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  1. L

    Reforming the US tax code

    I think you hit on a slightly different issue here, which is where does the value that gets transferred from high-income taxpayers go? Does it go to low-income beneficiaries of those transfers or is it primarily skimmed off the top by the transferring functionaries. That would require a more...
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    Reforming the US tax code

    If you are going to discuss the tax code, can you at least have the discussion not just in the context of who pays what, but of who gets what benefits? As far as I know, Table 1 in this document is the one attempt to not only allocate tax payments, but tax benefits, by income decile...
  3. L

    Almost everything works...

    I think what you're actually seeing when you say that these things "work" is that they don't NOT work ALL the time. So, you could trade, e.g. Gann, for a few years before you blow out. With very conservative money management, it could take you a half-decade or more, depending on your starting...
  4. L

    Bloomberg News: Obama has failed to stop middle class slide he blamed on Bush.

    So persuade enough people that Obama needs to have a 6,8 or 10 year term to fix everything. Then, amend the Constitution to make it happen. There are very clear processes built into our system of governance to mitigate the problems you imply Obama is having. Don't want to be asked to deliver...
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    Bloomberg News: Obama has failed to stop middle class slide he blamed on Bush.

    Look at Table 1 of this document and tell me where it is wrong, if it is wrong: http://www.taxfoundation.org/files/sr172.pdf That table says that if you make less than $135K, you are, on net, getting more in government benefits than you pay in taxes. That means that everyone in the...
  6. L

    Bloomberg News: Obama has failed to stop middle class slide he blamed on Bush.

    Well, then you're just going to have to live with it. But, your response assumes too much, i.e. that your thinking is logical and mine is ideological. That's exactly what you need to persuade me of!! Anyone can spout off the platitude "My thinking is logical and yours is ideological" or...
  7. L

    Bloomberg News: Obama has failed to stop middle class slide he blamed on Bush.

    The rhetorical corner that the Left has painted itself into is this: they claim to be infinitely wiser and smarter than their opponents. Well, if they really are that f-cking smart, they ought to have been able to fix things faster. Same issue with the excuse that says "We didn't know how...
  8. L

    Bloomberg News: Obama has failed to stop middle class slide he blamed on Bush.

    Look, Obama and his bots claim to be infinitely superior to the Republicans in every way, including how "cool" they are. Surely, such a superior species of man, beside whom Nietzsche's "ubermensch" looks like a complete nothing, could come up with some combination of magic words to persuade the...
  9. L

    Backtesting & curve fitting

    One of the things I keep thinking about is the "why" of the improvements in profitability that an optimization brings. Some optimizations seem almost completely arbitrary, such as finding the "best" MA crossover, whereas others seem to at least bolster some real-world hypothesis, e.g. optimizing...
  10. L

    Universal Trend Trading

    Define "start". If the ES is going to go down 10 points, ultimately, and I get in after 3 of those points have already occurred, is that me getting in at the "start"? And even if I got in 7 points after the turn and captured only 2 points of the 10, if I can do that consistently, there is no...
  11. L

    Free Shit?

    Anyone who has had to manage the P&L of a business, especially one which answers to outside shareholders, will tell that if they did this, they would be out of a job soon after, as would the "extra" workers they hired. If I am a hiring manager, do you think I'm going to put my own employment...
  12. L

    Free Shit?

    If that's the case, I'd rather take the money I'm being forced to piss away on giving people free shit and hire more police to keep them from stealing my shit. At least then it would be a little harder for them to steal it than stealing it via the voting booth. Table 1 of this document lays...
  13. L

    About to start longest equity bull market in history

    From a historical perspective, the statement you just wrote is the kind of statement which is only possible in a market closer to its high than its low. Since we know that the market mean-reverts over time, it seems like it is nearly impossible for what you right to be true. Think about it...
  14. L

    How is it that companies always report within a penny or so of wall street prediction

    Analysts meet with the companies multiple times in a quarter (or at least in a year), so they have about as much information about the company as the company's own insiders do. Listen to companies' earnings calls and you will see that the top management of the companies is typically pretty...
  15. L

    About to start longest equity bull market in history

    +1395.5 (current ES ask) ET predictions always have the tone of someone who's just smoked a bowl and had what they believe is the most insightful enlightenment of all time and have now descended down the mountain to tell the unenlightened masses.
  16. L

    Trading Coputers Guide

    Is this thread about "trading computers" or "trading copters"? I personally don't trade from a helicopter, but it would be cool to see what copter those who do use. :)
  17. L

    Machine designed strategies. Do they work?

    I did find the authors' claim that certain system types had higher failure rates weak, since he didn't provide any empirical substantiation.
  18. L

    Are there any human traders left?

    If you take that to the extreme, you should only papertrade. After all, your buying or selling impacts the market, too! Those few ES contracts you buy might set off a sell algo that takes the ES down 50 handles! Papertrade until you are rich, then go cash in your sim account. When the bank...
  19. L

    Getting exact times for Fed statement releases

    Anyone know where to get a list of these? The Fed's website only lists the dates, not the times the statement gets released. I know it's usually 2:15 ET, but today's is 12:30 ET and I was wondering if others have also been released at that time or will be in the future. Thanks.
  20. L

    We are in a slow motion Crash!

    This morning's reaction to the UK GDP and the terrible durable goods numbers are another great example of something which separates good traders from bad. Bad traders will try to game out in advance what the reaction to a good or bad number will be, but good traders wait to see if the reaction...
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