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WOW futures and oil already up big since I posted putting cash to work 1/3 C, 1/3 index calls,1/3 USO - no way I can commit with that big of a gap. Tomorrow could be a 400 pt DOW day - If I get morning pullback to under 170 - 150 I'll go all in otherwise smaller trade. I'll wait til 11...

I view it as bullish for the banks & brokers as a portion of the MBS they have taken write downs on are now made whole. Bullish for the general market as this will be construed as a bottom in the credit crisis. Bullish on commodities as no way the dollar holds up vs. US gov't taking on...

I think the relative strength of financials the last two days was previous knowledge. This could give big holders of toxic MBS a get out of jail free card. With the government guaranteeing payment to the bond holders - the likes of LEH, C, JPM, BAC could get a huge lift. Companies that...

If it had been a 9.3 million barrel draw down we would have spiked like $10, this should have been worth $3-4 on the downside, see what tomorrow brings.

I invariably get the "isn't that gambling" response. I live in the Hamptons and immediately reply with: "How many of those ocean front homes are owned by people involved with the stock markets?" "How many of those homes are owned by people who got lucky at Foxwoods?" The other thing...

Definitely the dollar strength. Looked at FNM and other stuff and decided it didn't matter with dollar that strong. Bought the open and let her ride.

Been a real pain in the ass to short finnies with this going on - I trade short term and my brokers have been requiring a phone call followed by a locate - which often times the trade I'm looking for is gone. So things revert to "normal" come the 12th?

none available at Fidelity - no MS or MER either.

$9.6 Billion writedown works out to $9.75 a share. Selling off valuable assets. I don't know how the hell MER is in the twenties, much less the high twenties except for its brand name.

The fed bumped the puppy - I know people who did not participate in housing speculation, or bought MBS - who are now starting to get in real trouble because of inflation. We're talking food up like 25% in one year and oil off the charts. These people were not in trouble vis a vis paying...

I quit my job in '99 after working a $5k acct to 50k over a few months, then doubled it in one day to $100k to become a "daytrader". I lost $83k of that in 6 months by over trading and chasing hot names. It was brutal - but gave me a wake up call. Over the next 6 months I turned that $20k...

usually it is as simple as there are no available shares - especially in heavily shorted issues. Got a for instance?

I emailed the fed on numerous occasions before the rate cuts a few months ago. Explaining how and why rate cuts would not help the banks and do nothing but spark massive inflation. Anyone who has actually saved money over the last ten years has been punished for it - losing 1/2 of their...

I only had to put up $2k, i was wondering if it even possible to only put up the same $2k in oil futures and making the same profit. Kind of looking for best bang for the buck / lowest risk / highest return....

There's a whole lotta really nice homes in the Hamptons. A bunch of them are owned by people involved in trading stocks / commodities / futures, managing money. I've yet to meet one that claims they bought said house with casino winnings. Trading does not equal gambling. People...

Dude - You're 18 - you got a long time to hit home runs, make mistakes, etc. Forget well known stocks like GE, what are you going to get like 2-3 points?- at 18 - you should be hyper agressive trading upside and downside momo - If you blow up - shrug it off - you're only 18. Look for...

I faded oil this morning buying 10 otm USO puts for $2 / contract. Oil dropped @ $5 intraday, puts went to $4, for a $2k profit. What would be the profit trading roughly the same dollar amount shorting oil futures for a $5 move? tia

The immigration problem is being solved as immigrants soon find they can make a higher real wage and have a better standard of living in their own countries.

Scmidt = oil was up on dollar weakness from europeans raising rates + Israel talks of attacking Iran. IMHO todays sell off was a very small part the hike in unemployment, but more so the spike in oil. Oil up was driving the market down, not vice versa.

Probably the same guy who bought otm puts on BSC and made millions - roll the dice again..:cool: