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  1. M

    Why stocks trade below book value?

    KMart traded way below the book and people bought it, then the management took it all into bankruptcy and the stock went to zero and ceased to exist, when they came out of bankruptcy they issued new stock in the $27 range and everything was fine once again... unless you had the old stock...
  2. M

    Meltdown of world financial system is fully underway...

    Dang!! When the dust settles the last people standing might be short term traders!! Much maligned were we during the internet boom, but HA HA!! I trashed a [dying, it happens when you near retirement] career in high tech, relations with my wife who thinks I'm a bum that doesn't want to work...
  3. M

    Any workable ideas to curb gun violence in the US?

    I think England is largely white people, they banned guns, the murder rate went down a little... I say keep the guns, learn to stay away from dangerous places/people and you are better in the long run, socialists can't get full control until we give up our guns...
  4. M

    Bye Bye Miss American Pie!

    Oh yeah, great inventive culture... that's how they got one step above India on the labor scale. India is beating them out on the cheap labor front nowadays, businesses in China actually outsource to India btw, the next step is to bypass China and go straight to India for labor..
  5. M

    Venezuela Introduces New Currency

    Willfully ignorant socialists are all over the place... and they are so incredibly irrelevant to anything that is going on in the world...
  6. M

    What in the world happened to Steve46

    ET kills a good mood over time. There are lots of mean asses that don't/can't trade and hate traders or something, then there is the endless analytical drivel of all sorts that is 99% random anyhow, no matter the level of education/experience, and the kindergarten sandbox fights that erupt out...
  7. M

    IB Down

    I'm out 9 YM pts...
  8. M

    Problems with IB TWS

    I had the same problems yesterday
  9. M

    Live Real Time IB Trade Confirmations?

    I was getting quotes yesterday [dow mini's] and had a small position from the day before but could not place a trade. It was like the quote server was up but the brokerage server was not... I couldn't place a trade with the browser either..
  10. M

    The New York Times retracted its smear of Ron Paul

    Did they do the usual "smear on big reader day with prominently displayed article" and "retract when nobody is reading the thing in tiny article" stunt? I'm assuming that the elites will not allow Paul in office, so to me, the most interesting part of his campaign will be about how they shut him...
  11. M

    A Christmas Idea

    Merry Christmas!!
  12. M

    Economic Amrageddon - Bond Insurers About To Default

    If all this CDO insanity unwinds into worst case scenario I wonder how failed every state in the world will be.... I'm seeing all this hyper leverage that nobody seemed to know about as the same thing as all the secret defense pacts before WWI that caused the war to go world wide.... if that...
  13. M

    History channel killing Christianity

    Whatever, Merry Christmas idiots...
  14. M

    History channel killing Christianity

    Idiot, Jesus would be born in late spring according to the story, the sheep were in the field etc. His birthday was changed by evil jokers about 300 AD to match their favorite birthday for deities... you can't deal with the complexities of reality, so what, why bother us with your problems?
  15. M

    Unpaid Credit Cards Bedevil Americans

    Defaulting on credit cards is typically without penalty other than a few years of harassing phone calls which don't even have to be listened to, maybe we should look at that as a big winning trade? Viewing all these defaulters as losers or people with bad judgement/character may just be a little...
  16. M

    Economic Amrageddon - Bond Insurers About To Default

    Unless one's account is staggeringly large prognostications are fairly useless. Nonetheless I want to see how all this excess leverage unwinds just from curiosity.. I'm a macroeconomist at heart and have been watching business cycles and real estate cycles for decades... To me they are like the...
  17. M

    The Automated Trading Championship 2007 Is Over!

    Two of the top 3 are from the Ukraine.. those guys must be smart, I heard that the Soviet Education system was top notch... The winner multiplied his account by 2.3 in 12 weeks, he had to average a little more than 7% per week to do that.. I think there are traders that can beat that without...
  18. M

    You Can't Trade Without A College Degree!!

    College degrees are not about knowledge. If you want truth you go find it for yourself. Those degrees are about a homogenized belief system for people so they will fit the corporate/New World Order structure... I interviewed for an engineering job once that I had been doing only a year before...
  19. M

    Option Expiration - Max Pain Theory

    PAL ran up from $3.45 to $3.85 during the week, the max pain theory got the direction right at least...
  20. M

    How my shrink gave me trading advice

    My shrink got tired of hearing about my trading woes, how I was backtesting systems forever and none worked in realtime, how my job interfered with the trading day... he finally told me to go succeed at trading and get it out of the way... in a way he empowered me but I think he was just annoyed...
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