Money is Not Edible

The theoretical Dow averages exponentially and I believe gives a more accurate reference to actual Dow numbers. You simply add or subtract 40 points to the highs and lows of the day.
Yesterday 10,279 low to 10,478 high-200 actual points, when it looked like a day of slight whipsaw. We saw the market fall below the all important 200 day moving average, struggle dutifully at 10,350. Traders that owned our open OEX July 500 Call sold to highs of 14.20.

Advanced Mentoring Trader MR saw this and perhaps added to it, but the brilliance alone will shine through. Read it carefully:

After the Last Tree has died
Man will realize
That Money is not edible

I have the eerie feeling we might live to see it
I hope I don't
I would suggest the Earth (EAR110716C000) call.

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Rogers buying Euros and explains how bailouts, which all countries are now doing, are destroying paper currency. No paper currency in the history of time has ever lasted. Only Gold has.

But Rogers buying Euros points for a shift in the market. Some suggest a last burst for the market, and true moves to 9550 area, which would support the Euro rising.

Others see the Euro holding, the Dollar holding, and the economy being noted for being sustainable, while the world tries to negotiate "created wealth and created debt."
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Jim Rogers Buys Euros, Says Bailouts Destroy Currency

June 16 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, said he is buying euros even as he predicts that bailouts for European nations will eventually destroy their single currency.

The Singapore-based investor, who predicted the start of the global commodities rally in 1999, said he bought euros this week and may acquire more because investor sentiment has turned too negative in the short term. It will take 10 to 15 years for the currency to disappear, he said in an interview in Madrid.

“It’s time to go in and take the other side,” Rogers said today. “It got beaten down so much.”

The euro fell almost 11 percent against the dollar in the last three months as European Union nations struggled to contain budget deficits more than triple the bloc’s 3 percent limit. Last month the EU announced a 750 billion-euro ($923 billion) rescue mechanism to stem contagion from Greece as the risk premium on Spanish and Portuguese bonds surged.

“That’s not the way it’s supposed to work,” Rogers said at the Rafael Del Pino Foundation in the Spanish capital. “I don’t think it’s good for Europe, and I don’t think it’s good for the world to bail out people who have failed.”

The euro was down 0.1 percent to $1.2298 as of 11:38 p.m. in Madrid.

The extra yield investors demand to hold Spanish 10-year government bonds rather than the benchmark German bunds touched a euro-era record today of 2.22 percentage points on an intraday basis after Spain’s El Economista newspaper said the International Monetary Fund is coordinating a 250 billion-euro credit line for the country. The EU and IMF denied the report.

‘Long on Euro’

Rogers, who co-founded the Quantum Hedge Fund with George Soros in 1970, said the process of undermining the euro is a long one.

“Debasing what has been a strong currency and making it weaker and weaker is in the end going to destroy the euro,” Rogers said. “In the interim, I’m long the euro.”

Next, I'll lead with who we are; we are not smart people, or we are at least GREEDY and arrogantly not smart:

McLaren Supercar Buoyed by Europe as Austerity Fades

June 15 (Bloomberg) -- McLaren Group said Europe will provide at least half the buyers for its 200-mile-per-hour, Ferrari-rivaling MP4-12C supercar as demand for luxury autos rebounds from last year’s recession.

The 12C, which will cost about 150,000 pounds ($227,000), starts a 50-venue global promotional tour in Germany on June 17. About 2,500 expressions of interest have been received for the 1,000 cars to be produced next year, McLaren Automotive Managing Director Antony Sheriff said yesterday in an interview at the company’s base in Woking, near London.

“For many people it didn’t seem like the right time to be seen driving this type of a car, but from the interest that’s out there it appears that they’re growing a bit sick of self- imposed austerity,” Sheriff said. “The waiting list will be pushing on towards a year almost immediately.”

Britain and Germany will lead European sales, while a further one-third of orders will come from the U.S. and the rest from Asia and the Middle East, the executive said. McLaren, best-known for the most successful Formula One racing team after Ferrari, has selected 35 global dealerships to open in 2011, increasing to at least 70 by 2015 as the model range expands.

Sheriff predicts that luxury and sports-car sales will jump about 35 percent this year after slumping during the recession.

Private Viewing

The 12C will be shown in a private viewing to dealers and registered potential clients in Dusseldorf this week, Zurich and Brussels next week and U.K. buyers in Woking later this month. The car, a rival to Ferrari’s 458 and the Lamborghini Gallardo, will make its public debut at the Goodwood Festival of Speed, held at a racing circuit in southern England in July.

Jardine Motors Group will run McLaren’s London dealership, while Moll Sportwagen in Dusseldorf and Kamps Gruppe in Hamburg -- trading as Merkur Hanseatische Beteiligungs AG -- will sell the cars in Germany. Neubauer will act as distributer in Paris, Fassina Group in Milan, Schmohl AG in Zurich and Monaco Luxury Group in Monaco.

“We feel we’re in a very comfortable position already, especially considering we haven’t started to market the car yet,” Sheriff said in the interview a day after McLaren F1 drivers Lewis Hamilton and Jensen Button finished first and second in the Canadian Grand Prix in Montreal.

Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg-Essen, said he wouldn’t have expected Europe to lead sales of the new McLaren.

‘Belt Tightening’

“I cannot quite conceive how Europe, at the moment, can add considerable momentum here,” he said. “The region seems captured by a pronounced sense of belt tightening. It’s more the rich Chinese, mad American business people or impetuous sheiks that would opt for this kind of car.”

In the U.S., the biggest supercar market, sales of autos costing more than $100,000 may jump 42 percent after falling 30 percent in 2009, industry researcher IHS Global Insight says.

McLaren will initially have nine U.S. dealers at locations including San Francisco, Beverly Hills, Chicago, Miami, New York and Dallas, with one sales outlet in Toronto.

While performance figures haven’t been released, the 12C is likely to have a faster top speed and swifter acceleration than the 458, Sheriff said from an office overlooking two Ferraris and a Porsche 911 used in comparison tests.

The McLaren model takes its name from the MP4 designation given to all of the company’s race cars since 1981 -- the latest being the MP4-25 driven by Hamilton and Button. The “C” indicates the road car’s carbon construction and the “12” is a reflection of “internal performance criteria” including weight, aerodynamics, power and down force, Sheriff said.

Price Range

The price of the successor to the McLaren F1, the world’s costliest car in the 1990s and the fastest at 240 mph (386 kilometers per hour), has yet to be finalized, but will be in the range of 125,000 pounds to 175,000 pounds, Sheriff said.

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From our Blue Chip Commentary of 6/16:
Over the weekend former Advanced Mentoring trader MR asked the best question we could all ask:

if all these countries are trillions of dollars in debt - who do they owe the money to? Where did it all go?


The money is owed to themselves, and to other bondholders, meaning other countries, that have "bet" with them.

It is owed to who sponsored the debt, and few are astute enough to take it back to realize oil companies, banks, raw materials, are all part of the circle of "build more, offer more interest rate, and build the house of cards."

Only one thing really stopped this house of cards, and it was not real estate. It was the gigantic bets made on Wall Street on CDO's and derivatives beyond comprehension that Geitner explained so well "more money was being 'sold or optioned' than in available supply in the world." We were truly printing money, but not the FEDS, but instead banks and Wall Street.