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This might come as a complete surprise to you, but TRADERS couldn't care less about what the catalyst is for prices rallying . . . Their job is NOT to reason WHY ( as you always do ), but instead to simply sell or buy. It's pretty simple really. But I guess you are too stuck on your need...

Agreed 100%.

Please tell me that you are not so naive to think that a market cannot rally based solely on "liquidity" vs lousy economic fundamentals? I'm always amazed at a core group of posters on ET that consistently post "cut and paste" articles to "support" their bearishness . . . Yet, they don't...

It's not just the 50% retracement that you should be "aware" of . . . but also the standard fibonacci retracements of 38.2% and 61.8% which come into play the majority of the time. Based in nature, these retracements can be found to occur with mind-blowing consistency in the markets.

Since when do equity markets have a 1:1 correlation with the Economy? Ever watched a "liquidity-driven" market rally and rally and rally regardless of poor economic fundamentals? Just curious.

Why would any TRADER worth their salt not take advantage of being LONG for a 7% move to the upside to your 960 target?

The recently announced $200 billion that is going to facilitate the banks and lending institutions that handle consumer debt/finance is said to be so "complex" that it won't be enacted till February. Meanwhile, HSBC is raising everyone's APR on their credit cards +2% starting in January...

Closed at 67.17 today on the highs of the week. +$4.00 since Wednesday's recommendation. :cool:

Nearly 7,700 posts and epic FAIL. No trades . . . just "paper" ones.

Not sure why Bush should have aged so much . . . the guy broke the record in VACATION DAYS by a modern day President! By August of 2007, he was already at 418 days and counting . . . http://www.chron.com/disp/story.mpl/metropolitan/mason/5042364.html At that pace, Bush is on track to...

Very true. And I believe that McCain started one of his campaign speeches with, "My fellow prisoners . . ." :D http://www.youtube.com/watch?v=0mBi7d6e5KI It was obvious that the 22-month long campaign had worn John McCain down. He made so many tactical mistakes along the way that it got...

Wrong. He is nowhere near being DOWN $40 billion on those positions as you claim. Furthermore, the put options that he sold go out nearly 14 years . . . "We don't know the details of how the puts are structured, but let's assume the payouts are on a straight-line basis, such that if the...

I think that I was pretty clear in stating that the point that I made about the money supply needing to increase was in regards to a recession. Not a period of "normal" sustained economic growth. Why would anyone NOT wish to INCREASE the money supply during our current economic contraction...

Please feel free to correct me if I am wrong, but I believe that they will not let you return an LCD if it has < 8 dead pixels. - - - That's the only thing that bums me out about New Egg.

The ONLY problem with New Egg is that they will not accept a return of an LCD display with anything less than 8 dead pixels! Thus, it might just pay to buy from your local big box computer store where you can actually see what you are buying, and return if need be. For example: There is...

Office Depot has a great "Black Friday" deal on that Acer 22" LCD. That 22" Acer X223 widescreen LCD is now at Office Depot for an unbelieveable $129.99 $179.00 in store - $50.00 rebate! 5 in stock per store. Limited to 2 per customer. 2-days only. Friday and Saturday. Doors open at...

Please feel free to tell me why the OPPOSITE action ( decreasing the money supply ) would be beneficial to the Economy during an economic contraction?

First off, it is not "derivatives" that are the root of all evil here. It is LEVERAGE. Mortgage backed securities and credit default swaps in and of themselves are not the problem. The use of LEVERAGE with these products is. When you have an investment that is leveraged 30:1 and it starts...

We have a fundamental difference in philosophies regarding monetary policy and I disagree with most of what you have said on this thread, so it really isn't worth my time expressing my points any further. By the way, in 1971 it was President Nixon ( and not Paul Volcker ) who announced the...

That's why it's going higher. It doesn't care about me or you getting "in". :)