me still to short. The last few days so they could earn good money, even if one day something Upmove-irritating.

Tuesday, September 2, 2008

What Does The Inside Of A Viagin

Schade

Chart The positive image of the German indices was indeed confirmed. Unfortunately I could not provitieren them because I simply have not found the entry, after I have only briefly at around 11:00 clock checked online courses. At this time, the courses have already been up and away. Well, it was once again the attitude to be confirmed by the market. The market was once again a different opinion than I do. Too bad, no really sickening, it is also now gone. It could have been easy money, especially since prices have finally moved more than 0.3% in one direction. Which direction to run the courses I basically do not care. To miss the train but hurts more than any loss.