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He will cut as much as he can get away with. 25 bps is my guess now, but 50 bps if the market tanks much more until month-end.

Exactly the answer I was expecting. So, at least you are consistent in your cluelessness. I bet you have the same strategy in your stock "trading": no exit plan. That way you can continue to deny the bear market when it comes. Just hold on to your mo-mo stocks, no matter how much they lose in...

I'd guess it happens when everyone is making a fuss about oil going above 100. When this panic will come, I don't know, but I believe back month futures will trade above front month at that time. Until then it should be a good idea to stay long oil.

Please define exactly the point at which we will be relieved of your stupid ramblings. How much has the market go down from its high before you disappear? 10%, 15%, 20%, or more?

So what? Did the original poster ever intend to short these stocks? This thread is an interesting observation of what is going on in the craziest part of the stock trading world right now. A chart of this Turd Index would be a nice addition.

Anyone posting only in Politics should be banned, including zzzzz and waelo. And new members should not be allowed into that forum before at least one month / 20 posts of civilized conduct. This is a board for traders, not for political fanatics.

Thanks. This is interesting stuff. Is the paper available online? It's long been a mystery to me why so-called sophisticated investors rely on the hopelessly conflicted rating agencies.

The best song of the year: The Poet and the Pendulum from the best album of the year: Dark Passion Play Some reviews: http://www.maj.com/gallery/Chaz/Nightwish/scan.png http://www.metal-temple.com/review.asp?id=2323 http://www.metal-invader.com/db/reviews-3994.html They are...

:D Could any permabull possibly display any greater hubris than you? I have not seen and can not imagine a greater fool. You couldn't spot a bear market even if it had already begun. But the market will definitely humiliate everybody sooner or later. Your turn seems to come very soon.

And bottom it was. Now both silver and gold are breaking out.

NQ ended up +33... not enough? What did you expect? I see a low yesterday that's going to last for a while, but also can't imagine SP crossing 1500 anymore. So perhaps this wild volatility continues in that 100+ point range? I wonder if the timing of the Fed action was intended just to...

Sounds like a bottom! :D I wonder if anyone dares to be long silver after yesterday's crash. My guess is every trader has been stopped out, and every buy&holder has puked out. It's interesting to see what next week's COT report has to tell.

Do you mean a buy point for gold or gold stocks, or both? Thank you for your commentary. It's been spot on.

Nonsense. All Ted Butler knows about short positions can be seen in this chart. http://www.softwarenorth.net/cot/current/charts/SI.png Clearly, commercial shorts are close to their LOWEST, not highest, levels of the year. Permabull Butler may know a lot about silver, but he does not seem...

At least there are some officials worried about the current situation... http://www.ft.com/cms/s/80fa0a2c-49ef-11dc-9ffe-0000779fd2ac.html The US government is on a ‘burning platform’ of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding...

I've had quite often problems backfilling Globex and Nymex futures, especially pre-market. And when it does work, the backfill produces a huge volume spike for the latest candle. Quite annoying.

What do you mean by this question? :confused: I don't think the euro is fundamentally a much stronger currency than the dollar. The next recession will reveal its problems.

Agree. Keep it in cash, or even better, gold, until you know really well how to survive in the markets.

Early this morning China let the idiots in Washington, and on Wall Street, know that it has them by the short hairs... The precarious position of the US dollar as reserve currency has been thoroughly ignored and denied. The delusion that the US is "the world’s sole superpower," whose...

Mvic, you are right that the Chinese should get rid of the stupid restrictions concerning foreign investments, trade, etc. But it is their decision to make, not yours, even though you Americans seem so eager to push other nations around. In any case the US is in no position to tell China what to...