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Trading equities feels like trying to move in a tar pit. I bet there's some machine that's buying EVERY SINGLE downtick and selling EVERY SINGLE uptick nowadays.

Thanks, that's very nice. Do you have more exact info yet? Will it be the same old contract (HG), or are they going to start a separate electronic one with a different symbol?

Perhaps one reason for the rally is that the market has begun expecting a divided government. It's good for the country, the economy and the market, if the government can't get much done.

No more downside left, sentiment is pessimistic / apathetic enough. I would expect a brief rally of 5% or so, and then more consolidation until at least year-end.

OPEC doesn't matter. It's a downtrend until proven otherwise.

What's the problem with you people? Someone helpfully explains a trade, and all you can do is complain. Too much of this bullshit going on here. Austin, thanks for your commentary, it's very nice. Got a similar ride myself though not for exactly the same reasons. Wasn't even aware of any FOMC...

Why don't you try yourself? Does the price move before Cramer mentions a stock on his show? If not, you and anyone else can act on this "tip." I don't follow this madman, but would guess any fast trader could make money with his calls.

Sure they would. But since the yen has come down, borrowing it should be popular. And as desperate borrowers don't care about interest rate risk, why should they care about currency risk either?

By the way, why don't American home speculators borrow money at almost zero rate in yen instead of struggling under high dollar rates? Would expect the innovative mortgage lenders to have come up with this idea too.

Russian oil should be outlawed. Anyone who buys oil from Russia supports continuous violations of human rights, assassinations, even genocide. Of course, to a lesser extent the same can be said of many other oil exporters as well.

(sorry for the late reply...) Does any of this really matter to the bubble? When a bubble bursts, does it help much that a country is a bit more capitalistic and less closed than another with a similar bubble? Perhaps prices will fall only 75%? (vs 80% in the more closed country) Sure...

What's the point of cheating in an exam? Seems like high risk, very low return to me.

Gold standard, indeed. The most prosperous time in American history was the 19th century with little government, no central bank, and the gold standard, despite the hugely costly civil war. Obviously you know very little about monetary history. I suggest reading, for example, Timberlake...

Fed Funds - don't need that either. Nor the whole central banking system. Central banking is hugely harmful to the world. And money supply? Most economists don't care about it! When they certainly should - it's probably the most important piece of data they should focus on. But they don't...

Do you have some study on this? Last time the curve inverted in 2000, I remember stocks started to have a lot of trouble before the curve uninverted back.

Times change. I guess the "futures curve" (or what's the official name?) was not as steep then.

Disagree. Most economists are worthless. There's the small minority who are original and brilliant, but the rest are just cheerleaders. I don't understand why every bank wants to have one, but perhaps it's a marketing thing. Like the "analysts", who supposedly add value by giving their opinion...

Brazil is for suckers. When the western world catchces a recession the commodity-dependent emerging countries will be hurt even more.

Listen, it does not matter which instrument you use. The only right way to play energy long-term is to go short. Do you have the balls for that?

Can't think of an easier way to lose money. The rollover costs alone will kill you. Go short instead.