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Its' really quite sad, and a sad reflection on this Country. So many of these elected Representatives have no clue about what the duties and operations of the FED are, as compared to the Treasury Department. Hell, some of these Reps don't even know what the term "collateral" means. People...

You would think that they would have a most basic of economics and money and capital markets so as to NOT EMBARRASS themselves on television. To not even know the difference between Bernanke ( from Princeton Econ Dept. ) and Pauson ( CEO of Goldman Sachs ) is appalling, and downright inexcusable.

It's amazing to see people like Bernie Sanders ask the questions that he does when he clearly has absolutely NO CLUE about how money and our capital markets work, let alone what the duties of the FED are, and how they are distinct from that of the U.S. Treasury. Even people like Lyndsay...

Exactly. But the people that drink from Cramer's "Kool-Aid" are too far gone to be able to embark on anything other than "twisted" logic. Keep drinking guys.

I use DTN's "IQ-Feed" as well and it works just fine, and is pretty reliable too. I use it for NYMEX futures and Level-One equity quotes. You still have to use Ameritrade's Level-2 "streamer" quotes ( DTN does not offer Level-2 NYSE quotes ), which I might add were recently upgraded this...

The Home Sales number came out. 80.4

Nice 5 handle squeeze on the close.

Congratulations. Looks like you've had the last 40 points all figured out. Do I still have time to enroll in your trading class? :D

ET has become a total joke.

Big Battle here. 705.60 SPX last. My nerves are nearly shot, and it's ONLY a MONDAY! :eek:

Yet another perfect A-B-C up off the 1:30PM low in the SPY at 70.81 where C=A up at 71.74 Is this the end of yet another 4?

Feel free to look up who LuAnn DeLesseps married on Wikipedia.

I smell a Bear "Trap". Am going long at 705 SPX. :)

I'm smelling a TRAP as well! SPX now at 705.

I am not sure why you would think that the "systemic risk" out there should ALREADY be priced into the markets. European Banks have $24 TRILLION of ongoing systemic risk! That number is TWICE the size of the United States GDP. P.S. April Crude is off a little more than 10% at 40.15 - -...

Exactly. And you can thank Dick Luger, Phil Gramm, and Pete Fitzgerald for that.

Hey TGregg, Why did you originate this thread in the TRADING FORUM? What does it have to do with TRADING? Shouldn't it be in the "Wall Street Forum"? You would think that a mod on ET would know better . . . but apparently not.

Am getting long right here at 713 SPX for a trade.

Looks like we are about to finish up this final 5th wave down.... 713.39 on the SPX too! That was an EWT target given last week.

Pabst, you've got a lot of nerve highlighting China's stock market as a "free market" given the fact that the government is frequently purchasing shares in their market. As for your overall thesis, you conveniently fail to acknowledge that Europe and the rest of the world "played" fast and...