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Isolationist - someone who doesn't start enough wars. Non-interventionist - someone who only starts wars for "really good reasons".

First political appointment: 1974 First year in political office: 1976 Last year in political office: 2012 Yes - career politician.

There is a difference between non-intervention and isolation. A very large difference. Ron Paul had many flawed ideas - and in the end, he was just another career politician - but isolationism is not an accurate representation of his stated policies.

Best for what?

Strikes me as a pointless discussion until the key terms (standard of living, work, rich, etc) are actually defined.

Res ipsa loquitur.

Nicely phrased, IMO.

The primary culprit is retail pulling nearly half a trillion dollars out of these markets.

Once again, retail ahead of the curve vis a vis institutional.

Indeed. I've lived through at least a half dozen of these "cataclysmic" fiscal events. In each case, the sun rose the next day, life continued on, and within months, if not weeks, the "cataclysmic" had morphed into the "already forgotten". So, yes, it's a Yawn Level Event, just another...

Yawn.

Then why bet against it? The Dow is a simple index with many trading vehicles - if you "know" how one component will move relative to the rest, it's straightforward to construct a composite trade to take advantage of it.

Doesn't Dog Dow theory mean that it's a buy for 2013?

Well there's a ringing endorsement of the "championship"....

Everything completely jammed in my neck of the woods.

They will. You can bank on it. Just watch your path dependency.

Numerous times. Same crap, different name. Happens in every administration, every few years. I can't be the only one here old enough to remember the actual gov't shutdown during Bush I...

That *should* be happening. The existence of "little-guy retail liquidity" is an historical aberration made possible by occasional step functions in technology. Once the transformation is done, it naturally goes away.

If this thread lives up to its promise, it will go down in the Hall of Fame of ET Threads That Must Be Read And Understood. Looking forward to the incoming installments...

You accomplish that by paying attention to price, not news.