ZenPaws: Interesting comment by Art Cashin http://www.cnbc.com/id/101378155
If you saw Art's video clip on CNBC last Friday evening when the stock market crashed, he said then that it occurred because traders were expecting 1, 2 or 4 currencies to revalue over the weekend. What do you make of his comments today?
Art Cashin said stocks gained Thursday as fears of emerging market currency problems eased but investors should "take the joy that we have today and hold onto it and see what markets do overnight."
Cashin, UBS' director of floor operations at the NYSE, told CNBC's Bob Pisani he thinks the primary factor helping equities now is "the fact that the end of the world has been postponed, apparently. We'll see how long that continues. If the emerging markets can remain stable for a couple of days we might be able to build on this. I think they're going to take it one day at a time."
He thinks the market's attention will be moving from earnings to the economy in the coming days. "We've seen some weakening signs. Can the Fed keep tapering? What's going on here?"—By CNBC.com
Read More Link on Right
FutureBliss: Update !! just got this now from a source...treat as rumor
Just heard CNBC announced the worlds currencies have been revalued and rates are now released to the public.
4:40 pm.. I asked my source where this came from. He just called to say his contact in FL saw it on CNBC and called him....I don't know what time this happened. But shortly after that call he called his uncle in WA who is not a currency holder but my source and his brother are going to take care of him. My source told him what the FL contact said and the uncle that's odd because I just saw the same thing on MSNBC !
My source also said that his forex contact said this had to be done by the end of the month, and he just talked to Oakie and two other of his sources who all said it is going down today. The Chinese were told it would be done by their New Year which started this morning as they are a day ahead.
NO, I cannot prove it...this is intel from my source. Take it or leave it ! I will TAKE it.
PS: we've been told all along that the RV will slide in quietly, no big announcement. I ASSUME that the above was on the scrolls...I don't expect any big coverage of it in any media.
[duffy2] PRAISE GOD!!!!! HIGH RV ALERT! ALERT! ALERT! THIS IS NOT A TEST!!! It has been reported that the revaluation has been signed off on and we should be seeing it. THERE WILL BE NO TRUMPETING OF HORNS, NO CRIER IN THE STREETS….to tell us it has happened….. "IT'S JUST ALL DONE…. WE AWAIT THE DEAL….OF THE RULES, THE RATES, ETC." IMF Confirms Chinese Yuan Set to Become a Global Reserve Currency Rumor — It is on bank screens everywhere, Banks are flush if not heavy in cash, Codes this weekend, Public on Monday….the end. Watching the weather channel in Baltimore a very serious friend reported this and called me excited. Scrolling along the bottom it read WALL STREET SAYS THESE THREE CURRENCIES ARE ABOUT TO HAVE MAJOR REVALUATIONS. He will call me back when it scrolls again for the third one he forgot, but the two he saw were Dong and Dinar…Imagine that. ..soon it's to be a reality
RV RELEASE ANNOUNCED TONIGHT ON CNBC – MAINSTREAM MEDIA
Info came from 4 separate credible sources - link will be posted when available.
About the Poofness Newsletter:
Hi, Folks - No newsletter yet and no solid news concerning it. I wrote Susan a short while ago, she's patiently waiting for word from ZAP.
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