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Thanks Bearice. Maybe this should become the doom and gloom ET thread of choice. We have a nice title for that purpose and a very nice analogy provided by the OP. Another poster made a VERY important point. Us bears can come out of our caves and post on ZeroHedge and predict the end of the...

The fatal flaw is unsustainable debt levels in developed economies. The only way to deal with this is through fundamental, political change and significant personal sacrifice by citizens. Life would get more difficult for many, but we would have a very prosperous future to look forward to...

I am 26 years old, living in Chicago. I have some experience trading both prop and retail. I absolutely love trading, but am having a really difficult time securing a job at a reputable prop firm. I currently write for a financial news site. I follow the markets all day long when I am writing. I...

Up almost 14% on my FAZ position which I initiated yesterday afternoon. Normally I would be right out, but I think I caught the top of the financial rally and now I have some cushion where I can let this thing run if I am right. Let's see here.... Banks rallied over 80% off the March lows as a...

You guys don't sound too experienced and should seriously rethink trading these instruments (fas/faz). But hey I am fairly new to trading as well (about a year) and I took a flier on FAZ this afternoon at 5.38. BE EXTREMELY CAREFUL with these etfs. Google FAZ and decay and you will realize why...

The market is pricing the SRS after today's massacre at 30.87. I have to respect that, but what the f*ck? Tell me why I am wrong, please. This has to be the short squeeze of a lifetime, I mean this is an all time low for the SRS. Any thoughts?

I got a thick, heavy cock and a grip of sluts... whip the markets too...

I would still cast my vote for real estate. I think this is a pretty good post. Most posts on ET are pretty awful, at least this one has a practical aspect to it. Here is why real estate is still the best way for a below average person to make some serious coin... The luck factor is on your side...

Toxic Level III assets on bank's books are a direct result of millions of everyday Americans being unable to pay their mortgages and the fall in housing prices. That is a fact. Whoever said it wasn't is an idiot. Furthermore, Wall Street thought they had a free lunch with the mortgage...

Don't know where you are from, but my guess is that if you show them your P&L and are willing to accept splitting a significant portion of your profits with them you may find someone to back you. Traditional Prop firms are much shorter term traders than you are, however, so that may be a...

I have been saying pretty much the same thing for months. The Federal Reserve and the U.S. government are playing a game of ultra high stakes poker here and just went all in... The best I can see for the future at this point is that we reflate the bubble as best we can and then the crash to end...

I am averaging a gross loss of about $8.50 per 1000 shares that I am trading. I am trading in 100 share lots and trading at a very high frequency for someone as new as I am. I am still having trouble getting my frequency down. This is just something I am going to have to force myself to do...

writing covered calls is just like selling puts only less efficient. You are an idiot

oh and I forgot to edit my post... It should be no instead of know and there instead of their so don't give me a hard time all you english teachers out there....

I am a prop trader who graduated from a 2nd tier private university about a year ago. I, too, thought that an MBA and CFA would be the path that I would probably pursue in the next couple of years. The CFA is probably still a good idea, but compensation is going to be coming down quite a bit...

"But I myself won't buy until the S&P hits 500" he added after the conference. LMFAO

I could not agree more. I am a prop trader and trade some REITs like BXP and VNO and these things are just being destroyed. Looks like they may still fall another $20. So is commercial real estate going to be the coup d'etat? Anyone care to elaborate on this thesis, because it sure looks likely...

Another terrible day... erased yesterday's gains. So does it feel like this market is still grinding down or does another blowout tomorrow suggest we are close to "capitulation?" (if u believe in that thesis). All I know is that I am exhausted and sentiment is just ridiculous right now, so maybe...

I traded over 16,000 shares today and lost about $100 dollars before commissions which cost another $100. I am new and felt like I controlled my risk fairly well but I know I am an idiot for trading so much... I just need some advice to get my frequency down.... alot! I typically trade too many...

I agree with those of you that have predicted a deflationary atmosphere into 2009 and then when things start picking up again there will be rampant inflation. I would short the U.S. dollar and go long commodities at some point here. Short the sh*t out of the dollar. This "flight to quality"...